#Render #RNDR #Metaverse #ai

Render Network, a high-performance distributed GPU rendering network, has taken the world of blockchain by storm. Backed by parent company OTOY, Inc., Render Network aims to bridge the gap between graphics present and virtual future. In this article, we will take a closer look at how the Render Network operates and how it is poised to change the world of rendering and the future of the Metaverse.

Render Network is a unique network that enables creators to find rendering resources through a compute marketplace between GPU providers and GPU requesters. The network gives GPU owners the chance to monetize their otherwise idle GPUs by lending their compute power to creators in need of additional power. By doing this, GPU owners can participate in the RNDR Beta Testnet and earn $RNDR .

Render Network is built on the philosophy that the resonance of authentic human thought, creativity, and imagination are the fundamental units of currency. The RNDR Token is built to enable a system’s viability as early as possible. First, through massive cost savings in distributed rendering that bootstrap the render economy in its early stages, then in subsequent phases, through a semantic web of value and authorship encoded in the blockchain itself. The RNDR Token will allow for cross-token development and services across multiple fronts (Basic Attention Token, Sia, etc.). With RNDR, cross-token value transfer becomes easier, and it opens the door to a new model of value exchange and a truly decentralized Metaverse.

Render Network has received support from industry leaders such as J.J. Abrams, Tim Sweeney, and John Carmack. With Render Network, creators can access more GPU power at a lower cost, while GPU owners can earn money by lending their unused computing power. The Render Network is poised to change the way we think about rendering and the future of the Metaverse.

In conclusion, the Render Network is a revolutionary technology that is set to transform the world of rendering and the future of the Metaverse. It offers a unique way for creators to access more GPU power at a lower cost while providing GPU owners with an opportunity to monetize their otherwise idle GPUs.

Cryptocurrency prices dived sharply this week partly because of Bitcoin’s congestion.

KAVA, a DeFi-yielding protocol, was one of the best performing tokens.

Cryptocurrency prices had a tough week as concerns about the industry continued. Bitcoin dropped below $27,000 while the total market cap of all digital currencies crashed to $1.10 trillion. Further, meme coins like Pepe, Milady Meme Coin, Mrs Pepe, and Pepe AI have also plunged in the past few days. This crypto price prediction will look at Kava, Render Token, ad Cardano.

Kava price prediction

Kava price has been one of the best-performing cryptocurrencies this week. It jumped to a high of $0.9353, the highest point since April 19th. On the 4H chart, it has moved above the 38.2% retracement level.

Kava has also jumped above the 25-period and 50-period exponential moving averages (EMA) while the Relative Strength Index (RSI) and the MACD have risen sharply.

Therefore, the outlook for the Kava token is bullish, with the next key resistance level to watch will be at $1. This view will be confirmed if it moves above the key resistance point at $0.96, the highest point in April. The stop-loss for this trade will be at $0.84, the lowest point on Friday.

How to buy #Kava , #Render , #Cardano

Binance

Binance is one of the largest cryptocurrency exchanges in the world. It is better suited to more experienced investors and it offers a large number of cryptocurrencies to choose from, at over 600. Binance is also known for having low trading fees and a multiple of trading options that its users can benefit from, such as; peer-to-peer trading, margin trading and spot trading.

Buy KAVA with Binance today

Render Token price prediction

Render Token price jumped sharply in April as investors cheered the vote to migrate it to Solana. This month, however, the token has pulled back and fallen by 34% from its highest point level. Render has moved to the 50% retracement level and dropped below the 25-day and 50-day exponential moving averages.

RNDR also retested the key support level at $1.6100, the lowest point on April 21st. Therefore, while the token has bounced back modestly in the past few days, I suspect that the bearish trend will resume as sellers target the key support at $1.400.

Cardano price prediction

Cardano, like other major cryptocurrencies, has been in a steep bearish trend in the past few weeks. The sell-off intensified on April 20th after the coin moved below the lower side of the ascending channel shown in red. It has also moved below the 25-period and 50-period exponential moving averages and the support at $0.3786, the lowest point on April 25.

Therefore, I suspect that ADA price is about to rebound and retest the resistance at $0.3786 and then resume the bearish trend. More downside will be confirmed if the price moves below the support at $0.3500, the lowest point this week.

