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Render (RNDR) Price Strengthens, Yet Challenges Remain

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Render (RNDR) price has surged by 26% over the last week, establishing it as a key player in the booming crypto AI sector. However, despite this strong price growth, RNDR is lagging behind its top competitors in critical metrics like social dominance and trading volume. Tokens such as FET, TAO, and WLD have captured more market attention, raising questions about RNDR’s long-term momentum.

Indicators, including the Bollinger Bands Trend and Global In/Out of the Money, signal that RNDR may face significant resistance ahead. As the coin’s upward momentum begins to cool, the next few weeks will be crucial for RNDR’s price.

Is RNDR Being Left Behind In the Crypto AI Race?

RNDR has solidified its position as one of the most prominent players in the crypto AI space, riding on the wave of increased interest in artificial intelligence coins. Over the last seven days, RNDR’s price has seen an impressive 26% increase, reflecting strong market demand. However, when placed alongside the top five AI coins, the picture becomes more complex.

Despite its ranking as the third-largest AI token by market cap, RNDR ranks only fourth in terms of social dominance. That suggests it’s not garnering the same level of attention or hype as some of its competitors. Players like FET, TAO, and WLD have captured more of the public’s focus, leaving RNDR to compete for visibility, only outperforming AKT in terms of attention.

Top 5 AI Coins and their Social Dominance (Moving Average, 7 Days).
Top 5 AI Coins and their Social Dominance (Moving Average, 7 Days). Source: Santiment.

This underperformance in social dominance aligns with its relative price growth. Over the past month, RNDR has risen by 19%, a respectable gain but still lagging significantly behind FET (up 39.84%), TAO (up 81.52%), and WLD (up 37.27%).

Once again, RNDR only outpaces AKT, which trails behind the rest. The same trend can be observed when looking at trading volume.

Read More: Render Token (RNDR) Price Prediction 2024/2025/2030

While RNDR attracted $2.25 billion in trading volume last month, this figure is notably lower than that of FET, TAO, and WLD. This suggests that the broader market interest and liquidity are flowing more heavily toward its competitors.

Top 5 AI Coins Price Metrics.
Top 5 AI Coins Price Metrics. Source: Messari.

These dynamics indicate that while RNDR is undeniably a key player in the AI and crypto segment, it is struggling to maintain momentum against its fiercest rivals. This disparity in social engagement, price performance, and volume could signal potential headwinds for RNDR price in the near future.

Without a significant uptick in market attention or renewed catalysts to drive interest, RNDR’s current underperformance relative to its competitors might dampen its price trajectory in the weeks to come. In a market as sentiment-driven as crypto, the ability to capture attention is crucial. RNDR’s comparative lack of visibility could hinder its long-term performance despite its possible solid fundamentals.

RNDR Bollinger Bands Trend Could Be Cooling Off

The Bollinger Bands Trend (BBTrend) for RNDR has remained positive for the last six days, rising sharply from 0.36 to 18, mirroring its recent price growth.

Bollinger Bands Trend is a technical indicator used to measure market volatility and trend strength. It is based on the concept of Bollinger Bands, which plot two standard deviations away from a moving average.

When prices are consistently near the upper band, it suggests a strong bullish trend. However, a move toward the lower band can indicate potential bearishness.

The BBTrend specifically looks at how the bands are expanding or contracting to signal whether volatility is increasing or decreasing, which often hints at potential price movements.

Bollinger Bands Trend.
RNDR Bollinger Bands Trend. Source: TradingView.

While the BBTrend has shown positive growth recently and is still positive, around 12, it has started to decline in the last few days. This drop in the indicator could be a warning sign that the upward momentum might be slowing down.

If the BBTrend continues to decrease, it may suggest a potential shift in the current price trend. This shift may signal a reversal or consolidation period for RNDR.

On the other hand, if the BBTrend recovers and turns back upward, it could reinforce the bullish momentum. This shift may lead to further price gains. The coming days will be crucial in determining whether RNDR can maintain its positive trend.

RNDR Price Prediction: Correction Ahead?

The RNDR Global In/Out of the Money (GIOM) indicator reveals strong resistance levels ahead, particularly in the $6.72 to $8 range. This range indicates that a significant number of RNDR holders purchased at these price levels. As a result, there could be potential selling pressure when the price approaches these points.

