Render token (RNDR) is skyrocketing, with a remarkable 10% surge, now priced at $2.58. This outstanding performance aligns with a bullish trend, merging the hottest narratives of our time: Artificial Intelligence (AI) and Decentralized Physical Infrastructure Networks (DePIN).
From a technical perspective, Render (RNDR) shows considerable signs of strength. After recently transforming a key resistance into support, the bullish momentum is accelerating. However, the path to new highs faces a significant obstacle: a strong resistance zone between $2.81 and $3.10. Breaking through this ceiling is crucial for the continuation of the movement.
If buyers manage to break through this zone, analysts agree on the next targets. A first target sits at $3.60, followed by a more ambitious objective at $4.00. The current momentum, supported by growing on-chain demand, particularly on Solana where the network is increasingly active, makes this scenario plausible.
The rise of RNDR is not mere speculation; it rests on solid fundamentals. Render Network is a decentralized platform that connects users needing GPU computing power (for 3D rendering, AI, etc.) with those who have unused GPU capacity. This value proposition places it at the heart of the DePIN narrative.
The DePIN sector, which aims to build physical infrastructure (servers, storage, etc.) in a decentralized manner, is expanding rapidly, with market projections reaching $3.5 trillion by 2028. Render is currently the second-largest project in this sector, just behind the decentralized storage giant, Filecoin. This leadership position in a sector experiencing exponential growth logically attracts investors.
Moreover, the rise of Artificial Intelligence creates an almost insatiable demand for GPU computing power. Render offers a more efficient and potentially less expensive solution than traditional centralized providers, making it an essential infrastructure for the future of AI. Each market cycle rediscovers the importance of computing power, and Render is already positioned, functional, and experiencing rapid growth to meet this demand.
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Gaston has been a writer for over 7 years and a passionate cryptocurrency enthusiast since 2020. He loves exploring the crypto ecosystem and is now dedicated to sharing his insights and discoveries through InvestX.
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