Crypto News

Render Token (RNDR) Price Prediction 2023, 2024, 2025-2030

Render Token (RNDR) Price Prediction 2023, 2024, 2025-2030

  • Bullish RNDR price prediction for 2023 is $2.804 to $4.206.
  • Render Token (RNDR) price might reach $5 soon.
  • Bearish (RNDR) price prediction for 2023 is $1.090.

In this Render Token (RNDR) price prediction 2023, 2024-2030,  we will analyze the price patterns of RNDR by using accurate trader-friendly technical analysis indicators and predict the future movement of the cryptocurrency

TABLE OF CONTENTS
INTRODUCTION
  • Render Token (RNDR) Current Market Render Token (RNDR)
  • What is Render Token (RNDR)?
  • Render Token (RNDR) 24H Technicals
RENDER TOKEN (RNDR) PRICE PREDICTION 2023
  • Render Token (RNDR) Support and Resistance Levels
  • Render Token (RNDR) Price Prediction 2023 — RVOL, MA, and RSI
  • Render Token (RNDR) Price Prediction 2023 — ADX, RVI
  • Comparison of RNDR with BTC, ETH
RENDER TOKEN (RNDR) PRICE PREDICTION 2024, 2025, 2026-2030
CONCLUSION
FAQ

Render Token (RNDR) Current Market Status

Current Price $1.70
24 – Hour Price Change 2.41% Up
24 – Hour Trading Volume $37,171,899
Market Cap $629,415,611
Circulating Supply 369,614,008 RNDR
All – Time High $8.76 (On Nov 21, 2021)  
All – Time Low $0.03676 (On Jun 16, 2020)  
BNB Current Market Status (Source: CoinMarketCap)

Render Token 24H Technicals

(Source: TradingView)

What is Render Token (RNDR)

TICKERRNDR
BLOCKCHAINRender Token
CATEGORYEthereum Mainnet
LAUNCHED ONApril 2020
UTILITIESGovernance, security, gas fees & rewards

Render Token (RNDR) is an Ethereum token that powers Render Network, a protocol that enables distributed graphics processing. Render token (RNDR) will make the process of rendering and streaming intricate virtual works easier for all users. It will allow complex GPU-based render jobs to be distributed and processed on a peer-to-peer network, making the transactional process of rendering and streaming 3D environments, models, and objects much simpler for end-users. 

Render Token (RNDR) Price Prediction 2023

Render Token (RNDR) ranks 62nd on CoinMarketCap in terms of its market capitalization. The overview of the Render Token price prediction for 2023 is explained below with a daily time frame.

RNDR/USDT Ascending Channel Pattern (Source: Tradingview)

The above chart of Render Token (RNDR)laid out a falling wedge pattern. In a falling wedge pattern, both the upper trend line which connects the highs and the lower trend line which connects the lows converge downwards. The wedge pattern in general indicates a trend reversal. Especially, the falling wedge signals a bullish reversal. 

This pattern indicates a breakout in the price trend towards an upswing. From the above chart, we can interpret that the momentum of the downtrend is slowing down.

At the time of analysis, the price of Render Token (RNDR) was recorded at $0.5956. If the pattern trend continues, then the price of RNDR might reach the resistance levels of $1.781 and $2.233. If the trend reverses, then the price of RNDR may fall to the support of $1.534.

Render Token (RNDR) Resistance and Support Levels

The chart given below elucidates the possible resistance and support levels of Render Token (RNDR) in 2023.

RNDR/USDT Resistance and Support Levels (Source: Tradingview)

From the above chart, we can analyze and identify the following as resistance and support levels of Render Token (RNDR) for 2023.

Resistance Level 1$2.804
Resistance Level 2$4.206
Support Level 1$1.599
Support Level 2$1.090
RNDR Resistance & Support Levels

Render Token (RNDR) Price Prediction 2023 — RVOL, MA, and RSI

The technical analysis indicators such as Relative Volume (RVOL), Moving Average (MA), and Relative Strength Index (RSI) of Render Token (RNDR) are shown in the chart below.

RNDR/USDT RVOL, MA, RSI (Source: Tradingview)

From the readings on the chart above, we can make the following inferences regarding the current Render Token (RNDR) market in 2023.

INDICATORPURPOSEREADINGINFERENCE
50-Day Moving Average (50MA)Nature of the current trend by comparing the average price over 50 days50 MA = $1.897Price = $1.654
(50MA > Price)
Bearish(Downtrend)
Relative Strength Index (RSI)Magnitude of price change;Analyzing oversold & overbought conditions37.25
<30 = Oversold
50-70 = Neutral>70 = Overbought
Nearly Oversold
Relative Volume (RVOL)Asset’s trading volume in relation to its recent average volumesBelow cutoff lineWeak Volume

Render Token (RNDR) Price Prediction 2023 — ADX, RVI

In the below chart, we analyze the strength and volatility of Render Token (RNDR) using the following technical analysis indicators — Average Directional Index (ADX) and Relative Volatility Index (RVI).

