Render Soars 31% Ahead Of Listing In Binance Japan

The price of RNDR skyrocketed following the announcement of Binance Japan. (Photo; Doc. TheMarketPeriodical)

JAKARTA The Render Coin (RNDR), a protocol based on artificial intelligence (AI), recorded a sharp price increase. The increase was triggered by the announcement that Render would soon be listed on Japan's Binance. The plan, render's listing in Binance Japan will take place on November 27, along with 13 other crypto assets that are flagship altcoins.

The price of Render has risen more than 31.04% in the last 24 hours, hitting its highest level since 19 months ago. This upward trend is supported by a 111.46% spike in 24-hour trading volume, signaling high market interest that can maintain price increases.

The enthusiasm of Japan's Binance listing is very influential in encouraging this demand, as investors show an optimistic attitude according to the Crypto Greed and Fear index.

At the time of writing, RNDR is trading at the level of IDR 40,900 after the rally. Now the price of RNDR has fallen 3% in the last 24 hours. Meanwhile, within a week, RNDR's performance skyrocketed 30% based on CoinGecko data.

The important factor contributing to the current Render rally is community support for the RNP-007 Proposal. This proposal proposes FEMDL Innovation, a computational client and platform aimed at improving the development and monetization of large language models and other generative AI applications.

The overwhelming support for this proposal, as evidenced by the voting data from Snapshot.org, is a testament to community confidence in the potential of the Render.