In this guide, we will voice our own and market’s opinion on RNDR future while discussing the Render Token price forecast for 2023 and beyond.
Please bear in mind that you should take this and any other prediction with a grain of salt since predicting anything is a thankless task, let alone predicting the future of a novel, highly volatile financial asset like Render Token.
Now, let’s head into it. Before we delve deep into the Render Token price prediction and answer questions if RNDR is a good investment or not, why will RNDR succeed or fail or why will Render Token price rise or drop, let’s quickly throw a glance at what RNDR is and its to date history.
RNDR Price Prediction For The Next 90 Days
The whole crypto world is on a verge of a complete breakdown. Bitcoin has fallen 75% from its all-time high amid broader market declines caused by raging inflation and US Fed rate hikes. When add the most recent melt-downs of huge industry players (FTX, Celsius, Luna etc) into the equation, the horizont is murky and there will be more blood on the streets of the crypto town. Investors are selling risky assets and moving into more stable markets. Crypto is still perceived as a very risky play and hence the sell off. Our algo still sees a some green in 2023, especially in the second part of the year. This is reflected in our 2023 predictions. Right now, Bitcoin needs to find a bottom before we can move in the opposite direction and reverse the trend. Once Bitcoin settles in the new price range, altcoins will start to do the same - we have witnessed this scenario dozens of times in the distant and more recent history. Our price prediction model is bearish for the next 90 days with a hint of a bull market at the turn of the quarters from Q1 to Q2. We expect whales and other bigger players in the market to finish filling their bags around that time which will cause a typical and sudden crypto spike. CaptainAltcoin team created a price prediction model with a multi-faceted approach to crypto that takes into account both technical analysis and fundamental assessment of each project. Fundamentals that we evaluate are team, tokenomics, use case, community, marketing efforts, liquidity and exchange availability, hype & speculative potential and some other proprietary factors developed in our crypto lab.
Below is a tabular overview of how will RNDR develop in the short-term (for the next 90 days), according to our prediction model:
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Render Token Price Prediction 2023
High inflation and extremely unsafe macro situation reflected heavily on Bitcoin price in 2022. When we take the internal crypto troubles with big players like FTX, Celsius, Voyager, Luna going down, 2023 is not looking too good for the bulls. We will probably see a lot of boring sideways price action with a tendency to slip lower with each minor market tremor.
CaptainAltcoin’s prediction model takes market sentiment into an account and reacts accordingly. Below is a month-by-month breakdown of the last months of 2022 and 2023:
RNDR Price Prediction 2025
Our prediction model sees RNDR reaching $ 2.33 in 2025.
What will RNDR be worth in 5 years?
The price of RNDR in 5 years could lie around $ 0, according to Captainaltcoin’s prediction model.
Render Token Price Prediction 2030 – 2040
What Render Token will be worth in 2030?
Our forecasting model sees Render Token reaching $0 in 2030.
What Render Token will be worth in 2040?
Our forecasting model sees Render Token reaching $0 in 2040.
Will Render Token replace / surpass / overtake Bitcoin?
No, Render Token will not replace or overtake BTC.
Can Render Token reach $100?
No, our prediction model sees no possibility for Render Token to reach $100 in the short or mid-term period.
Can Render Token reach $1000?
No, our prediction model sees no possibility for Render Token to reach $1000 in the short or mid-term period.
How high will Render Token go?
Our forecasting model sees Render Token price crashing and dropping to near 0 in a distanced future.
Is Render Token worth buying?
We do not see a bright future for Render Token. It is worth buying only as a short-term speculation with a good exit strategy. Render Token is not a good long-term hold.
Is Render Token a good investment?
Render Token is not a good investment in our opinion. Why? Well, it faces a fierce competition from other similar crypto projects, does not stand out with its technology and innovation, does not have a genuine community (not counting speculators and hype-chasing crowd) and the team behind the project is unproven.
Can Render Token make you a millionaire?
No, Render Token can not make you a millionaire as we do not see it doing a 10x price increase any time in the future.
How much will Render Token be worth?
For the short-term future, it could reach $0.7198. In the long-term (8-10 years), it will most likely drop to 0 or thereabouts.
Why will Render Token succeed and go up in price?
Render Token has a slim chance of succeeding. It has no first mover advantage, it brings no unique value proposition, it has a weak team and small community behind it. All of this summed up prevents Render Token to succeed and rise in price for the long-term.
What is the short-term prediction for Render Token?
Render Token will reach $0.7198 in the next 90 days, which is a 39.4% change over the current price which hovers around $1.19.
Render Token Price Prediction Today - What will be the price of Render Token tomorrow?
Render Token will hover around $1.24 tomorrow.
When to sell and exit Render Token?
That depends on your trading profile. If you believe in Render Token and think it has a bright future, holding the coin for at least a couple of years is a good idea. Taking profits on good investments is an even better idea. So if you are sitting on 100-200% or even more gains on your Render Token, cashing out a portion of the funds is not a bad move.
Is Render Token halal to invest in?
Yes, Render Token is a halal investment. Generally, any coin that is not related to alcohol, adult industry, gambling or interest yielding activities (through lending & borrowing) is allowed for muslims, in principle. We advise you do more research and consult religious scholars on this matter.
Could Render Token crash and go to zero?
Render Token could very well be a dead project in 5 years or so. Once exchanges delist it and people can't trade it, you can call it a day - Render Token will be in a graveyard of crypto coins.
Can Render Token reach $10?
Yes, Render Token could reach $10 by the end of 2024.
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CaptainAltcoin's writers and guest post authors may or may not have a vested interest in any of the mentioned projects and businesses. None of the content on CaptainAltcoin is investment advice nor is it a replacement for advice from a certified financial planner. The views expressed in this article are those of the author and do not necessarily reflect the official policy or position of CaptainAltcoin.com