Bitcoin Forum

I'm not a big fan alt. Have barely invested in altcoin; all the times invested in top reputed altcoin.
I'm talking about this- https://coinmarketcap.com/currencies/render-token/
They say it's a hidden GEM which is the most undervalued coin at the moment. I have just gone through their website and so far, the ides seems pretty good. Coinbase has also planned for listing them- https://blog.coinbase.com/coinbase-continues-to-explore-support-for-new-digital-assets-2c5b84813fcf
As above said, I'm not investing in alt; what's your thoughts on it?

I'm also not fond of altcoins investment, as you said l prefer to invest in top altcoins either. l think they are more profitable among others. But about Render to tell the truth l don't have any experience with this token and l did not invest in RNDR. Maybe it can be profitable in the future when l look at the movement of the token l can realize that it shows really good movement and price of the token is increasing. But none can predict how long can it move so, maybe after days it will start dumping again. If you decide to invest in RNDR, when price increases more, sell it. https://i.imgur.com/KLWytDh.jpg

from what I saw is a 2017 project and there is no ANN thread here on the forum. I found this post:


https://bitcointalk.org/index.php?topic=2214929.0

It is very strange that a very old project is devalued, something must not be right in this story and I think you should be very careful

Same here. My most of the portfolio are filled with bitcoin and large cap coins like eth, cardano, matic, chz. And few days earlier I heard about RNDR. Firstly I thought it was just a shitcoin and some people are trying to pump it somehow  but then I checked their website. And saw that the idea is very good plus they have a good team seatup. Even CEO of bat is working with them. And they only listed on 2 small exchanges. So they have a very good chance to grow. The project is interesting. If I can find a good point I would invest a small portion of my portfolio.

People call a coin an hidden gem for different reasons, I don't expect you to bet on that, you need to do your own findings before investing, find out the real reason why this coin is hidden gem, if you don't see any them move on

They all seem to come with so much promise and fizzle out when it seems like they have gotten attention and more interest builds up, it suddenly goes the same way others that came before had gone. Its always a great thing to be sold on the main idea of a project and how sustainable it is in the long run than to be sold in on the hype which most likely ends once the burst is finished. Research more on a projects product, use case and team commitment. These are some of the paramount reasons as to why a project will be around for years.

If this token is the next gem or big thing then what about the top altcoins in the industry?, this should be careful with because the project is an  old project which should have by now be holding grounds against other altcoins. Although, some good project with prospect can be adopted for development, this should be one of such, but for anyone who choose to make an investment with this token should do their research before invest. I have always prefer investment with Bitcoin only.

i think the hype already come to this token now, and maybe coinbase blog is the causes
but i see this token listed on coinmarketcap few days ago,
so, people should learn more about this project before decide to invest

IMO, Don't buy the opinion of others mate. Many times we have heard of that magic word and there is always a counter reaction whenever someone is telling you that for an altcoin. I'll be careful to get in for that coin if the chart is showing an uptrending because it could be the last time that it will be pumping. Although I can also be wrong with this.

If, there is really something to show for this coin and it's trying to work with different big names. Keep observing.

Absolutely agree! If someone says this and that is the next big thing. Most of the time, they are the holder of that particular coin or token. The mentioned token is rising its value at the moment, but don't forget that it maybe a trap. Ask yourself first, what is the reason why it is increasing? Does this token have valuable use case in the market? If there is not, then they are just selling empty news here. Don't buy it.

I don't even know about this project. The rank is in 2253 with good enough volume 7.77147402 BTC.
However, sometimes when people say "it will be the next big thing", it means that it will not be a big thing, or it will be as a usual thing. Moreover, it is about the promotion and how the project developed. Sometimes, people now in the crypto world will be only interested in real projects with real products. It also will depend on how the progress of the projects, coin listing, and also its volume. Too risky to put funds into a coin that has no good progress.
However, let's see how this coin can prove to us whether it will be more and more valuable or not, or even as usual.

