Latest DePIN News
a month ago
Render's On-Chain Metrics and Derivatives Market Analysis
Render's on-chain metrics, such as increased holder count and community growth, indicate a healthy ecosystem. Derivative market analysis shows a strong bullish sentiment for the Render price.
As Q3 ends and Q4 approaches, Render (RENDER) price is gaining significant momentum. This Render price surge is driven by positive market sentiment, with Bitcoin rallying in September. Major partnerships and numerous updates enhancing GPU rendering applications also boosted the optimism in Render crypto. A well-known crypto analyst even believes that RENDER might claim the $100 milestone soon. Will it? Let’s find out.
**Why Do Analysts Look Bullish Toward the RENDER Price?**
The Render Network is emerging as a key player in the tech space, particularly for creators, artists, and enterprises seeking scalable, high-performance rendering solutions. The Render token price recently skyrocketed from its demand zone, climbing nearly 35% this week. It has effortlessly pierced through the 20-day and 50-day EMA bands on the daily chart. With growing optimism, many are speculating about future price targets, fueling global bullish sentiment. One notable prediction came from crypto YouTuber D0c Crypto (@TheRealD0c). This analyst believes the Render price could reach $100 or beyond this year.
**What Factors Support Further Surge in RENDER Price?**
Render Network’s rise as a key player in the tech industry has solidified its reputation as a key crypto asset. Optimism around Render crypto has surged for several reasons. It secured major partnerships this year with industry giants like Nvidia, Apple, Google, and Microsoft. Those companies are leveraging Render’s decentralized network and enhancing Render’s position as an asset. The involvement of those prominent names has significantly boosted sentiment within the community. It could boost further Render price growth in the future. Correspondingly, an update about the cloud storage release that came on September 5th, 2024, propelled Render token’s price from its demand zone at the start of September. The integration with AWS S3 and Dropbox now allows artists and studios to seamlessly download files directly from the Render Network to cloud storage providers. That eliminates the hassle of extra downloads and uploads. Additionally, On September 20th, Render announced a major update on its official X account. The update revealed that 60% of its circulating supply, valued at nearly $2 billion, has transitioned from Ethereum to Solana. That made it the largest project on the Solana network. This significant move has further fueled the RENDER price surge, as reflected in its daily chart.
**On-chain Data Shows Optimism For Render Price**
Over the past month, Render crypto has demonstrated an impressive holding pattern. In the last 30 days, the number of holders has grown exponentially. That number reached a total of 83,229, with 23 new holders added in the past 24 hours. The community has also seen significant growth, now totaling 199,292 members, with 74 new subscribers joining in the past day on X. Render’s X account, which is 7 years and 1 month old, is one of the oldest in the crypto space, enhancing its trust within the community. To date, the account has made 10,159 posts, including 3 new posts in the past day. Overall, Render’s on-chain activity appears healthy, positioning it as an optimistic asset.
**Security Score**
The RENDER token boasts solid fundamentals that enhance its strength. Its impressive security score further boosts users’ trust, as it is less likely to be hacked or compromised by criminals. With an AA tier security grade and a score of 88.25 out of 100, it stands out as a robust and reliable asset. Render Price Analysis in Derivatives Market Exhibits Heightened S
a month ago
High Investments in AI and DePIN
Investments in AI have reached unprecedented heights. According to a report from Stanford University, countries such as the United States, China, and several European nations invested colossal amounts in AI companies between 2013 and 2022. The United States leads with $248.9 billion, followed by China with $95.1 billion, and the United Kingdom with $18.2 billion. These investments aim to improve AI capabilities in areas such as healthcare, finance, logistics, and many others. Tech giants like Amazon, Google, and Microsoft are at the forefront of this revolution, developing AI solutions that promise to transform our daily lives.
Meanwhile, the DePIN (Decentralized Physical Infrastructure Networks) market is in full expansion. DePIN combines the digital capabilities of blockchain with physical infrastructures like data storage and power grids. This synergy creates more efficient, resilient, and privacy-respecting systems. In 2024, the DePIN sector attracted colossal investments of $246 million, spread over 70 transactions. DePIN projects are particularly promising for executing complex calculations and managing large amounts of data.
a month ago
Cryptocurrencies Poised for Growth in Q4 2024
**Cryptocurrencies Poised for Growth in Q4 2024**
As the end of 2024 approaches, investors and traders are eagerly anticipating the next big surge in the cryptocurrency market. Three standout coins are predicted to dominate in the final quarter, with key factors driving their potential success.
- **Artificial Superintelligence Alliance (FET)**
Artificial Superintelligence Alliance (FET) is currently trading between $1.14 and $1.49. Despite facing resistance at $1.65, a potential rally could push FET towards $2.01, signaling a significant gain. With fresh momentum, FET might challenge the resistance and pave the way for a sustained rally.
