Render (RNDR) Will Go Above $15 In The Next 30 Days, Here Is Why!
TLDRIn this video, the host, Doc, discusses the imminent price surge of Render, a cryptocurrency, to over $15, attributing it to an upcoming price discovery phase. He references the significant increase in price for Injective and Fed after their all-time highs and predicts a similar trajectory for Render. The video also highlights the AI hype surrounding NVIDIA's GTC conference, where Render's CEO will speak, potentially driving the coin's value. Doc further speculates on Render's future market cap and ranking in the context of historical bull runs, suggesting it could reach a top 10 position and a price of $58 or more by 2025.
Takeaways
- ๐ The price of Render is expected to rise above $15 in the near future due to an upcoming price discovery event.
- ๐ The last time a coin experienced price discovery, like Injective did in December, it increased by 80% in two weeks.
- ๐ Render's all-time high is $8.76, and it's currently close to breaking that record, which could trigger a significant price increase.
- ๐ฎ The AI hype, particularly around NVIDIA's impressive numbers and the upcoming NVIDIA GTC conference, is expected to boost the price of AI-related coins like Render.
- ๐ NVIDIA GTC, the world's largest AI conference, will feature the CEO of Render, Jules, discussing the future of rendering, AI, and blockchain, which could generate additional hype.
- ๐ Render's CEO has been working with NVIDIA for over a decade, which could lead to a substantial increase in interest and investment in Render.
- ๐ The speaker suggests that Render could potentially reach a market cap of $22 billion or more in the next bull run, based on historical data and market trends.
- ๐น The speaker predicts that Render could achieve a price of $58 per coin by the next bull run, considering its current market cap and ranking.
- ๐ Render has climbed 100 ranks in a single year, suggesting that it could potentially reach the top 10 crypto rankings in the future.
- ๐ฐ The speaker advises viewers to always do their own research (DYOR) and not to invest all their funds due to the inherent risks in cryptocurrency markets.
Q & A
Why is the price of Render expected to rise above $15 in the upcoming weeks?
-The price of Render is expected to rise due to an upcoming event called price discovery, which typically occurs when a coin breaks its previous all-time high. Historically, after breaking an all-time high, coins like Injective and Fed have seen significant increases in value. Render's current price is close to its all-time high, and if it follows a similar pattern, it could reach above $15.
What is the significance of the NVIDIA GTC event for Render?
-The NVIDIA GTC event is the world's largest AI conference and expo, which is expected to generate significant AI hype. The CEO of Render, Jules, will be speaking at the event, discussing the future of rendering, real-time ray tracing, AI holographics, and the blockchain. This association with NVIDIA and the exposure at the event could lead to increased interest and investment in Render.
What is the historical market cap of a cryptocurrency ranked 39 during a bull run?
-Historically, during the 2021 bull run, a cryptocurrency ranked 39 had a market cap of around $5.5 billion. In the 2017 bull run, the top 39 ranked crypto had a market cap of around $1.3 billion, indicating a 4X increase in market cap.
What is the current market cap of Render?
-As of the time mentioned in the script, Render's market cap is $3 billion, with a price of $785 per coin.
What is the predicted price of Render during the next bull run based on market cap analysis?
-Based on the analysis, if Render maintains its rank at 39 during the next bull run and follows the historical pattern of a 4X increase in market cap, it could reach a price of around $58. However, the speaker believes Render could potentially reach the top 10, which would significantly increase its market cap and price.
Why is Render compared to the 'Nvidia of crypto'?
-Render is compared to the 'Nvidia of crypto' because of its strong association with Nvidia, the world's largest manufacturer of GPUs. Render and Ottoy, the company behind Render, have been working with Nvidia for over a decade, which adds credibility and potential for growth in the crypto market.
What is the speaker's opinion on the potential risk of investing in Render?
-The speaker acknowledges that investing in Render, like any investment, carries risk. They advise not to invest all one's capital and to be cautious of potential market setbacks.
How does the speaker suggest one can invest in Render and other cryptocurrencies?
