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U.At the moment – , an AI crypto token, is outperforming the crypto market. Render’s RNDR is up 3.35% within the final 24 hours and is at the moment buying and selling at $1.81 on the time of writing.
That is important for the reason that majority of crypto property, together with , are buying and selling poorly. In keeping with on-chain analytics agency , most cryptocurrencies have skilled gentle corrections, with staying flat at $27,400.
Santiment highlights a couple of standout tokens which have bucked the final market pattern; these embrace Render (RNDR). The Render community offers near-unlimited decentralized GPU computing energy for next-generation 3D content material creation.
Render has been on the rise for the reason that starting of September, with the surge persevering with into October. Regardless of the market’s latest sell-off, Render ended the final two days within the inexperienced.
Alternatively, Bitcoin, the most important cryptocurrency by market cap, might report its fourth straight day of losses since Oct. 8 if a detrimental shut is achieved right this moment.
In keeping with , liquidity continues to dry up throughout digital property as community settlement, trade engagement and capital flows stay at cycle lows, highlighting the market’s current excessive disinterest. In consequence, lackluster exercise is seen throughout the markets.
In the meantime, because the market stays cautious, Bitcoin’s cryptocurrency market share is rising to ranges final seen in 2021.
In keeping with information, Bitcoin now accounts for 50.1% of the crypto market’s $1.06 trillion price, up from 38% at first of 2023. When the dangers related to digital property are perceived to be rising, speculators are inclined to abandon smaller tokens.
This text was initially printed on U.At the moment