DePIN Projects Secure Over $20 Billion in Funding
- Market Valuation Growth: DePIN projects have reached a market cap of $20 billion by December 2024, driven by strategic partnerships and innovations in blockchain and fintech, indicating strong demand for decentralized infrastructure.
- Key Players: Major players like io.net, Render, and IoTeX leverage Ethereum and Solana blockchains to advance decentralized applications, with a projected market cap of $2.9 billion by 2026, highlighting the potential of decentralized GPU compute and IoT applications.
- Funding Dynamics: Render secured $47.24 million while io.net raised $40 million, reflecting strong investor confidence in decentralized computing's potential, which is driving market expansion and innovation.
- Industry Impact: Helium and IoTeX are rapidly expanding with over 962,000 hotspots and 40 million devices, significantly impacting their respective industries, indicating that decentralized infrastructure is reshaping market dynamics.
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Technical Analysis for RENDER
Technical Sentiment Analysis for Render (RENDER). As of , Render (RENDER) is exhibiting a Neutral technical sentiment. Our proprietary analysis, which aggregates 3 technical signals, shows that 1 indicators are flashing buy, while 2 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status. Currently, the Relative Strength Index (RSI) for RENDER stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the crypto.
Support, Resistance & Moving Averages. From a structural perspective, RENDER is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.
Render (RENDER) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 0.919 | 1.077 | 1.234 | 1.391 | 1.549 | 1.706 | 1.864 |
| Fibonacci | 1.077 | 1.197 | 1.271 | 1.391 | 1.512 | 1.586 | 1.706 |
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