Render Token (RNDR) Price Prediction 2023-2030: Will RNDR Price Hit $5 Soon?

Last Updated:
Render Token
  • Bullish Render Token (RNDR) price prediction ranges from $2.813 to $3.16.
  • RNDR price might also reach above $3.9 this 2023.
  • RNDR’s bearish market price prediction for 2023 is $0.6.

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 #67
💲 Price $1.54
📊 Price Change (1h) 0.73053 %
📊 Price Change (24h) 0.72063 %
📊 Price Change (7d) -3.40106 %
💵 Market Cap $571859930
📈 All Time High $8.78
📉 All Time Low $0.03665669
💸 Circulating Supply 372019564.109 rndr
💰 Total Supply 531024271.389 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.

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 371,908,453 RNDR in circulation. RNDR has a 24-hour trading volume of $21,407,373, with a 6.69% increase. And during the past 24 hours, the price of RNDR increased by 1.45%. 

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

Render Token (RNDR) Price Analysis 2023

RNDR ranks 58th 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 – Bollinger Bands

The Bollinger Bands is a technical analysis tool that is used to analyze price movement and volatility. Bollinger Bands (BB) utilizes the time period and the stand deviation of the price. Normally, the default value of BB’s period is set at 20. The upper band of the BB is calculated by adding 2 times the standard deviations to the Simple Moving Average (SMA), while the lower band is calculated by subtracting 2 times the standard deviation from the SMA. Based on the empirical law of standard deviation, 95% of the data sets will fall within the two standard deviations of the mean.

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

The candlesticks is currently trading in the top half of the region and moving closer to the upeer band. After facing a fall for some time, The candlesticks finally escaped the bottom half of the Bollinger Band. There may be a chance that the prices continue to rise as the upper band points upward, which could be a sign that it may move upwards. 

Render Token (RNDR) Price Analysis – Relative Strength Index (RSI)

The Relative Strength Index (RSI) is a momentum indicator utilized to find out the current trend of the price movement and determine if it is in the oversold or overbought region. Traders often use this tool to make decisions about when to buy or sell the tokens. When the RSI is often valued below or at 30, it is considered an oversold region, and a price correction could happen soon. Moreover, when the RSI is valued above or at 70, it is regarded as the overbought region, and traders expect the price could fall soon.

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

The RSI is currently valued at 53.74 after after experiencing a bullish crossover. When the RSI crossed above the SMA, there was a significant rise in its value and crossed beyond the 50 level. This significant rise could be attributed to buyers coming in to defend the altcoin. There may be a chance that the RSI could cross above 60, hence, proving it has strong trend in the market.

Render Token (RNDR) Price Analysis – Moving Average Convergence Divergence (MACD)

The Moving Average Convergence Divergence (MACD) indicator can be used to identify potential price trends, momentums, and reversals in markets. MACD will make the reading of a moving average cross easier. The MACD indicator is calculated by subtracting the long-term EMA (Exponential Moving Average) indicator from the short-term EMA. Normally, the default values for the MACD are set at 12-day EMA, 26-day EMA, and 9-day EMA. Moreover, MACD is considered a lagging indicator as it cannot provide trade signals without any past price data.

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

The MACD indicator shows that there are green bars forming on the indicator, hence, RNDR may have begun experiencing a bullish signal. The green bars continue to grow signaling that the bullish trend may continue to rise for some time. The MACD line also continues to move while increasing the gap between the signal lines. There is a high chance that MACD may continue to move upward for some time.

Render Token (RNDR) Price Prediction 2023-2030 Overview

YearMinimum PriceAverage PriceMaximum Price
2023$0.418$1.975$2.6113
2024$2.6425$2.9846$3.3939
2025$3.6566$3.9987$4.4080
2026$4.4492$4.7298$5.3427
2027$5.3739$5.7938$6.2674
2028$6.2986$6.7185$7.1921
2029$6.3986$7.5405$12.1461
2030$12.6566$15.1916$18.4041
2040$40.006$44.1089$50.673
2050$75.578$97.0397$108.663

Render Token (RNDR) Price Prediction 2023

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

Looking at the chart, the candlesticks seem to have been forming a falling wedge pattern. During its falling wedge pattern, RNDR formed low lows and low highs subsequently falling below the $1.6. The sudden surge of RNDR could be the altcoin’s entry into the uptrend market. If the candlesticks maintain this bullish momentum, then, there is a high chance that it would reach around $1.97.

