Render Token Price Up 50% in April, Analysts Predict DeeLance is the RNDR of the Web3 Freelancers
The Render Token Price has garnered a whopping 50% increase in price in April, making it one of the best performers in an industry largely controlled by Bitcoin and Ethereum.
The Render blockchain seeks to facilitate a much more accommodating graphics processing unit (GPU) rendering for music lovers and connects artists and studios in need of computing power with miners.
The token works in a peer-to-peer (P2P) network, which makes for improved and simplified streaming and rendering of 3D environments, models, and objects for end users.
Another project looking to connect like-minded individuals is the DeeLance project. Currently on presale, DeeLance is the Web3 version for Upwork and Fiverr, providing a low-cost and permissionless platform for freelancers and employers to connect.
In the last couple of weeks, its network token has gained tremendous support from the crypto community, pointing to its capability to become the RNDR bridge for the freelance industry.
Launched in 2017, the RNDR is the network token utilized in GPU rendering and connecting artists with studios. It serves as a payment token and also doubles as a governance asset.
The platform basically links music artists and studios with mining partners willing to rent out their excess GPU capabilities in return for a fee. This transaction is executed on the Render marketplace.
At press time, the $RNDR token is trading at $1.74 USD, indicating an uptrend of 1.57% in the last 24 hours.
Render Token (RNDR) has seen a significant surge in its price in the past weeks. As of today, the 24-hour trading volume of the $RNDR Token is $74 million.
Its 50-day moving average (MA) indicator price of $1.346 shows that $RNDR is on a bullish wave. Its longer-term 200-day MA of
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