Rendering refers to image synthesis or transforming a two-dimensional computer model into a photorealistic image or scene. Our smartphones and computers make our daily life images, videos, and games more accessible and more enjoyable using this technology. This technology is becoming more complex and beneficial with time and happens instantly nowadays instead of taking more than six hours as in the past. The Render Network works as a very efficient, powerful, and widely-scalable rendering network. They have a concept of democratizing GPU cloud rendering. The Render Network provides decentralized rendered solutions based on GPU, and its revolutionary digital creation process is leading the technological world.
Blockchain technology has now progressed enough to store, validate, and time-stamp complex mixes of technical data and can also take control of digital rights management and regular copying of complex digital assets for which time-stamped proof of authorship is crucial. With this level of evolution, there is a need for quick, secure, and efficient physical correction rendering tasks in a peer-to-peer network based on blockchain, with no mistakes or extra time consumed. That’s why Render Network has already designed the rendering process with a new unbearable level in the rendering. Render Network is now used in media, industry, augmented reality and mixed reality, gaming, medical and virtual reality. It is the first network to convert the GPU power compute into a decentralized economy of linked 3D assets.
Render (RNDR) Fundamental Analysis
The basic aim behind the formation of the Render Network was to connect users who want to do render jobs for others. When the GPU owners register their idle GPUs on the Render Network, they become “Node Operators” who can earn RNDR Tokens. To do so, they accept jobs from users in need. They are called Creators, and they send their files to the Render Network. These files get assigned to Operators. A small amount of the paid RNDR goes to the Render Network for facilitating the transaction and maintaining the network.
The owners connect their GPUs to the Render Network to use OctaneRender for receiving and completing render jobs. Users send RNDR to the person who performs their render work. OTOY is a hybrid cloud solution that combines hardware and software solutions to provide server rendering services for playing online games, interactive media, and high-definition content. OTOY also gets a small percentage of RNDR to run the Render Network and its transactions.
Render has some blockchain technology partners. One of them is Decentraland, a virtual blockchain. Another is Siacoin, a decentralized storage platform that is secured by blockchain. A constituent of digital advertising blockchain is called ‘basic attention token,’ and Algorand, a borderless economy is also a partner of Render Network. Render’s the visual world is evolving at a very high speed, as authoring and public graphics is a huge challenge, and the demand for high complex resolution and interactivity is increasing. RNDR makes the streaming, transactional, and rendering process more accessible for all virtual users, and jobs are transferred from a peer-to-peer network. It will also change crowdsourced 3D projects into digital rights management, transforming into a new marketplace for everyone to fund digital ideas, assets, and applications.
The RNDR Network creates a new scaled and efficient holographic media production level. The Network ecosystem allows the developers to monetize their idle GPUs by getting tokens for performing renders, resolving the inefficiency. Accumulated RNDR tokens can be used repeatedly to provide the users with elasticity and rapid scaling. Along with this, the Render network can easily detect untrusted nodes with end-to-end traceability. The network also removes the bottleneck at the final rendering stage, unleashing artistic creativity in new dimensions, making it cost-effective and speed-effective.
The first Phase of Render’s roadmap was set for the first quarter of 2018. It was marked with a post token sale. They also wanted to enable cloud rendering services on the orc.otoy.com website, while the blockchain will record and facilitate the rendering services and exchanging tokens. Initially, third-party servers or OTOY will handle these processes and prepare the framework for a credible shift into the peer-to-peer rendering framework.
The second phase of the roadmap was made for the second quarter of 2018. It highlighted the preparation and development of peer-to-peer transitions to leverage their ecosystem to keep about seven million users on board with the Render token platform on the ORC Network. They also wanted to make the interface straightforward for users and developers to adequately use their GPU power to perform their jobs in return for Render tokens. Another mission was to make and spread the structure for the back-end OTOY network, as it handles the valuable processing of the transactions through the Ethereum blockchain. The last goal for this phase was the beta launch and testing of the network.
In the third phase of render’s roadmap, they had planned the launch of the Peer-to-Peer Network and exchange in the third or fourth quarter of 2018. Along with this, they wanted to unleash the network’s maximum potential for helping users use the untapped GPU power from the already present resource pool. They also planned to make streamline back-end processes and completely automated facilitation to their jobs for the recipient through smart contracts and blockchain development.
The fourth and last phase dealt with ‘The Ultimate Vision (TBD).’ After setting up and running the peer-to-peer network, they will start focusing their efforts to reveal the actual value and potential of the render jobs refined by the Render Token and the ORC network. There will be an emphasis on the unique render creation and publishing, copyright protection, and custom streaming permissions skills that they will bring. So, gradually the rendering process using their framework will gradually be more worthy in new and unseen features. Developers will add more information on the approach to their future documents.
Developers and owners of the project have not published any roadmap. Still, they are trying to raise $70 million to cover the costs of marketing expansion, third-party services, unforeseen roadblocks, network development, and RNDR (phase I to IV). These funds will help them to aid the robust framework for building the powerful ecosystem that they have planned for this project’s future. Forty percent of the total funds will be used to encourage the operating and engineering team of the platform and for the future development of each phase from the roadmap.
