The Ethereum (ETH) network's latest star, Render (RNDR), has caught the eye with its recent performance. In the past 24 hours, RNDR has shown resilience in the face of market fluctuations. This rise in price followed ETH's climb back to $3,000, though the overall market decline caused RNDR to drop once again.

Increasing Interest in RNDR

Data from LunarCrush indicates that Render's social presence surged by 116% in tandem with the price increase. This spike in popularity could signify a growing interest in the project among traders, driven by its strong fundamentals.

Observing the market closely, it is evident that many traders are optimistic about projects like DePIN. Another indicator of interest in RNDR is its trading volume, which has risen to $556.65 million on April 14, representing a 37.72% increase compared to the previous day.

Despite the potential of RNDR, investors remain cautious, as reflected in the negative Weighted Sentiment analysis. Currently at -0.45, this metric suggests a potential decrease in demand for RNDR, possibly keeping the token price below $9.

However, the long-term outlook for RNDR may not be as bleak. The increase in the number of RNDR investors from 80,000 to 85,600 on March 25 is seen as a positive sign of rising interest. If this trend continues, RNDR's price could trend upwards, though potential corrections could impact this trajectory.