The price of RENDER is facing renewed interest as its role in supporting artificial intelligence, 3D rendering, and digital media grows. Industry watchers point to its integration with Solana as a pivotal shift towards faster and cheaper access to computing using graphics processing units.
Analysts are now comparing RENDER to Nvidia, but within the decentralized infrastructure of Web3. Backed by partnerships with companies like Apple, Netflix, and Disney, the project is gaining renewed momentum. With RENDER trading in the accumulation zone, traders are closely monitoring the potential for a breakout.
■ The price of RENDER has declined but maintains a major support range
At the time of publication, the price of the token was $4.25, down 2.06% over the past 24 hours and 18.43% over the past week. The price of the token fluctuated between $4.26 and $4.52 in the last 24 hours and ranged from $4.28 to $5.32 throughout the week.
According to Crypto Patel, this price range represents an accumulation opportunity between $4 and $3.40.
Crypto Winkle noted that RENDER is still in an upward trend despite minor pullbacks, adding that this pattern is common in strong market cycles.
There is believed to be a growing long-term demand for the power of decentralized graphics processing units, especially as more developers seek scalable AI and 3D solutions.
The recent deployment of the Render network on Solana may facilitate graphics processing unit computing, thereby reducing transaction costs for developers and creators. This move positions RENDER as a decentralized alternative to traditional cloud computing services for graphics processing units.
Crypto Patel noted that the new network setup on the Solana platform enhances transaction speed and efficiency. This shift could drive further adoption, particularly among gaming studios, emerging AI companies, and 3D content creators.
Analysts indicate that rising demand could push the cryptocurrency to exceed the current resistance level at $5.32.
■ RENDER as an alternative to Web3 for Nvidia's dominance in graphics processing units
Experts in the field, such as @ProRender203, compare RENDER to Nvidia, which currently leads the $3 trillion graphics processing unit market. It has been noted that RENDER could serve as the infrastructure for cryptocurrency-based graphics processing units, which enhance the future of the artificial intelligence sector.
It was also confirmed that Render has worked with Nvidia's RTX 5090 and Blackwell platforms. With expectations that the markets for graphics processing units and artificial intelligence will reach $10 trillion by 2030, some believe RENDER could play a pivotal role in the workflow of decentralized AI.
Crypto Patel announced price targets for the token at $8.60, $15, $25, $40, and possibly $50, indicating a previous rise of 49 times. The current valuation of $2.2 billion, with a circulating supply of 520 million, suggests room for growth.
Technical support is settling around $4.20, and overall interest in graphics processing units (GPUs) is increasing. Monitoring whether $RENDER can reclaim the $5.32 level or decline towards $3.40 before any potential reversal will be critical.