- Bullish Render Token (RNDR) price prediction ranges from $0.457 to $1.
- Analysis suggests that the RNDR price might reach above $2 soon.
- The RNDR bearish market price prediction for 2022 is $0.408.
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 2022, 2023, 2024, 2025, and 2030, keep reading!
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.
Render Token (RNDR) Current Market Status
According to CoinMarketCap, Render Token (RNDR) is hovering over $0.5466 at the time of writing, with a total of 253,798,860 RNDR in circulation. RNDR has a 24-hour trading volume of $51,371,684.11, with a 255.48% increase. And during the past 24 hours, the price of RNDR increased by 9.58%.
The most popular exchanges to trade Render Token (RNDR) are Binance, BingX, ByBit, MEXC and FTX. Let’s continue with our RNDR price research for 2022.
Render Token (RNDR) Price Analysis 2022
RNDR ranks 161st 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 second half of the channel, meaning that people are selling RNDR rather than buying. But lately, there are a few green 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 48.35. 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 now running sideways. The RNDR 50-day MA is below the 200-day MA (long-term), indicating that the market is entirely bearish.
However, the distance between the two moving averages, 200-day and 50-day, is wide. And the candlesticks are moving above 50-day MA, meaning that the price is heading for a reversal, but we need to consider that it’s still under 200-day MA. 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 2022
Looking at the daily chart of RNDR/USDT, the RNDR price is now inside a descending channel. The price swings from $0.798 to $0.457, breaking the channel and rising as high as $0.699.
Meanwhile, our long-term RNDR price prediction for 2022 is bullish if it cannot break the support level. We can expect RNDR to reach $1 this year.
Render Token (RNDR) Price – Resistance and Support Levels
The chart above shows that the price of RNDR has decreased in the past few months. Moreover, RNDR has increased by 10.11% in the past 24 hours. Suppose this price decrease over the past few months is a retrace during the bull run. It might be breaking its $0.717 resistance 1 level and increasing it to $1.
If RNDR cannot break the $0.717 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 $0.408, indicating a negative signal from the previous support level.
Render Token (RNDR) Price Prediction 2023
Render Token (RNDR) could end the year 2022 with a relative strength index (RSI) value of more than 70. This shows that the trend is solid and bullish and will trade above $1 by 2022. Hence, we could expect the price of RNDR to surge to at least $2.110 by the end of 2023 since more merchants could integrate RNDR pay into their payment systems.
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 $3.225 by the end of 2024.
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 $4.126.
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 $5.027 by the end of 2026.
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.
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.
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 $12.663 by the end of 2029.
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 $20.299 by the end of 2030, irrespective of the previously bearish market that followed a market surge in the earlier years.
RNDR might reach $1 in 2022 and $20.299 by 2030 if investors decide that RNDR is a good investment, along with mainstream cryptocurrencies like Bitcoin and Ethereum.
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 $0.408 and reach as high as $2. 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 $2.110 by 2023.
RNDR price is expected to reach $3.225 by 2024.
RNDR price is expected to reach $4.126 by 2025.
RNDR price is expected to reach $5.027 by 2026.
RNDR price is expected to reach $6.310 by 2027.
RNDR price is expected to reach $7.944 by 2028.
RNDR price is expected to reach $12.663 by 2029.
RNDR price is expected to reach $20.299 by 2030.
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.