Robinhood Crypto EU announced that Render Network (RENDER) trading is now live, leading to a 2% price increase and optimism about the token’s future, with market watchers eyeing a potential rise to $10.
Robinhood’s listing of RENDER sparked bullish sentiment around the AI token’s long-term prospects, contributing to the price increase over the past 24 hours. Render Network, a decentralized GPU rendering platform, allows users to rent out unused computational power, with RENDER serving as the utility token for payment within the ecosystem.
As of today, RENDER is trading at $5.25, following the Robinhood listing. This announcement has attracted increased investor interest, reflected in a 5% rise in open interest (OI) for RENDER futures and an 8% jump in derivatives volume. The listing has drawn significant attention from the crypto market, fueling speculation of further gains ahead, as the token continues to ride a bullish wave.
In addition to RENDER, Robinhood also recently listed Optimism (OP), generating similar positive market sentiments.
