RNDR Coin made a very smart move after the AI FOMO flared up in November 2022. The team came forward and said, “We will take steps to support the token price by the first quarter of 2023,” and they did what they said. Leveraging the connection between NVIDIA and AI, OpenAI‘s actions had a multiplier effect for RNDR Coin during this process.
Render (RNDR) Integration
Before looking at price predictions and comments, let’s talk about the integration announced about an hour ago. Render Network announced new cloud storage integrations for Dropbox and AWS S3. This integration simplifies the process by removing tasks like re-downloading and uploading for platform users.
For example, if you have AWS S3 cloud storage, you can use it directly while receiving services from Render Network. Although third-party storage support is currently limited to Dropbox and AWS S3, they aim to exceed 60 options.
This does not mean an official partnership with Amazon, but it shows the technical progress of the Render team, making it easier to use. Why is this important? If it benefits the use of RNDR Coin, the price will increase, and facilitating the use of services is positive.
Analysts’ Comments on RNDR Coin
Most popular analysts these days do not publish many evaluations outside of BTC and ETH. We can say that the disinterest in altcoins has also affected them. Therefore, we may also refer to the evaluations of relatively less known, potentially riskier analysts with lower consistency rates for altcoins. In any case, you should keep in mind that analysts do not see the future and may not always be well-intentioned.
The first evaluation for RNDR Coin was published today by kuzisatoshi with the following chart. After finding support at $4.228, they think the price will exceed $7 again. If it closes above $8, the target is $11.
The second analyst, known by the pseudonym TheDonOfApes, wrote that he bought RNDR Coin at lower levels after selling near the peak. This evaluation, published 8 hours ago today, encouraged those considering buying.
“I didn’t sell at the very top, but I sold at a price I was happy with, now I finished my DCA and bought again, I don’t think it will go lower than this, I am extremely bullish on this coin.”
The third and final analyst, who uses the pseudonym AskCryptoWealth, said it is the right time to buy and added;
“When the realized price is above the current price, it shows that most people are at a loss, just like here with RNDR Coin.”
