Render (RNDR) Token Price Sees 2.44% Increase Today: $1.61 with a $21.27M Trading Volume
The Render (RNDR) token has experienced a notable price surge, reaching $1.61 today, accompanied by a robust 24-hour trading volume of $21,271,587.77. This recent increase reflects a positive growth of 2.44% within the last 24 hours. However, over the past 7 days, the token has witnessed a decline of -8.03% in value. With a circulating supply of 370 million RNDR tokens, Render's market capitalization is valued at an impressive $593,958,354.
Revolutionizing Digital Creation: The Render Network Foundation
As a leading provider of decentralized GPU-based rendering solutions, the Render Network® is transforming the digital creation landscape. The network facilitates a connection between node operators seeking to monetize their idle GPU compute power and artists aiming to scale their resource-intensive 3D rendering tasks and applications through cloud integration. By leveraging a decentralized peer-to-peer network, Render Network achieves unprecedented scalability, rapidity, and cost-effectiveness. In addition to the GPU computing infrastructure, Render offers a versatile platform for artists and developers to construct services and applications catering to the emerging digital economy. This includes cutting-edge features such as next-generation digital rights management (DRM), artificial intelligence (AI) integration, and virtual asset creation (NFTs).
Where to Purchase Render (RNDR) Tokens?
Interested buyers can engage in RNDR token trading on various centralized cryptocurrency exchanges. Notably, THIS EXCHANGE stands out as a popular choice, particularly for the RNDR/USDT trading pair, which boasts a substantial trading volume of $7,361,822 in the past 24 hours. Other reputable option is THIS EXCHANGE.
Trading Activity and Recent Surge
The 24-hour trading volume for Render (RNDR) tokens has reached $21,523,756, indicating a substantial 14.30% increase compared to the previous day. This surge highlights a recent uptick in market activity, possibly pointing towards heightened interest and engagement.
Historical Highs and Lows
Render (RNDR) tokens reached an all-time high price of $8.78 on November 21, 2021, more than a year ago. In contrast, the current price showcases a significant -81.72% decrease from this peak. Conversely, the all-time low of $0.03665669, recorded on June 16, 2020, represents a remarkable 4,279.05% increase in value.
Market Capitalization and Rank
Render (RNDR) currently boasts a market capitalization of $593,958,354, positioning it as the #70 cryptocurrency on CoinGecko's ranking. This valuation is calculated by multiplying the token price by the circulating supply of RNDR tokens (currently 370 million).
Fully Diluted Valuation and Future Potential
The fully diluted valuation (FDV) of Render (RNDR) is estimated at $853,339,688, based on the potential scenario of 530 million RNDR tokens being in circulation. However, it's important to note that the realization of this valuation might take several years, depending on the emission schedule of RNDR tokens.
Performance Comparison and Market Sentiment
In the past 7 days, Render (RNDR) has witnessed a price decline of -8.30%, indicating underperformance compared to the broader global cryptocurrency market, which experienced a -0.20% decrease. Furthermore, when compared to similar cryptocurrencies within the Polygon Ecosystem, Render shows a performance lag, with the latter group demonstrating a stable 0.00% change.
Positive Community Sentiment
The sentiment within the community is largely bullish, with more than 79% of users expressing optimism about Render (RNDR) today. This positive outlook may reflect the promising developments and potential growth of the token.
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