Will RNDR Price Hit $3.5 Soon? By CoinEdition

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Render Token Price Prediction 2023-2030: Will RNDR Price Hit $3.5 Soon?
  • Bullish Render Token (RNDR) price prediction ranges from $0.8 to $2.5.
  • Analysis suggests that the RNDR price might reach above $3.5 soon.
  • The RNDR bearish market price prediction for 2023 is $0.8.

Aside from (BTC) and (ETH), there are other digital currencies worth considering for people looking to diversify their portfolios and get experience with new cryptocurrencies. Render Token (RNDR) is one of them.

RNDR is an ERC-20 compatible utility token used to pay for animation, motion graphics, and VFX rendering on the distributed RNDR Network. It is a peer-to-peer GPU compute network that connects creators who require additional computation power for rendering their scenes to providers who receive RNDR tokens in exchange for their GPU power.

If you are interested in the future of RNDR and want to know its predicted value for 2023, 2024, 2025, and 2030, keep reading!

Table of contents

  • Render Token (RNDR) Market Overview
  • What is Render Token (RNDR)?
  • Analysts’ Views on Render Token (RNDR)
  • Render Token (RNDR) Current Market Status
  • Render Token (RNDR) Price Analysis 2023
    • Render Token (RNDR) Price Analysis – Keltner Channel
    • Render Token (RNDR) Price Analysis – Relative Strength Index
    • Render Token (RNDR) Price Analysis – Moving Average
  • Render Token (RNDR) Price Prediction 2023
    • Render Token (RNDR) Price Prediction – Resistance and Support Levels
  • Render Token (RNDR) Price Prediction 2024
  • Render Token (RNDR) Price Prediction 2025
  • Render Token (RNDR) Price Prediction 2026
  • Render Token (RNDR) Price Prediction 2027
  • Render Token (RNDR) Price Prediction 2028
  • Render Token (RNDR) Price Prediction 2029
  • Render Token (RNDR) Price Prediction 2030
  • Render Token (RNDR) Price Prediction 2040
  • Render Token (RNDR) Price Prediction 2050
  • Conclusion
  • FAQ
  • More Crypto Price Predictions:

Render Token (RNDR) Market Overview

Name Render
Symbol rndr
Rank #90
Price $1.72
Price Change (1h) -0.56452 %
Price Change (24h) 17.02789 %
Price Change (7d) -19.87287 %
Market Cap $515550443
All Time High $8.78
All Time Low $0.03665669
Circulating Supply 299880426.114 rndr
Total Supply 531016083.389 rndr

What is Render Token (RNDR)?

Render Token (RNDR) is an Ethereum token that enables distributed graphics processing using the Render Network protocol. Render Network connects people seeking to render images and video with those with idle graphics processing capacity using RNDR as the medium of exchange.

In 2009, OTOY, Inc. created the OTOY. CEO Jules Urbach launched in 2017. RNDR performed its initial public token sale in October of that year, followed by a private sale period from January 2018 to May 2018, during which 117,843,239 RNDR were sold at 1 RNDR = $0.25 for each token. During the private sale period, early adopters were onboarded onto the RNDR Beta Testnet, where beta node operators and artists collaborated with the RNDR team to create and test the network before its public launch on April 27, 2020.

Artists on the network can trade RNDR, an ERC-20 utility token, for GPU compute power from GPU suppliers. Prior to payment disbursal and art release, RNDR uses a manual and automatic proof of work system, or in this case, proof of render, to ensure that all art has been successfully rendered.

Utilising the Ethereum blockchain’s built-in security features, proprietary assets are hashed upon upload and sent in pieces to nodes for rendering. All RNDR payments are held in escrow during rendering and released to node operators after being manually approved as successful by the commissioning artist.

All assets rendered on the network are watermarked until payment is successfully disbursed, at which point unwatermarked renderings may be downloaded. This prevents malicious actors in both user bases. All payment is held in escrow until an asset is manually checked to ensure it was correctly rendered.

Analysts’ Views on Render Token (RNDR)

Analysts are saying that due to the hype of ChatGPT, AI is becoming the biggest play for 2023.

Moreover, investors are also accumulating RNDR tokens for their portfolios.

Render Token (RNDR) Current Market Status

According to CoinMarketCap, Render Token (RNDR) is hovering over $1.52 at the time of writing, with a total of 253,798,860 RNDR in circulation. RNDR has a 24-hour trading volume of $132,378,805, with a 50% decrease. And during the past 24 hours, the price of RNDR increased by 2.6%.

The most popular exchanges to trade Render Token (RNDR) are Binance, BingX, ByBit, and MEXC. Let’s continue with our RNDR price research for 2023.

