Render Token (RNDR) Price Prediction 2024-2030: Will RNDR Price Hit $20 Soon?

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Render Token
  • The price of RNDR might add another 90% increase and end 2024 at $19.50.
  • 2026 and 2027 might be bearish years for RNDR as liquidity flow might decrease.
  • In 2030, the price of the cryptocurrency might get close to $50.

Making waves in 2022 led some market players to assume that Render Tokens was created recently. But that is not the case. The conception of the idea began in 2009, and by 2017, the project came to life.

However, it remained on the sidelines for a while until the AI boom began in late 2022/early 2023. Since that time RNDR has become a token with many eyes on it. Here is an overview of the price predictions of the cryptocurrency from 2024 to 2030.

Render Token (RNDR) Real Time Market Status

🪙 Name Render
💱 Symbol RNDR
🏅 Rank #35
💲 Price $6.14397073804
📊 Price Change (1h) -1.07 %
📊 Price Change (24h) 5.69 %
📊 Price Change (7d) -8.49 %
💵 Market Cap $2401428602.35
💸 Circulating Supply 390859381.455 RNDR
💰 Total Supply 532219654.735 RNDR

Render (RNDR) is currently trading at $6.14397073804 and sits at number #35 on CoinMarketCap in terms of market capitalization. There are 390859381.455 RNDR coins currently in circulation, bringing the total market cap to $2401428602.35.

Over the past 24 hours, Render has increased by 5.69%. Looking at the last week, the coin is down by 8.49%.

What is Render Token?

Render Token is built on the Ethereum (ETH) blockchain. It functions as a distributed GPU network. GPU stands for Graphics Processing Unit. Unknown to many, Render is not a new project. The idea appeared in 2009. However, it was not until 2017 that it was implemented.

While the public sale of the token happened in October 2017, a private sale happened between January and May 2018. Furthermore, Render is an ERC-20 token and it is used by artists to get GPU computing power for node operators.

In addition, the RNDR token can also be used for payments, and the network has an escrow that acts as an intermediary when a transaction takes place between two parties.

RNDR Current Market Status

The price of RNDR as of this wrting was $10.39. This represented a 3.53% increase in the last 24 hours. The trading volume of the token also increased to $409 million which was an 18.37% increase within the same period the price jumped.

Render Token has a market cap of $4.02 billion. Its maximum supply is 536.87 million. Out of this, over 388 million were in circulation. 

Currently, whales hold about 47% of the total RNDR supply while the retail cohort account for almost 53%. RNDR is available on Binance, OKX, Coinbase, Upbit, and Bybit.

Render Token (RNDR) Price Analysis

RNDR’s price is something that has become a significant subject of discussion. This is because of its connection to the AI industry. If you have been following the market this cycle, you would notice that AI-themed tokens are one of the strongest narratives. 

Thus, this segment will focus on the potential of RNDR in the coming year. As such, you will learn about the price prediction from 2024 to 2030.

Render Token (RNDR) Price Analysis – Bollinger Bands

From the 4-hour chart, RNDR has sustained an uptrend since its support at $6.99. As a result of the incredible hike, the Bollinger Bands (BB) expanded, indicating high volatility around the token.

However, the upper band of the BB tapped RNDR at $10.80. This suggests that the token was overbought and a decline, backed by a red candlestick, could be next. 

Should this be the case, RNDR’s price might fall to $9.28. But if buying pressure increases, the token could move north and $12 could be an option.

RNDR/USD 4-Hour Chart (Source: TradingView)

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

Coin Edition’s analysis of the chart, showed that the momentum around RNDR remained high bullish. This was evident from the signs shown by the Relative Strength Index (RSI).

At press time, the RSI was 84.50, meaning that the BB indication that the token was overbought was valid. Such a reading implies that  RNDR’s price could be set to fall. Validation of this might start to occur when traders begin to book profits.

RNDR/USD 4-Hour Chart (Source: TradingView)

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

As of this writing, the Moving Average Convergence Divergence (MACD) was in a positive zone. This confirmed that buyers were in control of RNDR’s price action. Furthermore, the fact that the 12 EMA was above the 26 EMA reinforced the notion that the bullish momentum was solid.

Sustenance of this position could SEND RNDR higher. However, if traders decide to slow down the buy orders, a decrease could be next.

RNDR/USD 4-Hour Chart (Source: TradingView)

Render Token (RNDR) Price Prediction 2024

On the daily timeframe, the 50 EMA (blue) had crossed over the 200 EMA (yellow), indicating a bullish trend for the token. Furthermore, support lied at $4.17, indicating that RNDR’s price would not slip below this zone.

A look at the Fibonacci indicator showed that the uptrend before the end of 2024 could even be better than what the first two quarters have produced. Yet, RNDR might rally to 14.12 in the mid-term. But before the end of 2024, the price could hit $19.50.

RNDR/USD Daily Chart (Source: TradingView)

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

According to the 4-hour chart, bulls have been able to defend the $6.99 area and camped there to support RNDR’s uptrend. On the upside, a resistance appeared at $8.25 but bulls have also been able to clear this path.

