Crypto Whales Keeping a Close Eye on Render Price in 2024, Onchain Data Suggests ALGT Ready for Breakout
The post Crypto Whales Keeping a Close Eye on Render Price in 2024, Onchain Data Suggests ALGT Ready for Breakout appeared first on Coinpedia Fintech News
Render (RNDR), a crypto project known as one of the promising projects in the crypto market, has unique features alongside its price potential. Render is currently ready to make a new all-time high since it is very close to crossing its previous all-time high. Render is currently priced at $7.49, and its all-time high was $8.78, which is not very far (According to CMC).
Render (RNDR) was launched in 2017. In the 2021 bear market, when the crypto market went down, many altcoins suffered major declines. Mostly, it failed to recover the price when the market started to get stable, but Render (RNDR) is one of the projects that have recovered amazingly and is now almost near to achieving new all-time highs.
Today, Bitcoin crossed $61,000, and many analysts have speculated that the crypto market is back in the bull run. So now the focus of the investors has shifted towards the projects that are recovering and performing with potential. Crypto Whales are closely eyeing Render’s price in 2024. Analysts predict that Render (RNDR) will cross $10 this year if it continues to recover amazingly.
Render (RNDR) is currently ranked #41 out of 100 among the altcoins by CoinMarketCap, which is another factor that increases the investors’ confidence in the investors and crypto whales that are eyeing this project. In the last 24 hours, Render’s price has observed a 3% increase, which is an indicator of its upward trajectory.
Alongside Render (RNDR), there is another amazing new project in the crypto market that recently launched with a massive pre-sale, which was a huge success. The on-chain data about this project reveals that it is ready for a major breakout, which is the second factor driving the investor’s confidence, with the success of pre-sale being the first one.
This project is Algotech (ALGT), which has become an eye-catcher for investors due to its amazing price potential, features, and exemplary roadmap. Algotech (ALGT) has already become the new talk of the town after its impressive performance.
ALGT Ready for a Major Breakout – Onchain Data Reveals
Algotech (ALGT) is a DeFi project with significant upside potential and has become one of the most successful newly launched projects after its successful massive pre-sale. Algotech (ALGT) has grabbed the attention of investors due to its comprehensive set of features, including hedging, mean reversion, trading bots, social trading, momentum trading, and algorithmic consolidation.
The attraction for major investors was significantly increased following Algotech’s private seed round, where the project successfully raised $1.1 million within just two days. Presently, in Stage 1, with the token priced at $0.04, expectations are set for a rise to $0.15 by Stage 4. With stage 2 starting at $0.06.
Investors are constantly eyeing this project for price movements due to the analysts’ predictions, which are further boosting investors’ confidence in ALGT. Algotech (ALGT) has a community-centric approach when it comes to its investors. Token holders will be entitled to governance rights and profit shares as well.
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