Meanwhile, the forecast for RNDR remains to be bullish and is expected to reach beyond the level of $2.8. The bearish price prediction for RNDR ranges from $450 to $0.604. However, on the off chance, that RNDR experiences an extremely bullish sentiment again, there is a high possibility that it trade beyond the level of $3.9.

MonthMinimum PriceAverage PriceMaximum Price
October 20232.43582.45922.4846
November 20232.48842.51182.5372
December 20232.56252.58592.8113

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

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

After hitting the support at $1.303, RNDR may have begun its ascend. The analysis shows that RNDR could reach the $1.975 resistance level if it maintains its bullish momentum. Moreover, it could take some time before the RNDR reaches the $2.359 level as observed from its previous market sentiment. The next resistance level could be near the $2.893 and it could take an extremely bullish sentiment to reach the next target 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.

MonthMinimum PriceAverage PriceMaximum Price
January 20242.64252.66592.6913
February 20242.69522.71862.7440
March 20242.76932.79272.8181
April 20242.83452.85792.8833
May 20242.88712.91052.9359
June 20242.96122.98463.0100
July 20243.02643.04983.0752
August 20243.07913.10253.1279
September 20243.15323.17663.2020
October 20243.21843.24183.2672
November 20243.27103.29443.3198
December 20243.34513.36853.3939

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.

MonthMinimum PriceAverage PriceMaximum Price
January 20253.65663.68003.7054
February 20253.70933.73273.7581
March 20253.78343.80683.8322
April 20253.84863.87203.8974
May 20253.90123.92463.9500
June 20253.97533.99874.0241
July 20254.04054.06394.0893
August 20254.09324.11664.1420
September 20254.16734.19074.2161
October 20254.23254.25594.2813
November 20254.28514.30854.3339
December 20254.35924.38264.4080

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.

MonthMinimum PriceAverage PriceMaximum Price
January 20264.44924.47264.4980
February 20264.50194.52534.5507
March 20264.57604.59944.6248
April 20264.64124.66464.6900
May 20264.70644.72984.7552
June 20264.78054.80394.8293
July 20264.84574.86914.8945
August 20264.90094.92434.9497
September 20264.99505.01845.0438
October 20265.06025.08365.1090
November 20265.15295.17635.2017
December 20265.29395.31735.3427

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.

MonthMinimum PriceAverage PriceMaximum Price
January 20275.37395.39735.4227
February 20275.42665.45005.4754
March 20275.50075.52415.5495
April 20275.56595.58935.6147
May 20275.63115.65455.6799
June 20275.70525.72865.7540
July 20275.77045.79385.8192
August 20275.82565.84905.8744
September 20275.91975.94315.9685
October 20275.98496.00836.0337
November 20276.07766.10106.1264
December 20276.21866.24206.2674

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.

MonthMinimum PriceAverage PriceMaximum Price
January 20286.29866.32206.3474
February 20286.35136.37476.4001
March 20286.42546.44886.4742
April 20286.49066.51406.5394
May 20286.55586.57926.6046
June 20286.62996.65336.6787
July 20286.69516.71856.7439
August 20286.75036.77376.7991
September 20286.84446.86786.8932
October 20286.90966.93306.9584
November 20287.00237.02577.0511
December 20287.14337.16677.1921

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.

MonthMinimum PriceAverage PriceMaximum Price
January 20296.39866.42206.4474
February 20296.55136.57476.6001
March 20296.82546.84886.8742
April 20296.99067.01407.0394
May 20297.51717.54057.5659
June 20298.25818.28158.3069
July 20298.91028.93368.9590
August 20299.43679.46019.4855
September 202910.177710.201110.2265
October 202910.829810.853210.8786
November 202911.356311.379711.4051
December 202912.097312.120712.1461

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.

MonthMinimum PriceAverage PriceMaximum Price
January 203012.656612.680012.7054
February 203012.809312.832712.8581
March 203013.083413.106813.1322
April 203013.248613.272013.2974
May 203013.775113.798513.8239
June 203014.516114.539514.5649
July 203015.168215.191615.2170
August 203015.694715.718115.7435
September 203016.435716.459116.4845
October 203017.087817.111217.1366
November 203017.614317.637717.6631
December 203018.355318.378718.4041

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 PriceAverage PriceMaximum 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 PriceAverage PriceMaximum Price
$75$97.0397$108

Conclusion

To summarize, if investors continue to show interest in RNDR and add these tokens to their portfolio, then, it could continue to rise up. RNDR’s bullish price prediction shows that it could pass beyond the $2.8 level. Moreover, RNDR could surpass the $108 level by the end of 2050. 

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 $2.8  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.

More Crypto Price Predictions: