The Render Network saw a remarkable performance last month after the finalization of its token rebrand. Its bullish rally was halted in August due to the market retraces, which made the cryptocurrency’s price tumble below the $4 mark.
However, its most recent performance skyrocketed the price by over 33% in the past week. Some analysts believe there is a catalyst that could drive the price toward a massive pump in the coming days.
RENDER Skyrockets 30% In 7 Days
Following its rebrand, AI token RENDER saw a massive 140% increase in daily trading volume. Its price surged nearly 20% toward the $7 resistance level, considered a “great buying opportunity” for some investors and analysts.
Nonetheless, the crypto market downturns hindered the token’s performance, making it plunge over 27% at the beginning of the month. Throughout the following weeks, RENDER moved sideways between the $4.3-$5 price range but started to gain momentum in the last seven days.
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