Key Takeaways
RENDER had a busy 2023 and 2024, shooting up more than 1,000% in 2024 before rebranding.
It reached an all-time high in March 2024 but has been unable to match that level since then.
On Jan. 8, RENDER was worth about $7.95.
Let’s now examine our RENDER price prediction. We’ll also examine the RENDER price history and explain what It is and what it does.
Let’s look at the RENDER price predictions made by CCN on Jan. 8. We will use the wave count method to arrive at our predictions, adding and removing 20% from the final targets to create the minimum and maximum targets.
Minimum RENDER Price Prediction | Average RENDER Price Prediction | Maximum RENDER Price Prediction | |
---|---|---|---|
2025 | $6 | $7.50 | $9 |
2026 | $0.68 | $0.85 | $1.02 |
2030 | $18.30 | $22.80 | $27.30 |
The most likely wave count suggests that RENDER is in the fifth and final wave of the upward movement that started in May 2022.
The most likely target for the top is $19.91, created by the 1.61 external Fibonacci retracement resistance level.
Then, the price could begin a lengthy correction similar to the one after the all-time high.
During this decline, the RENDER price is projected to be at $7.50 and $0.85 at the end of 2025 and 2026, respectively.
Finally, we use the daily rate of increase for the past three years to make RENDER price predictions for the end of 2030.
RENDER has increased by 80% since January 2022, and projecting this increase until the end of 2030 leads to a target of $22.80.
The wave count method gives a RENDER price prediction range between $6 and $9 for the end of 2025
The wave count method gives a RENDER price prediction range between $0.68 and $1.02 for the end of 2026
Using the daily rate of increase for the past three years, we arrive at a range of $18.30 to $27.30
The wave count suggests that RENDER will reach a new all-time high price. This is because of the three corrective A-B-C structures, visible in both the long-term (yellow) and short-term (black) whenever the RENDER price declines.
So, RENDER likely started a new five-wave upward movement in August and is currently in wave five. Giving wave five the same length as waves one and three combined leads to a high of $14.32.
If wave five extends further, RENDER can reach a high between $19.25 and $20.25. This will give wave five 1.61 times the length of waves one and three combined and reach the 1.61 external Fibonacci retracement of the previous decline.
Conversely, a close below $6.50 will invalidate this bullish count. This currently seems unlikely.
The RENDER price prediction for the next 24 hours is undetermined. While the long-term trend is bullish, RENDER could fall and retest $6.50 in the short term.
The Average True Range (ATR) measures market volatility by averaging the largest of three values: the current high minus the current low, the absolute value of the current high minus the previous close, and the absolute value of the current low minus the previous close over a period, typically 14 days.
A rising ATR indicates increasing volatility, while a falling ATR indicates decreasing volatility. Since ATR values can be higher for higher-priced assets, normalize ATR by dividing it by the asset price to compare volatility across different price levels.
On Jan. 8, Render’s ATR was 0.154, suggesting relatively high volatility.
The Relative Strength Index (RSI) is a momentum indicator traders use to determine whether an asset is overbought or oversold. Movements above and below the 50 line also indicate if the trend is bullish or bearish.
On Jan. 8, Render’s RSI was at 50, indicating a neutral sentiment.
The CCN Strength Index combines an array of advanced market signals to measure the strength of individual cryptocurrencies over the last 30 days.
Every day, it assigns a strength score, ranging from 0 to 100, to the top 500 assets by market capitalization on CoinMarketCap, focusing on both trend direction and the intensity of price movements.
The index dynamically adapts to rapid changes. For example, an asset experiencing a 100% increase within a short timeframe would see a sharp jump in its score to reflect the intensity of the rise.
However, should that asset stabilize at this new price level, the score will gradually taper down and align with the dampened momentum as the movement normalizes. The same principle applies to rapid declines: a sudden drop will spike the score downward, but as volatility decreases, the score will slowly adjust back up.
On Jan. 8, Render scored 36.8 on the CCN Index, suggesting moderate momentum.
We looked at Render token’s price history and found the times when the price was at its lowest across certain days, months, quarters, and even weeks in the year, suggesting the best times to buy RENDER.
