What is Render (RNDR)?
If you're interested in finding high gaining tokens in recent days, you may have came across Render (RNDR). This token has registered an incredible growth in the last 30 days, 95.9% to be exact. So the question is "What is Render?".
What is Render?
Render is a distributed GPU rendering network built on the Ethereum Blockchain. The main purpose of Render is to connect users in need of GPU compute power with partners willing to rent out their GPU.
People having idle GPUs can connect their GPU to the Render Network to receive and complete rendering jobs which can be very beneficial to both parties.
The Render Token (RNDR)
The render token has its own ERC-20 utility token called RNDR. The token is used to:
pay for rendering and streaming services
fund rendering projects
pay bonuses for node operators
RNDR has registered an all-time high price of $8.78 in 2021 and registered an all-time low price of $0.03665669 in 2020.
Render (RNDR) Currently
Render currently has a market cap of $821,045,304 and ranked around 61 based on this. Its price is around $2.27 currently but this might change by the time you read this. In the last 7 days, the price of RNDR increased by 17.6% and if we take the stats of the last 30 days, it showed a resounding 95.9% growth.
This rally could be related to the recent proposal to move the Render network to the Solana blockchain. But the crypto market is very turbulent right now to predict if these gains could be sustained.
So what are your thoughts on Render (RNDR)...... Let me know in the comment section.
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Disclaimer
I am not a financial advisor. The information found here are for educational purposes and cite my personal opinion.
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