Following a surge in social media attention and trading activity, market watchers are looking to see if RNDR can reverse its longer-term underperformance.
RNDR outperforms its category in the short term
Over the past month, RNDR's price increased by
↗7%
, contrasting with an average decline of
↘3%
for its category. This resilience was also visible over the last week, where RNDR’s
↘2%
price drop was smaller than the category's average
↘7%
decline.
AI focus linked to surge in social activity
RNDR's positioning as an AI-related project has coincided with a
↗105%
jump in 24-hour trading volume. This heightened interest is also reflected in social media, which saw an extraordinary
↗221,239%
weekly activity surge alongside 100% positive sentiment.
Recent gains contrast with weak yearly performance
This recent strength is set against a challenging long-term backdrop. Over the past year, RNDR's price has fallen
↘34%
, significantly underperforming its category, which saw an average gain of
↗60%
in the same period.