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Highlights
- Robinhood enhances trade offerings with RENDER listing.
- The listing ignited bullish market sentiments over the coin's future price trajectory.
- RENDER price was up roughly 2% in light of Robinhood's listing announcement.
Robinhood Crypto EU, a digital assets trading platform, sparked noteworthy market optimism for the AI token Render Network on Friday. As the trading platform revealed listing for RENDER, bullish market sentiments enveloped the digital asset’s long-term prospects. Simultaneously, the AI coin’s price soared over 2% in the past 24 hours, further solidifying optimism over future movements in light of the listing announcement.
Robinhood EU Lists Render Network Igniting Bullish Market Sentiments
In an official X post dated October 11, Robinhood Crypto EU revealed that Render Network is available for trading starting today. The trading platform unveils its new batch of assets, showing that RENDER trading is now supported for EU users.
The announcement has promptly gained significant traction across the broader crypto market, paving the way for increased money inflow for the AI token. Notably, as one of the top crypto exchanges offers support to the AI coin, market watchers anticipate a bullish impact on price ahead.
Render Network is a decentralized GPU rendering platform offering users the leverage of unused computational power and the ability to rent it to other users across the ecosystem. RENDER is the ecosystem’s utility token and is used for node operator payments for GPU power renting.
AI Coin’s Price Soars
Simultaneously, RENDER price noted a remarkable 2% uptick in the past 24 hours and is currently sitting at $5.25. Its intraday low and high were recorded as $4.91 and $5.24, respectively. Today’s upswing falls in line with Robinhood’s listing announcement, as enhanced regional offerings magnetize users. This phenomenon, bringing additional buying pressure to the asset, could propel a rally to $10 ahead.
Moreover, Coinglass data pointed out a 5% increase in the AI coin’s futures OI to $60.95 million today. Also, the derivatives volume jumped nearly 8% to $79.37 million, underscoring increased investor interest in the asset. Coupled with the coin’s recent price upswing, data hints that the coin currently rides bullish waves and is on an uptrend. Altogether, market watchers anticipate further gains ahead in light of the coin’s listing. Meanwhile, it’s also worth noting that the abovementioned trading platform also listed Optimism (OP) recently, igniting bullish sentiments on the token as well.
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