Render Price Prediction 2023, 2025, and 2030. Should you invest in Render tokens?

Render Price Prediction 2023, 2025, and 2030. Should you invest in Render tokens?

Render Price Prediction: Considering its growth rate of 55% in one month, it will take a minimum of 17 months to reach its all-time high again.


Latest Render Price

Latest price updates

The current market price of RNDR is $0.49 and is down by 5%. Its price, 7 days ago, was $0.51, meaning that the price has declined by nearly 3.9%.

image 304
7-days graph

Moreover, its 24-hour trading volume has also declined by almost 22%.

Render Token Latest Updates

The current market price of RNDR is $0.48 and has decreased by nearly 4.8% in 24 hours. One week ago, its price was $0.42, meaning that it hiked by 12.5% in 7 days.

On the occasion of Black Friday, Render Network provided its users with a bundle deal in collaboration with Octane 2022 and provided numerous freebies. That certainly helped increase the number of users and thus increased its price.

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Image: Twitter

Not only this but, recently Render Network announced that it is developing technology to power the future of non-fungible tokens.

Render announced the development of streaming NFT tech to bring real-time interactivity to on-chain assets. This recent announcement by Render Network is one of the major reasons behind its rising prices.

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Image: Twitter

Render Price Prediction: What is the Render token Used For?

Render Token or RNDR is a distributed GPU rendering network that is created on top of the Ethereum Blockchain. 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.

Created by OTOY, inc. in the year 2009 and launched in the year 2017 by the CEO of OTOY, Jules Urbach, the first token sale for RNDR took place in the month of October, and that too in the same year. During that time, the sale of about 117,843,239 RNDR took place at a price of 1 RNDR = $0.25 USD equivalent to the token.

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.

In other simple words, Render Network removes the gap between the supply and demand of the Graphic Processing Unit.

Let us have a bright look at the two major use cases of Render Token:

  • 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.

Render Price Prediction: Render token latest news

In a recent Tweet, Render network announced the release of its BTN (Behind the Network) which will be focussed on the NFTs development, and the next generation of virtual assets.

Image: Twitter

Render Price Prediction: Render token Price Prediction

Before diving into the detail of the price prediction for the Render token, let us first understand and compare its price history.

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Image: 12-month graph for Render Token

Render Token’s 3-month graph (attached below) can put some more light on its price movement in recent times. Its graph shows that the token has a peak that was valued at $1.09 last week and is declining since then.

Another factor that we can consider for Render’s price prediction is its social media sentiments over a certain period of time. Its social media engagements show a decline of more than 51% in only one week, which is another probable reason for its downward price movement this week.

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Image: 3-month graph for Render Token
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Image representing Render Token’s social media engagement for the last 1 week
The blue line represents its total engagements and the red one represents its total market volume

The all-time high value of RNDR is $5.2 (as depicted in the graph below).  As it was priced at $1.09 few days ago which was the highest for 30 days. Also, RNDR’s market price a month ago was $0.49. It means that it has grown by 55% since then now. Keeping in view, its current market price of $0.50, it can go as high as 940% to reach its all-time high value.

Now, considering its growth rate of 55% in one month, it will take a minimum of 17 months to reach its all-time high again.

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Image: YTD graph for Render Token

Also, AMD and Nvidia, the graphic chip giants have also started creating Graphic Processing units for the purpose of mining on blockchains (like Ethereum). It means that Render’s vision to provide a token-based system to the existing rendering services can possibly see exponential growth in the future. As Render Network can move the potential of already existing ecosystems to the distributed database of blockchain, it can become a hit very soon.

Render Price Prediction: Render’s competitors’ price analysis

Apart from its price movement, let’s have a look at how its competitors have done so far this year.

One notable competitor of Render Token is Flux which is a fully decentralized cloud infrastructure platform building the largest decentralized computational networks. The current market price of FLUX is $0.448 and has declined by around 4% in the last 24 hours.

The market price of FLUX has declined by more than 534% in a year, as suggested by the graph attached above.

The Render Token’s value is currently down by around 19.7% since the previous day and it is very lower than its all-time value of $5.2.  Keeping in mind its lower price and excellent use cases, it can be a good investment to consider. But prices are not expected to grow very fast in the nearest future.