RNDR/USDT ADX, RVI (Source: Tradingview)

From the readings on the chart above, we can make the following inferences regarding the price momentum of Render Token (RNDR).

INDICATORPURPOSEREADINGINFERENCE
Average Directional Index (ADX)Strength of the trend momentum30.805Strong Trend
Relative Volatility Index (RVI)Volatility over a specific period59.85
<50 = Low
>50 = High
High Volatility

Comparison of RNDR with BTC, ETH

Let us now compare the price movements of Render Token (RNDR) with that of Bitcoin (BTC), and Ethereum (ETH).

BTC Vs ETH Vs RNDR Price Comparison (Source: Tradingview)

From the above chart, we can interpret that the price action of RNDR is similar to that of BTC and ETH. That is, when the price of BTC and ETH increases or decreases, the price of RNDR also increases or decreases respectively.

Render Token (RNDR) Price Prediction 2024, 2025 – 2030

With the help of the aforementioned technical analysis indicators and trend patterns, let us predict the price of Render Token (RNDR) between 2024, 2025, 2026, 2027, 2028, 2029 and 2030.

Year Bullish Price Bearish Price
Render Token (RNDR) Price Prediction 2024$6$4
Render Token (RNDR) Price Prediction 2025$7$3
Render Token (RNDR) Price Prediction 2026$8$3
Render Token (RNDR) Price Prediction 2027$9$2
Render Token (RNDR) Price Prediction 2028$10$1
Render Token (RNDR) Price Prediction 2029$13$0.7
Render Token (RNDR) Price Prediction 2030$15$0.5

Conclusion

If Render Token (RNDR) establishes itself as a good investment in 2023, this year would be favorable to the cryptocurrency. In conclusion, the bullish Render Token (RNDR) price prediction for 2023 is $4.206. Comparatively, if unfavorable sentiment is triggered, the bearish Render Token (RNDR) price prediction for 2023 is $1.090. 

If the market momentum and investors’ sentiment positively elevates, then Render Token (RNDR) might hit $5. Furthermore, with future upgrades and advancements in the Render Token ecosystem, RNDR might surpass its current all-time high (ATH) of $8.76 and mark its new ATH. 

FAQ

1. What is Render Token (RNDR) ?

Render Token (RNDR) runs on its native Render Token blockchain which was launched in 2018. It is based on the delegated proof-of-stake (DPoS) consensus mechanism.

2. Where can you buy a Render Token (RNDR) ?

Traders can trade Render Token (RNDR)  on the following cryptocurrency exchanges such as Binance, Deepcoin, Bitunix, Bybit, and Bitrue.

3. Will Render Token (RNDR) record a new ATH soon?

With the ongoing developments and upgrades within the Render Token platform, Render Token (RNDR)  has a high possibility of reaching its ATH soon.

4. What is the current all-time high (ATH) of Render Token (RNDR) ?

Render Token (RNDR)  hit its current all-time high (ATH) of $8.7608 On November 21, 2021.

5. What is the lowest price of Render Token (RNDR) ?

According to CoinMarketCap, RNDR hit its all-time low (ATL) of $0.03676 on June 16, 2020.

6. Will Render Token (RNDR) hit $5?

If Render Token (RNDR)  becomes one of the active cryptocurrencies that majorly maintain a bullish trend, it might rally to hit $5 soon.

7. What will be the Render Token (RNDR)  price by 2024?

Render Token (RNDR)  price might reach $6 by 2024.

8. What will be the Render Token (RNDR)  price by 2025?

Render Token (RNDR)  price might reach $7 by 2025.

9. What will be the Render Token (RNDR)  price by 2026?

Render Token (RNDR)  price might reach $8 by 2026.

10. What will be the Render Token (RNDR)  price by 2027?

Render Token (RNDR)  price might reach $9 by 2027.

Top Crypto Predictions

Wrapped Bitcoin (WBTC) Price Prediction 2023

Binance Coin (BNB) Price Prediction 2023

Stacks (STX) Price Prediction 2023

Disclaimer: The opinion expressed in this chart is solely the author’s. It does not represent any investment advice. TheNewsCrypto team encourages all to do their own research before investing.

Read more: https://thenewscrypto.com/render-token-rndr-price-prediction/

Text source: TheNewsCrypto – Blockchain & Cryptocurrency News M

Disclaimer: Financial information and news are not financial advice, read the disclaimer.
Buy & sell Crypto in minutes

Join BINANCE!

The world's largest crypto exchange

You're just steps away from receiving your reward.

The most complete Crypto News Center.

Search Stories:

Latest top stories