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The recent list of ‘contrarian’ predictions for the crypto space in 2024 by a crypto analyst, Altcoin Psycho, has made the crypto news, while Render (RNDR) and Borroe Finance ($ROE) show signs of whale interest.
Crypto Prediction or Mere Speculation
Each year, different individuals or publications observe the crypto space and give their predictions. Over the years, some of these predictions have played out, and some have proved to be mere speculations. Altcoin Psycho’s predictions, most of which go against many people’s expectations, can only be tested by time.
Among the predictions, one of the most credible has to be the prediction that AI crypto projects will continue to surge in price. In the analyst’s words, “Many are calling for the top in AI. But the AI run is just starting. AI-related tokens will outperform all else. We will see a lot of AI acquisitions from big web3 companies. Exchanges, wallets, protocols, etc.”
Many observers expect the predictions to fall, but some of these projections call for cryptocurrency players to stay prepared, be more observant, and remain security conscious.
While many are battling with disbelief of the predictions, some Whales might be taking advantage of the $ROE presale and keeping a firm HODL on their RNDR.
Render and the Recent Whale Deposits
Kinetic Capital recently deposited 500,000 RNDR, which is worth about $2.51 million, into Binance. The venture capital company currently holds about 5.6 million RNDR, making it the eighth-largest holder of the token. RNDR has a crypto market cap of $1,398,524,411.
According to reports, this is the second substantial transaction by Kinetic Capital, and the total amount of RNDR tokens deposited is 1 million, worth $4.89 million.
Render is a distributed graphics processing unit (GPU) rendering network that operates on the Ethereum blockchain. Render strives to connect those needing GPU compute power with mining partners willing to rent their GPU capabilities. RNDR is an ERC-20 utility token used on the Render network as a means of exchange between those who need GPU and the providers.
The price chart shows that RNDR has experienced more volatility recently, with a dip occurring when the above report was published. As of this writing, RNDR sold for $3.78 and is up $754.1% on its 1-year chart.
Whales Interested in $ROE?
In conversations about AI altcoins, there is a high probability of $ROE getting mentions despite still being in its presale phase. More reasons why this should happen keeps emerging. At first, it was the use case of the project. Borroe Finance redefines borrowing for Web3 creators through the instant funding model, giving them an alternative to traditional financiers for their funding needs. The Borroe project presents an AI-empowered ecosystem that houses a marketplace, is run by $ROE, and brings together Web3 creators, enthusiasts, and investors.
The Web3 creators needing upfront cash flow get to mint NFT, which will represent their future recurring incomes and earnings like subscriptions. These NFTs will then be sold at a discount on the marketplace. This way, the needed funds are quickly raised.
Another reason the $ROE presale is quickly becoming one of the viral token launches is the completed audit of the project’s smart contract by BlockAudit and the unveiled team members. Among these are Maxim Prishchepo and Michael Price, seasoned industry experts with a track record of excellence.
While other predictions by Altcoin Psycho might get observers wondering and preparing for the disruption that might follow if they came true, the one about AI-related cryptos might be the ‘prophecy’ many were hoping for.
After completing its beta phase in five days and going through the presale stages in record time, $ROE is currently in stage 4, completing over 80% of the stage in less than 48 hours, thanks to the demand. As of this writing, $ROE sold for $0.019 to climb to $0.02 by the next stage.
Learn more about Borroe Finance ($ROE) here:
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*This article was paid for. Cryptonomist did not write the article or test the platform.
