Why $RNDR would soon be above $2 soon ?

$RNDR token has been in a downtrend after making a 10X move in 2023.

🔹The obvious reason for such a drop in price was increased number of selling after big gains which is expected.

🔹 $RNDR is slowly recovering from this phase after the accumulation numbers have started to improve from the bottom

🔹The price bounced from the golden pocket above ($1.3) which makes it a strong support for further gains.

Increasing use-cases , developments and market conditions going into 2024 make a strong case for $RNDR to return above $2 and possibly break the long term resistance above $2.7.

🔸Recent Updates from $RNDR : 📜

- The @rendernetworkis preparing to implement the Open Compute initiative passed in RNP-004, enabling AI/ML GPU workloads to be performed on the Render Network.

- $RNDR was featured in a article "Web3 Could Change the Business Model of Creative Work"
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