OpenAI’s SORA ignited the AI sector in various markets last week. Yesterday, NVDA announced its fourth-quarter financial report. The profit exceeded expectations, and the AI sector in the crypto market rose again.
What we are talking about today is RNDR. This project is a Depin concept project established in 2016, specifically a decentralized GPU solution. There is no direct relationship like WLD and OpenAI. RNDR's strong performance is based on the same GPU business as Nvidia. Although there is currently no RWA business benchmarking US stocks, activist investors like to look for opportunities in tokens in related industries, just like WLD.
However, as one of Alameda Research's investment projects, RNDR also has certain risks. The current M.Cap of RNDR is US$2.926b, ranking second in the AI category announced by CMC.
From a technical analysis perspective, RNDR remains in a strong, bullish trend. As early as September 24, 2023, the TSB indicator prompted a BUY signal, and on January 18, 2024, a SELL signal appeared during the fluctuation, with the gains increasing by 167.05%, almost remaining above the wavy area of the indicator during the period. After the fluctuation ended, RNDR started its second round of rise again, while the TSB indicator prompted a BUY signal on February 4, with the current increase being 65%.
Introduction to indicators:
Trend Sentinel Barrier (TSB) is a trend indicator, using AI algorithm to calculate the cumulative trading volume of bulls and bears, identify trend direction and opportunities, and calculate short-term average cost in combination with changes of turnover ratio in multi-period trends, so as to grasp the profit from the trend more effectively without being cheated.
KDMM (KD Momentum Matrix) is not only a momentum indicator, but also a short-term indicator. It divides the movement of the candle into long and short term trends, as well as bullish and bearish momentum. It identifies the points where the bullish and bearish momentum increases and weakens, and effectively capture profits.
Disclaimer: Nothing in the script constitutes investment advice. The script objectively expounded the market situation and should not be construed as an offer to sell or an invitation to buy any cryptocurrencies.
Any decisions made based on the information contained in the script are your sole responsibility. Any investments made or to be made shall be with your independent analyses based on your financial situation and objectives.
What we are talking about today is RNDR. This project is a Depin concept project established in 2016, specifically a decentralized GPU solution. There is no direct relationship like WLD and OpenAI. RNDR's strong performance is based on the same GPU business as Nvidia. Although there is currently no RWA business benchmarking US stocks, activist investors like to look for opportunities in tokens in related industries, just like WLD.
However, as one of Alameda Research's investment projects, RNDR also has certain risks. The current M.Cap of RNDR is US$2.926b, ranking second in the AI category announced by CMC.
From a technical analysis perspective, RNDR remains in a strong, bullish trend. As early as September 24, 2023, the TSB indicator prompted a BUY signal, and on January 18, 2024, a SELL signal appeared during the fluctuation, with the gains increasing by 167.05%, almost remaining above the wavy area of the indicator during the period. After the fluctuation ended, RNDR started its second round of rise again, while the TSB indicator prompted a BUY signal on February 4, with the current increase being 65%.
Introduction to indicators:
Trend Sentinel Barrier (TSB) is a trend indicator, using AI algorithm to calculate the cumulative trading volume of bulls and bears, identify trend direction and opportunities, and calculate short-term average cost in combination with changes of turnover ratio in multi-period trends, so as to grasp the profit from the trend more effectively without being cheated.
KDMM (KD Momentum Matrix) is not only a momentum indicator, but also a short-term indicator. It divides the movement of the candle into long and short term trends, as well as bullish and bearish momentum. It identifies the points where the bullish and bearish momentum increases and weakens, and effectively capture profits.
Disclaimer: Nothing in the script constitutes investment advice. The script objectively expounded the market situation and should not be construed as an offer to sell or an invitation to buy any cryptocurrencies.
Any decisions made based on the information contained in the script are your sole responsibility. Any investments made or to be made shall be with your independent analyses based on your financial situation and objectives.
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