Back to Cryptocurrencies

See the live Render Token price in EUR. Buy Render Token or add it to your Crypto Strategy.

Render Token

RNDR

RNDR to EUR Price

€10.47

Render Token Market Cap

€4B

Buy
See all buy/sell options

RNDR EUR price chart / performance

RNDR EUR price chart / performance

Risk warning|
From
Mar 21, 2024
To
Mar 28, 2024

Returns

Returns

Return (24h)
+3.08%
Return (7D)
+4.22%
Return (1M)
+50.89%
Return (1Y)
+912.79%

My Investment

My Investment

Profit Taken
€0.00
0.00%
You Have:
€0.00
Unrealised P/L
€0.00
0.00%

Render Token (RNDR) History and Overview

Render Token (RNDR) History and Overview

Render (RNDR) is a decentralized peer-to-peer network that leverages the underutilized graphics processing units (GPUs) of its users to provide digital rendering services. This innovative platform addresses the inefficiency in the GPU market by allowing users with idle computing power to rent it out to those in need of additional resources for tasks such as video processing, gaming, NFT creation, or metaverse development. Similar to how Storj operates with digital storage, Render utilizes blockchain technology to distribute processing power instead of storage space. The live Render Token to EUR conversion is € 10.45.

Founded in 2017 by Jules Urbach, who also established the cloud graphics company OTOY, Render was initially built on the Ethereum blockchain. OTOY, known for its contributions to movie making, video game development, and virtual reality, has been instrumental in running Render. The platform aims to democratize and decentralize the process of building mixed reality experiences and streaming 3D environments. In January 2023, the strategic management of Render was transitioned to the newly established Render Network Foundation, although OTOY and other partners like Swatchbook and MR Studios continue to support the project with engineering and development services.

Render operates by pairing computers (nodes) with available GPU power with creators who require rendering services. This matchmaking process is facilitated through the Render network, where creators submit jobs and pledge RNDR tokens based on the job's requirements. Render offers different pricing tiers, allowing creators to choose between cost and speed according to their needs. Jobs are assigned to node operators based on the creator's reputation and the node operator's reliability. Once a job is completed, it is returned to the creator for approval. It's important to note that while transactions on the Render Network are recorded on the blockchain, the actual job details and completion are handled off-chain.

In an effort to refine its token economics, the Render community voted in January 2023 to implement a burn and mint equilibrium (BME) mechanism. This system ensures that all Render jobs, priced in fiat, require creators to purchase RNDR tokens, with 95% of these tokens being burned and 5% allocated to the Render Network Foundation. The protocol then mints new tokens to compensate node operators for their contributions. This model positions RNDR as a commodity asset with a controlled supply, potentially leading to deflationary pressure depending on network usage.

The RNDR crypto token, originally an ERC-20 token on Ethereum, serves multiple purposes within the Render ecosystem. It is primarily used to facilitate payments for rendering jobs through the BME mechanism and enables token holders to participate in community governance via a DAO. With a theoretical maximum supply of approximately 644 million RNDR tokens, the introduction of the BME mechanism signals the community's intention to make RNDR deflationary over time. The current price of 1 RNDR in EUR is € 10.45.

Render stands out in the blockchain space by connecting individuals needing GPU power with those who have excess capacity, thereby facilitating a wide range of digital creation activities. Through its innovative use of blockchain technology, Render not only optimizes the utilization of GPU resources but also contributes to the broader development of the digital and mixed reality landscapes.

How To Buy Render Token or Add it to your Strategy

The fastest, most convenient way to purchase Render Token is to purchase it on ICONOMI. We check Render Token live prices on 10+ crypto exchanges and buy it at the best market price.

You can buy Render Token by adding it to your private Crypto Strategy (crypto portfolio). You can also use our recurring buy feature that tends to level out cryptocurrency price volatility effects. You can find out more about how to benefit from smaller investments at regular intervals on our blog article.

We recommend you do your own research and cryptocurrency analysis. Experienced crypto traders use fundamental and technical analysis to evaluate if Render Token is a good buy/sell. Fundamental and technical analyses are the two most common types of analysis used in trading traditional assets (e.g. stocks and bonds).

