Render is a GPU rendering solution built atop Ethereum. With the Render Network, users can rent GPU capabilities on demand. Simply put, Render Network introduces the concept of blockchain in 3D rendering. Yet the question is, will the innovative use case be good enough to push RNDR prices higher? This Render Token price prediction explores all future possibilities in detail.
Methodology
Experts at BeInCrypto tested over 10 exchanges for traders and investors interested in Render (RNDR). The exchange-specific tests extended beyond six months and took multiple parameters into consideration, including liquidity, ease of use, security standards, and more.
Here are the top three picks, along with a summary of the reasons for these choices:
Binance:
- Multiple trading pairs
- Makes most of RNDR’s trading volume
- Earn plans for generating passive income
- Easy to use
Coinbase:
- High liquidity for the RNDR/USD pair
- Zero compliance worries
- Advanced trading tools
- Comprises almost 12.5% of global RNDR trading volume
Bybit:
- Competitive fees
- High liquidity
- Access to spot and Perpetual markets
- Globally available
Besides the mentioned reasons, these exchanges also fulfil a host of other criteria, including ease-of-usage, elements catering to both beginners and advanced users, and more. To learn more about BeInCrypto’s verification methodology, follow this link.
- Where to buy RNDR?
- Coinbase
- Binance
- Bybit
- How does Render work? The role of fundamentals
- RNDR price prediction and on-chain metrics
- Render Token price prediction and technical analysis
- Render Token (RNDR) price prediction 2024
- Render Token (RNDR) price prediction 2025
- Render Token (RNDR) price prediction 2030
- Render Token (RNDR) long-term price prediction until 2035
- What is the future of Render?
- Frequently asked questions
Where to buy RNDR?
For those planning to invest in the Render Network before the crypto market turns properly bullish, here are some leading exchanges that support RNDR.
Coinbase
•Multiple payment methods are supported
•High RNDR-specific utility
•Supports advanced trading tools
•Instant KYC validation
•Dedicated non-custodial Coinbase Wallet
Binance
•Highest RNDR trading volume, globally
•Competitive fees
•Prompt customer support
•Earn plans available
•Multiple trading options
Bybit
•One of the most liquid RNDR pair
•Offers access to spot and Perpetual markets
•Low fees
•Allows leverage for trading
•Fast trade executions
Also, here is a quick snapshot of all the available spot Render Token (RNDR) markets/exchanges, allowing you to buy RNDR using stablecoins or other crypto assets:
How does Render work? The role of fundamentals
Render Network is an Ethereum-based project. That means RNDR, the native token, is ERC-20 compatible and can be stored in compatible wallets like MetaMask and more. Another crucial fundamental element associated with RNDR is the token-holding pattern. Render analytics reveal that both holders and traders have been increasing their positions over the past year, instilling confidence regarding the future price of RNDR.
However, one aspect that can be disconcerting is the extent of whale holdings. RNDR whales hold almost 48% of the supply.
This pattern can put the market cap and even RNDR price forecast for the future at a crossroads in case of a market-wide sell-off.
Did you know? RNDR token has a pretty specific utility as it is given to users who contribute idle GPU power to the ecosystem. Each contributor is known as a Render node.
Render’s cloud-specific GPU-related abilities are useful for powering online gaming ecosystems, metaverses, and more. Therefore, the fundamental utility of Render is related to gaming, play-to-earn ecosystems, 3D modeling, and even crypto mining — projects that use GPU-specific power.
Render making wave in the DePin space:
Another key fundamental aspect that could drive RNDR adoption is support for Render Token staking via the ReHold application. Finally, if you’re looking to vet the project for scams and put a face to the project, Render Network offers full transparency over its founder and team.
The Render Network’s features and the clear-cut token utility make it desirable.
“The founder of the AI company Perplexity (and former OpenAI research scientist) Aravind Srinivas recently noted that search assisted by LLMs like ChatGPT could cost 7x-8x as much as a normal search.
The decentralized compute bull case is in inning 1 for @RenderToken.”
Tom Dunleavy, Partner at MV Capital: X
RNDR price prediction and on-chain metrics
There are a lot of on-chain elements that you can consider when tracking the future price of RNDR.
For instance, RNDR is down by 1.05% in the past 24 hours as of April 9, 2024. Now, if you open the “Balances” dashboard, specific to the Nansen token god mode analysis, you can see that most of the tokens held by the large addresses or whales have been moved out of wallets. This shows a connection between token outflows and the prices dipping.
Similarly, the seven-day changes have been net positive, which explains the 5% price rise. This pattern could be followed to trace the future price of RNDR.
While checking balances, it is important to key in on the top addresses to know if they are holding other tokens or are simply packing RNDR. It isn’t a good sign if the top wallet holds the concerned tokens, RNDR in this case.
Another sign to look for is any increase in the number of core developers. For projects like the Render Network, the dev count should increase steadily.
