BlockDAG's Presale Nears $50M Amid an Influx of Influencer Backing; RNDR's Potential Breakout as Injective (INJ) Price Drops

Render Token (RNDR) is gaining attention with analysts predicting a potential breakout to $20, while the Injective (INJ) price aims to recover from recent losses and rise to $35

Render Token (RNDR) is catching the attention of analysts, who predict a potential breakout to $20. This would mark a significant price increase for RNDR, which is currently trading at $10.36. With 2x gains in sight, RNDR could be poised for a strong rally.

Render uses blockchain technology to provide GPU-based decentralized solutions for rendering, making it a unique project in the crypto space. The Render Network aims to revolutionize the rendering industry by connecting artists and studios with distributed GPU capacity. Currently, RNDR liquidity appears weak, with a market cap-to- volume ratio of 3.97%. However, the total number of RNDR holders has surged recently.

According to the latest data, over 110,000 wallets now hold RNDR, showcasing growing interest in the token. This increase in holders could contribute to売pressure on the price, especially if demand remains high.

Moreover, RNDR price structure and market indicators also showcase positive signs. At press time, RNDR was trading at $10.36, and its technical indicators suggest a potential bullish breakout. If RNDR sustains its current trajectory, it could reach new all-time highs, potentially hitting the $20 mark. However, failure to break the upper boundary could see the price retreat to lower levels.

RNDR price analysis reveals a bullish engulfing candle at a crucial support level, setting the stage for a potential reversal. If the price breaks the upper boundary and sustains it, we can expect a continuation of the uptrend, targeting $15 and $20 levels. Conversely, if the price fails to break the upper boundary and encounters selling pressure, it could slide back to the lower boundary at $8 or even the support floor at $5.

Injective (INJ) aims to recover from recent price drops

After experiencing a price decline, Injective (INJ) is setting its sights on recovering recent losses. Currently trading at $28, INJ aims to climb back to $35 to reclaim its previous gains. The MACD indicator showcases a bullish crossover, suggesting a positive trend.

Additionally, the number of deposits on exchanges by INJ investors has consistently declined, indicating that holders are opting to HODL rather than sell. This behavior suggests a bullish sentiment among INJ holders.

The Injective’s price is preparing to break out of a multi-week resistance, supported by its holders. This trend is reflected in the declining active deposits since December 2023, showcasing investor confidence. If Injective can breach the $28 and $30 resistance levels, it could trigger a rally back to $35, marking a 22% rise. However, failure to break these levels could result in a fallback to $21, the support floor.

Crypto analyst praises BlockDAG’s Keynote 2

BlockDAG has witnessed an exceptional growth in its presale, largely attributed to a major influencer’s endorsement. With millions in daily presale earnings, BlockDAG is poised to become a key player in the crypto market. The influencer highlighted BlockDAG’s innovative technology and their recently launched Keynote 2, which detailed the project’s ambitious goals and technological advancements.

Crypto Trainer, a well-known influencer in the crypto space, reviewed BlockDAG in his video that has garnered significant interest from crypto enthusiasts. Trainer highlighted BlockDAG’s unique approach, combining proof-of-work consensus with directed acyclic graph (DAG) technology, offering both security and scalability. He emphasized the project’s transparency and the significant milestones outlined in Keynote 2, including the upcoming mainnet launch and the low-code, no-code features for decentralized application development.

In his video, Crypto Trainer also provided an update about BlockDAG and their Keynote 2. He noted that BlockDAG has been making significant progress, not only in terms of its increasing price but also its ambitious goals. The project aims to launch its mainnet soon, marking a major milestone, and is focused on expanding its entire ecosystem. Trainer emphasized that BlockDAG is not a temporary project; it has been featured in Forbes and Bloomberg and is backed by prominent figures in the crypto space.

The presale is progressing rapidly, with BlockDAG raising over $49.9 million so far and selling more than 7,600 miners. The introduction of new payment methods and the accelerated mainnet launch have further fueled investor interest. BlockDAG’s transparent approach, with over 45 development updates available on its website, has also boosted investor confidence.

BlockDAG leads the crypto race

BlockDAG’s impressive presale, which has already raised over $49.9 million, sets it apart from its competitors. While RNDR price prediction shows potential for significant gains and Injective is on a recovery path, BlockDAG’s daily presale success and innovative technology make it the best crypto right now. With strategic advancements and a solid roadmap, Block

News source：https://www.kdj.com/cryptocurrencies-news/articles/blockdag-presale-nears-m-influx-influencer-rndr-potential-breakout-injective-inj-price-drops.html

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