Bitget App
Trade smarter
Buy cryptoMarketsTradeFuturesCopyBotsEarn
Injective (INJ) and Render (RNDR) lead the altcoin charge once again

Injective (INJ) and Render (RNDR) lead the altcoin charge once again

CryptodailyCryptodaily2023/11/30 18:36
By:Laurie Dunn

Table of Contents

  • Injective Protocol breaks out
  • Render prepares for big move

When altcoins start moving, Injective (INJ) and Render (RNDR) are normally among the front runners. $INJ is up 7% and $RNDR is up 5% already on Thursday morning.

As the crypto bull market starts to take shape there is now a fairly familiar look to altcoins that are leading the next wave of gains. Among these are Injective and Render.

Injective Protocol breaks out

Injective Protocol is a fast layer 1 blockchain built for the next era of finance. Many finance dApps have chosen to build on Injective which currently hosts financial applications such as an oracle, derivatives, options, smart contracts, order book, savings, and lending.

With developers from across the globe building out the Injective ecosystem, the community is growing fast. 

Injective (INJ) and Render (RNDR) lead the altcoin charge once again image 0

Source: Trading View

$INJ broke out early on Thursday and has come against resistance just short of $18. With a new high to be made at $19, many wouldn’t bet against $INJ achieving this, perhaps by the end of today. A measured move for the bull flag is at $26.

Render prepares for big move

$RNDR is another incredible use case for crypto. With the potential to render the graphics for the future metaverses, and perhaps much of the internet, $RNDR is one to watch.

Injective (INJ) and Render (RNDR) lead the altcoin charge once again image 1

Source: Trading View

$RNDR is still inside its own bull flag, having just touched the top. It still remains to be seen if there is enough momentum to break out this time. Perhaps bitcoin will be required to make a move first? If or when $RNDR does break out of the flag, a measured move could take the price to $4.80.

Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

0

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

PoolX: Locked for new tokens.
APR up to 10%. Always on, always get airdrop.
Lock now!

You may also like

1MCHEEMSUSDT now launched for futures trading and trading bots

Bitget has launched 1MCHEEMSUSDT for futures trading with a maximum leverage of 20, along with support for futures trading bots, on November 25, 2024 (UTC+8). Welcome to try futures trading via our official website (www.bitget.com) or Bitget APP. 1MCHEEMSUSDT-M perpetual futures: Parameters Details

Bitget Announcement2024/11/25 09:01

Token listing: Instantly buy/sell BTC with EUR & BRL via cash conversion!

Bitget users can now instantly buy or sell BTC with EUR or BRL balances via cash conversion! Buy/Sell Crypto Tips: Enjoy a transaction fee rebate in USDT on your first cash conversion transaction! Additional perks >>> Flash Monday: Buy crypto with a credit/debit card for zero fees >>> Flash Thursda

Bitget Announcement2024/11/25 08:12