Cryptocurrency Market Plunges Over 5% in One Day

17 views 2:19 pm 0 Comments May 17, 2024

Benzinga – by Benzinga Insights, Benzinga Staff Writer.

In the last 24 hours, the price of Render’s (CRYPTO: RNDR) has dropped by 5.23% to $7.6, extending its negative trend observed over the past week with a 15.0% decrease from $9.11 to its current value.

The following chart illustrates the price fluctuations and volatility of Render in the past 24 hours (left) compared to the movement over the last week (right). Bollinger Bands, depicted by the gray bands, indicate the volatility in both the daily and weekly price changes. A wider band or a larger gray area signifies increased volatility.

Furthermore, the trading volume for the coin has surged by 80.0% in the past week, while the circulating supply has risen by 0.64% to exceed 384.36 million, constituting approximately 72.24% of its maximum supply of 532.07 million. Currently, RNDR holds the #38 position in terms of market cap, standing at $2.93 billion.

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