Render Token (RNDR) Price Analysis 2023

RNDR ranks 98th on CoinMarketCap’s list of the biggest cryptocurrencies by market capitalization. Will RNDR’s most recent improvements, additions, and modifications help its price rise? First, let’s focus on the charts in this article’s RNDR price forecast.

Render Token (RNDR) Price Analysis – Keltner Channel

RNDR/USDT 1-Day Chart Showing Keltner Channel (Source: TradingView)

When volatility bands are positioned on either side of an asset’s price, it is possible to determine the direction of a trend with the help of the Keltner Channel. Render Token (RNDR) can be predicted using the Keltner Channel indications for RNDR/USDT. The price is in the first half of the channel, meaning that people are buying RNDR rather than selling. But lately, there are a few red candles representing that the price is now establishing a new trend. Even after that, we should wait for a downturn or a better entry point to improve the reward-to-risk ratio.

Render Token (RNDR) Price Analysis – Relative Strength Index

RNDR/USDT 1-Day Chart Showing Relative Strength Index (Source: TradingView)

During uptrends, the RSI tends to remain more stable than during downtrends. It makes sense, considering that the RSI tracks gains and losses. During an uptrend, there are more significant gains, maintaining a higher RSI. The value of the 1-Day chart is 57.27. The RSI tends to remain above 30 and should reach 70 during an uptrend.

Render Token (RNDR) Price Analysis – Moving Average

RNDR/USDT 1-Day Chart Showing 200-MA, 50-MA (Source: TradingView)

Above is a 4-hour Render Token (RNDR) 200-day and 50-day Moving Averages (MAs) chart. Looking at the chart above, RNDR was trending bullish. The RNDR 50-day MA is above the 200-day MA (long-term), indicating that the market is entirely bullish.

However, the distance between the two moving averages, 200-day and 50-day, is getting wider. For an excellent risk-to-reward ratio, it is better to wait for a few reversal patterns for crypto investors

Render Token (RNDR) Price Prediction 2023

RNDR/USDT 1-Day Chart (Source: TradingView)

Looking at the daily chart of RNDR/USDT, the RNDR price is now trading way above the 200-day MA, meaning the market is in a bullish trend. The price breaks out from the zone of $0.535 since the start of 2023 and has been trading higher since then. And currently, the price is trading as high as $1.529.

Meanwhile, our long-term RNDR price prediction for 2023 is bullish if it cannot break the support level. We can expect RNDR to reach $2.5 this year.

Month Minimum Price Average Price Maximum Price
January 2023 1.8599 1.8833 1.9087
February 2023 1.9126 1.9360 1.9614
March 2023 1.9867 2.0101 2.0355
April 2023 2.0519 2.0753 2.1007
May 2023 2.1045 2.1279 2.1533
June 2023 2.1786 2.2020 2.2274
July 2023 2.2438 2.2672 2.2926
August 2023 2.2965 2.3199 2.3453
September 2023 2.3706 2.3940 2.4194
October 2023 2.4358 2.4592 2.4846
November 2023 2.4884 2.5118 2.5372
December 2023 2.5625 2.5859 2.6113

Render Token (RNDR) Price Prediction – Resistance and Support Levels

RNDR/USDT 1-Day Chart (Source: TradingView)

The chart above shows that the price of RNDR has increased in the past few months. Moreover, RNDR has increased by 1.41% in the past 24 hours. But currently, the price is having a few retracements. Suppose this price decrease over the past few months is a retrace during the bull run. It might be breaking its $2 resistance 1 level and increasing it to $3.

If RNDR cannot break the $2 resistance 1 level, the bears may seize control and dethrone RNDR to a downtrend stance. In simple terms, the price of RNDR might fall to almost $0.8, indicating a negative signal from the previous support level.

Render Token (RNDR) Price Prediction 2024

There will be Bitcoin halving in 2024, and hence we should expect a positive trend in the market due to user sentiments and the quest by investors to accumulate more of the coin. Since the Bitcoin trend affects the direction of trade of other cryptocurrencies, we could expect RNDR to trade at a price not below $3.36 by the end of 2024.

Month Minimum Price Average Price Maximum Price
January 2024 2.6425 2.6659 2.6913
February 2024 2.6952 2.7186 2.7440
March 2024 2.7693 2.7927 2.8181
April 2024 2.8345 2.8579 2.8833
May 2024 2.8871 2.9105 2.9359
June 2024 2.9612 2.9846 3.0100
July 2024 3.0264 3.0498 3.0752
August 2024 3.0791 3.1025 3.1279
September 2024 3.1532 3.1766 3.2020
October 2024 3.2184 3.2418 3.2672
November 2024 3.2710 3.2944 3.3198
December 2024 3.3451 3.3685 3.3939

Render Token (RNDR) Price Prediction 2025

We should expect the price of RNDR to trade above its 2024 price due to the possibility of most cryptocurrencies breaking more psychological resistance levels due to the Bitcoin halving over the previous year. Hence, RNDR could end 2025 by trading at around $4.38.

