Toncoin (TON) Falls Out of the Top 10 Rankings as Render (RENDER) Bounces 39% and Rollblock (RBLK) Races Ahead in the Presale Race

Ethereum has finally caught up with the market surge as it passes $3,000. Toncoin (TON) and Render (RENDER) have followed suit with jaw-dropping gains

Toncoin (TON) has dropped out of the top ten crypto rankings following a 12.7% gain in the past week. Toncoin price today is $5.3.

Toncoin (TON) slipped out of the top 10 crypto rankings this week after rival chains enjoyed stunning runs in the past 7 days. However, Toncoin still managed to add over 12.7% to its market capitalization.

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Toncoin enjoyed a brief spell in the top 10 after hitting $6.7 earlier this month, although this was quickly lost as other narratives took over. Toncoin is still up over 100% since the start of the year and looks set to continue heading much higher in the next bull cycle.

Toncoin is used to power the Telegram Open Network, which was launched in 2022 after years of anticipation. TON is designed to be a fast, scalable and decentralized blockchain that can handle millions of transactions per second.

Render (RENDER) Powerhouse Bounces 39% as AI Sector Returns to the Fore

Render has enjoyed stunning double-digit growth this week, adding 39% to its value as the Render price has ballooned to $6.84. The entire AI sector has bounced heavily this week, and Render is exceptionally well-placed as a leading graphics rendering protocol to capitalize on this uptrend.

In the last 24 hours, however, Render volume has declined significantly as only $1.37 billion of Render was traded across exchanges. This represents a 30% dip, possibly indicative of Render traders hesitating to step in here after such a spike.

Render price today is $6.84, up 2.2% in the past 24 hours and 39% in the last 7 days, making it one of the best-performing top 100 cryptocurrencies this week. Render is up over 200% since the start of the year and looks set to continue rallying strongly in the next bull cycle.

Render is a decentralized graphics rendering protocol that allows users to contribute their spare GPU power to a network that renders graphics for some of the biggest studios in the world. Render token holders can stake their tokens to earn a share of these profits and also participate in the governance of the protocol.

With the AI sector returning to the spotlight and Render being one of the leading projects in this space, it is no wonder that RENDER crypto has enjoyed such a strong performance of late. However, this also means that Render is now trading at a relatively high multiple, which could make it more susceptible to selloffs in the event of a broader market downturn.

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