- RNDR outperformed BTC as whale interaction and social dominance around the project rose.
- November could prove to be a good month for RNDR because of the budding AI narrative.
- A buy signal appeared at $2.44 which could serve as the support zone for RNDR to reach $3.
Render (RNDR) was one of the altcoins in the spotlight following a period when Bitcoin (BTC) tapped $35,000. At the time of writing, the price of RNDR was $2.48 after a showstealing 64% hike in the last 30 days.
Santiment, an on-chain analytic platform was able to identify reasons for Render’s exponential growth within the aforementioned period. According to Santiment, RNDR was a beneficiary of increased network growth, activity, and whale interaction. Due to these activities, the token’s social dominance reached its highest within the same timeframe.
#Render is +64% over the past 30 days, as one of the best performing projects during this timeframe. Watch $RNDR's social dominance coming off its highest discussed days in months. Address activity, network growth, & whale transactions are sky high. https://t.co/K9mxMeXKaK pic.twitter.com/uDN1FRPAuAThe post Why Render’s (RNDR) Correction Could Be a Buy Signal Before $3 appeared first on Coin Edition.— Santiment (@santimentfeed) October 30, 202…