{"id":518572,"date":"2023-02-03T16:10:14","date_gmt":"2023-02-03T16:10:14","guid":{"rendered":"https:\/\/uniquehot.com\/?p=518572"},"modified":"2023-02-05T12:18:14","modified_gmt":"2023-02-05T12:18:14","slug":"this-altcoin-blows-up-96","status":"publish","type":"post","link":"https:\/\/uniquehot.com\/news\/this-altcoin-blows-up-96\/","title":{"rendered":"This Lesser Known Altcoin Blows Up 91% In The Last Week – Find Out Here"},"content":{"rendered":"

Graphic Processing Units, more commonly known as GPUs, are an essential part of a computer to perform complex tasks like gaming or video editing. With video content playing a <\/span>big<\/span><\/a> part in the modern society, rendering a simple video with using a desktop computer might take a few minutes to a few hours.\u00a0<\/span><\/p>\n

Render Network addresses these, and the computing power requirement for Web3\u2019s continuous growth. Because of this utility, RNDR, the network\u2019s native token, has exploded 91% in the weekly time frame as seen on <\/span>Coingecko<\/span><\/a>.\u00a0<\/span><\/p>\n

\"\"<\/p>\n

How Does Render Work?\u00a0<\/strong><\/h2>\n

Founded<\/span><\/a> in 2016 by Jules Urbach, the network uses a decentralized system of GPUs that help creatives leverage the computing power for a fee. The nodes that contributed to the project are then rewarded with RNDR, the network\u2019s native token.\u00a0<\/span><\/p>\n

The use of GPUs in the world of crypto is not a novel idea. A <\/span>proof-of-work system<\/span><\/a> uses a GPU as well in a different setting. In PoW, the GPU crunches through complex math to provide the blockchain security. The GPU owner \u2013 which in this case is called a miner \u2013 is then rewarded for successfully mining a block.<\/span><\/p>\n

Hence, the name of the technology, <\/span>blockchain<\/span><\/a>.\u00a0<\/span><\/p>\n

With Render\u2019s use case, no block is mined. Instead, 100% of the computing power of the GPU is used to process multiple types of media. A user, designated a Creator, would put a render request on the network for a fee. This request would then be distributed to a node which would then process the render and gain RNDR for the job.<\/span><\/p>\n

A small fee is paid to the network for the maintenance of the network itself. With the interest in NFTs <\/span>growing<\/span><\/a> lately, Render might see more demand in the near future.\u00a0<\/span><\/p>\n

What\u2019s In Store For RNDR?\u00a0<\/strong><\/h2>\n

The native token of Render has been seeing amplified growth in the past month as a result of the broader market rally which pulled the entire market upward. As it stands now, RNDR is above its $1.494 support level, regaining May 2022 levels.\u00a0<\/span><\/p>\n

This recent breakthrough will give RNDR bulls with enough momentum to potentially turn $2 to support. But the current breakthrough might\u2019ve exhausted the bulls as the token enters consolidation above its current support.\u00a0<\/span><\/p>\n

Related Reading: Polygon Beefs Up Layer 2 Position, Gets The Edge In NFT Transactions Vs. Ethereum<\/a><\/div>\n

