The AI crypto boom appears to be losing steam, with tokens like Fetch.ai (FET) and Render (RENDER) experiencing notable declines. Once market favorites during the AI frenzy, both coins are struggling to maintain their momentum. Meanwhile, Lunex Network is thriving, defying market trends with its innovative features and steady rally. As investor confidence shifts, Lunex Network emerges as a new frontrunner, capturing attention with robust presale performance and unique trading solutions.
Fetch.ai is trading at $1.88 after a 5.65% intraday decrease. Fetch.ai's trading volume has risen by 45.76%, indicating strong buying interest. If the price surpasses the next target of $2.230, it could trigger a significant rally toward $3. However, if selling pressure builds, the price might fall toward the $1.050 support level under bearish conditions.
Meanwhile, Fetch.ai's machine learning protocol has achieved impressive gains this year, even before the broader crypto bull market began. Over the past month, Fetch.ai's price has delivered a 50% return, adding to a total increase of over 300% for 2024.
Fetch.ai is gaining further momentum with plans to burn a portion of its token supply. The protocol will use a share of its revenue for buyback and burn events to create a deflationary effect. This strategy aims to support the FET price by reducing the total supply of tokens over time.
Render's GPU distribution protocol gained immense popularity during the AI boom. Early in 2024, Render's price surged by over 300% as users sought reliable computing power for AI applications. However, as AI demand cooled and new computing power sources emerged, Render's price retraced much of its earlier gains. Now, Render is experiencing a resurgence, achieving over 100% growth during the current bull cycle. Analysts predict Render's price will continue to fluctuate with the demand for AI computing power.
In other news, Render recently integrated with Autodesk's Arnold Render, a move expected to drive widespread adoption within its growing real-world asset (RWA) ecosystem. Throughout December, Render is also hosting daily prize giveaways of up to $1,750, encouraging users to utilize its platform for rendering generative AI creations.
Lunex Network is a DeFi protocol offering access to over 50,000 cryptocurrencies on 40 + blockchains. The platform utilizes a non-custodial system, where users have control over their assets, unlike conventional decentralized exchanges. This allows secure and easy trading without relying on third-party wallets like MetaMask or Trust Wallet.
The platform appeals to traders seeking efficiency and independence with its high security and low transaction fees. Lunex Network also offers a sophisticated portfolio tracker, enabling users to manage cryptocurrencies alongside bonds, shares, and ETFs. This makes it a comprehensive solution for diverse investors.
Lunex Network's presale has gained significant traction, raising nearly $5 million during its ongoing presale. Lunex Network's presale has sold more than 2.2 billion $LNEX tokens in a matter of weeks. Early investors who purchased at $0.0012 have made returns of over 217%. Analysts anticipate a 500% gain by year-end, making the $0.0038 price attractive.
While Fetch.ai and Render are experiencing impressive rallies, Lunex Network is quietly establishing itself as a major player in DeFi. The platform's innovative architecture, low fees, and access to an extensive range of cryptocurrencies are redefining decentralized trading.
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