- Bullish RNDR price prediction for 2023 is $2.093 to $3.318.
- Render Token (RNDR) price might reach $5 soon.
- Bearish (RNDR) price prediction for 2023 is $0.893.
In this Render Token (RNDR) price prediction 2023, 2024-2030, we will analyze the price patterns of RNDR by using accurate trader-friendly technical analysis indicators and predict the future movement of the cryptocurrency.
TABLE OF CONTENTS |
INTRODUCTION |
|
RENDER TOKEN (RNDR) PRICE PREDICTION 2023 |
|
| RENDER TOKEN (RNDR) PRICE PREDICTION 2024, 2025, 2026-2030 |
| CONCLUSION |
| FAQ |
Render Token (RNDR) Current Market Status
| Current Price | $1.49 | 24 – Hour Price Change | 9.01% Up |
| 24 – Hour Trading Volume | $34,915,920 |
| Market Cap | $552,737,991 |
| Circulating Supply | 371,908,453 RNDR | All – Time High | $8.76 (On Nov 21, 2021) |
| All – Time Low | $0.03676 (On Jun 16, 2020) |
(Source: CoinMarketCap)
What is Render Token (RNDR)
| TICKER | RNDR |
| BLOCKCHAIN | Ethereum |
| CATEGORY | ERC 20 Token |
| LAUNCHED ON | April 2020 |
| UTILITIES | Governance, security, gas fees & rewards |
Render Token (RNDR) is an Ethereum token that powers Render Network, a protocol that enables distributed graphics processing. Render token (RNDR) will make the process of rendering and streaming intricate virtual works easier for all users. It will allow complex GPU-based render jobs to be distributed and processed on a peer-to-peer network, making the transactional process of rendering and streaming 3D environments, models, and objects much simpler for end-users.
Render Token 24H Technicals
(Source: TradingView)
Render Token (RNDR) Price Prediction 2023
Render Token (RNDR) ranks 61st on CoinMarketCap in terms of its market capitalization. The overview of the Render Token price prediction for 2023 is explained below with a daily time frame.
RNDR/USDT Descending Channel Pattern (Source: TradingView)
In the above chart, Render Token (RNDR) laid out a Descending Channel. Descending Channel also known as the falling channel. A descending channel is formed by two parallel trendlines. The upper trendline, which joins the highs, and the lower trendline, which joins the lows, run parallelly downwards. This pattern is characteristic of a bearish market.
At the time of analysis, the price of Render Token (RNDR) was recorded at $1.49. If the pattern trend continues, then the price of RNDR might reach the resistance levels of $1.736, $2.220, and $2.929. If the trend reverses, then the price of RNDR may fall to the support of 1.239.
Render Token (RNDR) Resistance and Support Levels
The chart given below elucidates the possible resistance and support levels of Render Token (RNDR) in 2023.
RNDR/USDT Resistance and Support Levels (Source: TradingView)
From the above chart, we can analyze and identify the following as resistance and support levels of Render Token (RNDR) for 2023.
| Resistance Level 1 | $2.093 |
| Resistance Level 2 | $3.318 |
| Support Level 1 | $1.317 |
| Support Level 2 | $0.893 |
RNDR Resistance & Support Levels
Render Token (RNDR) Price Prediction 2023 — RVOL, MA, and RSI
The technical analysis indicators such as Relative Volume (RVOL), Moving Average (MA), and Relative Strength Index (RSI) of Render Token (RNDR) are shown in the chart below.
RNDR/USDT RVOL, MA, RSI (Source: TradingView)
From the readings on the chart above, we can make the following inferences regarding the current Render Token (RNDR) market in 2023.
| INDICATOR | PURPOSE | READING | INFERENCE |
| 50-Day Moving Average (50MA) | Nature of the current trend by comparing the average price over 50 days | 50 MA = $1.581Price = $1.471 (50MA > Price) | Bearish(Downtrend) |
| Relative Strength Index (RSI) | Magnitude of price change;Analyzing oversold & overbought conditions | 50.29 <30 = Oversold 50-70 = Neutral>70 = Overbought | Neutral |
| Relative Volume (RVOL) | Asset’s trading volume in relation to its recent average volumes | Below cutoff line | Weak Volume |
Render Token (RNDR) Price Prediction 2023 — ADX, RVI
In the below chart, we analyze the strength and volatility of Render Token (RNDR) using the following technical analysis indicators — Average Directional Index (ADX) and Relative Volatility Index (RVI).