Post By: CryptosHeadlines.com

Render Network (RNDR), a prominent AI cryptocurrency, is making strategic advancements in the blockchain and cryptocurrency sector. The platform has chosen to migrate to the Solana blockchain, recognized for its scalability and fast transaction speeds, aligning with RNDR’s commitment to technological innovation and improved service delivery to its growing user base.

In addition to this strategic move, RNDR is launching a comprehensive incentive program designed for node maintainers, reinforcing its commitment to network expansion. The program invites node operators from various compute clients to join RNDR’s network, enabling them to earn substantial RNDR rewards. This initiative solidifies RNDR’s position at the intersection of blockchain and artificial intelligence, driving innovation and community growth.
Render Network’s Strategic Shift to Solana Blockchain
Render Network (RNDR), a leading AI cryptocurrency, has been making significant strides in the dynamic world of blockchain and cryptocurrencies. With a market capitalization of $864 million, RNDR is determined to make its mark and is actively engaging with both the AI and crypto communities.
RNDR recently made a strategic decision to migrate to the Solana (SOL) blockchain, a move that promises enhanced scalability and speed, crucial factors in AI and crypto operations. Solana is known for its efficiency and lightning-fast transaction rates, making it an ideal platform for modern decentralized applications. RNDR’s choice to embrace Solana underscores its commitment to leveraging cutting-edge technology, ensuring scalability and resilience for its operations, and enhancing services for its growing user base. This migration reflects RNDR’s forward-thinking approach and dedication to continuous innovation.
Revolutionizing Node Operations with an Incentive Program
RNDR has also introduced a comprehensive incentive program aimed at node maintainers, signaling its intent to expand its network. This initiative seeks to attract node operators from diverse compute clients, encouraging them to join the Render Network and earn substantial RNDR rewards. The incentive program targets GPU users, inviting them to integrate RNDR software, synchronize nodes, and share processing resources. This support primarily bolsters AI and machine learning research efforts, reinforcing RNDR’s position at the intersection of blockchain and artificial intelligence. Ryan Shea, a respected advisor to the Render Foundation, expressed his excitement about this program, envisioning a new wave of enthusiasts equally passionate about AI and cryptocurrency joining the network.
Allocation and Distribution Strategy
RNDR has earmarked 1.14 million RNDR tokens for the reward scheme, valued at $2.67 million at current market rates. The substantial financial commitment underscores RNDR’s determination to expand and enhance its network. Notably, 300,000 RNDR tokens will be strategically distributed next year as part of the total authorized tokens. This staged distribution approach fosters consistent engagement with node operators, motivating their contributions to the Render Network.
Conclusion
Render Network’s recent strategic decisions, including its migration to the Solana blockchain and the launch of a substantial incentive program, demonstrate the platform’s dedication to innovation and growth. As the crypto and AI communities eagerly anticipate RNDR’s journey, it is evident that RNDR is setting new standards for itself while establishing a prominent position within the broader AI and blockchain landscape. These strategic actions are paving the way for a more robust and resilient network, reflecting RNDR’s commitment to excellence and progress in this evolving space.
Important: Please note that this article is only meant to provide information and should not be taken as legal, tax, investment, financial, or any other type of advice.
#Bitcoin #CryptoNews #Solana #Render #RNDRMigration

RNDR, a cryptocurrency, has surpassed TAO in market value, stunning the crypto world. RNDR is known for its decentralized GPU rendering solutions, transforming digital creation. AI coins like RNDR demonstrate strength, performing exceptionally well in the current market cycle.
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During the current bullish phase in the cryptocurrency market, both memecoins and AI-related tokens are experiencing remarkable advancements. RNDR, TAO, and NMT have recently reached and exceeded their all-time highest values, showcasing their strong performance amidst the market surge.

RNDR Surpasses TAO in Market Cap: An Unforeseen Development
Render (RNDR), often hailed as the “NVIDIA of crypto,” continues its impressive surge, setting new all-time highs almost daily. The recent flip of TAO by RNDR in market capitalization has left many investors astonished, highlighting the volatile nature of the crypto market and the unpredictable shifts among AI coins.

