Render price predictions by the latest pro AI models
Based on
OpenAI
Grok
Gemini
Perplexity
Last updated: 1 day ago
Render (render)
Latest price
$3.76 USD
Market cap: $1,947,889,813
Render investment calculator
LLM Price Predictions
AVG Price Estimates Amongst LLMs
7d
$3.97
+5.51%
30d
$4.40
+17.04%
1y
$8.70
+131.42%
5y
$24.83
+560.55%
Basis and evidence for RENDER price estimates
OpenAI says:
- Render Token (RNDR) recently migrated its core infrastructure from Ethereum to Solana, aiming to enhance scalability and reduce transaction costs; U.Today reports.
- Following the migration, RNDR experienced a surge in network activity, with active addresses reaching an all-time high, indicating increased user engagement; BeInCrypto analysis.
- Despite a 26% price increase over a recent week, RNDR lags behind competitors like FET and TAO in social dominance and trading volume, suggesting potential challenges in maintaining momentum; CryptoNews.net insights.
- Technical indicators, such as the Bollinger Bands Trend, suggest that RNDR's upward momentum may be cooling off, with potential resistance ahead; CryptoNews.net analysis.
- The Global In/Out of the Money (GIOM) indicator reveals strong resistance levels between $6.72 and $8, where many holders purchased RNDR, potentially leading to selling pressure; CryptoNews.net data.
- RNDR's integration with Apple's RealityKit 2 has driven demand for its services, contributing to a 480% price surge from September 2023 to February 2024; Techopedia report.
- In May 2024, RNDR's price reached $4, driven by improved social sentiment following a collaboration with Apple; Nasdaq article.
- Render Network allocated 1.14 million RNDR in grants to subsidize user transfer fees associated with the migration to Solana, aiming to support a quick and successful upgrade; U.Today coverage.
- RNDR's price trajectory may hinge on its ability to demonstrate continued adoption and innovation within the rendering sector, as competition from AI-focused cryptocurrencies grows; Bitday analysis.
- Market dynamics, including the growing popularity of AI-related cryptocurrencies, are diverting capital away from niche projects like RNDR, potentially impacting its future price performance; Bitday report.