When altcoins start moving, Injective (INJ) and Render (RNDR) are normally among the front runners. $INJ is up 7% and $RNDR is up 5% already on Thursday morning.
As the crypto bull market starts to take shape there is now a fairly familiar look to altcoins that are leading the next wave of gains. Among these are Injective and Render.
Injective Protocol breaks out
Injective Protocol is a fast layer 1 blockchain built for the next era of finance. Many finance dApps have chosen to build on Injective which currently hosts financial applications such as an oracle, derivatives, options, smart contracts, order book, savings, and lending.
With developers from across the globe building out the Injective ecosystem, the community is growing fast.
Source: Trading View
$INJ broke out early on Thursday and has come against resistance just short of $18. With a new high to be made at $19, many wouldn’t bet against $INJ achieving this, perhaps by the end of today. A measured move for the bull flag is at $26.
Render prepares for big move
$RNDR is another incredible use case for crypto. With the potential to render the graphics for the future metaverses, and perhaps much of the internet, $RNDR is one to watch.
Source: Trading View
$RNDR is still inside its own bull flag, having just touched the top. It still remains to be seen if there is enough momentum to break out this time. Perhaps bitcoin will be required to make a move first? If or when $RNDR does break out of the flag, a measured move could take the price to $4.80.
Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