The unexpected turn of events prompts investors to reevaluate their strategies and underscores the importance of thorough research when considering AI coins. This suggests that mid-cap AI tokens hold potential to rise alongside established blue-chip counterparts.
At the forefront of this surge is the Render Network Foundation, renowned for its decentralized GPU-based rendering solutions. By connecting node operators with spare GPU compute power to artists seeking scalable 3D rendering capabilities in the cloud, Render is revolutionizing the digital creation process.

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Also Read:   Tom Lee Forecasts Bitcoin's Rise to $82K and $150K by 2024 End
Moreover, Render extends beyond rendering services to provide a versatile platform for developing applications for the emerging digital economy. This includes areas such as AI, digital rights management (DRM), and non-fungible tokens (NFTs), positioning Render as a key player in shaping the future of digital innovation.

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RNDR and TAO Reach New ATHs Amidst Crypto Market Surge
According to CoinGecko data, Render (RNDR) recently achieved an impressive new all-time high (ATH) of $12.61, accompanied by a total market capitalization of $4,600,034,431. This surge reflects a remarkable 167.2% increase in the last 30 days. In parallel, TAO reached its own ATH of $757.60, boasting a market cap of $4,551,202,452, with a notable 46.0% surge in the last 30 days.
As the crypto market cycle gains momentum, traders are eagerly anticipating sustained outperformance from AI coins. There’s palpable excitement surrounding the potential ATHs these tokens might establish during the current golden bull run. The vibrant AI coin sector continues to capture the attention of price analysts amidst the broader surge in the crypto market.

Important: Please note that this article is only meant to provide information and should not be taken as legal, tax, investment, financial, or any other type of advice.

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#RNDR  #TAO  #Altcoin  #Render  $RNDR

The Render (RNDR) price has posted significant gains this week. The RNDR increase led to a new yearly high today.
RNDR Upward Movement Accelerates
The RNDR price has experienced a significant bullish run this year. Since January, the price has increased by 1,100%, culminating with a new yearly high of $4.87 today. This is the highest price in more than 700 days and a new RNDR yearly high.
During the upward movement, RNDR broke out from a key horizontal resistance area that had been in place since April. This accelerated the rate of increase further, and the price now has only one more resistance left until the all-time high.

When evaluating market conditions, traders use the Relative Strength Index (RSI) as a momentum indicator to determine whether a market is overbought or oversold and whether to accumulate or sell an asset.
If the RSI reading is above 50 and the trend is upward, bulls still have an advantage, but if the reading is below 50, the opposite is true.
The weekly RSI is above 50 and increasing. Even though it is overbought, there is no bearish divergence in place.
What Are the Traders Saying?
Cryptocurrency traders and analysts on X believe the upward movement will continue.
Don Mimi tweeted a chart indicating that the RNDR price will reach its next target at $5.50.

OurCryptoTalk said he is buying more RNDR because of the price action and the Artificial Intelligence narrative. He tweeted:
Ever since the price broke out from the triangle pattern, a strong support has been held above $3.5With decreasing momentum, RNDR has been strong, touching the $4 mark on 3 different occasions confirming a strong battle between short term sellers and long term believers.The altcoin season is just starting and the narrative of AI would boom in long term. Buying RNDR se levels looks highly unlikely in 2024.
Finally, Default Trades said that RNDR will reach price discovery before the end of the year.
RNDR Price Prediction: All-Time High Within Reach?
Elliott Wave theory involves the analysis of recurring long-term price patterns and investor psychology to determine the direction of a trend.
The most likely wave count suggests that RNDR is in the third wave of a five-wave upward movement (black). which started in June 2022. Wave three has already extended beyond the length of wave one.
Therefore, the next most likely target is at the 1.61 times the length of the first wave, at $5.65. This also aligns with the horizontal resistance area at $5.50 and would amount to an increase of 20%.
Once RNDR gets there, the reaction will determine if the price increases towards the next resistance at $8.40, which would be an upward movement of 75%.

Despite the bullish RNDR price prediction, failure to move above the $5.50 resistance will mean the local top is in. The price could fall to the closest support at $3.70 in that case.
This would be a 20% drop from the current price and 32% decrease from the $5.50 area.
$RNDR #RNDR #Render