A friend just asked me: “Render Network’s BME protocol revenue is 4.9 times its usual level. Does that mean $RENDER is due for a price increase?”
Here’s what I said: More revenue is a good thing, but a token’s price isn’t determined by a single number. $80,000 in 24 hours is certainly a lot more than the usual $16,000, but a single day’s data could be driven by a one-off event. I’d personally watch it for a few more days before making a judgment.
Markets involve risk, so trade with caution.
Here’s what I said: More revenue is a good thing, but a token’s price isn’t determined by a single number. $80,000 in 24 hours is certainly a lot more than the usual $16,000, but a single day’s data could be driven by a one-off event. I’d personally watch it for a few more days before making a judgment.
Markets involve risk, so trade with caution.