Twenty-five percent of funds will run, maintain, and scale the network with the creation and development of new efficient solutions to render through GPU solutions affordably across the network. Twenty percent allocation will be for marketing and spreading the applications, ten percent for third-party services and contractors to give advice and tools to the project, and the remaining five percent for unpredicted shortcomings and situations. They strive to utilize earnings from the Token Sale to make the listed goals accurate and additional fund development for the future of this token.
Render Token (RNDR) Price Analysis
Render token was first open for trading on June 11, 2020. Its current price is $3.5, a total supply of 523 million, and a market capitalization of $689 million. It has a maximum supply of more than 549 million RNDR tokens, and the circulating supply is about 199 million tokens. Based on market cap rankings, RNDR is at number 99.
Crypto Academy Render Token (RNDR) Price Prediction 2022
|Months||Minimum Price||Average Price||Maximum Price|
Render Token (RNDR) Price Prediction January 2022: We predict the minimum price of Render Token to be $1.8 in January 2022 with an average price of around $3.6 and a maximum of nearly $4.58.
Render Token (RNDR) Price Forecast February 2022: For February 2022, we predict the minimum price of $3.8 or an average price of Render Token to be around $3.9, with a maximum price of $4.1.
Render Token (RNDR) Price Prediction March 2022: In March 2022, the minimum possible price of Render Token to be $4 with an average price of $4.2 or a maximum price of around $4.4.
Render Token (RNDR) Price Forecast April 2022: We expect the minimum possible price of around $4.3 in April 2022, with an average price of approximately $4.6 and a maximum price of about $4.8.
Render Token (RNDR) Price Prediction May 2022: Render Token may reach the minimum price value of $4.6 in May 2022, with an average price of $4.9 or a maximum of $5.1.
Render Token (RNDR) Price Forecast June 2022: We predict the minimum value of Render Token to be around $5 for June 2022, or the average price could be about $5.2, with a maximum of $5.4.
Render Token (RNDR) Price Prediction July 2022: For July 2022, we predict the minimum price of $5.3, with an average trading price of $5.5 and a maximum price level of $5.6.
Render Token (RNDR) Price Forecast August 2022: We forecast a minimum price of $5.5 for August 2022 with an average price level of Render Token to be around $5.7, with a maximum of $5.9.
Render Token (RNDR) Price Prediction September 2022: Render Token may come with the minimum price of $5.8 in September 2022 and with an average price of $6, or a maximum price of $Render Token to be about $6.1.
Render Token (RNDR) Price Forecast October 2022: In October 2022, the minimum price of Render Token can rise to a level of $5.9 and an average price of about $6.1 with a maximum price of $6.2 this month.
Render Token (RNDR) Price Prediction November 2022: We predict the minimum price of Render Token to be $6 with an average trading price of $6.2 and a maximum price of $6.3.
Render Token (RNDR) Price Prediction December 2022: We predict the price of Render Token might be a minimum of $6.2 or at an average of $6.4, with a maximum price of around $6.35 for December 2022.
Render Token (RNDR) Price Prediction 2022 Q1
The beginning of 2022 would be the start of Render Token’s price, and the first quarter may end with the minimum possible price of Render Token to be $4 with an average price of $4.2 or a maximum price of around $4.4.
Render Token (RNDR) Price Prediction 2022 Q2
The second quarter of 2022 may have a very high price rise due to the development of its network. The minimum value of Render Token to be around $5 for June 2022, or the average price could be about $5.2, with a maximum of $5.4.
Render Token (RNDR) Price Prediction 2022 Q3
RNDR may arrive with the minimum price of $5.8 in the third quarter with an average price of $6 or may reach a very high price of about $6.1 with increased prestige and popularity.
Render Token (RNDR) Price Prediction 2022 Q4
It may have an extremely bullish price in the fourth quarter of 2022 due to its progress in marketing and advertising for Render Token. At the end of the year, we predict the price of Render Token might be a minimum of $6.2 or at an average of $6.4, with a maximum price of around $6.35.
Crypto Academy Render Token (RNDR) Price Prediction 2023, 2024, 2025, 2026
Render Token (RNDR) Price Prediction 2023
There is a high chance of the average price of RNDR to reach about $9 by 2023. The year can end with a maximum price of $9.7 if more investors get attracted to it due to its unforeseen roadblocks. However, a minimum price level can be $9.8.
Render Token (RNDR) Price Prediction 2024
In 2024, the maximum trading price may reach $13 through massive adoption and partnerships with other blockchain networks. If the situation stays fine, we can expect an average price of $11 or a minimum of $10.5.
Render Token (RNDR) Price Prediction 2025
The Render Token’s present price range can attract many traders, and with profitable cooperations with monetary institutions, it can hit a maximum of $17 by the end of 2025. The average price can be $16 for 2025, but the price can reach the lowest level of $15.
Render Token (RNDR) Price Prediction 2026
In 2026, if the conditions remain suitable with a good bull run for Render Token, its price may cross $25 due to third-party services and increased appeal in its rendering services. The average trading price can be $23.5. Under unpredictable adverse circumstances, the minimum price can be $20.
