🌎 Render Network Price Could Reach $25 by 2025 Amid Bull Run

With the 2025 bull run approaching, the Render Network price could see a significant rise. The increasing demand for 3D graphics in entertainment leads to the question: Could RENDER reach $25 by 2025? Let’s examine the factors involved.

What is Render?

The Render Network is a decentralized platform for GPU rendering, allowing artists to utilize powerful GPU nodes globally for their projects on demand. Node providers contribute their unused GPU power to a blockchain-based marketplace, enabling faster and cheaper rendering compared to traditional centralized services. The Render token acts as the medium of exchange between users and providers of GPU power.

Additionally, Render Network is part of the OTOY technology stack, leveraging OctaneRender software. It integrates with widely used applications such as Blender, Adobe After Effects, Houdini, Autodesk Maya, and Unreal Engine.

Market Potential

The entertainment industry, especially gaming and cinema, is the primary market for 3D graphics rendering. The demand for computer-generated imagery (CGI) and animation continues to grow. For instance, the entertainment sector could potentially exceed $3 trillion in value.

This growing demand for 3D graphics will benefit platforms like Render that offer scalable rendering services. Render Network’s availability on multiple blockchain networks – Ethereum, Polygon, and Solana – provides additional flexibility and reach. Solana, in particular, stands out for its high scalability and low transaction fees, making it suitable for increased rendering workloads.

Furthermore, Render has collaborated with major productions, including the VR experience for “Batman: The Animated Series” and the opening titles for “Westworld.”

Market Position

As of July 25, Render Network ranks second in distributed computing, only behind Internet Computer, and holds the 32nd position in the broader crypto market with a market cap of around $2.6 billion.

While some might dream of tokens skyrocketing to $100 or $1,000, realistic price analysis is essential. Render’s already high-ranking position limits its growth potential. It’s crucial to view the market objectively.

Inflation and Supply

Render Network does not face significant concerns over token unlocks, as most tokens have already been unlocked. The only new tokens entering circulation result from the inflation rate, set at 760,567 RENDER per month to incentivize users. However, the actual circulating supply has inflated differently. From January 2024 to July 2024, the supply increased by 18,950,928 RENDER, resulting in a 5.1% inflation rate over six months.

The Burn Mint Equilibrium deflationary mechanism has not prevented this level of inflation. If the trend continues, the annual inflation rate will reach 10.2%. This metric is crucial for forecasting the supply by mid-2025 to accurately assess the token’s valuation. Starting with a supply of 390,859,381 tokens, the projected supply would be approximately 430,727,038 RENDER.

Correlation with Bitcoin Price Movements

Analysis of the Pearson correlation coefficient between RENDER and BTC from 2020 to July 2024 shows a correlation of 0.727. This indicates a strong linear relationship, with RENDER’s price movements closely following BTC’s.

The analysis also examined the yearly standard deviations for RENDER and BTC, which were 1.725 and 0.616, respectively. Additionally, RENDER had annual returns of 235.69%, while BTC had 62.98%. These numbers helped create a model to predict RENDER’s price changes based on BTC’s movements.

RENDER
BTC
Annual Return
235.69%
62.98%
Annual St. Deviation
1.725
0.616
Pearson Correlation Coefficient
0.727
0.727

Render’s 2025 Bull Run Price Analysis

We developed a model with three scenarios: bear case, base case, and bull case. These scenarios correspond to BTC prices in 2025 of $100,000, $150,000, and $200,000, respectively. By standardizing the changes in BTC and RENDER, we calculated the expected price for RENDER in each scenario. The calculations assume a BTC price of $65,000 and a RENDER price of $6.80 as the starting points:

Bear Case
Base Case
Bull Case
BTC
$100,000
$150,000
$200,000
RENDER
$14.26
$24.91
$35.57

The base case scenario appears to be the most realistic. Given the calculated supply, it projects RENDER reaching a market cap of approximately $10.73 billion and a price of $24.91. This market cap seems achievable, considering RENDER will not be the only token to rise during a bull run.