GIOM is a key metric that shows how many token holders are either “in the money” (holding tokens at a profit based on current prices) or “out of the money” (holding tokens at a loss). If RNDR can break through the $7 mark, it could potentially test higher levels at $8.03 and even $9.91.

Read More: How To Buy Render Token (RENDER) and Everything You Need To Know

RNDR Global In/Out of the Money.
RNDR Global In/Out of the Money. Source: IntoTheBlock.

When many holders are in the money at a certain price level, it often forms a resistance point, as they may sell to secure profits. Conversely, when a large portion of holders are out of the money at lower price levels, this forms support. That happens because fewer are willing to sell at a loss, limiting downward pressure.

On the downside, RNDR price support levels appear weaker. If the price drops to $6.03, it could retrace further, potentially sliding to $5.54 or even below $5. This suggests that RNDR has stronger barriers to overcome on the upside than it does on the downside.

Disclaimer

In line with the Trust Project guidelines, this price analysis article is for informational purposes only and should not be considered financial or investment advice. BeInCrypto is committed to accurate, unbiased reporting, but market conditions are subject to change without notice. Always conduct your own research and consult with a professional before making any financial decisions. Please note that our Terms and ConditionsPrivacy Policy, and Disclaimers have been updated.



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Bitcoin Mining Faces Tariff Challenges as Hashrate Hits New ATH

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The Bitcoin mining industry is becoming increasingly competitive as the network’s hashrate reaches an all-time high (ATH). At the end of March 2025, Bitcoin’s hashrate hit 850 million TH/s.

However, alongside this impressive growth, the industry is struggling with rising production costs and new tariff barriers, particularly in the US. These factors are putting significant pressure on mining companies and could reshape the sector’s future.

Hashrate Surges, Mining Costs Soar

Bitcoin’s hashrate measures the total computing power used by miners to secure the network and validate transactions. It is expressed in terahashes per second (TH/s), representing the number of hash calculations the network performs every second.

According to Blockchain.com, Bitcoin’s hashrate surpassed 850 million TH/s in March. This increase reflects a rise in miners joining the network and growing confidence in Bitcoin’s value and security.

Bitcoin Hashrate
Bitcoin Hashrate. Source: Blockchain.com

“Each time the network gets stronger, Bitcoin becomes harder to attack, harder to ignore, and more justified in commanding a higher valuation. This isn’t just code. It’s economic gravity. Bitcoin has become the most secure monetary network humanity has ever seen. And it’s only getting stronger.” — Thomas Jeegers, CFO & COO of Relai commented.

Despite this surge in hashrate, mining profits are not rising accordingly. According to a report from Macromicro, the cost of mining one Bitcoin has doubled since early 2024, now reaching $87,000. The main drivers behind this increase are rising electricity prices and the high operational costs of specialized mining hardware (ASICs).

With Bitcoin’s price fluctuating, many mining companies risk operating at a loss unless they optimize their efficiency. This challenge is particularly severe for smaller miners, who lack the scale advantages or access to cheap electricity that larger firms enjoy.

Tariff Challenges and Dependence on Chinese Hardware

Another major obstacle for Bitcoin miners is trade restrictions, particularly in the US. According to CoinMetrics, ASIC miners produced by Bitmain, a Chinese company, account for approximately 59%–76% of Bitcoin’s total hashrate.

Estimated Dominance by ASIC Mainer. Source: CoinMetrics.
Estimated Dominance by ASIC Mainer. Source: CoinMetrics.

Bitmain has long been a dominant player in mining hardware, with popular models like the Antminer S19 and S21 known for their high efficiency. However, in early 2025, some US mining companies experienced delays in receiving Bitmain shipments due to tighter customs controls and new tariffs on Chinese imports.

“With Bitmain accounting for a majority of Bitcoin’s network hashrate, reliance on a single manufacturer, despite having distributed supply chains, presents a potential risk. Since Bitmain is primarily based in China, its dominance highlights how geopolitical dependencies can affect the stability of mining operations,” CoinMetrics reported.

These tariffs are not new. According to SCMP, the US has imposed duties of up to 27.6% on imported mining equipment from China since 2018.

However, recent measures indicate increasing regulatory scrutiny and trade pressures, further raising import costs for mining hardware. This inflates operational expenses for US-based miners and disrupts supply chains, limiting their ability to scale as global hashrate rises.

