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Will RNDR lead the AI-coin-market?
Intro:
I believe that there could be a case for RNDR outperforming many coins in the AI-market. I will mainly be comparing with FET and seing if there is a case to allocate more to RNDR if you were a FET investor. I am personally not invested in either coin; I just want to share part of my due dilligence.
Analysis:
I'm assuming most people wouldn't want to read an entire paragraph, so I'll explain with charts:
RNDR has bled on its FET pair, I do however see some strength in RNDR that stops it from bleeding further on it's FET pair (in the mid-term).
When I look at how RNDR has held after the recent drop in the crypto-market, I see that RNDR is showing more healthy price action, compared to FET:
RNDR price action:
FET Price action:
When I compare these coins on the 1H timeframe and look at their price in comparison, I see a stable bleed on FET on its RNDR pair:
FET has been doing much better than RNDR in good market environments, but it is showing weakness in difficult times, FET is entering a contraction, while RNDR is looking at another leg up
Conclusion (tl;dr)
I believe RNDR will do better than FET in the mid-term because FET is showing weaker price action, I see additional strength on RNDR on it's FET pair, which could flip the trend of their pair.
Let me know if you want me to analyse a specific market or any specific coin.
Do you agree with my conclusion? Why yes/no? Let me know in the comments
Stay safe
I believe that there could be a case for RNDR outperforming many coins in the AI-market. I will mainly be comparing with FET and seing if there is a case to allocate more to RNDR if you were a FET investor. I am personally not invested in either coin; I just want to share part of my due dilligence.
Analysis:
I'm assuming most people wouldn't want to read an entire paragraph, so I'll explain with charts:
RNDR has bled on its FET pair, I do however see some strength in RNDR that stops it from bleeding further on it's FET pair (in the mid-term).
When I look at how RNDR has held after the recent drop in the crypto-market, I see that RNDR is showing more healthy price action, compared to FET:
RNDR price action:
FET Price action:
When I compare these coins on the 1H timeframe and look at their price in comparison, I see a stable bleed on FET on its RNDR pair:
FET has been doing much better than RNDR in good market environments, but it is showing weakness in difficult times, FET is entering a contraction, while RNDR is looking at another leg up
Conclusion (tl;dr)
I believe RNDR will do better than FET in the mid-term because FET is showing weaker price action, I see additional strength on RNDR on it's FET pair, which could flip the trend of their pair.
Let me know if you want me to analyse a specific market or any specific coin.
Do you agree with my conclusion? Why yes/no? Let me know in the comments
Stay safe
Not
FET underperforms RNDR as I wrote this, nice!Let's see how it plays out
Not
Fet still underperforms RNDR
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Telegram:
t.me/ikkeomarfree
I can also pass funded accounts for you!
$50,000 accounts
Just dm my Telegram @IkkeOmar
İlgili yayınlar
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.
Join my community where i share signals and my secret algos:
Telegram:
t.me/ikkeomarfree
I can also pass funded accounts for you!
$50,000 accounts
Just dm my Telegram @IkkeOmar
Telegram:
t.me/ikkeomarfree
I can also pass funded accounts for you!
$50,000 accounts
Just dm my Telegram @IkkeOmar
İlgili yayınlar
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.