Can Render Token Reach $100, $50?Render Token Price Prediction 2023-2030

Article Coverage: Render Token Performance, Latest Render Token News, Render Token Price Prediction Today, Is Render Token a Good Investment? Can Render Token reach $100? Render Token Price Prediction 2023-2030

Render Token Latest Price

Render Token Past Performance

  • Last 1 month: +54.8%
  • Last 1 Year: +643.1%
  • Since Launch: +9393.9%

The Render Network announced the successful passage of both RNP-006 and RNP-007 V2 in their final votes.

Starting with RNP-006, the final results revealed approval for 4.1 million RENDER and 40,000 RNDR, with no RENDER and 3,200 RNDR denials. This proposal involves the transition from ERC-20 RNDR to RENDER SPL tokens on @Solana. The purpose is to enhance transaction efficiency and expand services on the Render Network.

RNP-007 introduces @FEDML_AI as a compute client for Render Network, allowing developers to build, deploy, and monetize AI models utilizing Render’s GPUs. This integration is expected to bring about easier GPU access, faster AI project development, and a boost in generative AI innovation.

X (Twitter) user Rendoshi Takamoto pointed out that $RNDR has experienced a significant increase of over +500% since the launch of ChatGPT, marking the start of the AI season. Anticipating the launch of Apple Vision Pro in approximately three months, which will initiate the AR season, Rendoshi suggests that Render will be the prime crypto for exposure to this narrative.

Screenshot 2023 11 28 155131

Render Token Q3 Update

  • Focus areas: AI/ML GPU computing, spatial computing, native #C4D file integration, SPL RENDER token upgrade on Solana.
  • Oct-Nov 2023: >30% increase in network metrics reflecting development expansions.
  • Q3 2023 figures: 42,739 jobs, 39,602 scenes, 2.36M frames rendered.
  • Year-over-year growth in Q3 almost doubled in some metrics.
  • Oct-Nov 2023 growth: 1.12M frames rendered in Oct, 50% increase in frames rendered, 75% increase in RNDR payouts in Q3.
  • Surge in fall due to increased spatial rendering jobs and native #C4D file support.

Render Token – Buy or Sell, Crowd Poll (New)

Net Buy Rating = Buy% – Sell%

  • Nov 28th: +39.1%
  • Dec 4th: +35.9%
  • Dec 8th: +34.5%

Render Token Price Prediction Today, Tomorrow and Week

UTC: Dec 10th, 2023 06:19 AM

  • Render Token Price Prediction in the next 24 hours is between $3.74 and $3.84
  • Render Token Price Prediction this week is between $3.50 and $4.10

UTC: Dec 10th, 2023 12:36 AM
Overall OutlookBearish
1. Market's WisdomPartially Bearish
1a. Market DataNeutral
1b. Technical RecommendationSell
2. Crowd's WisdomPartially Bearish
2a. Social Media BuzzSteady
2b. Social Media SentimentLower

Render Token Price Prediction 2023-2030, Aggregated

  • Render Token Price Prediction 2023 is $3.86
  • Render Token Price Prediction 2025 is $6.19
  • Render Token Price Prediction 2030 is $22.4

Will Render Token Reach $10?

Render needs to grow by around 7.19 times from its current market price to reach a price level of $10.

Furthermore, the Render token’s all-time high price is $7.8 which it achieved in November 2021. Also, it grew by around 16.25 times in five months (from the lowest price of $0.48 in June 2021). Thus, it grew by 3.25 times in one month.

Therefore, RNDR will require less than 3 months to reach $10. However, it might take more time depending upon the market conditions of economic factors.  

Can Render Token Reach $50? Detailed Analysis

In order for RNDR to reach $50, it would need to increase by a factor of 28. At $50, Render Token’s Market Cap will be $18.48 Billion. If RNDR were to grow at a rate of 25% each year, it would take about 15 years to reach $50. Let us evaluate this data

  • Quality of Investment- Moderate
  • Growth required to reach $50- Feasible (Example: Bitcoin was priced at $0.1 in October 2010. 12 years later, It is 22000 times higher)
  • Market Cap at $50- Partially Feasible
  • Time required to reach $50 if it were to rise at 25% per annum- Partially Feasible

Considering the criteria Quality of Investment, growth required and time required, Render Token has a low to moderate chance of reaching $50. Let us analyze it further:

Can Render Token Reach $100? Detailed Analysis

In order for RNDR to reach $100, it would need to increase by a factor of 57. At $100, Render Token’s Market Cap will be $36 Billion. If RNDR were to grow at a rate of 25% each year, it would take about 18 years to reach $100. Let us evaluate this data

  • Quality of Investment- Moderate
  • Growth required to reach $100- Feasible (Example: Bitcoin was priced at $0.1 in October 2010. 12 years later, It is 22000 times higher)
  • Market Cap at $100- Not Feasible
  • Time required to reach $100 if it were to rise at 25% per annum- Not Feasible

Considering the criteria Quality of Investment, growth required and time required, Render Token cannot practically reach $100 in the near future.

