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RNDR Price Forecast Showcases a 5% Radiance Rise

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Render (RNDR) price shows promise after finding support at $1.329 and has since been nurturing an uptrend. The token has rallied 10% since September 5 to record an intra-day high of $1.446 on the 7th of the same month. Over the last 24 hours, RNDR is up a radiant 5% to the current price of $1.427. With this move, the altcoin has resisted the bears for a striking seven days despite overall market gloom.

Render is an ERC-20 utility token serving network artists in exchange for GPU computer power from node operators. The token uses a manual and automatic proof-of-work (PoW) system for verification. It leverages the Ethereum blockchain’s intrinsic security properties, with proprietary assets being hashed after uploading and disseminated to nodes for rendering.

Bullish Fundamental For Render Network

The Render Network, centered around art, artwork, and artists, found bullish momentum because of Refik Anadol.

Refik Anadol is mainstream because of data paintings and sculptures, translating the logic of contemporary media technology. They create a spatial design for the development of engaging experiences.

Moreover, the Render Network has been tapping into the recent hype in artificial intelligence (AI). Specifically, the Nvidia earnings have been at the helm of the RNDR surge. The latest euphoria around AI sent RNDR up 20% around August 22, with Nvidia providing guidance.

The latest news from Nvidia, the semi-conductor conglomerate, comprises its revenue and guidance. CNBC reported that the chip manufacturer’s net income hit “$6.7 billion for the quarter ending July 30,” denoting a 422% rise over the year. The same report gave predictions for the subsequent quarter, inspiring a wave of capital inflow as investors position themselves to profit by acquiring AI stocks.

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Render (RNDR), SingularityNET (AGIX), and Fetch.ai (FET) benefited from this mania as Nvidia’s AI wager inspired a sector-wide rally. Specifically, RNDR benefited from this AI-related hype because Render’s blockchain is AI-powered, targeting the graphics processing unit (GPU), which remains hugely untapped. Seemingly, it continues to drive greater adoption.

Render technology’s demand goes beyond AI, reaching the VR, gaming, and NFT narratives. This is because the three sectors are jointly or individually tapping into the GPU rendering, with Cinema 4D, Nvidia, Solana, Mattel, and Metaplex featuring among the entities collaborating with Render.

Render Price Prognosis With RNDR Displaying Bullish Momentum

When writing, the Render price is $1.423, with potential for more gains. With the right foot forward, the altcoin could extend to tag the 50-day Exponential Moving Average (EMA) at $1.574.

Further north, the Render price would need to overcome the 200- and 100-day EMAs at $1.664 and $1.698, respectively. In a highly bullish case, the altcoin would extrapolate its price into the supply zone around the $2,000 psychological level.

Overcoming this order block would see it flipped into a bullish breaker. This would clear the path for a possible ascension toward $2.291 and $2.504 in highly ambitious conditions.

The Relative Strength Index (RSI) supports the optimistic outlook, moving north to show growing momentum. This is reinforced by the green histogram bars of the Awesome Oscillator (AO), adding credence to the upside.

TradingView: RNDR/USDT 1-day chart

Conversely, the negative AO indicates a bearish presence in the market, which threatens the Render price potential for gains. With this, RNDR could slip below the immediate support at $1.329 or extend to the $0.951 base in the dire case. Such a move would denote a 35% slump.

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Besides Render token, another project showing bullish momentum is BTCBSC, which debuted only recently but is already making headlines.

RNDR Alternative

BTCBSC is the native token for the Bitcoin BSC network, a “green BEP-20 version of Bitcoin built on BNB Smart Chain.” The project is live in the presale stage. It offers investors who missed the 2011 Bitcoin market a chance to get in on the action.

Bitcoin BSC touts itself as the new version of Bitcoin, only cheaper and leveraging the BNB Smart Chain’s smart contract functionality. The smart contract is popular for several reasons, including that it is built atop the Ethereum blockchain, which is famous for security. Other benefits include cost-effectiveness and speed during transactions.

The project also showcases multiple opportunities for passive income, specifically for BTCBSC token holders. For one, you can stake the token and earn rewards in exchange. According to the website’s staking dashboard, the current annual percentage yield (APY) is 3533%, with up to $74,387 staked so far.

Notably, BTCBSC rewards distribution to users is block-based, with 69% of the total supply allocated for staking. This allocation will be spread, with the rewards given hinging upon an individual’s shares in the BitcoinBSC staking pool. Another determining factor is the APY at the time of allocation. Currently, the rewards reach 0.25 per block.

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The BitcoinBSC presale is ongoing, with a single BTCBSC token costing $0.99. So far, up to $128,250 has been raised in presale sales. This is no mean feat, considering the current target is $3.96 million.

Besides staking, you can also take advantage of the BTCBSC referral program. This gives you a chance to get 5% off every transaction that the account you refer to makes. All you have to do is share your link with them to bring them on the program and passively benefit from their trades.

Join the BTCBSC bandwagon here to “experience the fusion of Bitcoin’s historic value and Binance Smart Chain innovation.” You also have a chance to earn passive income through the staking feature, which is tied to Bitcoin’s original block reward mechanism. Don’t miss out for any reason.

Buy BTCBSC here.

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