Render Token (RNDR) Sees a 47% Weekly Price Boost

Render Token (RNDR) Sees a 47% Weekly Price Boost

Render Token (RNDR) has seen a 47% weekly price boost and the token is currently trading at 0.000128 USD with 27 million tokens in circulation. Render Token recently released their first game development platform, which will allow any entrepreneur to create a 2D or 3D video game on RNDR’s blockchain network .

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The “Render Token (RNDR) price prediction” is a token that has seen a 47% weekly price boost. The token will be available on the Binance exchange in June. Read more in detail here: render token price prediction.

Render Token (RNDR) Sees a 47% Weekly Price Boost

Render Token (RNDR) Sees a 47% Weekly Price Boost

 

With just one week before New Year’s Eve, the crypto sector is attempting to squeeze in one more price increase before the year comes to a conclusion. The market is now trading in the green, and most currencies are attempting to break through resistance and return to previous highs.

Render Token (RNDR) is one of the best performers among them, with a price rise of 47 percent in the last week alone. The coin is the native cryptocurrency of a distributed GPU rendering network based on the Ethereum blockchain, with the goal of connecting artists and studios in need of processing capacity.

Essentially, the initiative aims to assist artists in creating stunning, movie-quality movies without the need to invest in the necessary equipment. And, given how far the project has come in such a short period of time, the prospects seem to be exciting.

History of the Render Token pricing

OTOY, Inc. came up with the idea in 2009 and introduced it in 2017. The public token sale for RNDR was launched in October 2017, right before the first significant crypto bull run. The project was then sold privately between January and May of 2018, but it wasn’t publicly launched until April 27th, 2020.

Despite being widely anticipated, the project’s introduction did not result in a significant price increase, despite the fact that it occurred shortly after the COVID-19 epidemic triggered a financial crisis, creating the ideal setting for the crypto business to explode stronger than ever before. In fact, it wasn’t until March 2021 that it began to experience significant price movement. The project’s pricing largely fluctuated between $0.05 and $0.1 from its inception and March 2021, with a single major price spike in late August of 2020.

However, in March 2021, the coin’s value skyrocketed, reaching $2.55. Unfortunately, it was rejected by a strong resistance, and it was pushed back to the bottom at $0.42 in late June 2021. Following that, its price began to rebound, although slowly, and it only climbed up to $1.5 before dropping again.

It plummeted to $0.8, where it stayed until early November, after reaching $1.5 in late August, precisely two months after touching bottom. This is when RNDR’s situation changed dramatically.

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RNDR takes a trip to the moon

After more than a year of failing to get traction, RNDR began to gain traction at the same time as Bitcoin led another major rally, this time with Render Token fully participating. The rally began in early November and carried it higher than it had ever been before, reaching an all-time high of $8.76 on November 21st, 2021.

Of course, such a dramatic price increase was followed by an equally sharp correction, with the project’s currency falling to $4 on December 9th, but this new bottom is still much above the price seen little over a month ago.

Not only that, but it sparked an instant rebound, leading to the present price spike – which will most likely be the last until 2021. It has risen 46 percent in the previous week and 6.72 percent in the last 24 hours, leaving it at $6.16 at the time of writing. If the rally continues over the next seven days, the coin may possibly approach or even exceed its previous high point. That, though, remains to be seen.

For the time being, all we can say with sure is that the project has a lot of promise and is worth keeping an eye on in the coming days.

Visit our Render Token Investing Guide for more information.

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The “render crypto” is a cryptocurrency with a 47% weekly price boost. The token has been in the market for less than 3 months, and it has seen a lot of growth.

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