Render (RNDR)

Render (RNDR)
Render (RNDR) is a distributed GPU rendering network built on the Ethereum blockchain, designed to connect artists and studios needing GPU compute power with mining partners willing to rent out their GPU capabilities.

Render price resumed its journey to the downwards after a short consolidation near the $6 level. with a weekly loss of 24.7%, Render emerged as one of the weekly losers. At the time of writing, RNDR was exchanging hands close to $5.16 rising 4.7% a day.

It has a live market capitalization of $2.02 Billion and ranks 40th in the cryptoverse. The trading volume has dropped by 23.1% to $59.07 Million a day.

From a technical standpoint, Render price hovers below all the key EMAs suggesting a strong bearish trend prevailing. Additionally the MACD line had also withdrawn below the zero line indicating a bearish continuation.