However, a massive correction could send RNDR back to this low point. But that would only be the case if RNDR fails to hold on to $9.52 in the short term.

RNDR/USD 4-Hour Chart (Source: TradingView)

Render Token (RNDR) Price Prediction 2025

RNDR might bank off the hype around AI as it is expected to continue through 2025. With this projection, the price of the token might climb much higher. From a conservative view, RNDR might change hands at $27 in 2025.

Render Token (RNDR) Price Prediction 2026

By 2026, the AI sector might suffer from a dearth of liquidity. As such, the price of many tokens in that category might tumble. Hence, the price prediction for 2026 could be a decline to $18.35.

Render Token (RNDR) Price Prediction 2027

In 2027, RNDR might experience another decline as the crypto market could be in a bearish phase. As a result, market participants might find it hard to accumulate more tokens, and RNDR could lack buying pressure. This puts the price prediction at $15.

Render Token (RNDR) Price Prediction 2028

The price prediction of RNDR in 2028 might be different from the preceding years. By this time, the market might have recovered and the money flow could be intense. Therefore, the token might hit $32 in 2028.

Render Token (RNDR) Price Prediction 2029

RNDR’s price is expected to continue its rally in 2029. By this year, investments in GPU devices are expected to hit trillions of dollars. Because of this, the token price might react positively and RNDR could trade at $40.

Render Token (RNDR) Price Prediction 2030

In 2039, the price of RNDR could hit $48.55 as demand for the token could be intense. Also, the community around Render might have hit millions in number, and this could lead to a price hike.

Render Token (RNDR) Price Prediction 2040

RNDR might swing sideways between 2030 and 2040. But in the end, the price of the cryptocurrency is expected to increase. On average, RNDR could trade at $50.50.

Minimum Price Average PriceMaximum Price
$43.36$50.50$56.42

Render Token (RNDR) Price Prediction 2050

Growth in the AI sector and crypto market could be incredible by 2050. As such, tokens operating in this economy might benefit. RNDR is one of those that could be affected, and its price could hit $75 at maximum.

Minimum Price Average PriceMaximum Price
$60.02$68.90$75

Conclusion

Finally, Render Token has shown that beyond price, it could be a very useful project. As such, the price of the token might increase in the coming years. However, prospective investors need to watch out for pullbacks as this is bound to happen.

While this could cause fear, it does not imply that RNDR would be a bad investment. But it would be better to keep an eye out for updates about the project.

FAQs

What is RNDR?

RNDR is the native Render Token cryptocurrency used in engaging node operators in the GPU space and also for payments.

How do you buy RNDR?

After the private and public sale a few years back, you can now buy RNDR on exchanges. Some of the exchanges to buy the token include Binance, Coinbase, Bybit, OKX, and more.

Is RNDR a good investment?

With a 26,649% all-time increase, RNDR has proven to be a good investment. Besides that, anyone who bought the token when 2024 began would be sitting on a 119% return. Therefore, RNDR has been a good investment and might remain so in the coming years due to its fundamentals.

What is RNDR’s all-time high?

RNDR’s all-time high was $13.95 in March 2023.

Will RNDR reach $20 soon?

RNDR can reach $20 if it maintains the performance it has had all year long. In less than six months, the price of the token has doubled. Should another repeat come to life, then RNDR might hit $20 before the end of 2024.

What is the maximum supply of RNDR?

The maximum supply of RNDR is 536.87 million tokens.

Will RNDR surpass its current ATH?

Yes, RNDR can surpass its all-time high. Currently, the token only needs a less than 40% increase to surpass the ATH. Since this is achievable, the RNDR will surpass the ATH.

What is the lowest price of RNDR?

The lowest price of RNDR was $0.036 in 2018.

Who is the founder of RNDR?

Jules Urbach is the founder of Render.

Which year was RNDR launched?

RNDR was launched in 2017.

How do I store RNDR?

You can store RNDR on Ethereum-based wallets. Also, if you want extra security, you can store the tokens on hardware wallets so you can avoid breaches or hacks.

What will be the price of RNDR in 2024?

RNDR’s price might hit $19.50 by the end of 2024.

What will be the price of RNDR in 2025?

RNDR’s price could be $27 by 2025.

What will be the price of RNDR in 2026?

In 2026, RNDR’s price might decrease to $18.35.

What will be the price of RNDR in 2027?

By the end of 2027, the price of RNDR could be $15.

What will be the price of RNDR in 2028?

The price of RNDR might hit $32 in 2028.

What will be the price of RNDR in 2029?

By 2029, the price of the token could be $40.

What will be the price of RNDR in 2030?

RNDR’s price is expected to reach $48.55 in 2030.

What will be the price of RNDR in 2040?

The price of RNDR might be $56.42 in 2040.

What will be the price of RNDR in 2050?

RNDR’s price could be $75 in 2050.

Disclaimer: The information presented in this article is for informational and educational purposes only. The article does not constitute financial advice or advice of any kind. Coin Edition is not responsible for any losses incurred as a result of the utilization of content, products, or services mentioned. Readers are advised to exercise caution before taking any action related to the company.