Render Price Prediction: Can Render Token Reach $1,000?

Render Token must grow by 467 times to reach a price point of $1,000.

Also, considering its 3.25 times growth in one month, we can say that the Render token will require a minimum of 143 months (around 12 years) to reach $1000.

Can Render Token Reach $100, $50?

Render Token Price Prediction: Is Render Token a Good Investment?

The Render Token (RNDR) is a solution for rendering and streaming virtual works by utilizing a peer-to-peer network. The network allows for complex GPU-based rendering jobs to be distributed and processed efficiently, simplifying the process for end users. The Render Network plans to evolve into a marketplace for funding digital ideas, assets, and applications, with a focus on 3D projects and digital rights management. The main aim of Render Token is to connect different studios and artists that are in need of GPU computational power with the help of mining partners that are willing to rent the GPU capabilities that they have.

Render Token essentially removes the tech barriers of the computational systems i.e., it allows people to share their unused or extra GPU power with the people in need of GPU. The network connects these people and helps them save money & time.

Key features of Render Network

  • Render Network provides a decentralized cloud computing platform that allows developers to easily build and deploy applications using the power of blockchain technology.
  • It provides high-performance computing resources, including GPUs and TPUs, that enable developers to build and run complex applications and simulations.
  • The Network is designed to scale horizontally, which means it can handle increasing demand by adding more computing resources on the fly.
  • Render Network is optimized for low latency, which means applications built on the platform can respond quickly to user requests and deliver a seamless user experience.
  • The platform is built to be compatible with multiple blockchain networks, including Ethereum, Polygon, and Binance Smart Chain, which allows developers to choose the blockchain that best fits their needs.
  • Render Network provides cost-effective cloud computing resources that are significantly cheaper than traditional cloud computing providers.
  • Render Network uses advanced security measures, including encryption and multi-factor authentication, to protect user data and prevent unauthorized access.

Major Use Cases

Render Network is renowned for its strengths in speed, user-friendliness, and cost-effectiveness. The platform uniquely leverages a decentralized network of GPUs to enable rapid, high-quality 3D media rendering.

  • Render Network is empowering artists to create longer, higher-resolution animations without worrying about prolonged render times.
  • The artists or the creators can gain GPU power to render final images at lower costs and high speeds compared to the other sources.
  • The node operators can rent out their extra Graphic Processing Unites and get RNDR tokens in return.

RNDR is the native cryptocurrency of the Render Network and the following are the primary use cases of RNDR tokens:

  • RNDR is used as a payment method for accessing Render Network’s decentralized rendering services.
  • It can be used as a means of exchange on cryptocurrency exchanges, where RNDR can be traded for other cryptocurrencies or fiat currencies.
  • RNDR can be used to participate in RenderDAO, a decentralized autonomous organization that governs the Render Network and manages its resources.
  • It can also be used to incentivize and reward users for contributing their computing power to the Render Network as a node operator or validator.
  • RNDR tokens can be staked to earn passive income.

Since the demand for Graphic Processing Unit rendering services is growing and hence, Render Network can potentially save the costs and time for such services. Additionally, users get the opportunity to earn passive income in the form of RNDR tokens. Overall Render is a Moderate Case for Investment.

Render Token Price Prediction: How can you buy RNDR?

For people who are interested in buying Render Token or RNDR, the following steps are mentioned to make the process easier.

  • Choose a reputable cryptocurrency exchange that supports RNDR trading pairs (listed below).
  • Sign up for an account on the exchange and complete the required verification process.
  • Fund your account with a cryptocurrency or fiat currency that is supported by the exchange.
  • Navigate to the RNDR trading pair and place a buy order for the amount of RNDR you want to purchase.
  • Wait for your order to be filled by a seller on the exchange.
  • Withdraw your RNDR tokens to your personal wallet for safekeeping.

~Charu Taneja

Note: Crowdwisdom360 collates Predictions and data from all over the net and has no in-house view on the likely trends in the Stocks or Crypto Coins. Please consult a registered investment advisor to guide you on your financial decisions.

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