-The speaker suggests using a partner buyit link provided in the video description to invest in Render and over 1,000 other cryptocurrencies. They mention that by using this link, viewers can receive up to $30,000 in deposit rewards and bonuses.
What is the speaker's Twitter handle for updates on Render and other bullish crypto news?
-The speaker's Twitter handle is '@theog', where they share updates and information about Render and other bullish cryptocurrencies.
What is the speaker's prediction for Render's ranking in the crypto market during the next bull run?
-The speaker predicts that Render could reach the top 10 in the crypto market during the next bull run, based on its current growth and the association with Nvidia.
Outlines
๐ Price Discovery and Render's Upcoming Surge
The first paragraph discusses the concept of price discovery, which occurs when a cryptocurrency breaks its previous all-time high. The video creator, Doc, uses Injective and Fed as examples of coins that have recently experienced significant price increases after breaking their all-time highs. The focus then shifts to Render, which is close to its all-time high of $8.76 set in November 2021. Doc predicts that Render will break this record soon and, based on historical data, could reach $16 after entering price discovery. The paragraph also mentions the upcoming NVIDIA GTC conference, which is expected to generate hype for AI-related cryptocurrencies like Render, especially since Render's CEO will be speaking at the event. This could lead to a significant increase in Render's price in the coming weeks.
๐ Render's Potential in the 2025 Bull Run and Partnership with NVIDIA
The second paragraph shifts focus to the potential value of Render during the next bull run, expected around 2025. Doc uses market cap and ranking as key metrics for his prediction. He references historical data from past bull runs to estimate that a cryptocurrency ranked 39, like Render, could reach a market cap of $22 billion, which would correspond to a price of $58 per Render token. However, Doc believes Render could achieve a top 10 ranking, which would significantly increase its value. He draws a comparison between NVIDIA's market cap and Render's potential, suggesting that Render, being closely associated with NVIDIA, could rise in value similar to how NVIDIA has become a top 10 stock. The paragraph ends with a call to action for viewers to follow Doc on Twitter for more updates on Render and other bullish cryptocurrency news.
Mindmap
Keywords
๐กRender
๐กPrice Discovery
๐กAI Hype
๐กNVIDIA GTC
๐กMarket Cap
๐กBull Run
๐กCryptocurrency
๐กRisk Management
๐กTop 10 Crypto
๐กBlockchain
Highlights
Render's price is expected to go above $15 in the upcoming weeks.
Price discovery occurs when a coin breaks its previous all-time high.
Injective experienced an 80% price increase in two weeks after breaking its all-time high.
Render's current price is close to its all-time high of $8.76 set in November 2021.
A potential 80% increase from Render's all-time high could bring the price to almost $16.
AI hype, including Nvidia's strong performance, is contributing to the bullish sentiment.
The NVIDIA GTC conference, the world's largest AI event, is expected to boost AI-related cryptocurrencies.
Render's CEO, Jules, will be speaking at the NVIDIA GTC conference, which could generate significant hype.
Render has been working with Nvidia for over a decade, which could lead to substantial growth.
The speaker lineup at NVIDIA GTC includes top executives from major companies like Meta, OpenAI, Google, and Microsoft.
The speaker lineup at NVIDIA GTC is expected to cause a heavy pump for AI coins like Render.
The speaker lineup at NVIDIA GTC is expected to cause a heavy pump for AI coins like Render.
Render's market cap ranking is 39, and it could potentially reach a top 10 ranking in the next bull run.
Based on historical data, a cryptocurrency ranked 39 could have a market cap of up to $22 billion in the next bull run.
Render's price could reach $58 based on its current market cap and ranking.
Nvidia's market cap is equivalent to the entire crypto market, which could influence Render's growth.
The speaker lineup at NVIDIA GTC is expected to cause a heavy pump for AI coins like Render.
The speaker lineup at NVIDIA GTC is expected to cause a heavy pump for AI coins like Render.
The speaker lineup at NVIDIA GTC is expected to cause a heavy pump for AI coins like Render.
