In 2023, Render Network’s token defied all expectations and outperformed most of its competitors. At the same time, the Render Foundation has undertaken a critical step in the platform’s development: a migration to Solana. What should you expect with all this in mind? Read our fundamental and technical analysis for the important context and proceed to the Render price prediction for 2024 and up to 2034.
Render Price Forecast 2024–2034
- There is a large difference between bullish and bearish RNDR predictions in both short and especially long terms. Nevertheless, both scenarios see it eventually beating the current ATH.
- Bullish expectations from the RNDR price put its value above the ATH across all time frames. After 2029, bulls predict a massive leap up to $80.
- Bearish and moderate forecasts, however, admit that by 2028, RNDR can approach double-digit prices. However, soon after that, the most pessimistic prediction sees it drop to 20 cents.
What is Render and RNDR Crypto?
Render (RNDR) is a utility token that powers the Render Network, a decentralized cloud rendering platform. RNDR enables users to access high-performance computing power for rendering complex graphics and animations. By utilizing blockchain technology, the Render Network connects idle GPUs around the world, creating a distributed network that offers fast and cost-effective rendering services.
RNDR tokens are used for payment and incentivization within the network to let users easily access rendering resources and earn rewards for contributing their computing power. With its decentralized and efficient approach, RNDR aims to disrupt the traditional rendering industry and provide a seamless experience for artists and designers.
Marketplaces for computing resources are a familiar idea in the crypto space but Render makes the next step to specialize even further. Decentralizing and democratizing GPU resources is a solid use case that warrants high expectations for RNDR. The token usage is steadily growing, and more use cases such as augmented reality, metaverse, and virtual reality are listed on the official website.
Render (RNDR) Price History
Render Price in 2020–2021
Render (RNDR) is a creation of OTOY Inc., a company led by Jules Urbach. The idea of a decentralized rendering capacity marketplace first appeared in 2009 but it wasn’t until an ICO boom it started to shape into the Render Network. The RNDR presales spanned from October 2017 to May 2018, and the mainnet launch was in April 2020.
It was a fine time to start because the crypto market was in full recovery from the crypto winter but was not yet overheated. During 2020, the RNDR price stayed between $0.1 and $0.25.
2021, though, would be a different story. The crypto market started to pick up the pace for a Bitcoin bull run. Render (RNDR) was ahead of the trend and pumped in March up to $2.5. Of course, by November, when the rest of the market was on a tear, RNDR flew once more, and farther this time. On November 21, 2021, Render reached its all-time high price of $8.76.
Render Price in 2022–2024
The Render price action in early 2022 echoed the broader market trend: it started to pull back and declined in price until mid-year. By July, RNDR was worth $0.5 again. It would be trading around these levels for the remainder of the year, except for a surge to $0.9 in November. A possible explanation for this could be the news of a collaboration with Beeple, which was not finalized.
After a year of a downtrend, 2023 for most crypto assets has been more optimistic but still not too bullish. However, it was not the case for Render: it managed to grow considerably, outperforming the market. By the end of 2023, its price rallied to $5. Keep reading for a detailed explanation of why!
At the time of writing, RNDR is worth $4.66 and the coin ranks 46th by market capitalization according to CoinMarketCap.
What Influences the Price of the Render Token (RNDR)?
The main topic for the Render Network community these days is the ongoing migration to the Solana blockchain. It has been in the plans since 2021 but the action started in 2023 with the RNP-002 proposal. The community was far from unanimous in voting for the migration from Polygon, and in the end, about one-third of the votes were cast against it.
According to the proposal, Render Network is to gradually migrate its infrastructure to Solana. Its Ethereum- and Polygon-based assets, including the RNDR token, are to remain intact but without support from the Render Foundation. Alongside the migration, Render Network implements RNP-003, a new tokenomic model — burn-and-mint equilibrium (BME) and a new SPL token RENDER.
The ERC-20 token RNDR will not cease to exist but after a transitory period, it will become unusable on the Render Network. The Render Foundation chose to incentivize transition over forcing the users to go along with it. The incentives program is valid through October 2024.
Adoption and Network Growth
The main rationale for such a drastic change in the way Render’s platform works was consistently the scaling and stability. OTOY built the Render Network hoping that one day it will scale to thousands of users and millions of jobs.
Due to the nature of the project, Render has a lot of value to offer to other crypto-adjacent companies and platforms and can benefit from strategic partnerships with them. For now, there has been news only about small-scale partnerships. However, some names well-known in the industry are on their radar: Brave, Decentraland, and Siacoin among others.
The upward trend that Render has been experiencing since early 2023 can be attributed to the rise of the AI narrative. Renting computing power turned out to be a service in high demand not only for digital creators but also for machine learning (ML) and large language models (LLMs). The process of “training” a model is a resource-intensive one, and Render’s outsourcing is the right match for this type of work.
As such, Render is now included in the category of “AI coins”, which are on the rise due to the general trend in the tech industry. Narratives can work wonders for the perceived value of an asset: for comparison, it is believed that the “digital gold” narrative helps Bitcoin to be perceived as more valuable.
RNDR Price Forecast and Analysis
On the daily chart, Render (RNDR) looks strong: the relative strength index has made a bullish crossover with its simple average. It stays well within its bounds, hinting that the asset is nowhere near overbought yet.
