This Render (RNDR) Rival Sold Out Presale in 2 Days – ALGT Might Grow 265%

Kenetic Capital’s news of depositing $20 million worth of Render (RNDR) tokens on Binance shook the entire crypto world. Consequently, Render prices fell after reaching a price level of $5.2 at the end of December to $3.37 in January. RNDR further declined before recovering at the support level of $4.28 on February 6.

On February 14, the RNDR price dropped to $4.98, at which point selling pressure again is observed. Analysts are speculative about the future trend of RNDR as the withdrawal of a Kenetic Capital has badly undermined market confidence. If no new long-term buyers show up, there may be more drops ahead. 

Render Struggling due to Kinetic Capital’s deposit of $20 million worth of tokens

Data from Spot On Chain shows that Kenetic Capital deposited its holdings into Binance, totaling 4.1 million RNDR, or roughly $20.4 million. Before this, Kenetic Capital held the title of greatest institutional RNDR holder, having deposited $32.5 million worth of 6.6 million RNDR onto centralized exchanges. 

Kenetic Capital is reported to have gained $15.95 million from the sell-off of RNDR. In 2021, the company deposited $3.92 million worth of RNDR to Huobi at an average price of $1.216 and purchased $18 million worth of RNDR at an average price of $3.76 from HTX and Binance.

Kenetic Capital’s large sell-off has sparked concerns about Render’s potential for future strength hence undermining investor confidence. The effect of this decision on Render’s future price charts is a hot topic of discussion in the crypto community as investors keep a careful eye on the possible fluctuations. 

Algotech Appears as a Major Opportunity for Early Investors

Algotech, the powerhouse behind the ALGT token, has emerged as a standout force in the

AI domain. The algorithmic trading platform leverages advanced machine learning to

empower traders. Drawing parallels with game-changer projects, Algotech has strategically emerged as a significant competitor for Render (RNDR).

The project has managed to surpass all expectations with a mind-blowing $1.1 million

private sale within two days. Market insiders estimate that its value is predicted to reach an all-time high of $0.15 before it gets listed on more exchanges, indicating a significant rise in early investment profit of 265%. 

With Rendor’s rising speculations, early investors prefer Algotech because of its

massive upside potential. The ERC-20 coin has deflationary tokenomics that promises

governance rights and profit shares for community members.

Comparing Algotech vs. Render 

Algotech’s phenomenal tokenomics are a key factor in making it a better choice than

Render (RNDR). The project is expected to include a suite of cutting-edge trading features,

including breakout trading, hedging, and arbitrage identification. 

Given the impressive growth of the project, the project is expected to grow significantly beyond its current presale price of $0.04. According to leading analysts, this makes Algotech (ALGT) the ideal project for investors looking for high returns. 

Visit Algotech Presale

Join The Algotech Community

Disclaimer. This is a press release. Readers should do their own due diligence before taking any actions related to the promoted company or any of its affiliates or services. Cryptopolitan.com is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in the press release.

Share link:

Most read

Loading Most Read articles...

Stay on top of crypto news, get daily updates in your inbox

Related News

Subscribe to CryptoPolitan