Render

Today's state: Render is trading at $1.50 with a $0.8 billion market capitalization (rank #75). The price moved -2.04% over the past 24 hours and is -4.11% over 7 days; the 30-day move stands at -27.80% and the 90-day at -21.71%. Both long-term and short-term horizons are pointing the same direction down — historically the regime where forced selling and capitulation are most likely to be in their later stages.

Position vs cycle: Sitting more than 70% under its prior cycle high, the asset is deep in post-peak drawdown territory — a zone associated with late-stage bear phases or a permanent downward re-rating.

Volatility and structure: 30-day realized volatility of 70.1% annualized is high for an asset this size. Our composite multi-horizon Price Strength reads Bearish (29/100), against a softening backdrop, with pressure stacking up over the 30- and 90-day windows.

Beyond Bitcoin, RNDR's 90-day return correlations to the other two largest layer-1 references help characterize whether the asset moves as part of a crypto-market beta complex or as something more idiosyncratic. The Pearson correlations across daily log returns:

• Bitcoin reference: +0.04 — a minimal positive relationship.
• Ethereum reference: +0.02 — a minimal positive relationship.
• Solana reference: -0.06 — a minimal negative relationship.

High correlation across several references usually means the asset is mostly crypto-market beta: when BTC, ETH and SOL move, it moves too, and independent alpha is hard to find. Low or negative readings point to its own drivers — project-specific news, intra-crypto sector rotation or narrative shifts — that can decouple it from the broad market.

Render (RNDR) is a cryptocurrency, traded on global digital-asset markets. It trades at $1.50 as of the latest update, with a 24-hour move down 2.04%, placing it at rank #35 by market capitalisation among all listed digital assets. Render's current market cap stands at $777.56M, a figure used by traders, analysts and institutional desks to gauge relative liquidity and risk exposure across the crypto market.

On this page you'll find a live, daily-refreshed dashboard tracking Render across multiple data sources — price history going back several years, on-chain activity where available, fundamentals like circulating supply and dilution, top exchanges by volume, technical analysis using moving averages and RSI, and an algorithmic short, mid and long-term forecast. All figures are pulled from public APIs and cached locally; nothing here is investment advice.

Render is part of the AI×crypto sector — networks attempting to capture value from the explosion in AI demand by providing the substrate on which AI services run (compute, data, identity). This is a narrative-heavy category, and prices have historically tracked AI-sector sentiment as much as any underlying network metric.

Render (RNDR) is a top-100 asset, ranked #75 among all tracked tokens by capitalisation. The project sits in the decentralized GPU rendering space, and launched in 2020. About 81% of the maximum RNDR supply is in circulation today (518.77M of 644.17M), leaving a moderate emission stream still to come. It currently trades about 89% below its all-time high of $13.63 set in March 2024.

Render sits at the intersection of artificial intelligence and crypto economics. The specific architecture varies: some networks pay token rewards to GPU providers contributing compute, some run a decentralized inference market, and some build proof-of-personhood / identity systems for the AI era. The unifying thread is using crypto economics to coordinate compute, data, or identity at scale outside of any single AI company's control.

Render (RNDR) is a top-100 asset, ranked #75 among all tracked tokens by capitalisation. The project sits in the decentralized GPU rendering space, and launched in 2020. About 81% of the maximum RNDR supply is in circulation today (518.77M of 644.17M), leaving a moderate emission stream still to come. It currently trades about 89% below its all-time high of $13.63 set in March 2024. Its fully-diluted valuation of $4.53B is about 5.8× the circulating market cap of $777.56M, a gap that signals issuance overhang to factor into any longer-term thesis.

Typical use cases include paying for compute access, rewarding GPU providers, paying for inference, staking on data accuracy, and identity attestation. Real on-chain activity for most AI-crypto projects remains modest relative to market capitalization — meaning these are primarily narrative-driven assets at present.

Daily volume runs at about 2.2% of market capitalisation ($16.98M in the last 24 hours), in the normal band for a coin of this size and supportive of orderly entries and exits.

To read Render's tokenomics, look at the issuance schedule, the share of supply already in circulation, and the gap between market cap and fully-diluted valuation. At 80.5% of maximum supply already issued, the remaining issuance is a relatively small fraction of total potential supply. Sell pressure from future issuance is therefore limited. The fully diluted valuation (FDV) of $4.5 billion stands at 5.8× the current circulating market cap of $0.8 billion. The wider this ratio, the more issuance overhang the asset faces — a structural headwind on valuation that mature assets like Bitcoin do not face but that early-cycle assets typically do.

For thesis-building, the relevant question is whether the structural value-accrual mechanism (fee burns, staking-yield reinvestment, deflationary supply mechanics, ecosystem TVL growth) outpaces the structural emission pressure. When it does, the price tends to grind higher over multi-quarter windows even without speculative momentum; when it does not, the asset typically requires consistent narrative-driven demand to absorb the issuance.

The macro picture for digital assets turns on three levers — Federal Reserve policy, the path of dollar liquidity, and broad risk sentiment. Historically the whole asset class has tracked the global liquidity cycle closely, expanding in easing regimes and contracting when financial conditions tighten.

For cross-asset context, monitor the dollar (a headwind when it strengthens), long-term Treasury yields (the discount rate on risk), gold (a sometime companion in monetary-debasement narratives), and the S&P 500 (often correlated with crypto on liquidity-driven swings even though crypto is popularly billed as uncorrelated).

Zooming in on Render, the most reliable leading indicator has tended to be crypto-native liquidity itself — aggregate stablecoin supply, open interest in futures, and exchange volume. Rising on-chain liquidity has historically pulled RNDR up; draining liquidity has done the opposite. With a comparatively loose 90-day BTC correlation of +0.04, RNDR has shown more idiosyncratic price behaviour than the average large-cap — its own catalysts can matter as much as the broad liquidity tide.

Specific risks: narrative dependence (price tracks AI-sector sentiment more than network usage), regulatory exposure (especially for identity-related projects), competition from centralized AI providers with vastly better unit economics, and the open question of how much real AI compute actually needs to be decentralized to function. Volatility on AI-crypto tokens tends to be higher than the broad alt-coin average.