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Information about Render (RENDER)
Render Network is a GPU network aimed at creators, designers, and artists who need to render their work with a GPU (Graphics Processing Unit—processor graphics are used a lot in 3D design). This network provides cloud renderings for users to consume the service, leverage the computing power of the GPU, and improve work efficiency. In addition to processing images, GPUs are also used in dApps, game programming, video editing, etc.
Render Network was founded in 2009 by Jules Urbach, CEO of OTOY, Inc. The RENDER advisory board boasts industry leaders such as Ari Emanuel (Co-Founder and Co-CEO, WME), JJ Abrams (Chairman and CEO, Bad Robot Productions), and Brendan Eich (Founder and CEO, Brave Software and BAT).
RENDER is a native token of the Render Network ecosystem, operating on Solana according to SPL standard, and can be used to:
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News
Render is testing the 4.4 USD resistance while aiming for 7 USD. Recent price surges do not align with increased network activity, raising doubts about their sustainability. Potential price growth to 13 USD hinges on successfully breaking the resistance.
Concerns arise over low investment activity and a downturn in network engagement. Technical indicators suggest that potential buyers should exercise caution, as the price bounce might falter amidst a prevalent distribution trend.
Bittensor, Render, and AIOZ Network are leading the way as AI tokens shine during this slow altcoin season. Bittensor may break out by 50%, currently priced at 254 USD, while Render is eyeing a leap past 5.17 USD.
While AI tokens gain traction, market conditions are cautious. Federal Reserve Chair Jerome Powell warns of higher inflation due to tariffs, which may affect digital asset liquidity. Investors remain vigilant amid these shifts.
Render’s price surged by 14.51%, moving from a low of 3.2 USD to a local high of 3.8 USD over the past day.
The current trading price is 3.79 USD, reflecting an 18.96% increase weekly. Positive indicators include rising Chaikin Money Flow and MACD, suggesting bullish momentum.
With a drop in exchange inflow and dominant buy orders, investor sentiment is strong. If Render closes above 3.8 USD, it may aim for 4.5 USD.
CoinDesk 20’s latest performance update shows that RENDER has faced a notable decline of 10.7%. The overall market sentiment appears bearish as nearly all other cryptocurrencies traded lower during this period.
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