- Bullish analysis and rising adoption in decentralized infrastructure are supporting a rebound of Render (RNDR).
- Coinbase’s addition of Render futures and network growth is driving interest in Render’s expanding ecosystem.
Render (RNDR) is seeing a positive rebound, and famous analyst Javon Marks has highlighted its potential. According to Marks, Render had previously achieved over a 10x gain, reaching $7.8501 (about $7.844 adjusted).
Analyst Predicts a Significant Recovery for Render
Despite the strong rise, a Hidden Bull Divergence has been verified just below this target, implying a large rebound may be on the way. He forecasts that this will result in a more than 120% recovery, putting Render back around $12.30.
Source: Javon Marks on X
Furthermore, when the recovery gets momentum, the token has the potential to reach $15.33847725. With enough strength from this divergence, Marks believes Render will finally break above $22.
If a Full Logarithmic Follow-Through occurs, Render’s price might reach a whopping $150, demonstrating the crypto’s remarkable potential.
Render has recently experienced some important developments, which contribute to its positive outlook. Previously, according to CNF, Coinbase has launched perpetual futures for Render and two other tokens to its international platform, expanding trading choices for global investors.
This strategic decision by Coinbase implies growing institutional interest and provides more opportunity for investors to capitalize on Render’s volatility and potential growth.
Additionally, the Render Network has seen an increase in frame rendering and active addresses, which has encouraged network adoption and interest. This growth reflects an increase in demand for Render’s services, as well as the platform’s growing usability and usage.
Furthermore, as we previously noted, Render’s position as a leader in Decentralized Physical Infrastructure Networks (DePIN) continues to strengthen. The project joins other breakthrough DePIN projects such as Helium and Filecoin, all of which are pioneering the shift to decentralized infrastructure.
Render’s contribution to the DePIN sector has been critical, since it provides decentralized GPU rendering solutions for a diverse range of industries, including entertainment, architecture, and artificial intelligence.
At the time of writing, the RENDER token is trading at $5.87, up 6.72% over the last 24 hours and 21.05% over the last week. This recent performance has increased its market cap to be more than $3 billion.