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Home»NFT»Render, Gala and stacks emerging
NFT

Render, Gala and stacks emerging

2024-11-14No Comments3 Mins Read
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  • Render (RNDR) rose 50.16% this week despite a 36.42% drop in trading volume, indicating continued interest in RNDR.
  • Stacks (STX) saw a price increase of 22.55%, but a volume decrease of 59.70%, indicating cautious trading behavior.
  • Gala (GALA) saw strong growth of 36.85%, although trading activity fell by 33.68%, indicating profit-taking.

Over the past week, some tokens have registered high growth rates. Gains were recorded in Render (RNDR), Gala, Stacks, Flow and The Sandbox. However, these tokens are observing robust market interest even if trading volumes decouple slightly.

Render (RNDR) is seeing a 7-day gain of 41.48% on declining trading volume

Source: Coinmarketcap

The chart above shows the price movement of the Render token (RNDR) over a period of seven days, with a significant upward trend. Starting around $4.83, the price rose steadily and peaked above $7, marking an increase of 50.16% within a week. The market capitalization stands at $3.77 billion, showing a growth of 3.15%, while the 24-hour trading volume stands at $1.39 billion, which decreased by 36.42%, indicating high trading activity in recent days which may be slightly delayed. The circulating supply is 517.69 million out of a maximum supply of 644.17 million. The high ratio of volume to market capitalization (36.47%) indicates significant interest and liquidity in the market.

Stacks (STX) posts growth of 18.05% despite reduced trading activity

Source: Coinmarketcap

The STX coin with an average price of $2.02 has seen an overall increase of 22.55% in its 7-day price change, as shown in the chart above. Its market capitalization stands at $3.02 billion and is up just 0.14% in the last 24 hours, while the recorded 24-hour trading volume was $303.71 million, after falling 59.70%. This is a bullish signal, even though the recent drop in volume could indicate that traders are being more cautious.

See also  XRPL Reaches Massive NFT Milestone While XPUNKS 4M+ Record XRP Volume

Gala (GALA) experiences a remarkable price increase of 37.01% in one week

Source: Coinmarketcap

The chart above shows that the recent price movement of Gala (GALA) saw a notable increase of 36.85% over the past 7 days, currently priced at $0.02762. This increase in value is reflected in the market capitalization, which now stands at $986.64 million, with a 24-hour trading volume of $370.34 million, although the latter has fallen by 33.68% over the same period.

Flow (FLOW) is gaining momentum with a 13.55% increase despite volume decline

Source: Coinmarketcap

The chart for Flow (FLOW) over the past seven days shows an uptrend, with the price rising approximately 13.35% to $0.6017. The 24-hour trading volume is down about 25.65% to $91.61 million, with a market cap of almost $928.68 million. The steady increase indicates positive momentum for FLOW, although the drop in volume could indicate reduced trading activity as the price stabilizes.

The Sandbox (SAND) achieves a price increase of 16.01% despite declining volume

Source: Coinmarketcap

The Sandbox (SAND) is up an astonishing approximately 18.53% over the past seven days and is now priced at $0.2971. Trading volume in the last 24 hours has fallen significantly to $161,820,119, down 30.81%, and the market cap has also fallen to $711,420,012, down 4.11%. This boosts SAND’s prospects, although the drop in volume likely means people are withdrawing from trading after a price increase.

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