Don't invest unless you’re prepared to lose all the money you invest. This is a high-risk investment and you should not expect to be protected if something goes wrong. Take 2 min to learn more.

Back to Cryptocurrencies

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

Render Token

RNDR

RNDR to GBP Price

£6.38

Render Token Market Cap

£2.48B

Buy
See all buy/sell options

RNDR GBP price chart / performance

RNDR GBP price chart / performance

From
Jun 8, 2024
To
Jun 15, 2024
Past performanceis not indicative of future results. GBP (£) currency fluctuations can cause returns to go up or down. Returns shown are before fees.See feesandasset data disclosurefor more details.

Returns

Returns

Return (24h)
-1.87%
Return (7D)
-11.72%
Return (1M)
-26.09%
Return (1Y)
+359.50%

My Investment

My Investment

Profit Taken
£0.00
0.00%
You Have:
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 GBP conversion is £ 6.39.

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 GBP is £ 6.39.

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.

GM! Small rebalance today to adjust to this weeks news. Included $AGIX, more $RNDR, distributed $BTC

One person likes this
Triaconta Top 30
5 Jun, 2024

At last, the market cap of three tokens we have been anticipating for a long time has reached the threshold of the Top 30. They will not stop there! We have added Fetch.AI ($FET), Render Token ($RNDR) and Immutable X ($IMX). Very good for diversification of the Strategy with AI, Metaverse, NFT and Gaming. But we cannot ignore the meme craze of late. We add Pepe ($PEPE) as the third meme coin in the Triaconta Top 30. Render token facilitates distributed GPU rendering for awesome graphics in current and future metaverses and games. Immutable X allows developers to build Web3 games at gigantic scale with advanced gameplay mechanics, allows anyone to mint millions of NTFs and combines high performance with low cost.


We say goodbye to Injective (-35% since addition) and Lido DAO (-20% sa) with some loss, and Aave (+58% sa) with some gain. We get a little nostalgic to see Vechain go, a Top 30 member since february 2020, but we know we made a 450% profit since then.

3 people like this

Monthly Structure Change 2024-6

✅ Add $PEPE $RNDR $WIF $IMX

❎ Removed $FIL $ATOM $XLM $CRO

🔄 Rebalance Turnover 7.45%

2 people like this

3/3

Detailed Analysis of the Second Correlation Table:


Overview:

The second table shows the correlation between different sectors and market indices. The sectors are:


Blockchain Infrastructure sector: Includes $SOL , $AVAX , $NEAR , $ICP , $FTM , $IMX , $STX , $INJ


Infrastructure Applications sector: Includes $AR , $FET , $JASMY , $AGIX , $RNDR .


Market Indices: TOTAL, TOTAL2, TOTAL3, TOP 10 (TOTAL-OTHERS), OTHERS.



Key Observations:

Correlation with Market Indices:

TOTAL and Blockchain Infrastructure sector: 77.14% correlation.

TOTAL and Infrastructure Applications sector: 92.54% correlation.


Intra-Sector Correlation:

High correlation within the Blockchain Infrastructure sector (above 84%).

Lower correlation within the Infrastructure Applications sector (below 80%).


Sector Analysis:

Blockchain Infrastructure sector: Moderate correlation with market indices suggests some diversification benefit.

Infrastructure Applications sector: High correlation with market indices indicates significant market trend dependency.


Risk Diversification:


Blockchain Infrastructure sector: Moderate correlation with market indices makes it useful for diversification.

However, high intra-sector correlation suggests these assets tend to move together.


Infrastructure Applications sector: High correlation with market indices implies these assets are more susceptible to market trends. However, lower intra-sector correlation provides some intra-sector diversification.


The combination of assets from the Blockchain Infrastructure and Infrastructure Applications sectors can provide a balanced portfolio with a good mix of diversification and market exposure. For example, combining assets like SOL (Blockchain Infrastructure) and AR (Infrastructure Applications) may reduce overall portfolio risk.



This is a small part of what I do behind the scenes.

Good luck!


🔵 Mr Jaradat Portfolio

A systematic strategy based on my mathematical model to determine the optimal position for taking additional risks, which is mainly based on the analysis of the trend, momentum and correlation of the assets in this crypto strategy with market indices.


Exposure in [Risk-on] mode

▪️ Blockchain Infrastructure sector 50%

▪️ Infrastructure applications sector 50%


Exposure in [Risk-off] mode

▪️ Blockchain Infrastructure sector 25%

▪️ Infrastructure applications sector 25%


🔵The Strategist

@MomenJaradat

Post image
4 people like this
Avatar
@MomenJaradat
21 May, 2024

Assets listed on @ICONOMI and classified within the Infrastructure Applications sector


[Generative AI, AI & Big Data, IoT, DePIN, Distributed Computing, Sharing Economy, Filesharing, Oracle, Storage, Identity]


$LINK

$FET

$RNDR

$FIL

$GRT

$AR

$THETA

$PYTH

$QNT

$AGIX

$JASMY

$IOTA

$OCEAN

$ANKR

$SC

$TRB

$UMA

$RLC

$BAND

$POWR

$CVC

$BLZ

$STORJ

$IRIS

$ADX


▪️ Generative AI and AI & Big Data focus on advanced artificial intelligence and data analytics capabilities.


▪️ IoT (Internet of Things) and DePIN represent interconnected devices and decentralized infrastructure networks.


▪️ Distributed Computing involves computational processes distributed across multiple locations.


▪️ Sharing Economy and Filesharing highlight the collaborative consumption models and data exchange mechanisms.


▪️ Oracles bridge real-world data with blockchain systems.


▪️ Storage and Identity pertain to data storage solutions and digital identity management.


You may disagree with me regarding the classification of some assets, such as THETA, POWR, QNT, ADX.


But you must match me with the rest of the assets because they are only one group based on set theory.


🔵The Strategist

@MomenJaradat

6 people like 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 in GBP?

Render Token price UK history shows the highest value of 10.26 GBP . 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 in GBP?
How to buy Render Token in the UK?
What Is the Current Render Token Price UK in GBP?
Is Render Token a good investment?