Render Review: What The Data Tells Us

in #cryptocurrency5 hours ago

Time for a fresh look at Render. The market dynamics here are worth examining closely.

📈 Current Price Action

At $1.27, the price action has been relatively stable lately. We're seeing bearish pressure over the past week. The monthly chart shows significant correction from recent highs.

Render 7-Day Chart

Render price movement over the last 7 days

💰 Market Metrics

Market cap stands at $656.46M, placing it at rank #86. With $43.74M in 24h volume, we're looking at healthy trading.

MetricValue
Current Price$1.27
24h Change-3.16%
7d Change-18.03%
30d Change-47.82%
Market Cap$656.46M
24h Volume$43.74M
Market Rank#86

🪙 Supply Dynamics

There are $518.71M coins in circulation out of a maximum supply of $644.25M (80.52% circulating).

📊 Historical Context

The all-time high was $13.53, and we're currently 90.65% below that level. The all-time low sits at $0.04, which means we're 3350.90% up from the bottom.
That's a significant discount from ATH, which could present opportunity - or suggest fundamental changes in the project's prospects.

🤔 My Take

Market dynamics show us Render is in a consolidation phase. The fundamental metrics show room for growth if fundamentals improve.

As with any crypto investment, only allocate what you can afford to lose.

🎯 Final Thoughts

And that's my current read on Render. Numbers don't lie, but they also don't predict the future. What's your perspective on this project?


This is not financial advice. Always do your own research before making investment decisions.

Sort:  

Upvoted! Thank you for supporting witness @jswit.