Since the start of 2024, RNDR’s price printed a rectangle pattern right between 0.786 and 0.618 Fibonacci extensions ($4.36 and $3.7 respectively). It looks like it is breaking out to the upside, so the closest resistance level on its path will be $5.2.
Render Price Prediction for 2024
The analysis by AMB Crypto takes the RNDR to RENDER migration into account and analyzes the asset price accordingly. They recognize its growth potential and suggest watching the $1.2–1.5 level to accumulate. At the same time, since RNDR is being phased out and stripped of its utility, they are hesitant to encourage anyone to buy it. Their algorithm, on the other hand, projects RNDR for $9–10 by the fourth week of February and $4.46–5.13 by mid-2024.
The price and technical analysis by The News Crypto promises big things for RNDR in the short term. If the pattern that is forming right now is indeed a cup and handle, the Render token price has the potential to break out to $49.2. This is not their only hypothesis, though: they also admit that RNDR can either stall at resistances of $4.93 and $8 or drop to support levels of $2.95 and $1.85.
YouTuber D0c Crypto uses an alternative approach that mirrors last year’s price action. He believes the release of Apple Pro Vision in early February and the Nvidia conference in March can generate enough hype around Render Network to carry it above $9.
Render Price Prediction 2025
The BTCC Academy RNDR forecast for 2025 expects it to reach a new ATH by then. It has the potential to grow as high as $9.23. At the very least, its value should stay no lower than $5.91.
An RNDR price prediction by CoinCodex is made with their original algorithm that projects future prices based on historical price analysis. In a year from now, RNDR is expected to be trading for around $7.08, which is incidentally the maximum expected price in 2025. The estimated price range for RNDR to be trading during 2025, according to their forecast, is between $3.83 and that.
CoinCheckup, another source that uses a similar algorithm, forecasts that RNDR will increase by 57.43% in a year. This makes the price of RNDR at the start of 2025 about $6.71. Interestingly enough, compared to a year ago, the current RNDR price is up 280% (according to data from CoinMarketCap). Not exactly a bearish prediction but very moderate for sure.
Render Price Prediction 2026–2029
What’s the forecast range between the minimum and maximum price of Render (RNDR) from 2026 to 2029? The consensus is that the RNDR price will keep growing but sources disagree about its tempo.
Render Token Price Prediction 2030 and 2034
There is some historical data for Render but it is not enough for such long-term forecasts. In case this does not discourage you and you still want to peer into the crystal ball, here are some Render price predictions for 2030 and ten years ahead.
According to the Coin Price Forecast portal, in 2030 RNDR’s price will gradually grow from $55.94 to $63.79. On the same trajectory of organic growth, by 2034 it will already be worth $81.89 and the maximum price of RNDR can reach $87.06.
Alternatively, Coin Data Flow’s experimental prediction model claims that in 2030, RNDR can grow by up to 490.79%, and in ten years by 2034, by 840.03%. This would make Render’s maximum price $26.7 and $42.48 in 2030 and 2034 respectively. As for the minimum price, it would be $7.76 in 2030 and $13.29 in 2034.
The CoinLore portal’s predictions seem to be covering the maximum of their bases by providing the broadest price range possible. By 2030 RENDER’s price will land somewhere in the generous range of $0.23–33.27. In 2030 and 2034 alike the market will be experiencing a bearish phase. With that in mind, the average trading price of RNDR in 2034 can go down from the price peak to anywhere between $3.63 and $67.01.
How to Exchange RNDR?
Get RNDR tokens on ChangeHero at the best rates and with no registration! Just follow these steps:
- Choose the currencies on the home page, amounts, and the type of exchange. Provide your wallet address in the next step, and check the amounts;
- Send a single transaction in the cryptocurrency you will be exchanging. Fixed Rate transactions have a 15-minute limit;
- All done? Now we are doing all the work: confirming the incoming transaction and as soon as it arrives, performing the exchange;
- Once the exchange has been processed, your RNDR is immediately on the way to your wallet.
Our customer support is available any time, any day in the chat on the website or through the email: [email protected].
Since early 2023, the Render (RNDR) token has been one of the best assets to have in a crypto portfolio. Will it change once the platform migrates to Solana and the burn-and-mint equilibrium is in full swing? Only time will tell!
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Frequently Asked Questions
What will the Render price be in 2025?
Various sources and methods provide future targets for the 2025 RNDR price between $3.83 and $9.23.
What is the price prediction for the Render coin in 2030?
In an aggregate RNDR price prediction sourced from multiple methods, the RNDR prices are expected to fluctuate between $0.23 and $63.79 by 2030.
Is RNDR crypto a good investment?
Opinions are divided on whether RNDR is a good investment or not. On the one hand, this asset seems to have growth potential. On the other hand, the ERC-20 token RNDR will soon be dropped by the Render Network platform in favor of the SPL token RENDER.
How high will the Render token go?
During the upcoming bull run of Bitcoin, estimated to happen around 2025, the Render (RNDR) token can reach a new ATH and exceed $9.
What is the price prediction for RNDR in 2024?
There are differing predictions for RNDR’s 2024 price target, with estimates spanning from $1.85 to $10.61 across multiple sources.
This article is not a piece of financial or investment advice. No price prediction is guaranteed to provide exact information on the future price.
When dealing with cryptocurrencies, remember that they are extremely volatile and thus, a high-risk investment. Always make sure to stay informed and be aware of those risks. Consider investing in cryptocurrencies only after careful consideration and analysis of your own research and at your own risk.