Recently, Hut 8 Corp., a Bitcoin mining and high-performance computing infrastructure firm, partnered with Eric Trump and Donald Trump Jr. to establish American Bitcoin Corp.

The company aims to become the largest and most efficient pure-play Bitcoin mining operation globally while building a strong strategic Bitcoin reserve. This move highlights the increasing interest from US institutional investors in the competitive mining industry.

Disclaimer

In adherence to the Trust Project guidelines, BeInCrypto is committed to unbiased, transparent reporting. This news article aims to provide accurate, timely information. However, readers are advised to verify facts independently and consult with a professional before making any decisions based on this content. Please note that our Terms and ConditionsPrivacy Policy, and Disclaimers have been updated.



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3 Altcoins to Watch in the First Week of April 2025

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As the crypto market enters Q2 2025, both investors and traders are anticipating a shift from bearish to bullish momentum. This change is essential for altcoins to recover, as many are currently facing challenges in bouncing back. However, growth potential remains for select tokens in the short term.

BeInCrypto has analyzed three altcoins to watch closely as April begins, highlighting the catalysts that could influence their price movements.

THORChain (RUNE)

RUNE’s price is currently at $1.117, hovering just above the $1.110 support level. For a potential rebound, the altcoin needs to reclaim $1.198 as support. Investor sentiment will play a crucial role in whether this upward movement materializes, leading to possible gains for THORChain (RUNE).

THORChain’s 3.4.0 upgrade is scheduled to take place this week, bringing significant improvements to the network. The upgrade could drive positive market sentiment, helping RUNE reclaim $1.198 as support. This momentum may push RUNE towards $1.396, aiding in recovering recent losses and supporting continued price growth.

RUNE Price Analysis.
RUNE Price Analysis. Source: TradingView

If the support at $1.110 is broken, RUNE may fall to $1.021, pushing it closer to losing the critical $1.000 level. A failure to maintain support could signal a bearish trend, invalidating the bullish outlook. 

Artificial Superintelligence Alliance (FET)

FET price saw a 20% decline over the last five days, dropping to $0.452 after losing the support of $0.458. This decline puts the altcoin under pressure. However, the doors for potential recovery are open due to upcoming developments within the network.

The Artificial Superintelligence Alliance network is set for a mainnet upgrade this week, bringing new features to the ASI-1 Mini. This upgrade is expected to act as a catalyst for the price, pushing it toward the key resistance levels of $0.524 and $0.572 to recover recent losses.

FET Price Analysis.
FET Price Analysis. Source: TradingView

If the bearish trend continues, FET could fall further to $0.400, which would invalidate the bullish outlook and lead to extended losses. The price would need to hold above critical support levels to avoid deeper declines.

Ethereum (ETH)

Ethereum’s price is nearing a 17-month low of $1,745, following a 13.42% drop after failing to break through the $2,141 resistance. This recent price action suggests the altcoin king is struggling to regain momentum. The market conditions remain unfavorable for a quick recovery at this point.

Despite the current market downturn, Ethereum could see some recovery as investors look to capitalize on low prices. A short-term bounceback is possible if ETH successfully flips $1,862 into support, potentially pushing the price above $2,000. This would mark a significant recovery attempt from the recent drop.

ETH Price Analysis.
ETH Price Analysis. Source: TradingView

If bearish conditions continue, Ethereum’s price might fall below $1,745, testing the next support at $1,625. A failure to hold this level would invalidate the bullish outlook and open the door for further declines, extending the recent losses.

Disclaimer

In line with the Trust Project guidelines, this price analysis article is for informational purposes only and should not be considered financial or investment advice. BeInCrypto is committed to accurate, unbiased reporting, but market conditions are subject to change without notice. Always conduct your own research and consult with a professional before making any financial decisions. Please note that our Terms and ConditionsPrivacy Policy, and Disclaimers have been updated.



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Top Crypto Airdrops to Watch in the First Week of April

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As traders and investors anticipate the beginning of April and the onset of the second quarter (Q2) of 2025, crypto airdrops present an opportunity to join promising communities while they are still on the ground floor.

This week, three notable crypto airdrops stand out as worth watching.