RNDR/USDT ADX, RVI (Source: TradingView)
From the readings on the chart above, we can make the following inferences regarding the price momentum of Render Token (RNDR).
| INDICATOR | PURPOSE | READING | INFERENCE |
| Average Directional Index (ADX) | Strength of the trend momentum | 24.180 | Weak Trend |
| Relative Volatility Index (RVI) | Volatility over a specific period | 51.39 <50 = Low >50 = High | High Volatility |
Comparison of RNDR with BTC, ETH
Let us now compare the price movements of Render Token (RNDR) with that of Bitcoin (BTC), and Ethereum (ETH).
BTC Vs ETH Vs RNDR Price Comparison (Source: TradingView)
From the above chart, we can interpret that the price action of RNDR is similar to that of BTC and ETH. That is, when the price of BTC and ETH increases or decreases, the price of RNDR also increases or decreases respectively.
Render Token (RNDR) Price Prediction 2024, 2025 – 2030
With the help of the aforementioned technical analysis indicators and trend patterns, let us predict the price of Render Token (RNDR) between 2024, 2025, 2026, 2027, 2028, 2029 and 2030.
| Year | Bullish Price | Bearish Price |
| Render Token (RNDR) Price Prediction 2024 | $6 | $1 |
| Render Token (RNDR) Price Prediction 2025 | $7 | $1.3 |
| Render Token (RNDR) Price Prediction 2026 | $8 | $1.5 |
| Render Token (RNDR) Price Prediction 2027 | $9 | $1.7 |
| Render Token (RNDR) Price Prediction 2028 | $10 | $1.9 |
| Render Token (RNDR) Price Prediction 2029 | $13 | $2.1 |
| Render Token (RNDR) Price Prediction 2030 | $15 | $2.5 |
Conclusion
If Render Token (RNDR) establishes itself as a good investment in 2023, this year would be favorable to the cryptocurrency. In conclusion, the bullish Render Token (RNDR) price prediction for 2023 is $3.318. Comparatively, if unfavorable sentiment is triggered, the bearish Render Token (RNDR) price prediction for 2023 is $2.093.
If the market momentum and investors’ sentiment positively elevate, then Render Token (RNDR) might hit $5. Furthermore, with future upgrades and advancements in the Render Token ecosystem, RNDR might surpass its current all-time high (ATH) of $8.76 and mark its new ATH.
FAQ
1. What is Render Token (RNDR)?
Render Token (RNDR) runs on its native Render Token blockchain which was launched in 2018. It is based on the delegated proof-of-stake (DPoS) consensus mechanism.
2. Where can you buy a Render Token (RNDR) ?
Traders can trade Render Token (RNDR) on the following cryptocurrency exchanges such as Binance, WEEX, LBank, OKX, and Bitrue.
3. Will Render Token (RNDR) record a new ATH soon?
With the ongoing developments and upgrades within the Render Token platform, Render Token (RNDR) has a high possibility of reaching its ATH soon.
4. What is the current all-time high (ATH) of Render Token (RNDR) ?
Render Token (RNDR) hit its current all-time high (ATH) of $8.7608 On November 21, 2021.
5. What is the lowest price of Render Token (RNDR) ?
According to CoinMarketCap, RNDR hit its all-time low (ATL) of $0.03676 on June 16, 2020.
6. Will Render Token (RNDR) hit $5?
If Render Token (RNDR) becomes one of the active cryptocurrencies that majorly maintain a bullish trend, it might rally to hit $5 soon.
7. What will be the Render Token (RNDR) price by 2024?
Render Token (RNDR) price might reach $6 by 2024.
8. What will be the Render Token (RNDR) price by 2025?
Render Token (RNDR) price might reach $7 by 2025.
9. What will be the Render Token (RNDR) price by 2026?
Render Token (RNDR) price might reach $8 by 2026.
10. What will be the Render Token (RNDR) price by 2027?
Render Token (RNDR) price might reach $9 by 2027.
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Disclaimer: The opinion expressed in this chart is solely the author’s. It does not represent any investment advice. TheNewsCrypto team encourages all to do their own research before investing.
Source: https://thenewscrypto.com/render-token-rndr-price-prediction/