The cryptocurrency Render (RNDR) has experienced a downturn, dropping over 3.5% in the past day. This decline extends a negative trend for RNDR, which has witnessed a 4% loss throughout the week.
As of today, June 22nd, 2024, RNDR sits at $7.49, down from $7.74 a week ago. The trading volume has also dipped by 15% over the same period. This price movement comes amidst a larger circulation of RNDR tokens.
Data suggests a 0.46% increase in circulating supply, bringing the total to an estimated 73% of the maximum supply. While the reasons behind the price drop remain unclear, some analysts point to a potential shift in investor sentiment. A recent outflow from the Grayscale Bitcoin Trust (GBTC) could be a contributing factor, indicating broader market fluctuations.
Investors following RNDR should closely monitor upcoming developments, including the coin's performance and any news affecting the cryptocurrency market as a whole.
June 2024, Cryptoniteuae