Walrus

Walrus (WAL), a decentralized storage protocol on the Sui blockchain, launched its mainnet and token generation event (TGE) on March 27. The event coincided with South Korea’s Upbit exchange listing WAL.

The TGE saw Walrus distribute 4% of its 5 billion token supply via an airdrop. Eligible participants, including early Sui ecosystem users and testnet contributors, received Soulbound NFTs redeemable for WAL tokens. As April commences, 6% of Walrus tokens are reserved for future community rewards.

“At the moment 4% of the 10% tokens allocated for the airdrop have been distributed, so Walrus still has tokens to reward users,” Cryptorank.io noted.

WAL powers storage payments, staking, and governance, with listings on exchanges like Crypto.com and MEXC offering prize pools. The project’s airdrop comes after raising $140 million from Andreessen Horowitz, Standard Crypto, Electric Capital, and Comma3 Ventures, among others.

Meanwhile, Walrus’s market cap exceeds $573 million, reflecting strong adoption potential. Data on CoinGecko shows it was trading for $0.45 as of this writing.

Walrus (WAL) Price Performance
Walrus (WAL) Price Performance. Source: CoinGecko

Staking opportunities with validators like Mysten Labs or Nansen enhance rewards, but high commissions (up to 60%) apply. One of Walrus and Sui’s founders recently announced that users could stake WAL tokens to get airdrops. As this could mean airdrops from Walrus and projects from the Sui ecosystem, engaging with Sui dApps and testnets remains key for future allocations.

Nansen

The project has raised up to $88.2 million from investors such as Andreessen Horowitz, Coinbase Ventures, Accel, and Mechanism Capital, among others. Coupled with the fundraiser, Nansen has a valuation of $750 million.

Nansen, a leading blockchain analytics platform, confirmed an airdrop, drawing excitement due to its prominence and past reward patterns. The project launched a staking program and announced a point system in 2025.

“We’re excited to announce that we have acquired Stakewithus (SWU)! SWU is a non-custodial staking service provider with $80m+ staked by 30k+ users & supports 20+ chains You can now analyze data, monitor your portfolio, and stake assets in one place with Nansen,” read the announcement.

Users can stake assets (STRK and TRX), and points are expected to be credited retrospectively. Nansen also mentions the NSG token, so participants will most likely receive an airdrop for points.

Market participants should monitor Nansen’s social channels and partnerships for updates, as airdrops typically reward active users or data contributors.

With no token launched yet, any potential airdrop might tie into a future native token, likely incentivizing early adopters or premium subscribers. Given Nansen’s influence in the crypto space, tracking wallet activity and on-chain data, its airdrop could attract significant attention.

Participants should engage with its tools and stake in supported ecosystems to position themselves for unannounced opportunities.

OG Labs

This modular AI chain combines Layer-1 blockchain with decentralized AI, focusing on scalable Data Availability for AI applications.

The status of OG Labs airdrop stands confirmed, bringing forth an emerging player in the crypto space. This makes it a speculative target for market participants. It boasts up to $325 million in funds raised from investors such as Delphi Ventures, Hack VC, Animoca Brands, and OKX Ventures, among others.

The airdrop is potentially tied to Web3 innovation or NFT ecosystems (given the “OG” moniker). It follows models like Walrus, rewarding early testers or community members.

“There are new activities on the OG test network – we can request test tokens and make swaps,” Cryptorank.io noted.

The OG Labs airdrop requires no investment. Users can engage through OG Labs’ Newton Testnet, which tests-core functionalities like decentralized storage, consensus, and data availability services. Participants must complete at least 20 transactions, stay active for three days, and interact with features like swaps, storage scans, and NFT minting.

“Interact with the OG Labs Testnet and Become Eligible for the Airdrop,” crypto researcher Guatamgg stated.

Additionally, users can boost eligibility by taking Discord roles such as OGurus or OG Role. These activities involve community contributions and verification steps. This airdrop targets active ecosystem participants, aligning with OG Labs’ emphasis on community-driven development.

Disclaimer

In adherence to the Trust Project guidelines, BeInCrypto is committed to unbiased, transparent reporting. This news article aims to provide accurate, timely information. However, readers are advised to verify facts independently and consult with a professional before making any decisions based on this content. Please note that our Terms and ConditionsPrivacy Policy, and Disclaimers have been updated.



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