Renowned trader il Capo has recently expressed his bullish stance on the altcoin Render (RNDR), causing a notable reaction in the market. Following his announcement, RNDR witnessed a 1% increase in its price.
RNDR, categorized as an artificial intelligence-themed altcoin, had faced a decline after failing to garner attention at a recent Apple event. However, il Capo’s endorsement has sparked optimism in the coin’s value, leading to a surge in price and trading volume.
Known for his previous bearish predictions, il Capo’s statements continue to influence the cryptocurrency market, with his latest post on RNDR triggering significant market activity. It is speculated that automated trading bots may have reacted to his announcement, contributing to the observed price increase.
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