- **Bittensor (TAO)**
Bittensor's price fluctuates between $250 and $345, with resistance levels at $386 and $477. Recent growth of 43% weekly and 46% monthly may be limited by current resistance levels. Breaking past the first resistance could lead to further gains.
- **Solana (SOL)**
Solana's price ranges from $125 to $139, facing resistance at $146. Despite recent minor rises, overcoming the resistance is crucial for a potential climb to $159, marking a significant gain.
**Conclusion**
As we head into the final quarter of 2024, FET, Bittensor (TAO), and Solana (SOL) emerge as prime contenders for growth in the cryptocurrency market. Overcoming resistance levels and gaining bullish momentum will be key for these assets to break out and offer investors significant gains.
Disclaimer: This article is for informational purposes only and not intended as financial advice.
a month ago
Render (RNDR) Analysis and Adoption Growth
Render (RNDR) is experiencing a positive rebound, supported by bullish analysis and increasing adoption in decentralized infrastructure. Coinbase's recent addition of Render futures and the network's growth are driving interest in Render's expanding ecosystem.
Famous analyst Javon Marks has highlighted Render's potential, noting a Hidden Bull Divergence that suggests a significant recovery may be on the horizon. Marks predicts a more than 120% recovery for Render, potentially pushing the price back to $12.30 and even reaching $15.33847725. If a Full Logarithmic Follow-Through occurs, Render's price could soar to $150, showcasing the crypto's remarkable potential.
Render's recent developments, including Coinbase's launch of perpetual futures for Render and increased frame rendering and active addresses on the Render Network, indicate growing institutional interest and network adoption. As a leader in Decentralized Physical Infrastructure Networks (DePIN), Render provides decentralized GPU rendering solutions for various industries, further solidifying its position in the decentralized infrastructure sector. At the time of writing, the RENDER token is trading at $5.87, showing a 6.72% increase over the last 24 hours and a 21.05% increase over the last week, with a market cap exceeding $3 billion.
a month ago
Crypto VCs Raise Over $2.2 Billion in New Capital This Year
Crypto venture capitalists have been successful in raising over $2.2 billion in new capital through closed funds in 2024, as reported by PitchBook data. In recent weeks, several VCs have collectively raised more than $500 million, with notable examples including ParaFi Capital, Borderless Capital, Hack VC, and Robot Ventures. The trend indicates a positive outlook on early-stage startups, showcasing optimism for new innovations. One standout fund is Borderless Capital's $100 million DePIN Fund III, focusing on Decentralized Physical Infrastructure Networks (DePINs) that utilize blockchain technology and token incentives to create connectivity networks. The growth in the DePIN sector, as seen through increased funding rounds and project ambitions, suggests a maturing industry with strong fundamentals and diverse applications.
**Unique Resilience of DePIN Projects**
Alvaro Gracia, a partner at Borderless Capital, highlighted the resilience of DePIN projects in bear markets, noting that their value is derived from sources outside the crypto sector. Projects like Helium and GEODNET exemplify this resilience, with revenue streams that are independent of crypto market fluctuations. Gracia emphasized the tokenomics design of DePIN projects, which enables revenue transfer to token value through mechanisms like buy-backs. This unique feature, coupled with the sector's ability to maintain fundamentals during market downturns, positions DePIN projects as promising investments.
a month ago
Deus X Capital Expands Digital Asset Ecosystem with Solstice Labs
Deus X Capital has recently launched Solstice Labs, a business focusing on providing institutional-grade decentralized finance (DeFi) investment products. This move comes shortly after the introduction of Cor Prime, a prime of prime broker by Deus X Capital. Solstice Labs was unveiled at the Solana Breakpoint 2024 event at Token2049, with plans to debut its first project on the Solana blockchain in early 2025. The project aims to offer enhanced yield opportunities and will start with over $100 million in total locked value, supported by Deus X Capital.
Deus X Capital CEO Tim Grant, who is also the co-founder and chairman of Solstice Labs, emphasized the importance of this new venture in bridging traditional capital markets with the crypto and DeFi ecosystems. Additionally, Deus X Capital has committed up to $100 million in risk capital to Cor Prime, which is set to begin commercial lending in 2025 pending regulatory approvals in Bermuda and Abu Dhabi. The company's ecosystem is further strengthened by its liquidity provider Alpha Lab 40 and software and AI business APEX:E3, in which Deus X Capital made a strategic investment in July. Alpha Lab 40, founded by Stuart Connolly, operates under the leadership of Grant, who also chairs APEX:E3.
Deus X Capital's involvement extends to incubator projects like TradeLocker and FunderPro, as well as the creation of Bridgetower Middle East in partnership with Bridgetower Capital. This crypto infrastructure platform, established in the Abu Dhabi Global Market with $250 million in funding, showcases Deus X Capital's commitment to fostering innovation and growth in the digital asset space.
a month ago
DeRace Airdrop Program
DeRace is conducting an airdrop program with the artwork created by Steven Adams. Participants have the opportunity to receive DeRace tokens with an anticipated earning of $3300 or more. The airdrop duration is 6 minutes, and there is no investment required.
