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When we talk about which cryptos to keep an eye on, Bitcoin (BTC) takes center stage by default. It’s always the first and go-to choice for every investor and trader. You can even buy Bitcoin for as little as ₹100. Yes, that’s true. For detailed information, click here. Over the weekend, this crypto has recorded impressive gains.
The overall crypto market has also been green this weekend, and the global crypto market cap grew to $2.50 trillion on May 06th. Worldcoin (WLD), Render (RNDR), and Pepe (PEPE) were the star performers, surged by almost 25%, and you can definitely watch them this week. Let’s have a brief overview of these cryptos.
#1 Worldcoin (WLD)
Worldcoin is a novel crypto that aims to provide everyone with universal access to money. The crypto project has garnered significant attention due to its ambitious goal of distributing tokens to everyone living in this world, free of charge.
Unlike traditional cryptos that rely on energy-intensive mining operations, Worldcoin adopts a unique distribution approach. To achieve its mission of broad inclusion, the distribution process involves identifying individuals through biometric means, such as retinal scans or fingerprints. By doing so, the Worldcoin team believes they can prevent fraud and ensure everyone receives their fair share.
The price of Worldcoin (WLD) on WazirX is INR 529.99000 today. According to CoinMarketCap, the 24-hour trading volume of WLD is $472,029,450, with a circulating supply of 203,307,474 WLD and a market cap of $1,252,423,032.
The recent surge in Worldcoin’s price can be attributed to various factors. Notably, bullish sentiments surrounding the AI category have propelled investor confidence, leading to a significant increase in valuation. Following a period of consolidation, the token experienced a remarkable uptrend, reaching new all-time highs. Technical indicators, such as the EMA 50-day and MACD, further support positive price action, hinting at potential continued growth shortly.
#2 Render (RNDR)
The Render platform lets users earn money by selling their unused computing power. Users can set up their node (computer) and rent their computing power to other users or studios for passive income. The rendering method makes it simple for content delivery networks to seamlessly provide content to end users while also assisting artists in rendering their work. The inventor and the GPU service provider may easily keep track of their activities on the Ethereum blockchain thanks to the complete process of tokenizing computing power using RNDR – an ERC token.
The price of Render (RNDR) on WazirX is INR 878.24 today. According to CoinMarketCap, the 24-hour trading volume of RNDR is $342,067,186, with a circulating supply of 386,976,473 RNDR and a market cap of $3,895,246,567.
Render’s recent surge to $10.06 amidst a market downturn for altcoins can be attributed to several factors. Notably, its 29% growth over the week showcases its resilience amid market volatility. Render’s appeal as an AI protocol, particularly its GPU Rendering network linking miners and artists efficiently, aligns with the booming AI industry, exemplified by NVIDIA’s soaring valuation. Additionally, the formation of the Artificial Superintelligence Alliance underscores AI’s potential, contributing to Render’s bullish outlook as it eyes the $10 resistance zone.
#3 Pepe (PEPE)
PEPE, a deflationary memecoin introduced on the Ethereum blockchain, pays homage to the Pepe the Frog internet meme originated by Matt Furie in the early 2000s. Embracing the trend of meme coins akin to Shiba Inu and Dogecoin, PEPE aspires to position itself as a prominent meme-based cryptocurrency. The project distinguishes itself by adopting a no-tax policy and openly acknowledging its lack of utility, embracing simplicity and purity as a memecoin to resonate with the cryptocurrency community.
Setting itself unique in the meme coin market, PEPE leverages the enduring and controversial legacy of Pepe the Frog, a character that holds a significant place in internet culture. The project’s commitment to honoring this character sets it apart from other cryptos and enhances its appeal within the crypto community.
The price of Pepe (PEPE) on WazirX is INR 0.0007501 today. According to CoinMarketCap, the 24-hour trading volume of PEPE is $710.84 Million, with a circulating supply of 420.69T PEPE and a market cap of $3.62 Billion.
Pepe Coin’s recent surge in price can be attributed to several factors, notably Coinbase’s announcement of the launch of Pepe perpetual futures contracts on April 11th. Despite initial technical issues, the market sentiment around PEPE remained positive. The coin’s remarkable upward trend, with a 3,338% increase in price over the past year, coupled with its liquidity and consistent bullish sentiment, suggests a plausible path towards the $1 mark shortly.
Disclaimer: Cryptocurrency is not a legal tender and is currently unregulated. Kindly ensure that you undertake sufficient risk assessment when trading cryptocurrencies as they are often subject to high price volatility. The information provided in this section doesn't represent any investment advice or WazirX's official position. WazirX reserves the right in its sole discretion to amend or change this blog post at any time and for any reasons without prior notice.
