Some information about RENDER token.

Assalamu Alaikum Hello friends how are you everyone I hope everyone is well and today I present to you the current status of the RENDER market and its price market fluctuations and analysis of the highest and lowest prices and this is very important information for those who work with crypto. Currently, the price of RENDER token is around $1.73 to $1.74. Its price has decreased by about 17% in the last 24 hours and which indicates a big fall in the market and such sudden fall is usually due to big sell off or market fear FUD and so now the market is very sensitive.

And within 24 hours, the highest price of RENDER was $2.107 and the lowest price was $1.647 and this fluctuation shows that there is a lot of volatility in the market and for those who trade in the short term, it brings opportunities on one hand and risks on the other hand and it is important to be alert at all times. Looking at the market cap, it can be seen that RENDER is still in a strong position and its Market Cap is about $891.97M and Fully Diluted Market Cap stands at $1.11B and this amount of market cap bears the identity of an established project and its Market Dominance is 0.0313% which indicates medium strength.

And volume is also a big indicator. In the last 24 hours, RENDER's trading volume was around $98.24M and the volume to market cap ratio was 11.01%, which is a sign of active trading in the market. This volume shows that the number of buyers and sellers is very high, which can lead to rapid price changes. In the supply section, its Circulating Supply is 518.58M RENDER and Max Supply is 644.17M. Due to the limited Max Supply, scarcity may arise in the future, which increases the possibility of price increases. The supply has not yet fully entered the market, so it can have a negative impact on the price in the long term.

Now let's come to the important part. The highest price of RENDER, i.e. the All Time High, was $13.5961, which was achieved in March 2024 and is now much lower than that, so it can be seen as a potential opportunity for long-term investors. On the other hand, its All Time Low or lowest price was only $0.0367, which was recorded in 2020 and since it has improved so much from the bottom, it gives a clear idea about the strength of the project and its acceptance in the market. It has already gained popularity as a growth project.

And looking at the current chart, it can be understood that the price has recently fallen and is trying to recover slowly. Looking at the MA line, it can be understood that the price is not yet completely bullish but there are signs of recovery and the green candles are also increasing in the volume bars, which indicates increasing buying pressure. And in the end, it can be said that RENDER is now in the discount zone and since it is much lower than the ATH, it has the potential to increase in the future. But remember, the crypto market is always risky, so it is wise to do your own research and make decisions without rushing.

Thank you everyone for reading my post.

@baizid123