Today I looked at AI coins $RENDER and $ETH . The difference is that they both fell, but the drawdowns don’t track closely: RENDER fell 0.209%, while ETH fell 1.460%. At 14:50 Beijing time, over a rolling 24 hours.
More accurately, this time: RENDER followed the downward direction but did not follow ETH’s magnitude of the drop. If you understand “following the broader market” as both direction and magnitude being close, then this time it doesn’t count as fully following the broader market; however, relative outperformance against downside is only a performance within a certain window, and it can’t be written as already detached from the broader market.
Next time, remember to note both their positive/negative moves and their respective drop percentages, and verify whether RENDER continues to be clearly less than ETH.
More accurately, this time: RENDER followed the downward direction but did not follow ETH’s magnitude of the drop. If you understand “following the broader market” as both direction and magnitude being close, then this time it doesn’t count as fully following the broader market; however, relative outperformance against downside is only a performance within a certain window, and it can’t be written as already detached from the broader market.
Next time, remember to note both their positive/negative moves and their respective drop percentages, and verify whether RENDER continues to be clearly less than ETH.