Render Price Prediction: RNDR drops 4% as world’s first AR/VR cryptocurrency pre-sale costs reach $6 million

adminMay 14, 2024

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Render prices have fallen 4% over the past 24 hours, trading at $10.84 as of 4:43 a.m. ET.

However, there are signs of recovery, with trading volume increasing by 27%. CoinGecko data shows that peers in the AI sector, including Internet Computer (ICP), Arkham (ARKM), and Nosana (NOS), are already rallying.

The surge seen in the AI cryptocurrency sector came after Apple signed a deal to use OpenAI’s technology in its new iPhone, Bloomberg reported.

Apple has signed an agreement with OpenAI to use OpenAI’s technology in the iPhone. This is part of a broader effort to bring artificial intelligence features to Apple devices https://t.co/2t2Jq0JtpO
— Bloomberg (@Business) May 13, 2024

The deal is part of a broader plan to introduce artificial intelligence features to Apple devices. There will be a more specific announcement about how artificial intelligence will affect the brand.

Such an announcement could coincide with the launch of iOS 18, which is expected to take place on the first day of the Worldwide Developers Conference on June 10.

Traders are optimistic about render prices, with some suggesting the 4% plunge is part of a healthy correction.

$render – Look where we bounced back. 😮‍💨 pic.twitter.com/7H7aCVwrzA
— Doji 🥷 (@SatsDoji) May 13, 2024

“Generative AI is going to grow exponentially for some time,” said @Rendoshi1, referring to the burgeoning “new era of computing.”

Generative AI will grow exponentially for some time. A new era of computing has just begun.
Sit back, relax, and rack up tokenized GPU computing. $render https://t.co/mkyUuVuwC2
— Rendoshi Tokamoto ⭕️ (@Rendoshi1) May 12, 2024

Render Price Predictions

Render prices are trading with a bullish bias despite a 4% decline on Monday. RNDR has maintained consistently high highs since early May amid growing bullish sentiment. Evidence of this is the rising Relative Strength Index (RSI), which indicates rising buyer momentum.

The Smooth Moving Average (SMMA) also offers downward support at $10.05, providing a point for the RNDR bull to regain buying power. It’s also a good entry point for a sideline or late-round bull. Additionally, the size of the AO (Awesome Oscillator) histogram bars is increasing, reinforcing the bullish sentiment regarding render prices.

An increase in buying pressure above current levels could push the render price to close the decisive candlestick above the 61.8% Fibonacci retracement level of $10.92. This move could lead to more buy orders, potentially sending RNDR price towards $12.21, the 78.6% Fibonacci retracement level.

In a very optimistic case, gains could extend to allow the AI token’s market value to retrace its all-time high of $13.86, a level last seen on March 17. Such a move would result in an increase of nearly 25% from current levels.

render price

GeckoTerminal: RNDR/USD 1-day chart

converse case

Conversely, if RNDR weakness gets its way, render prices could succumb to selling pressure. This could see the render price fall below the level of around $10.02, which is the support confluence between the 50% Fibonacci placeholder and SMMA.

If seller momentum strengthens enough to push the render price below the 38.2% Fibonacci placeholder of $9.11, the bullish argument will be invalidated. In effect, this means that the altcoin price is out of the golden zone. In a severe case, the RNDR token price could roll over to $7.98, which is the 23.6% Fibonacci retracement level.

Meanwhile, 5SCAPE is attracting attention as the pre-sale cost of the world’s first AR/VR cryptocurrency reaches $6 million. Oscar Ramos, a popular cryptocurrency YouTuber with over 80,000 subscribers, says the project meets all the requirements for pre-sale investment.

A promising alternative to render tokens

5SCAPE is the default cryptocurrency for the 5th Scape ecosystem. It calls itself: Described on its official website as “the world’s first AR and VR ecosystem connecting the smartest people,” it is the gateway to the next decade of innovation.

5th Scape will be a game changer in the VR and AR space, ushering in a new era for this technology. To implement this revolution, we plan to use the Cage Conquest MMA game model, currently in beta.

🥊 Exciting news, fighting with the fans! 🥊 Enter the adrenaline-pumping world of mixed martial arts with “MMA Cage Conquest,” the ultimate VR experience for MMA enthusiasts.
🎮 Now available in beta version on the META Store!
Make payment 👉https://t.co/ocnZmChmKV
🚀 Train, fight, and… pic.twitter.com/sekC30LWFV
— 5th Scape (@5th_scape) May 9, 2024

VR games are the core of the project, but there are plans to showcase other forms of content, including education, social applications, and creative tools.

Enter a new world of imagination. 🕹️🚀@5thscape Building the next generation #VR and #metaverse An ecosystem that redefines virtual reality.
Collect rare digital assets. The possibilities are endless!
Join our community – https://t.co/ewBcsEeltG#gambling #innovation #blockchain pic.twitter.com/hUe3cDDYnT
— 5th Scape (@5th_scape) February 11, 2024

5SCAPE, the ticker of the 5th Scape project, is a utility token within the ecosystem. This gives token holders unlimited access to premium VR content, voting rights, and potential staking opportunities. In addition to tickets, other use cases for 5SCAPE include:

Provides access: Holders have exclusive access to games, experiences and features within the platform.
Play to Earn (P2E) feature: Players can earn incentives with tradable 5SCAPE tokens upon listing.
Staking feature: Provided that the project plans to provide a staking mechanism.

With 5SCAPE, enter a world where your imagination is the only limit. Here’s what awaits you:
FREE LIFETIME ACCESS 🎁: Say goodbye to subscriptions! Enjoy an endless library of curated VR content that evolves according to your tastes.
Exclusive In-Game Advantages 🔒: Included… pic.twitter.com/AiPTd6NWer
— 5th Scape (@5th_scape) May 9, 2024

BUY 5SCAPE IN PRE-SALE

The price of 5SCAPE tokens is $0.00327 each. The listing price is fixed at $0.01, which means investors can make a profit of almost 206% by buying now.

5th scenery