Render Delivers With 40% Gain As RNDR Dominates Sunday Charts
April 30 2023 - 1:27AM
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Among the top gainers on Sunday, CoinMarketCap shows that Render
(RNDR) has achieved a 41% growth over the past week. The crypto
actually dominated the roster of the day’s leading coins. Render
(RNDR) has been among the top performing crypto assets in the last
few weeks. Render allows owners of the increasingly powerful
graphics processing units (GPUs) industry to deliver computing
power during periods of low demand. Related Reading: Terra Classic
Recent Efforts Could Benefit LUNC’s Growth Potential Source:
CoinMarketCap Render (RNDR) – At A Glance The Render (RNDR) Network
is a blockchain-powered, decentralized, high-performance,
distributed-computing platform. It was developed to help businesses
in the film, animation, gaming, and architecture industries
complete complicated rendering projects quickly and affordably. To
fulfill the need of large-scale rendering projects, the RNDR
Network offers a scalable and decentralized solution by letting
users leverage underutilized GPU capacity from other network
participants to speed up their rendering processes. The RNDR coin
is the in-network currency that may be exchanged for computer
power, staked for network rewards, and used to elect leaders. In
sum, the RNDR Network utilizes blockchain technology and
distributed computing in an effort to completely overhaul the
rendering process. Network Gains Traction And Attention It’s no
surprise that Render has been getting a lot of attention lately,
what with the proliferation of the metaverse and the growing need
for rendering services in a wide range of enterprises. So, the
recent uptick in RNDR should not come as a surprise: widespread
consensus among the rendering community to get ready for the
inevitable increase in demand. Render debuted in 2017 and spent the
first half of 2018 in private sale. Render takes advantage of
Ethereum’s built-in security features when uploading and
transferring nodes to operators, as the network is based on the
Ethereum blockchain. Source: Coingecko RNDR Rallies Strong At the
time of writing, RNDR was trading at $2.47, up 41% in the last
week. Over the course of a two-week timeframe, the token has
rallied 46%, while maintaining a solid 93% increase in the monthly
period, data from crypto market tracker Coingecko shows. Render
Network Proposal 002 and Render Network Proposal 003 have both
recently been given the green light by the Render project’s
governance section. RNDR/US Dollar trading at $2.4550 on the daily
chart at TradingView.com Related Reading: Shiba Inu Price Sluggish:
Is It A Good Time To Invest Or Cut Losses? The goal of RNP-002 is
to allow for more users to take part in the network’s decentralized
infrastructure by adding more Layer 1s. Final Results: • RNP-002:
4.8M RNDR to approve and has met minimum quorum for final vote at
99.26% approvalhttps://t.co/czVyrEuS3s • RNP-003: 4.7M RNDR to
approve and has met minimum quorum for final vote at 99.90%
approvalhttps://t.co/BT5Y3WnhL3 — Render Network | RNDR
(@RenderToken) April 26, 2023 To integrate the Solana network into
its services, RNDR holders voted overwhelmingly in favor of the
idea. On the other hand, RNP-003, which was also accepted by the
Render Network community with a two-thirds majority, concerns
itself with the accumulation and distribution of project funds. The
objective is to provide the organization with the tools and
infrastructure it needs to carry out its objectives. It can then
focus on its mission and the expansion of the network. -Featured
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