Render (RNDR) Network Activity Surges Ahead of Crucial Token Migration
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The anticipated token migration of Render (RNDR) to “RENDER” has significantly boosted network activity. Active addresses on Render hit an all-time high on July 17, showing high user interaction. Despite recent price declines, the surge indicates high participation due to the upcoming token swap. With the network growth also increasing, market adoption could lead to higher demand and potential price rise. Rendoshi Research views the migration to Solana (SOL) as bullish for Render, predicting favorable performance. However, RNDR's price performance remains mixed, with a need for substantial buying pressure to reach higher resistance levels.
Source: beincrypto.com ↗
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