Render (RNDR) is a distributed GPU rendering network built on the Ethereum blockchain, which aims to connect artists and studios in need of GPU computing power with mining partners willing to rent out their GPU capabilities.
With blockchain technology advancing and demand increasing, several analysts and investors predict that RNDR has great potential for growth in 2023. Let's dive deeper and see how the Render (RNDR) price prediction for 2023 is!
Before discussing Render (RNDR) price predictions, let's search for the latest RNDR prices first!
RNDR Price Increases 2.11% in 24 Hours
Recorded on the Binance market, the price of RNDR experienced a slight increase of 2.11% within 24 hours. RNDR touched its lowest point at IDR 27,642, and touched its highest price at IDR 28,761.
Meanwhile, according to data from CoinMarketCap, as of July 20 2023, Render's market cap has increased 1.65% to $713 million, and is in 61st position in the top crypto category based on market capitalization.
Render Price Prediction (RNDR) 2023, Could It Increase 133.43%?
Reporting from CCN, since the beginning of 2023, the price of RNDR has slowly risen and on April 28 2023, the price reached a new annual record at around $2.41 (Rp. 36,116). This resulted in a break above the horizontal resistance area of $2.10 (Rp. 31,470) and took the price to the resistance area of $3.10 or Rp. 46,457.
However, the price could not sustain the gains and fell below the $2.10 area. This is considered a bearish sign that often leads to a sharp price drop, but RNDR managed to reverse the bearish trend and reclaim the $2.50 area (Rp. 37,465).
2023 RNDR price prediction according to Teuta Franjkovic
According to the author of the CCN page, Teuta Franjkovic, at the end of 2023, the price of RNDR is expected to reach a maximum price of $4.48 or the equivalent of IDR 67,137 ($1 = IDR 14,986), which will record an increase of 133.43% from the current price ( IDR 28,761).
On the other hand, the expected minimum price of RNDR is $2.99 (Rp. 44,808), and the average price will be around $3.74 or equivalent to Rp. 56,048
RNDR price prediction 2023 According to Martin K
Meanwhile, according to Martin K, author of the Bitcoin Wisdom page, the estimated RNDR price for the second quarter of 2023 may reach $2.88 (Rp. 43,160). Like other cryptocurrencies, the rise will be gradual, but there will be no significant decline.
The average price of RNDR is expected to be $2.69 (Rp. 40,312), with the maximum price of RNDR expected to touch $2.30 or the equivalent of Rp. 34,468.
Render (RNDR) Likely to Work with Apple?
Reporting from Coingape (6/6/23), Render (RNDR), which offers distributed GPU rendering on the blockchain, was mentioned at the Apple event as part of the main event. During Apple's recent keynote event, the iPhone maker showcased Octane X, a GPU rendering feature available in the Mac App Store.
Octane is directly related to the Render (RNDR) token as OTOY is the company behind both products. Jules Urbach, CEO of OTOY, in 2016 founded Render Token (RNDR) to provide a decentralized GPU-based rendering solution. Hence, speculations are surfacing that there might be a partnership between Apple and Octane in the near future.