If you are unfamiliar with analyzing cryptocurrency prices and want to buy Render Token, we recommend you read the next section, as copying might be a better approach.

Add Render Token to your portfolio by copying a Strategy

If you are not skilled at these, consider a different approach to investing in cryptocurrencies. You can learn from and copy seasoned crypto traders on ICONOMI who regularly share their insights and manage their public Crypto Strategies. Go to the strategies page and use the “ticker” filter to find out which public Crypto Strategies have Render Token in their structure.

Posts

Here you can read and comment on all posts made by Strategists about Render Token RNDR. See all Render Token price predictions in real time and make the best use of their crypto knowledge.

StraightUpTrading
20 Mar, 2024

“A close friend of mine (@SL) shared a valuable lesson:

WHEN YOU HAVE DOUBT, ZOOM OUT 😎.

And indeed, it is reassuring. Click on the returns of 30 days, or even better, 1 year. You will then see that the trend is clearly upward. A retracement of 30-40% in a Bull market is normal in the cryptocurrency market. That's why we encourage taking profits when the opportunity arises."

"Hopefully, we've found the right resistance for a strong rally."

#STRAIGHTUPTRAIDING $NEAR $INJ $FET $RNDR $AR

6 people like this
Bitaitus 30
19 Mar, 2024

New structure:

$BTC 21.48%

$SOL 11.4%

$INJ 11.3%

$RUNE 8.4%

$ETH 7.08%

$LINK 4.4%

$AVAX 4.36%

$SEI 3.76%

$ATOM 3.6%

$NEAR 2.87%

$ICP 2.6%

$STORJ 2.24%

$RLC 2.24%

$OSMO 1.78%

$FTM 1.71%

$KSM 1.66%

$RNDR 1.43%

$FET 1.33%

$ROSE 1.22%

$IMX 1.17%

$TIA 1.15%

$SUI 0.98%

$AGIX 0.93%

$GMX 0.91%

2 people like this
StraightUpTrading
19 Mar, 2024

Investing in crypto means investing in something with high volatility. In other words, the upward and downward trends move in large steps. In the current climate and associated trends, it's two steps forward and one step back. All we can do now is wait for the two steps forward. Our holdings are good projects. Today the #NVIDIA #1 #AI conference starts, another upwards trend for AI holdings such as $RNDR $FET and hopefully $NEAR are expected..Fingers crossed 🤞

6 people like this
CARUS-AR
17 Mar, 2024

Regular rebalance to take $RNDR and $NEAR profits, they outperformed other holdings.

No changes in structure.

9 people like this

@CARUS_AR_BV fair enough, thank you. much appreciated

@Benjamin wel, as stated in the blog post. CARUS-AR is a semi-passive strategy now. I will not be 'daytrading' or moving out and back in to protect gains... Instead we plan to slowly lower risk from ALTS into BTC, USD and Gold for as long as the bull trend last

@CARUS_AR_BV thanks a lot. I was wondering for example at the moment when the trend has broken and we can see more down side, what is the strategy for sudden moves like this? I hope it's ok that I'm asking but I'm considering copying your strategy and want to make sure. for example the gains maid so far won't flush away.

I know that in the past you were out of the market until there is a clear trend back up.. what is your take on that this time?

Avatar
@Capacsali
17 Mar, 2024

$RNDR rocketing sky high! Having taken a decent punch during this dip, already smashed ATH 💪

One person likes this

Ready to start your journey with us?

Trusted by over 100,000 users from around the world.

Create Free Account

Other Top Cryptocurrencies

Render Token Price FAQ

What Is the Highest Price of Render Token (RNDR) in EUR?

Render Token (RNDR) price history shows the highest value of 12.02 EUR . We recorded this price on March 18, 2024, but we cannot exclude that a higher price was registered before December 31, 2021.

What Is the Lowest Price of Render Token (RNDR) in EUR?
How to buy Render Token (RNDR)?
What Is the Current Price of Render Token (RNDR) in EUR?
Is Render Token (RNDR) a good investment?