- 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 Bitcoin (BTC) and Ethereum (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!
Render Token (RNDR) Market Overview
Name | Render |
Symbol | rndr |
Rank | #91 |
Price | $1.71 |
Price Change (1h) | -1.3039 % |
Price Change (24h) | 16.89057 % |
Price Change (7d) | -20.23433 % |
Market Cap | $513425462 |
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
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
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
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
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
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
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.
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.
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.
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.
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.
The lowest RNDR price is $0.03676, attained on June 16, 2020, according to CoinMarketCap.
RNDR was launched in 2020.
Jules Urbach, CEO of OTOY co-founded RNDR.
The maximum supply of RNDR is 536,870,912 RNDR.
RNDR can be stored in a cold wallet, hot wallet, or exchange wallet.
RNDR price is expected to reach $2.5 by 2023.
RNDR price is expected to reach $3.36 by 2024.
RNDR price is expected to reach $4.38 by 2025.
RNDR price is expected to reach $5.3 by 2026.
RNDR price is expected to reach $6.310 by 2027.
RNDR price is expected to reach $7.16 by 2028.
RNDR price is expected to reach $12.1207 by 2029.
RNDR price is expected to reach $20.299 by 2030.
RNDR price is expected to reach $44 by 2040.
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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