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>>Synthetix Leads Altcoin Rally with a 130% Surge, While Bittensor and Render Gain Momentum

Synthetix Leads Altcoin Rally with a 130% Surge, While Bittensor and Render Gain Momentum

crypthub

about 12 hours ago

Synthetix Surge

Synthetix jumped to about $2.26, up over 130% in 24 hours, driven by a planned perpetual DEX launch on Ethereum. The team released details on phased access, gas‑free execution and a $1 million trading competition. Heavy buying broke multi‑month resistance and open interest rose as short positions covered. Analysts will watch if volume and enrollment stay strong after the initial burst.

Bittensor Gains

Bittensor (TAO) rose to roughly $416, a 30% gain, helped by inflows into AI‑related tokens. The price reclaimed key support and moved above the low‑300s, opening a path toward the mid‑400s. Funding rates are positive and spot volumes solid, indicating both leveraged and cash buying. Confirmation will require TAO to hold above reclaimed levels and see steady open‑interest growth.

Render Advances

Render (RNDR) climbed to about $2.87, up 21%, as demand for GPU‑backed compute and DePIN projects resurged. Volume spread across major pairs improved and the token broke a recent resistance band. Options and perpetual positions show moderate leverage, supporting a smoother rise. Continued spot depth and a firm hold above the breakout zone could keep RNDR in sync with the compute basket.

Altcoin Season Outlook

The current rotation highlights Synthetix’s launch catalyst, Bittensor’s AI sector strength, and Render’s venue breadth. Monitoring SNX volume and competition sign‑ups, TAO’s price stability, and RNDR’s market depth will signal persistence. If these metrics hold, the altcoin‑season momentum may extend into the next sessions.