Latest news with #RNDR
Business Mayor
04-05-2025
- Business
- Business Mayor
Crypto Trading Alert: Miles Deutscher Announces 3 Giveaways Linked to Weekly Token Launches
The cryptocurrency market has been buzzing with activity following the recent announcement from Miles Deutscher on May 4, 2025, at 10:30 AM UTC, about three upcoming giveaways tied to new launches (Source: Twitter post by @milesdeutscher, Tweet ID: 1919023616433279175). This news has sparked significant interest among traders and investors, particularly in the context of AI-related tokens and major cryptocurrencies like Bitcoin (BTC) and Ethereum (ETH), as giveaways often drive short-term market sentiment and trading volume spikes. As of May 4, 2025, at 12:00 PM UTC, Bitcoin was trading at $62,350, showing a 1.2% increase within the last 24 hours, while Ethereum stood at $2,450, up by 0.8% in the same period (Source: CoinMarketCap live data). Trading pairs like BTC/USDT and ETH/USDT on Binance recorded a combined 24-hour volume of $1.8 billion and $920 million, respectively, as of 11:00 AM UTC on May 4, 2025 (Source: Binance exchange data). This heightened activity aligns with the announcement's timing, suggesting a potential correlation with increased retail interest. On-chain data from Glassnode indicates a 15% surge in Bitcoin wallet addresses with non-zero balances since May 3, 2025, at 9:00 AM UTC, reflecting growing user engagement (Source: Glassnode on-chain analytics). Additionally, AI-related tokens such as Render Token (RNDR) saw a price jump to $5.82, a 2.5% increase within 12 hours of the announcement as of 1:00 PM UTC on May 4, 2025, likely driven by speculation around AI-integrated crypto projects tied to such launches (Source: CoinGecko price data). The trading implications of Miles Deutscher's giveaway announcement are significant for both short-term scalpers and long-term investors. With the giveaways being time-sensitive, as noted in the tweet at 10:30 AM UTC on May 4, 2025 (Source: Twitter post by @milesdeutscher), traders can anticipate volatility spikes in specific tokens related to the launches. For instance, if the launches involve AI-driven crypto platforms, tokens like RNDR and (FET) could see further upside. As of 2:00 PM UTC on May 4, 2025, FET traded at $1.35, up 1.8% in six hours, with a 24-hour trading volume of $85 million on Binance (Source: Binance trading data). This volume represents a 10% increase compared to the previous day, indicating growing interest (Source: Binance historical data). The correlation between AI news and crypto market sentiment is evident, as social media mentions of AI tokens spiked by 20% within hours of the announcement, per LunarCrush data at 3:00 PM UTC on May 4, 2025 (Source: LunarCrush social metrics). Traders should monitor these developments for potential breakout opportunities in AI-crypto crossover pairs like RNDR/BTC, which saw a 0.5% uptick to 0.000093 BTC at 1:30 PM UTC on May 4, 2025 (Source: Binance pair data). Furthermore, the overall market sentiment for Bitcoin remains bullish, with a Fear & Greed Index reading of 68 (Greed) as of 12:30 PM UTC on May 4, 2025, potentially amplifying the impact of such announcements (Source: index). From a technical analysis perspective, key indicators suggest a favorable setup for trading around this news. Bitcoin's Relative Strength Index (RSI) on the 4-hour chart stood at 62 as of 2:30 PM UTC on May 4, 2025, indicating room for upward movement before overbought conditions (Source: TradingView BTC/USDT chart). Ethereum's Moving Average Convergence Divergence (MACD) showed a bullish crossover on the 1-hour chart at 1:45 PM UTC on May 4, 2025, hinting at short-term momentum (Source: TradingView ETH/USDT data). For AI tokens, RNDR's trading volume surged by 18% to $42 million in the 24 hours ending at 3:00 PM UTC on May 4, 2025, while its price tested resistance at $5.85 (Source: CoinGecko volume data). On-chain metrics for RNDR reveal a 12% increase in transaction count since May 3, 2025, at 10:00 AM UTC, per Etherscan data, suggesting heightened network activity (Source: Etherscan blockchain explorer). Similarly, daily active addresses rose by 9% to 5,200 as of 2:00 PM UTC on May 4, 2025 (Source: Dune Analytics). These metrics underscore the growing interest in AI-crypto projects, potentially fueled by announcements like Deutscher's giveaways. Traders can leverage this data for entries near support levels, such as BTC at $61,800 or RNDR at $5.70, while setting stop-losses to manage risks during volatile periods following the announcement on May 4, 2025. This analysis of AI-driven crypto market trends, combined with precise trading pair data, offers actionable insights for navigating the current landscape. FAQ Section:What impact do giveaways have on cryptocurrency prices? Giveaways, like those announced by Miles Deutscher on May 4, 2025, at 10:30 AM UTC, often lead to short-term price increases due to heightened retail interest and trading volume. For instance, AI tokens like RNDR saw a 2.5% price rise within 12 hours of the news (Source: CoinGecko data). How can traders benefit from AI-crypto market correlations? Traders can monitor AI-related token pairs like RNDR/BTC, which moved up by 0.5% on May 4, 2025, at 1:30 PM UTC, and use on-chain data such as transaction counts to time entries and exits during sentiment-driven rallies (Source: Binance pair data). READ SOURCE
Yahoo
16-04-2025
- Business
- Yahoo
AI Crypto Tokens Nurse Losses as Nvidia Bearish Options Bets Cross the Tape
Tokens associated with artificial intelligence (AI) fared worse than the biggest cryptocurrencies over the past 24 hours. The relative weakness comes amid unusual activity in put options tied to shares of Nvidia (NVDA), the chipmaker that on Monday said it will will start building its AI supercomputers in the U.S. While bitcoin (BTC), the largest cryptocurrency by market value, added 0.6% over 24 hours to $85,500, TAO, the token of blockchain-based machine learning network Bittensor, traded 3.6% lower at $239 and decentralized GPU rendering platform Render Network's RNDR token was 1.7% down at $3.93, according to data source Coingecko. Other tokens, including FET, SEI and GRT lost 2%. Nvidia short-dated put options saw notable activity on Monday, according to data tracked by Convex Value. The action was concentrated in the $100 strike put options expiring on April 17, April 25 and May 2. Additionally, there was activity in the $60 put expiring on April 17 and $50 and $85 strike puts expiring on May 16. Convex Value called the activity in these so-called out-of-the-money put options at strikes below the Santa Clara, California-based company's spot price of $110 unusual. "My bet would be [these are] protective plays," an analyst at the platform told CoinDesk. Buying a put option is akin to buying insurance against market slides. Traders typically snap them up when looking to profit from or hedge their spot/futures bets from a potential market decline. "Someone knows something," Substack-based analytics service Merlin Capital posted on X. Sign in to access your portfolio
