What is Render Network? RNDR Price Prediction 2023, 2024, 2025
RNDR is a new way for people who make cool 3D pictures and videos to share them with others and make money if they want to. It’s like a big online market where artists can show their work and people who want to use it can pay for it. It’s also safe and secure because it uses a special technology called blockchain. This will help make things like movies, games, and even news better and faster in the future!
For anyone who is into designing and video editing, will know how much time it takes to render high quality videos, and the importance of GPU in rendering. Render Network makes it possible for you to share power of GPUs in a decentralised manner that brings down the rendering time by a huge margin. For someone who want’s to understand how much it helps, check out the following tweet. RNDR token is what it makes the network decentralised.
RNDR token is on a downtrend in August 2023. So is it a good time to buy RNDR token?
Before that, let’s learn – What is RNDR? Is it a good coin to hold? What in RNDR price prediction for 2023 to 2030?
What we are going to learn?
What is Render Network?
The Render Network is a network for distributed GPU rendering that uses advanced software from OTOY Inc. to connect individuals or organizations who need access to GPU computing power (GPU Requestors) with those who provide it (GPU Providers) in a marketplace setting.
What is Rendering?
Rendering, also known as image synthesis, is the process of creating a lifelike image or scene from a computer model. This is an essential element in many of our technological devices, such as smartphones and computers, which constantly display images, videos, and games. Renderings can range from simple 2D cartoons to complex scenes in blockbuster movies like Transformers.
The field of rendering is advancing rapidly, with recent breakthroughs allowing for instant, real-time rendering of photorealistic scenes using tens of thousands of parallel GPUs in the cloud. It’s a significant improvement from just a decade ago when rendering a single animated frame could take as long as 6.5 hours, as in the case of Ratatouille.
|Tags||Art, Media, AI & Big Data, Distributed Computing|
|Circulating Supply||371,908,453 RNDR|
What is RNDR tokens and what are its use-cases?
RNDR token is a cryptocurrency that facilitates the rendering and streaming of complex virtual works by enabling GPU-based render jobs to be distributed and processed on a peer-to-peer network. This will simplify the transactional process of rendering and streaming 3D environments, models, and objects for end users.
The Render Network, powered by RNDR, will also expand to include crowd-sourced 3D projects and digital rights management, creating a marketplace to fund digital ideas, assets, and applications that are accessible to anyone.
Why did RNDR price go uo in May 2023?
🚀In 2023, $RNDR has witnessed explosive growth, and here are five significant reasons you may not be familiar with:
- Impressive Revenue Surge: Within half a year, the monthly revenue of $RNDR has skyrocketed from $100K to $500K.
- Increased Staking Ratio: Over the same six-month period, the staking ratio for $RNDR has surged from 45% to an impressive 71%.
- Token Burn Mechanism: $RNDR operates on a burn-to-mint model, where consumers must burn tokens to acquire access credits. To date, an astonishing 25 million RNDR tokens have been burned.
- Prominent Partnerships: In recent months, Render Network has forged strategic partnerships with industry giants such as Adobe and Bender.
- Transition to Solana Blockchain: According to their latest technical roadmap, Render Network is set to migrate to the Solana Blockchain, marking a significant development for the platform.
RNDR Price Prediction 2023
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RNDR is an ERC20 token of the Render Network, a distributed GPU rendering network launched in 2017 and backed by OTOY, its parent company. RNDR has been gaining popularity in recent times with a trading volume of more than 200MUSD per day this month.
Based on RNDR price prediction for 2023, it is expected to perform well with a maximum price of $3.83 and a minimum price of $0.40USD in June 2023.
The CEO Jules Urbach’s vision of transforming distributed GPU compute power into a decentralized economy of connected 3D assets has been a driving force behind RNDR’s success. With a circulating supply of 363,911,539 RNDR, the token has already gained a significant market cap and is expected to see positive growth in the coming years.
RNDR Price Prediction 2024
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RNDR, which is among the top 50 cryptocurrencies by marketcap, is expected to grow significantly in 2024. RNDR is a decentralised rendering solution that enables image and video rendering to be processed using a distributed GPU rendering network.
According to RNDR Price Prediction for 2024, the price of RNDR is expected to reach a maximum of $12.79 and a minimum of $3.52. With RNDR’s listing on Binance, it has a trading volume of more than 200M USD per day this month, and a marketcap of more than a Billion dollar. It is considered to be a good altcoin to hold in 2024, especially as more people recognize its potential for rendering and streaming intricate virtual works.
RNDR Price Prediction 2025
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According to the RNDR price predictions for 2025, the maximum price for January 2025 could be $10.66, while the minimum price may be around $8.20. However, as the year progresses, the maximum predicted price for RNDR could be as high as $25.48 in December, with the minimum price hovering around $18.83. It is important to note that these predictions are based on an overall crypto bull market and may be subject to changes based on market fluctuations.
However, if RNDR continues its growth trajectory, it could touch an all-time high of $25.48, making it a good time to sell. With a more than 250% gain predicted for this year, RNDR may prove to be a promising investment, and the maximum RNDR price prediction for 2025 is definitely worth considering for those interested in the altcoin market.
RNDR Price Prediction 2026
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RNDR Price prediction 2027
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RNDR Price Prediction 2028 to 2030
2028 to 2030
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How to buy RNDR token?
You can buy RNDR token from top tier exchanges like Binance, Coinbase and Kucoin.
If you are a fan of decentralised exchange, you can buy from Uniswap or Quickswap. The token is available on Polygon or Ethereum network. To save gas fee, you are advised to buy on Polygon network.
Also read: Can BTC reach 100,000USD?
Can RNDR reach 10USD in 2023?
According to our price prediction, RNDR can at max reach $3.83 in 2023. However, RNDR is expected to cross 10USD by the end of 2024. Maximum price prediction for RNDR in 2024 is $12.79.
What is RNDR price prediction for 2025?
2025 is a year of bull. RNDR token is expected to trade in between $5.76 and $25.48. From the current price, one can expect a minimum of 225% gain and a maximum of 10x profit.
Where will RNDR reach in 5 years?
5 years from now is 2028. 2028 is expected to be a bear market for overall crypto, including RNDR. RNDR token is expected to trade in between $1.26 and $5.17 in 2028.
What is RNDR price prediction for 2030?
RNDR price prediction 2030 suggest the token could be trading in between $21.97 and $64.65.
Will RNDR reach 100USD?
At 100USD, and a total supply of 536,870,912 tokens, RNDR will have a marketcap of 53,687,091,200 USD which is close to current marketcap of BNB. I think this is very much possible, however, I do not see this happening before 2040 or 2050. I like the usecases of RNDR token and that there is not any competition from web 3.0 companies.
Is RNDR a good investment?
I like RNDR as it provides a decentralized rendering solution that could be used by artists, designers, and other creative professionals to render high-quality images and videos without relying on centralized providers, which could potentially save them time and money while also giving them greater control over the rendering process.
At the current trading price, I think RNDR is a good investment to make. I added a small amount of RNDR token to my short term portfolio, which I plan to sell at a 200% gain. If you plan to invest in RNDR in 2023, make sure to not to put a large chunk of your portfolio in this altcoin. I personally would not be putting any more than 0.05% of my entire networth.