Robinhood EU Lists Render Network (RENDER) Igniting Bullish Market Sentiments

Robinhood Crypto EU, a digital assets trading platform, sparked noteworthy market optimism for the AI token Render Network on Friday.

Digital assets trading platform Robinhood Crypto EU sparked a wave of optimism in the market for the AI token Render Network on Friday. As the trading platform announced listing for RENDER, bullish market sentiments enveloped the digital asset's long-term prospects. In the past 24 hours, the AI coin's price also soared over 2%.

Robinhood EU Commences Trading for Render Network amid Bullish Sentiments

In an official X post on October 11, Robinhood Crypto EU announced that Render Network is available for trading, starting today. The trading platform unveiled its new batch of assets, revealing that RENDER trading is now supported for EU users.

The announcement has quickly garnered attention in the broader crypto market, paving the way for increased capital inflows for the AI token. Notably, as one of the top crypto exchanges extends support to the AI coin, market observers anticipate a bullish impact on its price.

Render Network is a decentralized GPU rendering platform that allows users to leverage unused computational power and rent it out to others within the ecosystem. RENDER is the ecosystem's utility token and is used for node operator payments for GPU power renting.

AI Coin's Price Surges

Meanwhile, the RENDER price noted a remarkable 2% increase in the past 24 hours and is currently priced at $5.25. Its intraday low and high were recorded at $4.91 and $5.24, respectively. Today's upswing comes in light of Robinhood's listing announcement, as the expanding regional offerings attract users. This phenomenon, in turn, could propel a rally to $10.

Moreover, Coinglass data highlighted a 5% increase in the AI coin's futures OI to $60.95 million today. Additionally, the derivatives volume jumped nearly 8% to $79.37 million, underscoring increased investor interest in the asset. Coupled with the coin's recent price upswing, the data suggests that the coin is rallying bullishly in the market at present. Altogether, market observers anticipate further gains ahead in light of the coin's listing.

On another note, it's also worth mentioning that the aforementioned trading platform recently listed Optimism (OP) as well, sparking bullish sentiments on the token.

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