How Render Token (RNDR) has taken the shine from the top cryptocurrencies

RNDR Token

Render Token is the best-performing among top coins in the past 7 days. The token seems to have not lost steam despite the mostly uneventful state of the general coin market. Here is a close look at how well RNDR has performed in the past week.

Gained 5% on Sunday

Render Token (RNDR) is the undisputed leading gainer among the top coins of the past week. The asset gained 4.91% on Sunday, bringing its market value to $2.48. As modest as this gain may be, it dwarfed the performance of 95% of all the digital currencies in the top 100 according to market cap.

35% gained in 7 days

On the 7-day chart, RNDR has gained 34.78%, making it the biggest gainer, not just on the daily chart but also on the weeklong chart. On the 7-day chart, other tokens that have made gains of more than 5% among the top coins are Ripple (XRP), which gained 7.9%; Solana (6.19%); Tron (TRX) (8.00%); Litecoin (LTC) (11.62%); and Toncoin (TON) (7.26%).

Others are LIDO at 7.12%, Apecoin (APE) at 5.34%, BitDAO (BIT) at 5.13%, Decentraland (MANA) at 5.38%, Conflux (CFX) at 5.37%, and Bitcoin SV (BSV) at 5.47%.

On the weeklong chart, Singularity (AGIX) is also up by 14.25%, and Mask Network (MASK) is up by 18.10%, making it the next top-performing coin after RNDR on the 7-day chart. A few other tokens that have gained up to 5% on the 7-day chart are THORchain (RUNE) at 5.56%, Dash (DASH) at 6.27%, Franshare (FXS) at 5.43%, Injective (INJ) at 10.57%, Sui (7.79%), and Synthetix (SNX) at 12.96%.

RNDR TRX and APE in green

Among all these tokens, Tron and Apecoin are in the green region in both the daily and weekly charts, just like RNDR, with RNDR the leading token in both charts.

Here’s what the RNDR/USDT 7-day performance chart looks like on Binance:

On the Moving Average Convergence/Divergence (MACD) indicator, we can see that RNDR has been bullish since May 15. The last strong indication of the bullish trend can be seen on May 19. At the moment, the trendline seems to be close to another crossing or a bounce-off in the coming hours.

The Relative Strength Index (RSI) shows a value of 67 after reaching an overbought value of 75 on Sunday afternoon. This could be the effect of the general bearish market, as seen on Sunday. With the volume sustained above 176% in the past 24 hours, it is plausible that we will see higher values for RNDR, as we briefly experienced on Sunday afternoon when the token reached an intra-day high of $2.950.

Author: Jofor Humani

Jofor is a crypto journalist with passion for investigative reviews.