What Is Render Crypto?
Render crypto is a decentralised GPU visualisation network that runs on the Ethereum blockchain. It aims to link mining associates looking to rent their GPU skills with artists and studios in need of GPU computing power.
OTOY, Inc., a major player in the rendering industry, launched the network in 2017 after its founding in 2009 by CEO Jules Urbach. Artists on this network trade GPU computation power for RNDR, an ERC-20 utility token, with GPU providers, also referred to as node operators.
The network ensures that all artwork is verified before release and payment disbursement through a combination of instant proof-of-work systems and manual proof of render.
According to Render crypto news, the price of RNDR has shown some upward movement in recent trading, with fluctuations in its 24-hour trading volume. Despite this, it remains below its recent highs but has outperformed certain market indices over the past week.
What Does Render Crypto Do?
To make next-generation 3D rendering widely available, Render Network aims to democratise GPU cloud rendering services.
It offers a platform for a broad range of computation tasks that are quickly and effectively facilitated in a peer-to-peer network based on leveraging blockchain technology, from simple rendering services to artificial intelligence.
The purpose of Render is to link users who want to complete render jobs with those who have unused GPU power to organise the renders.
Animators, artists, architects, designers, and engineers can use the network, which offers previously unheard-of creative freedom, new realism, and new economics in cloud-powered content creation and distribution.
How Does the RNDR Network Work?
The RNDR ecosystem was initially built on the Ethereum blockchain. Holders of RNDR Tokens could store them in any wallet compliant with ERC-20 and trade them on any ERC-20-compliant exchange.
RNDR Network users shared their tasks with the community, and the platform automatically calculated the required number of RNDR Tokens to complete each task, transmitting the data over the network with the smart contract’s specifications.
Following a community vote, the network has transitioned to using the RENDER token on the Solana blockchain, benefiting from faster transactions and lower fees. Users are encouraged to upgrade their RNDR tokens to RENDER, with incentives for early adopters. Major exchanges like Binance and Coinbase are facilitating this transition.
RENDER/USDT 5-Day Chart
Render Crypto Price Analysis
The price of RNDR is currently $6.59, and its 24-hour trading volume is $51.04 million, according to real-time data. The RNDR price prediction over the past 24 hours is +2.16%. At the moment, it is 11.71% below its 7-day all-time low of $5.90 and -5.61% below its 7-day maximum of $6.98. A maximum supply of 532.22 M RNDR and a circulatory supply of 392.46 M RNDR are both known for RNDR.
According to the price history, Render crypto has dropped in price by -4.20% over the past seven days, underperforming both the 1.00% increase in the global crypto market and the 0.00% increase in the GMCI 30 Index of comparable cryptocurrencies.
Render is traded on 45 exchanges and 57 markets, with Binance being the busiest. With a $2.56 billion market valuation, Render currently holds a 0.10% market share in all cryptocurrencies. More information about Render is available on the block explorer and on its official website.
With a market valuation of $2,589,162,668, RENDER is currently ranked #38 on CoinGecko. The market cap is calculated by multiplying the token price by the total number of RENDER tokens in circulation. Currently, 390 million tokens are actively traded on the market.
Render Crypto Price Prediction
2024
With a trading activity of $156.093 million or a change of +4.46%, the RNDR price saw a jump of about 3% over the previous day amidst increased price volatility in the cryptocurrency market. The convenience Render offers to artists and studios contributes significantly to positive sentiment, ensuring ongoing demand for its services.
The SMA indicator, showing mixed sentiment, is about to record a bullish consolidation in its 1D time frame. However, the price of RNDR is expected to move toward its top resistance level if the market maintains its bullish outlook. Conversely, a bearish reversal could see the token drop to a critical support level.
2025 – 2030
If the ecosystem draws institutional funding while simultaneously promoting increased adoptions and partnerships, it may smash cost records and gain stronger price momentum with a higher market value. By the end of 2025, the price may increase successively to a maximum of $24.63.
But if more formidable competition from developing rivals arises, the price might drop to $18.11. The average price may reach $21.37 when the bearish and bullish targets are balanced.
Our analysts predict that the price of the RNDR Token in 2026 may range from $22.89 to $29.81, with an average price of $26.35.
In 2027, the RNDR price may vary from $25.38 to $37.56, with an average price of approximately $31.47.
By 2028, the average price of RNDR could be around $37.82, with a range of $31.12 to $44.52.
In 2029, the RNDR price might average $44.37, ranging from $38.54 to $50.21.
In 2030, RNDR prices could vary from $46.23 to $58.67, with an average price of about $52.45.
How & Where to Buy Render Crypto on Binance
Create a Free Account on Binance
You can purchase Render and other cryptocurrencies on Binance, a centralised exchange. To use Binance, you must first create an account and complete identity verification.
Sign up using the Binance app. Register on the website with your phone number and email address.
Buy Render with Credit/Debit Card
- Visit the Binance page to purchase RENDER with USD.
- From the dropdown menu, choose USD and RENDER.
- On the “Confirm” screen, select “Card” as a means of payment.
- If you haven’t used a credit or debit card to buy cryptocurrency on Binance before, “Add New Card” will show up. Enter the card’s information by clicking “Add New Card,” then click “Confirm.”
- Verify the order details and the time limit on the payment page. For a new quote, use “Refresh.”
- To submit your order, click “Confirm.”
- Your bank’s OTP payment page will be displayed after the redirection. The payment will be verified if you follow the instructions.
- Upon confirmation, the coin will show up in the Spot Wallet.
Through Apple or Google Pay
- Go to Binance’s “Buy Render Crypto with USD” page.
- Choose USD and Render from the dropdown menu.
- Select “Apple Pay” or “Google Pay” as your form of payment, then click “Confirm.”
- Press the “Purchase” button.
- Verify information and verify the order within the allotted time on the payment confirmation page. For a fresh quote, select “Refresh.”
- Place your order by clicking “Confirm.”
- You’ll see the coin in the Spot Wallet.
After purchasing your cryptocurrency, you can either keep it in your Binance account or store it in your wallet. For passive income, you can also invest it on Binance Earn or trade it for other cryptocurrencies.
For decentralised storage of Render, consider Trust Wallet, which supports numerous assets and blockchains.
The post Render Crypto: Bridging GPUs and Creativity appeared first on FinanceBrokerage.