While there are several other on-chain metrics to consider, you will most benefit from taking the token trading volume as a key parameter. It is common for a cryptocurrency to surge if the token trading volume increases, as has been happening with RNDR. This theory holds if we are in a bullish crypto market.
Render Token price prediction and technical analysis
Now that we have covered most bases — the Render Network features plus on-chain metrics— we can move to the technical analysis. This approach can help us predict the price of RNDR in the days, weeks, months, and years to come.
Short-term analysis
Firstly, the broadening triangle or the funnel pattern is clearly visible. This marks high volatility and potential disagreement between the buyers and sellers. Therefore, you should be careful while trading RNDR.
The short-term trend looks bearish, with RNDR’s relative strength index or the RSI indicator hinting at a bearish divergence. If the price drops below the $9.23 mark or even the 50-EMA line (orange line), we might see the price of RNDR drop to $6.86.
Key price levels to watch out for:
Long-term analysis and calculations
To analyze the long-term price of RNDR, we can now pull up the weekly chart and try to locate patterns. At first glance, it looks like a continuation pattern, with the prices surging after periods of profit booking.
We took one step forward and plotted the possible points to help us analyze future prices with historical inputs. Let us now find the price differences and timeframes between these points. That can help us locate the average price moves of RNDR.
A to B | -96.57% in 203 days |
B to A1 | 829.45% in 336 days |
A1 to B1 | -58.34% in 91 days |
B1 to A2 | 321.81% in 133 days |
A2 to B2 | -37.18% in 14 days |
B2 to A3 | 303.67% in 63 days |
Using the values from Table 1, we can locate the average price hike and average price drop percentage for RNDR. The values come out to be approximately 485% in 177 days and -64.03% in 103 days. We shall use these data points to chart the future price of RNDR until the year 2035.
Render Token (RNDR) price prediction 2024
Outlook: Bullish
Now that we have the last high as A3, a 64.03% correction in 103 days might be imminent. However, in a crypto market that is expected to run bullish in a few months from now, the timeline of the dip might vary. Therefore, in 2024, RNDR can go as low as $4.90. However, this wouldn’t be the low in 2024 as that has already been charted at $3.38 earlier in January.
The price hike, from the expected low of $4.93, could send the price of RNDR to $28.80 by the end of 2024.
Projected ROI from the current level: 194%
Render Token (RNDR) price prediction 2025
Outlook: Bullish
According to the available data points, once the 2024 high is in, say, at $28.80, we can again expect RDNR to correct by 64.03%. This puts the expected minimum price of RNDR for 2025 at $10.72. Do note that timelines can vary depending on the state of RNDR tokenomics, how strictly the Render Token roadmap is being followed, the popularity of GPU mining and distributed computing, and other factors.
From the lowest Render Token price prediction value for 2025, we can expect an average price hike of 485% to hold. This would put the RNDR price forecast at $62.80 by the end of 2025.
Projected ROI from the current level: 540%
Render Token (RNDR) price prediction 2030
Outlook: Very bullish
Once the price of RNDR hits the expected high of $62.80 by the end of 2025, in 2026, we can again expect it to drop by 64.03%, based on our “average price” calculations. This puts the minimum Render Token price prediction for 2026 at $22.50.
However, after this RNDR price forecast, the token might not surge by 485% as the bears are expected to come in with pending profit-booking bills. Therefore, the more conservative price surge for RNDR in 2026 could be 303.67%, according to Table 1.
This puts the 2026 RNDR price forecast high at $90.78.
Now, if you extrapolate these findings using the 2026 low and the 2026 high, we can chart the future price of RNDR until 2030. This puts the 2030 high at $754.40.
Projected ROI from the current level: 7598%
Render Token (RNDR) long-term price prediction until 2035
Now that we have the RNDR price forecast data until 2030, we can use the projects to chart the prices until 2035.
Year | Maximum price of RNDR($) | Adjusted minimum price of RNDR($) |
2024 | 28.80 | 4.69 |
2025 | 62.80 | 10.72 |
2026 | 90.78 | 22.50 |
2027 | 330.45 | 53.84 |
2028 | 458.79 | 74.75 |
2029 | 587.12 | 95.66 |
2030 | 754.40 | 122.91 |
2031 | 843.80 | 137.47 |
2032 | 972.14 | 158.38 |
2033 | 1100.47 | 179.29 |
2034 | 1228.81 | 200.20 |
2035 | 1357.15 | 221.11 |
Do note that the successful completion of the Render Token roadmap, an increase in the number of Render Token use cases, and other factors can also amplify these price projections.
What is the future of Render?
The Render Network pushes forth the concept of blockchain-based rendering, distributed computing, and cloud-based GPU rendering, all while incentivizing users with Render tokens. Therefore, while the ecosystem is innovative, its native RNDR token might also be a worthy portfolio addition, especially in the long run. Remember that crypto markets are inherently volatile, and profits are never guaranteed.
Frequently asked questions
What will Render’s price be in 2025?
Can Render Token reach $1000?
What is the Render price prediction for 2040?
What is RNDR all all-time high?
Is RNDR moving to Solana?
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