Render Price Prediction
Image: 12-month graph for FLUX

Also Read: Reef Price Prediction

Render Price Prediction: Is the Render token a good investment?

When you are making the decision whether Render Token is a good investment option or not, one needs to take into account all the risks and reward factors related to the token in the first place. Only after proper short-term and long-term prediction of RNDR prices will one be able to properly say whether making an investment in Render Token will be a good idea or not.

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. Now, the question arises is that “Is Reef coin worth investing in?” Let’s discuss:

To answer, whether RNDR is a good investment or not, let’s analyze its competitor’s price movements.

Render’s competitors’ price analysis

Apart from its price movement, let’s have a look at how its competitors have done so far this year.

One notable competitor of Render Token is Flux which is a fully decentralized cloud infrastructure platform building the largest decentralized computational networks. The current market price of FLUX is $0.448 and has declined by around 4% in the last 24 hours.

Image: 12-month graph for FLUX

The market price of FLUX has declined by more than 534% in a year, as suggested by the graph attached above. The Render Token’s value is currently down by around 19.7% since the previous day and it is very lower than its all-time value of $5.2.  Keeping in mind its lower price and excellent use cases, it can be a good investment to consider. But prices are not expected to grow very fast in the nearest future.

Render Price Prediction: Render token’s comparison with competitors

The major competitor of Render at the moment is Flux, a computational network having 13,500 decentralized nodes. Let’s have a look at the Flux nodes- A major competitor of Render Token:

Flux is the cloud infrastructure platform which is fully decentralized and aimed to build the largest decentralized computational network. Flux already had 13,500 nodes, and 98,000 CPU cores and offers 272 terabytes of RAM and 6 petabytes of storage.

The good thing about Flux is that is Web3 and truly decentralized with 100% uptime. Also, it has been developing proof of Useful Work (PoUW) which is one of the crucial projects of Flux with the aim to transform “Proof of Work Blockchains”.

Render Price Prediction: How is Render Different from the competition? Is it any different?

Let’s compare Render Token with its above-mentioned competitor in different aspects:

 Render TokenFlux
Last 3-months performance-50%-131%
Last 1 month’s performance22%-42%
Social Media Sentiment (Last 7 days)+51%-29%
Blockchain on which it is operatingEthereumFlux

The data suggest that Render Token is performing much better as compared to its competitor for a month. Also, the use of Ethereum Blockchain provides Render Token with the added advantage of running smoothly without any third-party interference.

Render Price Prediction – 2023, 2025, 2030

Although the price prediction cannot be 100% accurate, deep analysis and the coin’s past performance can indeed predict its future. Let’s try to forecast Render’s price for 2023, 2025 and 2030:

Currently, the Coinmarketcap ranking for Render Token is #155 and has a market capitalization of $128,935,899.27. Comparing the market capitalization of RNDR with that of 24 hours ago, it is down by more than 14%. Despite its current fall in price (which is dependent on various factors such as negative market sentiments, increasing Consumer Price Index in the US etc.), analysis says that Render Token will continue to grow and reach its all-time high value again in the next 17 months.

Render Price Prediction 2023; reports say that 2023 can be a year for Render to cover up its losses and reach a value close to $4.5 by the end. The year can expect to begin with a price of $2.

Render Price Prediction 2025; according to the analysis, 2025 seems to be a mixed year for RNDR with continuous ups and down. It can have a minimum price of $3.5 during the start and $4.7 during the end of the year with a peak at $5.4 during the mid of 2025.

Render Price Prediction 2030; reports suggest that 2030 can be a difficult year for RNDR where the token can reach its all-time low price of close to $0.

Render 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.

  • Select a Crypto exchange that supports RNDR.
  • Create an account with the Exchange.
  • Verify your identity.
  • Fund the wallet.
  • Make the purchase.

Render Price Prediction: Where can you purchase RNDR?

Mentioned below are some exchanges that are offering the chance to buy Render Token or RNDR.

  • Binance 
  • Gate.io
  • KuCoin
  • FTX

Render Price Prediction Today

Overall OutlookNeutral
1. Market's WisdomNeutral
1a. Market DataPartially Negative
1b. Technical RecommendationBuy
2. Crowd's WisdomNeutral
2a. Social Media BuzzSteady
2b. Social Media SentimentNeutral

~Charu Taneja

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.

Charu Taneja

Charu Taneja

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