RENDER Price Surges 74% in 7 Days as AI Token Gains Traders Attention
RENDER token climbed 74% over seven days, reaching $2.23 with trading volume hitting $260.42 million as AI-related tokens saw increased activity across markets.
RENDER rallied from $1.28 to $2.23 despite trading well below its March 2024 peak of $13.53, currently ranked 96th by market cap.
Trading volume jumped 29.5% to $260.42 million while broader crypto markets showed fear sentiment with liquidations reaching $298.5 million in 24 hours.
Analysts highlighted RENDER's outperformance against AI sector peers, with commercial adoption including GPU rendering for major entertainment productions.
The token’s 24-hour trading volume reached $260.42 million, up 29.5% from the previous day, according to CoinGecko data. RENDER hit a seven-day high of $2.23 and currently trades near that level.
The rally still leaves RENDER well below its all-time high of $13.53, set in March 2024. The token’s market capitalization currently stands at $1.15 billion, ranking 96th on CoinGecko.
Analyst @DamiDefi observed that RENDER outperformed most AI-sector tokens over five days. The analyst stated the gains exceeded what many comparable tokens achieved throughout the previous year.
Trader @seth_fin noted a 67% gain from a recent entry point. The trader also referenced past real-world adoption of the network, citing a Vegas Sphere concert produced using Render Network’s distributed GPU infrastructure as an example of commercial applications.
Derivatives data from Coinglass showed total market liquidations reached $298.5 million over 24 hours. Shorts accounted for $215.57 million of liquidations, suggesting bearish traders were caught off guard by price rallies. Liquidations occur when exchanges automatically close traders’ positions after prices move against their leveraged bets.
Crypto market liquidations | Source: CoinGlass
The Fear & Greed Index registered 26, indicating fear in the market, up slightly from 25 the previous day. The broader market added 1.83% to total market capitalization, which reached $3.27 trillion. BitcoinBTC$91 84724h volatility:1.8%Market cap:$1.83 TVol. 24h:$60.73 B
gained 2.46% over 24 hours and 6.87% over seven days.
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As a Web3 marketing strategist and former CMO of DuckDAO, Zoran Spirkovski translates complex crypto concepts into compelling narratives that drive growth. With a background in crypto journalism, he excels in developing go-to-market strategies for DeFi, L2, and GameFi projects.