To claim the DeRace airdrops using DappRadar, follow these steps:
1. **Navigate To DappRadar Website:** The first step is to visit the DappRadar platform.
2. **Verification:** After registration, it is essential to verify your identity to ensure safety and compliance. Follow the verification steps as per the platform's guidelines.
3. **Configure Your Wallet:** Set up a suitable wallet on the DappRadar site to claim your $DERC tokens. This wallet will be used to securely hold and manage your tokens.
Explore the DeRace airdrop opportunities on DappRadar's site by completing these simple steps. Secure your tokens and discover the various opportunities provided by DeRace.
a month ago
Cryptocurrency Milestones and Innovations
In the fast-paced realm of digital transformation, cryptocurrencies like Render and Aptos are making significant strides, but it's BlockDAG that's stealing the spotlight with its potential for substantial early investor returns. Render is revolutionizing the market with its GPU-based decentralized economy, while Aptos is strategically maneuvering through technical chart patterns for pricing strategies. BlockDAG, on the other hand, is impressing with its strong presale performance and cutting-edge technological advancements, hinting at remarkable growth and enhanced user engagement, setting a noteworthy benchmark in the evolution of blockchain and cryptocurrency sectors.
**Render's Performance and Investor Confidence**
Render (RNDR) is gaining attention with its decentralized platform enabling users to monetize their unused GPU capacity. This platform not only meets the increasing demand for high-performance computing but also offers a decentralized, efficient, and cost-effective solution. As the digital content creation industry expands, Render's scalable platform becomes crucial for companies and individual contributors. Investor confidence in RNDR is evident through a significant rise in whale accumulation, with large holders' stakes increasing from 51.5% to 71.5%. Despite a minor price setback to $5.05, the market sentiment remains positive, driven by expectations of Render's expanding influence in AI and blockchain realms.
**Aptos's Market Dynamics and Potential**
Aptos (APT) stands at a critical juncture, positioned at the convergence of key moving averages and a rising wedge pattern on its daily chart. Trading around $6.7 with an 8% weekly increase, APT faces resistance near $7.2 and $7.7 if it maintains levels above moving averages. A breach below the wedge could lead to significant losses, with crucial support at $5.7. The MACD hints at a potential momentum shift, impacting future trends. With subdued volatility and a balanced long/short ratio, traders are advised to monitor market movements closely for breakout opportunities.
**BlockDAG's Presale Success and Testnet Launch**
BlockDAG (BDAG) is witnessing a surge in buyer interest during its presale phase, with the price soaring impressively from $0.001 to $0.00178 in the 22nd batch, indicating a substantial return potential. The presale has raised a significant $73 million, showcasing robust market support. BlockDAG is preparing for a crucial testnet phase scheduled for September 20, 2024, allowing for comprehensive network testing and feedback collection before its official public launch. This phase is vital for ensuring operational stability, security, and efficiency, setting the stage for BlockDAG's future growth and success.
a month ago
Volatility in Crypto Market: Render (RNDR) and Chainlink (LINK) Facing Challenges
The crypto market is currently experiencing significant volatility, with projects like Render (RNDR) and Chainlink (LINK) taking heavy hits. Despite being once reliable, these projects are now struggling, leading top Ethereum (ETH) holders to seek alternatives. In this uncertain environment, IntelMarkets (INTL) has emerged as a platform powered by AI-driven trading and a modern blockchain, offering stability and advanced technology that investors are looking for.
**Render (RNDR) Network's Volatility and Ethereum (ETH) Holders' Search for Stability**
Render (RNDR) is facing severe volatility, currently priced at $4.83 with a 6.19% gain this month. However, it remains 64.33% down from its high in March 2024. The active trading volume of Render (RNDR) at $213.28 million indicates restless investor behavior, with concerns rising due to erratic price movements. This volatility may prompt Ethereum (ETH) holders to explore more stable options, as Render (RNDR) has shown significant growth but is now at a turning point in the market.
a month ago
DCX Systems Share Price Surge on Elta Systems Export Order
DCX Systems saw its share price surge by as much as 5% and hit an intraday high of Rs 355.05 per share on the BSE following the announcement of an export order from Israel-based Elta Systems worth Rs 154.8 crore. The company disclosed that it had secured export orders from Elta Systems Ltd., Israel, amounting to $18,495,779.10 (Rs 154.8 crore) for Radio Frequency (RF) Electronic Modules to be delivered within 12 months.
At 11:20 AM, DCX Systems shares were trading 1.48% higher at Rs 343.15 per share, outperforming the BSE Sensex which was up 538.13 points at 83,486.36 around the same time.