Month Minimum Price Average Price Maximum Price
January 2025 3.6566 3.6800 3.7054
February 2025 3.7093 3.7327 3.7581
March 2025 3.7834 3.8068 3.8322
April 2025 3.8486 3.8720 3.8974
May 2025 3.9012 3.9246 3.9500
June 2025 3.9753 3.9987 4.0241
July 2025 4.0405 4.0639 4.0893
August 2025 4.0932 4.1166 4.1420
September 2025 4.1673 4.1907 4.2161
October 2025 4.2325 4.2559 4.2813
November 2025 4.2851 4.3085 4.3339
December 2025 4.3592 4.3826 4.4080

Render Token (RNDR) Price Prediction 2026

Since the maximum supply of RNDR is approached by 2026, the bearish market that follows a solid bullish run impacts its previous price due to the entrance of more institutional investors to its platform. With this, the price of RNDR could break the usual trend and trade at $5.3 by the end of 2026.

Month Minimum Price Average Price Maximum Price
January 2026 4.4492 4.4726 4.4980
February 2026 4.5019 4.5253 4.5507
March 2026 4.5760 4.5994 4.6248
April 2026 4.6412 4.6646 4.6900
May 2026 4.7064 4.7298 4.7552
June 2026 4.7805 4.8039 4.8293
July 2026 4.8457 4.8691 4.8945
August 2026 4.9009 4.9243 4.9497
September 2026 4.9950 5.0184 5.0438
October 2026 5.0602 5.0836 5.1090
November 2026 5.1529 5.1763 5.2017
December 2026 5.2939 5.3173 5.3427

Render Token (RNDR) Price Prediction 2027

Investors expect a bullish run next year, 2028, due to Bitcoin halving. Hence, the price of RNDR could consolidate on the previous gains and even break more psychological resistance levels due to investors’ positive sentiment. Therefore, RNDR could trade at $6.310 by the end of 2027.

Month Minimum Price Average Price Maximum Price
January 2027 5.3739 5.3973 5.4227
February 2027 5.4266 5.4500 5.4754
March 2027 5.5007 5.5241 5.5495
April 2027 5.5659 5.5893 5.6147
May 2027 5.6311 5.6545 5.6799
June 2027 5.7052 5.7286 5.7540
July 2027 5.7704 5.7938 5.8192
August 2027 5.8256 5.8490 5.8744
September 2027 5.9197 5.9431 5.9685
October 2027 5.9849 6.0083 6.0337
November 2027 6.0776 6.1010 6.1264
December 2027 6.2186 6.2420 6.2674

Render Token (RNDR) Price Prediction 2028

In 2028, there will be Bitcoin halving. Hence, the consolidating market in 2027 could be followed by a bullish run. This is due to the impact of news surrounding any year of Bitcoin halving. It is, therefore, possible that the market could attain higher high values. Render Token (RNDR) could hit $7.944 by the end of 2028. Also, RNDR is likely to break its ATH value.

Month Minimum Price Average Price Maximum Price
January 2028 6.2986 6.3220 6.3474
February 2028 6.3513 6.3747 6.4001
March 2028 6.4254 6.4488 6.4742
April 2028 6.4906 6.5140 6.5394
May 2028 6.5558 6.5792 6.6046
June 2028 6.6299 6.6533 6.6787
July 2028 6.6951 6.7185 6.7439
August 2028 6.7503 6.7737 6.7991
September 2028 6.8444 6.8678 6.8932
October 2028 6.9096 6.9330 6.9584
November 2028 7.0023 7.0257 7.0511
December 2028 7.1433 7.1667 7.1921

Render Token (RNDR) Price Prediction 2029

By 2029, there could be much stability in the price of most cryptocurrencies that had stayed for over a decade. This is due to implementing lessons learned to ensure their investors retain the project’s confidence. This impact, coupled with the price surge that follows a year after Bitcoin halving, could surge the price of RNDR to $12.1207 by the end of 2029.

Month Minimum Price Average Price Maximum Price
January 2029 6.3986 6.4220 6.4474
February 2029 6.5513 6.5747 6.6001
March 2029 6.8254 6.8488 6.8742
April 2029 6.9906 7.0140 7.0394
May 2029 7.5171 7.5405 7.5659
June 2029 8.2581 8.2815 8.3069
July 2029 8.9102 8.9336 8.9590
August 2029 9.4367 9.4601 9.4855
September 2029 10.1777 10.2011 10.2265
October 2029 10.8298 10.8532 10.8786
November 2029 11.3563 11.3797 11.4051
December 2029 12.0973 12.1207 12.1461

Render Token (RNDR) Price Prediction 2030

The cryptocurrency market experienced high stability due to the holding activities of early investors so as not to lose future gains in the price of their assets. We could expect the price of Render Token (RNDR) to trade at around $18.37 by the end of 2030, irrespective of the previously bearish market that followed a market surge in the earlier years.

