Render Network’s utility coin, $RNDR, has recorded a notable increase in all the cryptocurrency market, witnessing an impressive surge of over 35% inside the last 24 hours. Also, presently holding the 51st spot in market capitalization, $RNDR is currently trading at $3.12 price range.
Notably, the major cause of this noteworthy price surge can be followed back to the new announcement of $RNDR’s listing on Binance Japan exchange. The listing is set to happen on November 27th. Of course, this particular move, alongside the inclusion of 12 other tokens, has generated enough vibe into $RNDR’s market action.
Other 12 More Tokens Listed On Binance Japan Exchange
— Binance Japan🇯🇵 (@_BinanceJapan) November 15, 2023
Also, among the significant tokens listed by Binance Japan are Hashgraph (HBAR), Near Protocol (NEAR), Optimism (OP), Immutable X (IMX). Furthermore, including Arbitrum (ARB), The Graph (GRT), Decentraland (MANA), EOS (EOS), and others. It’s important to note that the comprehensive list showcases the exchange’s vision to offer a diverse scope of digital assets to its users.
RNDR Surging Trading Volume
Expectedly, the effect of this listing is obvious in the impressive price surge. Also, it can be well seen in the soaring trading volume for $RNDR token. Notably, throughout the course of recent hours, the token has witnessed a staggering 361% increase in trading volume. This of course, translates into an impressive $377 million in valuation. As we already know, the surge in trading activity is characteristic of Increased investor interest. Which is fueled by the engagement in response to the Binance Japan listing.
Lastly, $RNDR’s market capitalization has surged by 37%, at present standing valuation at $1.17 billion. The combination of a strategic exchange listing and developing market demand has further places $RNDR as an essential player in the crypto space. This has led to the token being the centre of attraction for both traders and enthusiasts.
Disclosure: This is not trading or investment advice. Always do your research before buying any Metaverse crypto coins.