Render is a distributed graphic processing unit (GPU) rendering network running on Ethereum. It aims to connect artists and studios needing GPU computing with crypto miners willing to rent out unused computing power from their GPUs. This way, artists can render and stream digital content, including visual effects and virtual assets.
GPU computing power providers get incentives in Render (RNDR) tokens. The price of this token has skyrocketed in the last few months as the market sees a fresh bullish impulse. Last year, the RNDR price went from $0.4 on January 1 to about $4.6 on December 31, a 1,050% growth. Experts think this uptrend will continue in 2024.
But what about the perspectives of the RNDR token beyond 2024? Will its price continue to expand? Let us discuss it in this Render price prediction for the next few years.
Render (RNDR) Overview
The RNDR token hit the open market in 2020. It is an ERC-20 token, currently the 48th most valuable, according to CoinMarketCap. The table below summarizes other relevant data as of January 5, 2024.
Render (RNDR) Price History
The RNDR token hit the market on June 15, 2020, at about $0.05. This token increased its price in the following months, ending 2020 at about $0.1. It was a good beginning, but the best was yet to come. After the market recovered from the crypto winter of 2020, RNDR reached $2.5 on March 27, 2021. However, this token price decreased in the following months. On June 22, RNDR traded at approximately $0.4. The RNDR price skyrocketed in November, reaching its all-time high of $8.76 on November 21, 2021. But this token could only maintain this price level for a short time. On December 10 of that year, RNDR traded at $3.5. The RNDR price was $4.6 at the end of 2021.
The RNDR token experienced significant depreciation in the first half of 2022. As a result, this crypto asset traded at about $0.3 on June 18, 2022. Despite minor price surges in the year's second half, the RNDR token ended 2022 at about $0.4. In 2023, the RNDR price increased rapidly. This token traded at $2.1 on February 7 of that year. On May 26, the price was $2.7. Although RNDR lost value in the following months, its price skyrocketed in the last three months of 2023. This token reached $5.2 on December 26, 2023. As of January 5, 2024, RNDR traded at about $4.2.
Render (RNDR) Price Prediction for 2024-2031
Render (RNDR) Price Prediction for 2024
Most experts agree the RNDR price will continue to expand in 2024. AMBCrypto predicts RNDR will trade at an average of $5.1, possibly reaching a maximum of $6.2. BitcoinWisdom is more optimistic, forecasting an average price of $6 and a maximum of $6.4. DigitalCoinPrice expects an average RNDR price of $7.8 and a maximum of $8.4 this year. Hence, if you invest in RNDR at the current trading price of $4.2, your investment could increase its worth by +100%.
Render (RNDR) Price Prediction for 2025
In 2025, RNDR will trade at an average of $6, with a potential maximum of $7.2, according to AMBCrypto. DigitalCoinPrice predicts an average price of $9.5 and a maximum of $9.9. BitcoinWisdom is significantly more optimistic, forecasting an average RNDR price of $13.7 and a maximum of $15. So, an RNDR investment at the current $4.2 per token could grow by +257% in 2025.
Render (RNDR) Price Prediction for 2026
The above bullish trend will likely continue in 2026. AMBCrypto expects RNDR to trade at an average of $7 in 2026, with a possible maximum of $8.4. DigitalCoinPrice indicates the average RNDR price in 2026 could be $13.4, with a maximum of $14. BitcoinWisdom is more optimistic, with an average price of $18 and a maximum of $19.2. An RNDR investment at the current trading price of $4.2 could increase its value by 357%.
Render (RNDR) Price Prediction for 2031
In the long run, the RNDR price will reach new highs. AMBCrypto expects RDNR to trade at $15 on average in 2031, potentially reaching $18. DigitalCoinPrice has a better scenario, with an average RNDR price of $39.5 and a maximum of $40. BitcoinWisdom is slightly more optimistic, indicating an average price of $40.2 and a maximum of $41.9. Therefore, an RNDR investment at the current $4.2 could grow by +898% by 2031.
Conclusion
The RNDR token had an impressive price surge in 2023. Many crypto experts think this uptrend will continue in the coming years, thanks to the continuous technological development of the Render project. For instance, in July 2023, Render implemented the “RNP-004 – Open Compute Clients” proposal to leverage the network’s computational power for artificial intelligence (AI) and machine learning (ML) tasks. Becoming involved with the latest technological trends will undoubtedly foster the growth of the Render network and its crypto asset. The RNDR is widely considered one of the most promising AI tokens in 2024, and you can purchase it without hassle at competitive rates on LetsExchange.io.
FAQs
Is the Render token (RNDR) a good investment?
Most crypto experts think RNDR is one of the most promising AI tokens in 2024. It could be an excellent addition to your investment portfolio. However, you must thoroughly research this asset before investing and only invest what you can afford to lose.
How high can RNDR go?
In the long run, the RNDR token could significantly increase its price. According to DigitalCoinPrice, this token could trade at a maximum of $74.6 in 2033. Price Prediction indicates that RNDR could reach a maximum of $1,534.4 in 2040 and a whopping $2,251.3 in 2050.
Will the Render token (RNDR) reach $100?
Yes, it will likely happen between 2033 and 2040.
Disclaimer
Please keep in mind that the above information is based exclusively on our observations and is provided for informational purposes only. It doesn’t constitute any kind of financial advice nor represents an official forecast. Cryptocurrency is a highly volatile asset, and you are investing in it at your own risk.