Outside Source
Render, the native token of decentralized graphics processing unit-based rendering solutions provider, has gone down by 13% in today’s trading. The token has reached its lowest recorded level in this week alone.
According to data from CoinGecko, Render’s token RENDER(RENDER) has gone below 13% in the last 24 hours of trading. Currently, RENDER is trading hands at $5.16 with a market cap of $2.05 billion.
RENDER started the week at a price of $6.80 on Sept. 30 but has since took a dive on Oct. 1, plummeting to $6.09. Since then, Render’s native token has continued its downward spiral until it reached its lowest point at $5.17 on Oct. 3.
The token saw some gains after it was bought by whales and sharks on Sep. 25, giving it a bullish push by more than 33% within a week. This upside coincided with a fresh spike in artificial intelligence-related tokens, such as Bittensor(TAO) that saw its price rise.
During the aggressive accumulation, whales and sharks boosted Render’s total supply, adding 3.7% to their holdings.
Since then, the token’s price has yet to recover following its dive in October.
In a July price analysis, crypto.news explored the possible rise of RENDER following a 2025 bull run, but that remains to be seen as the demand for artificial-intelligence solution continue to grow.
Render is a decentralized platform for GPU rendering that allows artists to use powerful GPU nodes worldwide for their projects on demand. The company is known for providing solutions in rendering and AI technology.
Render’s native token RENDER, previously labeled with the ticker RNDR, serves as the medium of exchange between users and providers of GPU power.
The Render Network operates under the OTOY technology stack, which uses OctaneRender software. This software is integrated with a wide range of applications including Blender, Adobe After Effects, Houdini, Autodesk Maya, Unreal Engine, and more.
This article first appeared at crypto.news