Render (RNDR) Market Price Prediction
Here is what some of the market’s experts think about the future price of RNDR.
They expect the RNDR price to hit a maximum level of $5.81 at the end of 2022, while the average cost of the token (RNDR) might reach $4.98 by the end of 2022. Their five-year plan gave an estimation that the coin could quickly get $20.74 in 2027. According to them, RNDR can touch the maximum price of $141.87 by 2030.
Their Forecast system indicates that RNDR is a great long-term investment. Your 100 dollars investment in token today will be worth a total of 27.69 RNDR. They consider its price to be about $25.09 in 2027. So, in five years, they expect revenue of around +594.96% and the current $100 investment rising up to $694.96 in 2027.
According to Trading Beasts, the Render Token price is in declining movement, and its average price can be $3.27. By the end of 2023, they expect an average Render Token price of $4.07 and an average price of $5.5 by the end of 2025.
Tech News Leader
They predicted an average price of RNDR of around $4.48 to $4.63 in 2022. The maximum price of RNDR can be ranging from $4.48 to $5.30 in the same year. The token can be as high as $7.13 in a year. There can be an average price of $15.20, with a maximum price of $17.20 and a minimum price of $14.8 by the end of 2025. In five years, its worth can be $23.86 and can be $157.53 in ten years.
They estimate the price of the token to be $7.85 in the year 2022 and $8.87 in 2023. In 2025, the estimated price can be around $12.4.
According to Cryptofriends.io, RNDR can have a positive growth of 100% to 200% during the year 2022 to 2025.
How to buy Render (RNDR)?
RNDR is listed on many crypto exchanges but cannot be bought using fiat money. But, you can still buy RNDR by first purchasing a significant cryptocurrency, like Bitcoin, from a fiat-to-crypto exchange and then exchanging it at a platform that offers the trade of this coin. Following is a step-by-step guide for buying this token.
Step 1: Create an Account
To buy Bitcoin (BTC), first, you will have to create an account on a fiat-to-crypto exchange. Uphold.com and Coinbase are commonly-used crypto exchanges. Each has its own policies and features, so you should try both of them to figure out your favorite one. You will have to give your phone number and email for security verifications.
Step 2: Fund your Account
After finishing the registration process, you will be required to select a payment method, like a credit/debit card or a bank transfer. In most countries, credit cards charge higher fees than a bank transfer but provide faster transactions too. However, in some countries, both have the same speeds.
Step 3: Buy BTC
When you are done with filling in the requirements and done with carefully understanding the expected prices, terms, and conditions, you have to click the ‘Trade’ button and choose Bitcoin. Now, confirm your transaction. This would be your first crypto trade.
Step 4: Register on an Altcoin Exchange
As RNDR is an altcoin, you can buy it on an altcoin exchange, such as Binance, FTX, Bitget, Mandala Exchange, Huobi Global, etc. Huobi is commonly used for exchanging altcoins with its wide variety. These exchanges may also undergo a KYC process for verification of your identity. This would take a few minutes or a few days.
Step 5: Transfer BTC to the Altcoin exchange
Now you need to transfer your BTC to that exchange to get RNDR in return. Next, you need to transfer BTC from fiat-to-crypto exchange to altcoin exchange. To do so, copy the contract address and go back to Coinbase. Select BTC from the assets list and click ‘Send’. After confirming your transaction, you will receive a confirmation email. Your BTC will reach Huobi when you click on the link in that email. You will get a notification of the arrival of your bitcoins.
Step 6: Buy RNDR
In the Huobi interface, look for the trading pair for ‘BTC’ with ‘RNDR’. After selecting BTC, type “RNDR” in the search bar and select the required pair BTC/RNDR. Read the price chart and if you get satisfied, type the amount of BTC you want to trade with RNDR. Click on the button “Buy RNDR” after rechecking your information to complete your purchase.
Frequently Asked Questions
Is Render Token a Good Investment?
Yes, because RNDR price has been on the rise for more than the past four months, with its high market capitalization. It may continue to move upwards with decent growth due to its efficient rendering services.
Will Render Token eventually reach $10?
Yes, RNDR is likely to reach $10 by 2024 as the team is doing its best blockchain network, providing render and stream services to its users.
Where Can I Buy Render Token (RNDR)?
You can buy RNDR on Binance, FTX, Bitget, Mandala Exchange, Huobi Global, etc.
- Rendering refers to image synthesis or transforming a two or three-dimensional computer model into a photorealistic image or scene.
- Render Network is the first network that can convert the GPU power compute into a decentralized economy of linked 3D assets.
- It may continue to move upwards with decent growth due to its efficient rendering services
- By the end of the year, Render Token might be a minimum of $6.2 or an average of $6.4, with a maximum price of around $6.35.
- In 2026, Render Token may cross $25.
- You can buy RNDR on Binance, FTX, Bitget, Mandala Exchange, Huobi Global, etc.
- Overall, RNDR could be a good investment.