{"id":52919,"date":"2023-08-25T10:29:04","date_gmt":"2023-08-25T14:29:04","guid":{"rendered":"https:\/\/ifintechworld.com\/markets\/crypto\/is-it-too-late-to-buy-render-rndr-price-rallies-3-as-nvidia-stock-shoots-up-and-launchpad-raises-1-4-million\/"},"modified":"2023-08-25T10:29:06","modified_gmt":"2023-08-25T14:29:06","slug":"is-it-too-late-to-buy-render-rndr-price-rallies-3-as-nvidia-stock-shoots-up-and-launchpad-raises-1-4-million","status":"publish","type":"post","link":"https:\/\/ifintechworld.com\/?p=52919","title":{"rendered":"Is It Too Late to Buy Render? RNDR Price Rallies 3% as NVIDIA Stock Shoots Up and Launchpad Raises $1.4 Million"},"content":{"rendered":"
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Render (RNDR) has once again shot-up, following a strong quarterly performance by leading GPU-manufacturer Nvidia – but with RNDR on the move, is it too late to buy Render?<\/p>\n

Nvidia stocks surged an impressive +3% in a market reaction to smashed expectations around the Nvidia Quarterly Report.<\/p>\n

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Over the last 3-months, Nvidia’s earnings have exceeded expectations – thanks in part due to the explosive growth of investor interest around company’s set to profit-big from the AI boom.<\/p>\n

According to FactSet, Nvidia\u2019s $13.5 billion in sales and $2.45 earnings per share last quarter smashed consensus analyst estimates of $11.2 billion and $2.08.<\/p>\n

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With investors increasingly bullish on GPU-related companies, Render has shot-up amid the hype, as the first crypto project to build-out a decentralized economy focused on spare GPU rentals.<\/p>\n

RNDR Price Analysis: Is it Too Late to Buy Render?<\/strong><\/h2>\n

Amid the market excitement around GPUs, Render remains trading low in the channel, at a current market price of $1.45 (a 24-hour change of -0.82%).<\/p>\n

This minor retracement comes after RNDR bounced off lower trendline support at $1.25, creating a double-bottomed pattern that could poise RNDR to resume rallying.<\/p>\n

Yesterday’s +8% pump fell short at resistance from the 20DMA – in an anticipated move following 42 days of unsurmountable resistance from the moving average.<\/p>\n

Yet, with price attempting to push up, all eyes remain on the 200DMA – which is beginning to flip from ascendant form to descendant posture.<\/p>\n

Indeed, price action has been tumultuous since the emergence of a dreaded death-cross pattern on August 7.<\/p>\n

But while resistance from moving averages continues to dominate RNDR price action, Render’s indicators provide reasons to be cheerful about the short-time frame.<\/p>\n

The RSI remains cooled-off at 35.7, a strong oversold signal that suggests price could push up soon.<\/p>\n

And the MACD has almost flipped bullish, showcasing minimal bearish divergence at -0.001.<\/p>\n

Overall, with price intent on pushing up, all eyes remain on the 20DMA and 200DMA as key resistance levels to watch.<\/p>\n

This leaves RNDR with an upside target at the 20DMA around $1.55 (+7%).<\/p>\n

While downside risk remains close-by at the lower-trendline around $1.25 (-13.6%).<\/p>\n

Render’s risk: reward ratio is therefore stood at 0.52 – a terrible entry, carrying almost double the risk.<\/p>\n

Yet, while it might be too late to ride the current RNDR pump, traders with the highest PnL have began to adopt a next-generation crypto market insights and AI analytics platform into their trading strategies.<\/p>\n

Launchpad XYZ: How Pro Traders Are Using the Power of AI to Beat the Market<\/strong><\/h2>\n

There is just 5 days left to buy Launchpad XYZ (LPX), an innovative ecosystem designed to lower the entry barrier to Web 3.0 with user-friendly tools, insights, and analytics.<\/p>\n

Whether you’re a seasoned crypto user or just starting, this platform offers a range of features, such as NFT discovery, a decentralized exchange (DEX), a Web3 wallet, and utility token analysis.<\/p>\n

At the heart of the Launchpad XYZ ecosystem lies the $LPX token – holders who stake a minimum of 10,000 tokens can reap numerous benefits, including substantial fee discounts, exclusive early access to NFT mint whitelists and presales, beta play-to-earn game launches, as well as cool community prestige badges.<\/p>\n

The platform’s intention to list LPX on major cryptocurrency exchanges is expected to drive significant demand for the token.<\/p>\n

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Following the introduction of its primary features in Q3 2023, Launchpad XYZ anticipates substantial user adoption.<\/p>\n

With its maximum token supply of 1 billion, $LPX is set to launch on crypto exchanges later this year with a fully diluted market cap of $70 million. This makes it a platform to watch in the rapidly evolving crypto industry.<\/p>\n

Given its comprehensive suite of features and ambitious vision, Launchpad XYZ is set to break barriers and redefine the crypto space.<\/p>\n

As it facilitates an inclusive Web3 ecosystem, the $LPX token is proving itself a promising opportunity for investors. Whether you’re new to the crypto world or a seasoned investor, Launchpad XYZ is one platform you can’t afford to overlook in 2023.<\/p>\n

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Explore the latest Web3 presale projects, P2E Hub for gaming, the Metaverse Experience Library, and the Trading Terminal for an immersive experience.<\/p>\n

Future developments include a marketplace for fractionalized assets, a Trading Edge Game, and creator tools for brands.<\/p>\n

Don’t miss out on the opportunity to invest in Launchpad XYZ, a promising project with the potential for significant growth.\u00a0<\/p>\n

For more information, visit Launchpad XYZ today, also stay tuned with the project Twitter<\/a> and Telegram to receive all of the latest updates and team news.<\/p>\n

Buy LPX Here<\/strong><\/p>\n

.<\/sub>Disclaimer: Crypto is a high-risk asset class. This article is provided for informational purposes and does not constitute investment advice. You could lose all of your capital.<\/sup><\/i><\/p>\n<\/p><\/div>\n