Month Minimum Price Average Price Maximum Price
January 2030 12.6566 12.6800 12.7054
February 2030 12.8093 12.8327 12.8581
March 2030 13.0834 13.1068 13.1322
April 2030 13.2486 13.2720 13.2974
May 2030 13.7751 13.7985 13.8239
June 2030 14.5161 14.5395 14.5649
July 2030 15.1682 15.1916 15.2170
August 2030 15.6947 15.7181 15.7435
September 2030 16.4357 16.4591 16.4845
October 2030 17.0878 17.1112 17.1366
November 2030 17.6143 17.6377 17.6631
December 2030 18.3553 18.3787 18.4041

Render Token (RNDR) Price Prediction 2040

According to our long-term Render Token price estimate, Render Token prices could reach a new all-time high this year. If the current growth rate continues, we could anticipate an average price of $44.1089 by 2040. If the market becomes bullish, the price of Render Token may increase beyond our 2040 forecast.

Minimum Price Average Price Maximum Price
$40 $44.1089 $50

Render Token (RNDR) Price Prediction 2050

According to our Render Token forecast, the average price of Render Token in 2050 might be above $97.0397. If more investors are drawn to Render Token between these years, the price of Render Token in 2050 could be far higher than our projection.

Minimum Price Average Price Maximum Price
$75 $97.0397 $108

Conclusion

RNDR might reach $3 in 2023 and $18 by 2030 if investors decide that RNDR is a good investment, along with mainstream cryptocurrencies like Bitcoin and Ethereum.

FAQ

What is Render Token? The Ethereum token known as Render Token (RNDR) is what drives the Render Network protocol, which enables distributed graphics processing. Render Network connects users looking to render images and video with those with free graphics processing power by using RNDR as the medium of exchange.

How to buy RNDR tokens? RNDR can be traded on many exchanges like other digital assets in the crypto world. Binance, OKX, Bybit, MEXC, and BingX are currently the most popular cryptocurrency exchanges for trading RNDR.

Will RNDR surpass its current ATH? Since RNDR provides investors with several opportunities to profit from their crypto holdings, it seems to be a good investment in 2022. Notably, RNDR has a high possibility of surpassing its current ATH in 2027.

Can RNDR reach $5 soon? RNDR is one of the few active crypto assets that continue to rise in value. As long as this bullish trend continues, RNDR might break through $2 and reach as high as $5.5. Of course, if the current market favoring crypto continues, it will likely happen.

Is RNDR a good investment in 2023? RNDR is expected to continue its upward trend as one of the fastest-rising cryptocurrencies. We may also conclude that RNDR is an excellent cryptocurrency to invest in this year, given its recent partnerships and collaborations that have improved its adoption.

What is the lowest price of RNDR? The lowest RNDR price is $0.03676, attained on June 16, 2020, according to CoinMarketCap.

Which year was RNDR launched? RNDR was launched in 2020.

Who are the co-founders of RNDR? Jules Urbach, CEO of OTOY co-founded RNDR.

What is the maximum supply of RNDR? The maximum supply of RNDR is 536,870,912 RNDR.

How do I store RNDR? RNDR can be stored in a cold wallet, hot wallet, or exchange wallet.

What will be the RNDR price in 2023? RNDR price is expected to reach $2.5 by 2023.

What will be the RNDR price in 2024? RNDR price is expected to reach $3.36 by 2024.

What will be the RNDR price in 2025? RNDR price is expected to reach $4.38 by 2025.

What will be the RNDR price in 2026? RNDR price is expected to reach $5.3 by 2026.

What will be the RNDR price in 2027? RNDR price is expected to reach $6.310 by 2027.

What will be the RNDR price in 2028? RNDR price is expected to reach $7.16 by 2028.

What will be the RNDR price in 2029? RNDR price is expected to reach $12.1207 by 2029.

What will be the RNDR price in 2030? RNDR price is expected to reach $20.299 by 2030.

What will be the RNDR price in 2040? RNDR price is expected to reach $44 by 2040.

What will be the RNDR price in 2050? RNDR price is expected to reach $97 by 2050.

Disclaimer: The views and opinions, as well as all the information shared in this price prediction, are published in good faith. Readers must do their research and due diligence. Any action taken by the reader is strictly at their own risk. Coin Edition and its affiliates will not be held liable for any direct or indirect damage or loss.

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