Render (RNDR): The AI-Powered Cryptocurrency That's Making Waves in the Crypto Market

Render Network is a crypto project that started several years ago to create a distributed network of graphics cards (GPU), and is now dedicated to AI.

Render Network (CRYPTO: RENDER) began 2023 trading around $1.30.

The crypto project, which started out to create a decentralized network of graphics cards (GPU), and is now dedicated to AI, had a good 2022, closing the year at $6.1.

In the category "AI & Big Data by market capitalization," it is now third by market capitalization among cryptocurrencies, and its token is one of those cryptocurrencies that have performed well in recent times.

Here is a look at some of the price movements and milestones for Render in recent years.

The crypto of Render: $RENDERIn 2020, the Render Network project launched its own token in the crypto market, always called Render (RENDER), available on Ethereum, Polygon, and Solana.

The year following its launch saw the last major bullrun, and this allowed the price of Render to rise significantly.

Compared to the beginnings of 2020, when the price was below $0.1, during 2021 it first jumped to $2.5, with an incredible +2,500% in less than two months, and then recorded the highs of that year even above $7, in November.

After that bubble, the price fell during the subsequent bear-market, but without dropping below $0.4.

Therefore, two years after its launch on the markets, it had more than quadrupled its value, despite the burst of a mega-speculative bubble that had characterized 2021.

The second bull run of the crypto RENDER thanks to AIThe crypto project Render Network is now also linked to AI.

Precisely thanks to the boom of AI in the financial markets, 2023 was already good for Render in the crypto markets.

In fact, in February its price had returned to $2, and by May even to $2.8, that is, above the highs of the first phase of the bull run of 2021.

In fact, the price of the Render token in the crypto market is also driven by the AI narrative of traditional markets, and it is probably for this reason that it had already performed well last year.

This year, moreover, it is repeating itself.

After falling below $1.5 in mid-2023, starting from October of last year, its price began to rise again.

In December of last year, it had returned to about $5, but between February and March of this year, a new bull inflated, ending with the historical maximum at over $13.7.

The second bullThe most curious thing of all is that, nine months from the historical highs, that bubble does not seem to have really burst yet.

At the beginning of May this year, the price had returned to $7, but only to rise above $11 a few weeks later.

The bull of March, when in less than two months it recorded a +250%, seemed to have burst in August, when its price had returned to 4$, a figure lower than that of the end of 2023.

Moreover, still at the beginning of November it was about $4, but Trump's victory in the elections triggered a new rise.

To tell the truth, however, this time the price of Render did not go above $11, and subsequently, it returned to $7.

This seems to mean that it is precisely the $7 level around which the price of Render gravitated in 2024, that is, a level close to the highs of 2021.