He can keep on observing if there is something really good for this coin. However, for me, I won't spend that much time buying a coin that's actually new to me and just heard from somebody without further research and understanding.

But if time comes and this coin has proven us to be wrong and going outside of being the lowest rank, things will surely change.

Looks good on volume and price it looks like a good bet if it will be listed by Binance then something good will come out on this it's your money anyway you have to be the one to render a decision if you look to invest or not, Binance is still a good parameter for a good project so, goodluck.

I also saw some potential in that coin. I don't know why people don't like altcoins investment when literally every big shot or top coin right now all has its altcoin phrase. My take on that coin is: if you looking for long term investment then I don't see any wrong on invest in RNDR.

It usually that person shills for it because he owns a bag of it. Two years ago we thought its SHARDING that is going to be making the crypto markets explode but the Decentralized Finance snatches it this time.

Octane and its improving graphic images may have a place in crypto but probably only for the games that need graphic images but good luck to its holder.

I don't think so. Render token has been launched since 2017 or 2018 but the progress is not that good like other altcoins. Investors are not  considering this token because as you have said it is also undervalued. If it is hidden gem then we can see some potential even before in this token. But still nothing.

When it comes to the altcoin, we have so many altcoin projects which say that it is undervalued, and it can increase so high in the future, or the coin will give you the biggest profit, and else. That will make us confuse about choosing the altcoin because almost all altcoin will do the same thing, but if we don't have a clue to select the coin, you don't have to choose the new coins or unknow project. You can choose the existing altcoin, which already has a history, so you can know how good the movements. But if you want to give it a try for that coin, then you can do that, but only if you remember that you don't have to invest with all of your money because that will be too risky. The investment that we make will be our responsibility, and we should know what we need to do.

Are you that willing to bet on what people say? They might be wrong, don't invest because people said you should, don't be a lazy ass, you can do research yourself and find answers, you might uncover what others can't, get to work

Problem here is its listed on Probit that known to have manipulation on market. It is also listed on hoo but this one I dont know if this market is good but the highest volume of this token is traded there. Does this project have or conducted any crowdfuning or any IEO? The volume is great but I need to check first if this concept or platform what for.

It seems the project is an unknown one which turns me to suspect what's going on. It may end as a pump and dump coin at the end.

Afaik, they didn't. I have also that is mind. I am yet to read all the details. I don't know the emission model of the coin. If they have premined or not. So far, it seems to be a very risky investment because the project isn't transparent at all.

Coinbase continues to explore support some coins, there is one render token. At least we trust or invest for a short time, although listed coinmarketcap only a few days ago. This Token recently listed on exchange, we should be patient for price correction. This project looks good but volume isn't high as the first time. Without a better exchange, I can't support this token.

People are quick to call different tokens hidden gem for various reasons and most of the times it is for their own benefits and nothing more. By checking on coinmarketcap, there are not enough data to show what more to know about the project like circulating supply and so on. However, in my own opinion we should try to do more research to understand more about any project irrespective of what was said about it, the hype surrounding it or the person spreading the information about it because most times it tends to end up in a bad and painful way.

First of all, i believe you understand pretty well that even if your best friend told you a crypto is hidden gem you still need to do your own research.
Second, i don't know what you saw in this token that makes you believed it does have a features that worth invest in but i checked their site i don't see something spicy.
My advice, dont fall for it because of coinbase listing.

Bump
What causes the current pump? I have seen RNDR token to get increase of more than 50% today. I had not invested much, it has already been more than twice. Do you think I should hold or should I sell and take the profit I have now.

It would not be easy for people to know if this coin will make it or not. Unless something of which I am not 100% sure, I do not invest in it and better I will keep money of the top coins only which can give me profits atleast if not now later. But such coins may or may not be a successful one and would not be ready to risk it for such things if I am not sure on it.