• The RNDR token has seen a surge of more than 33% in the 24-hour timeframe thanks to Bitcoin’s (BTC) latest match above $30,000.
• RNDR is a utility token used by artists on the Render network to purchase GPU compute power from node operators on the platform.
• The global crypto market cap now stands at $1.23 trillion, representing a 6.65% increase over the last day according to CoinMarketCap.

RNDR Token Gains Over 30% in 24 Hours

The render (RNDR) token has emerged as one of the top gainers in the last 24 hours with altcoins showing green thanks to bitcoin’s (BTC) recent match above $30,000. As expected, bitcoin’s 8% increase in value is having a bullish effect on cryptocurrency markets with the global crypto market cap currently sitting at $1.23 trillion – up 6.65%.

What is RNDR?

RNDR is a utility token used by artists on the Render network to purchase GPU compute power from node operators on the platform. It is also distributed GPU rendering network based on Ethereum blockchain technology and its current price hovers around $2.40 representing a 33% increase over 24 hours with an impressive market capitalization of $875m and 24-hour trading volume of 248m according to CoinGecko data.

Uptrend Continues for Crypto Markets

As U.S banking crisis continues to deepen with First Republic Bank (FRC) being among those tipped for failure shortly, BTC resumed its upward push today surging as high as $30,036 which has had positive implications across all crypto markets but particularly altcoins which have seen some decent gains so far too as investors capitalize on these opportunities created by BTC’s strength and resilience against external pressures such as US Dollar inflation rates and government regulation issues amongst others factors that could affect its price stability going forward into 2021 and beyond..

Bitcoin Fear & Greed Index

The Bitcoin fear & greed index recently hit 56%, indicating that investors are becoming increasingly confident that this rally can be sustained despite any potential bumps along the way due to macroeconomic uncertainties or other external factors that may arise during this period of significant volatility experienced currently by cryptocurrency markets worldwide.

Conclusion

It appears that cryptocurrency markets continue their uptrend amid news about bitcoin soaring past new highs every day and altcoins following suit recording good gains overall even though there are still some concerns about potential regulatory clampdowns down or other external shocks such as USD inflation rates etc., however these seem to be overshadowed by investor confidence in digital assets now more than ever before leading many analysts predicting another bull run for 2021!