The RENDER Network is stepping into 2025 with major planned changes to its ecosystem. After a successful 2024, during which it tripled its usage, the network has received community approval for three important proposals. These updates will introduce a new tier system for node operators, improve governance mechanisms, and adjust the tokenomics of the RENDER token.
With over 40 million frames already rendered and a community of more than 200,000 followers, the network has demonstrated both scalability and a commitment to community-driven growth.
Key Improvements Amid Market Volatility
The RENDER Network began the year with three major community-approved proposals that are expected to enhance its market position. Despite recent market fluctuations, these upgrades aim to strengthen the network’s infrastructure and usability.
RNP-016: Node Operator Tier System
RNP-016 introduces a new tier system for node operators. This change is designed to increase network reliability, especially for demanding rendering tasks. By categorizing operators based on performance and capacity, the network can better allocate resources and maintain consistent service quality.
RNP-017: Streamlined Governance
RNP-017 focuses on improving the governance process. It simplifies voting procedures, making it easier for community members to participate in decision-making. This update supports a more decentralized and efficient governance model.
RNP-018: Tokenomics Update
RNP-018 brings adjustments to the token economics of RENDER. These changes are intended to create a more sustainable economic model, potentially affecting token supply, demand, and overall utility within the ecosystem.
Despite these positive developments, RENDER has recently faced market volatility. Its ranking among cryptocurrencies dropped from 32nd to 39th, reflecting broader market trends. However, the network’s fundamental improvements suggest potential for recovery and growth.
The recent migration to Solana has already shown benefits, including increased efficiency and reduced transaction fees. Additionally, new integrations with AI services and tools like Cinema 4D and Redshift have expanded the network’s capabilities and workload capacity.
At the time of writing, RENDER's market capitalization is just under $4 billion, with a 3% decrease over the last 24 hours. However, daily trading volume has increased by 23%, reaching approximately $450 million. This mixed performance indicates a market in transition, assessing both recent upgrades and external factors.
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Technical Analysis and Price Outlook
Recent data from RENDER’s 30-minute chart presents mixed signals for its short-term price action. The token has been trading within a range between $7.40 and $7.77 since the beginning of the year. As of now, it is valued at around $7.68, showing signs of encountering short-term resistance.
Bollinger Bands Analysis
The Bollinger Bands indicate that volatility has been tightening. The price is currently near the upper band, which often suggests a pause in upward momentum. This pattern typically precedes a period of consolidation or a potential reversal.
Moving Average and MACD
The Simple Moving Average (SMA) provides support around $7.49, with prices consistently bouncing off this level. The Moving Average Convergence Divergence (MACD) is in positive territory but shows weakening momentum. The histogram bars are decreasing in size, and the signal line has crossed below the MACD line, hinting at possible short-term weakness.
Key Levels to Watch
Traders should monitor $7.77 as a resistance level and $7.49 as support. A breakout above $7.77 could signal further gains, while a drop below $7.49 might lead to increased selling pressure. Trading volume has remained steady but not exceptional, indicating that the market is still evaluating the token’s direction.
Given the recent network updates and current technical indicators, RENDER may experience a period of consolidation before making a significant move. The market appears to be balancing positive developments against the token’s recent ranking drop. A cautious, wait-and-see approach may be prudent until a clearer trend emerges.
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Frequently Asked Questions
What is the RENDER Network?
The RENDER Network is a decentralized platform that connects users needing rendering services with node operators who provide computational power. It is commonly used for graphics rendering, AI computations, and other intensive tasks.
How do the new proposals affect node operators?
The new tier system (RNP-016) categorizes node operators based on performance and capacity. This helps ensure reliable service for high-demand tasks and improves overall network efficiency.
What changes were made to tokenomics?
RNP-018 introduces adjustments to the RENDER token’s economic model. These changes aim to enhance sustainability, though specific details regarding supply or utility adjustments have not been fully disclosed.
Why did RENDER migrate to Solana?
The migration to Solana was conducted to increase transaction efficiency, reduce fees, and improve scalability. The move has already resulted in faster processing times and lower costs for users.
How does governance work on the RENDER Network?
Governance is community-driven, with token holders able to vote on proposals. RNP-017 simplifies the voting process, making it more accessible and efficient for participants.
What factors influence RENDER’s price?
Price is influenced by market sentiment, network developments, adoption rates, and broader cryptocurrency trends. Technical indicators, such as support and resistance levels, also play a role in short-term movements.