Will RNDR lead the AI-coin-market?

٨ مايو

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

١٠ مايو

ملاحظة

FET underperforms RNDR as I wrote this, nice!
Let's see how it plays out

١٦ يونيو

ملاحظة

Fet still underperforms RNDR