Render Token Drops 13% in Today’s Trading Session

Render Token Dips by 13% in Today’s Trading

Render, the native token of the decentralized GPU-based rendering solutions provider, has experienced a significant downturn, dropping by 13% in today’s trading session. This marks the lowest recorded level for the token this week.

Current Market Status

According to recent data, Render’s token (RENDER) has declined by 13% over the past 24 hours. As of now, RENDER is trading at $5.16, with a market capitalization of $2.05 billion. The token began the week at $6.80 on September 30 but took a sharp dive to $6.09 on October 1. Since then, it has continued to decline, hitting a low of $5.17 on October 3.

Whale Accumulation Impact

The token saw some gains on September 25 when large investors, often referred to as whales and sharks, bought significant amounts of RENDER, pushing its price up by more than 33% within a week. This bullish movement coincided with a surge in artificial intelligence-related tokens, such as Bittensor (TAO), which also saw price increases.

During this period of aggressive accumulation, whales and sharks added 3.7% to their total holdings of Render tokens.

Long-Term Prospects

Despite the recent downturn, there remains some optimism about the long-term prospects of RENDER. A previous price analysis suggested a potential rise in RENDER’s value following a 2025 bull run, driven by growing demand for artificial intelligence solutions.

About Render

Render is a decentralized platform that enables GPU rendering, allowing artists to utilize powerful GPU nodes globally for their projects on demand. The company is recognized for its contributions to rendering and AI technology.

The native token RENDER, formerly known under the ticker RNDR, serves as the medium of exchange between users and providers of GPU power.

The Render Network operates using the OTOY technology stack, which employs OctaneRender software. This software integrates with a variety of applications, including Blender, Adobe After Effects, Houdini, Autodesk Maya, and Unreal Engine.

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