Day of the Week | Wednesday |
Week | 13 |
Month | March |
Quarter | First |
Following that, let’s now take a look at some of the key dates in the Render price history . While past performance should never be taken as an indicator of future results, knowing what the coin has done can help give us some very useful context when it comes to either making or interpreting a Render price prediction.
Period | Render Token Price |
---|---|
Last Week (Jan. 1 2025) | $7.23 |
Last Month (Dec. 8 2024) | $10.52 |
Three Months Ago (Oct. 8, 2024) | $5.36 |
Last Year (Jan. 8 2024) | $4.12 |
Launch Price (June 12, 2020) | $0.05575 |
All-Time High (March 17, 2024) | $13.60 |
All-Time Low (June 16, 2020) | $0.03676 |
The market capitalization, or market cap, is the sum of the total number of RENDER in circulation multiplied by its price.
On Jan. 8, Render’s market cap was $4.08 billion, making it the 33rd-largest crypto by that metric.
On Jan. 8, one wallet was nearly more than 15% of the Render supply.
As of Jan. 8, the five wallets with the most RENDER were:
Supply and distribution | Figures |
---|---|
Maximum Supply | 644,168,762 |
Circulating supply (as of Jan. 8, 2025) | 517,697,726 (80.36% of maximum supply) |
Holder distribution | Top 10 holders owned 41.5% of supply as of Jan. 8, 2025 |
In its technical documentation or whitepaper , Render says it wants to make creating graphics on the blockchain easier.
It says: “The Render Network is a high-performance distributed GPU rendering network that leverages industry-leading OTOY Inc. software to facilitate a compute marketplace between GPU Providers and GPU Requestors.”
The Render Network’s purpose is in its name. The system allows people to create their own video game graphics on the blockchain.
It links people who want to render graphics to people with spare graphic processing units (GPUs) on their computers.
As the system’s website says, “The future is being built today, and hardware limitations should not keep you from being a part of the new digital renaissance. Render puts the power of GPU rendering at your fingertips, at a fraction of the cost and speed of in-house rendering.”
The platform was originally based on the Ethereum (ETH) blockchain. In April 2023, however, a vote of holders saw it move to the Solana (SOL) blockchain, a process that was completed in November last year.
The RENDER token supports the Render Network.
To ensure standards, the Render Network uses smart contracts and computer programs that automatically execute once certain conditions are met.
The project consists of three major components working together
In terms of RENDER itself, it pays for transactions on the network. RENDER holders can vote on changes to the platform. People can also buy, sell, and trade it on exchanges.
Because Render is not based on its own blockchain, it is a token, not a coin. It was a token when it was on Ethereum, and it remains so on Solana. Therefore, while you might find references to such things as a Render coin price prediction, these are wrong.
It is hard to say. RENDER has been a pretty solid performer over the course of the last couple of years, avoiding the worst of potential crypto crises. It will be interesting to see whether the iPhone 15 can lead to new developments for the platform.
On the other hand, RENDER is still down from where it was earlier in the year and is a long way from threatening its all-time high.
As always with crypto, you should do your own research before deciding whether or not to invest in RENDER.
No one can really tell right now. While the Render Token crypto price predictions are largely positive, price predictions have a well-earned reputation for being wrong. Keep in mind that prices can and do go down and up.
Before you decide whether or not to invest in Render, you will have to do your own research, not only on RENDER but also on other coins and tokens, such as Polkadot (DOT). Either way, you must also ensure you never invest more money than you can afford to lose.
Technical analysis by Valdrin Tahiri.
It might do. Our technical analysis says RENDER should reach double figures by 2030.
The RENDER token helps support the Render Network. It pays for transactions on the Render Network. People can also buy, sell, and trade RENDER on exchanges.
Please note that the contents of this article are not financial or investing advice. The information provided in this article is the author’s opinion only and should not be considered as offering trading or investing recommendations. We do not make any warranties about the completeness, reliability, and accuracy of this information. The cryptocurrency market suffers from high volatility and occasional arbitrary movements. Any investor, trader, or regular crypto user should research multiple viewpoints and be familiar with all local regulations before committing to an investment.