<\/p>\n

Crypto total market cap at $1 trillion on the daily chart | Chart: TradingView.com<\/a><\/pre>\n
Related Reading: AVAX Jumps 22% As Avalanche Records Another Win For Institutional Adoption<\/a><\/div>\n
Investors and traders should be able to enjoy profits in the short to medium term as the low volatility enters the market. Long term, bulls can comfortably target $2 with a possibility of higher breakthroughs if the aforementioned resistance is broken.\u00a0<\/span><\/p>\n
Featured image by Beanstalk<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"
Graphic Processing Units, more commonly known as GPUs, are an essential part of a computer to perform complex tasks like gaming or video editing. With video content playing a big part in the modern society, rendering a simple video with using a desktop computer might take a few minutes to a few hours.\u00a0 Render Network addresses these, and the computing power requirement for Web3\u2019s continuous growth. Because of this utility, RNDR, the network\u2019s native token, has exploded 91% in the weekly time frame as seen on Coingecko.\u00a0 How Does Render Work?\u00a0 Founded in 2016 by Jules Urbach, the network uses a decentralized system of GPUs that help creatives leverage the computing power for a fee. The nodes that contributed to the project are then rewarded with RNDR, the network\u2019s native token.\u00a0 The use of GPUs in the world of crypto is not a novel idea. A proof-of-work system uses a GPU as well in a different setting. In PoW, the GPU crunches through complex math to provide the blockchain security. The GPU owner \u2013 which in this case is called a miner \u2013 is then rewarded for successfully mining a block. Hence, the name of the technology, blockchain.\u00a0 With Render\u2019s use case, no block is mined. Instead, 100% of the computing power of the GPU is used to process multiple types of media. A user, designated a Creator, would put a render request on the network for a fee. This request would then be distributed to a node which would then process the render and gain RNDR for the job. A small fee is paid to the network for the maintenance of the network itself. With the interest in NFTs growing lately, Render might see more demand in the near future.\u00a0 What\u2019s In Store For RNDR?\u00a0 The native token of Render has been seeing amplified growth in the past month as a result of the broader market rally which pulled the entire market upward. As it stands now, RNDR is above its $1.494 support level, regaining May 2022 levels.\u00a0 This recent breakthrough will give RNDR bulls with enough momentum to potentially turn $2 to support. But the current breakthrough might\u2019ve exhausted the bulls as the token enters consolidation above its current support.\u00a0 Related Reading: Polygon Beefs Up Layer 2 Position, Gets The Edge In NFT Transactions Vs. Ethereum Crypto total market cap at $1 trillion on the daily chart | Chart: TradingView.com Related Reading: AVAX Jumps 22% As Avalanche Records Another Win For Institutional Adoption Investors and traders should be able to enjoy profits in the short to medium term as the low volatility enters the market. Long term, bulls can comfortably target $2 with a possibility of higher breakthroughs if the aforementioned resistance is broken.\u00a0 Featured image by Beanstalk<\/p>\n","protected":false},"author":557,"featured_media":518584,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[3],"tags":[134,11392,87765],"class_list":["post-518572","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-altcoin","tag-render","tag-rndr"],"acf":[],"yoast_head":"\nThis Lesser Known Altcoin Blows Up 96%<\/title>\n<meta name=\"description\" content=\"Graphic Processing Units, more commonly known as GPUs, are an essential part of a computer to perform complex tasks like gaming or video editing. 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But for Christian, that's not just a metaphor, it's a lifestyle. By day, he navigates the ever-shifting tides of the cryptocurrency market, wielding words like a seasoned editor and crafting articles that decipher the jargon for the masses. When the PC goes on hibernate mode, however, his pursuits take a more mechanical (and sometimes philosophical) turn. Christian's journey with the written word began long before the age of Bitcoin. In the hallowed halls of academia, he honed his craft as a feature writer for his college paper. This early love for storytelling paved the way for a successful stint as an editor at a data engineering firm, where his first-month essay win funded a months-long supply of doggie and kitty treats \u2013 a testament to his dedication to his furry companions (more on that later). Christian then roamed the world of journalism, working at newspapers in Canada and even South Korea. 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But for Christian, that's not just a metaphor, it's a lifestyle. By day, he navigates the ever-shifting tides of the cryptocurrency market, wielding words like a seasoned editor and crafting articles that decipher the jargon for the masses. When the PC goes on hibernate mode, however, his pursuits take a more mechanical (and sometimes philosophical) turn. Christian's journey with the written word began long before the age of Bitcoin. In the hallowed halls of academia, he honed his craft as a feature writer for his college paper. This early love for storytelling paved the way for a successful stint as an editor at a data engineering firm, where his first-month essay win funded a months-long supply of doggie and kitty treats \u2013 a testament to his dedication to his furry companions (more on that later). Christian then roamed the world of journalism, working at newspapers in Canada and even South Korea. He finally settled down at a local news giant in his hometown in the Philippines for a decade, becoming a total news junkie. But then, something new caught his eye: cryptocurrency. It was like a treasure hunt mixed with storytelling - right up his alley! So, he landed a killer gig at NewsBTC, where he's one of the go-to guys for all things crypto. He breaks down this confusing stuff into bite-sized pieces, making it easy for anyone to understand (he salutes his management team for teaching him this skill). Think Christian's all work and no play? Not a chance! When he's not at his computer, you'll find him indulging his passion for motorbikes. A true gearhead, Christian loves tinkering with his bike and savoring the joy of the open road on his 320-cc Yamaha R3. Once a speed demon who hit 120mph (a feat he vowed never to repeat), he now prefers leisurely rides along the coast, enjoying the wind in his thinning hair. Speaking of chill, Christian's got a crew of furry friends waiting for him at home. Two cats and a dog. He swears cats are way smarter than dogs (sorry, Grizzly), but he adores them all anyway. Apparently, watching his pets just chillin\u2019 helps him analyze and write meticulously formatted articles even better. Here's the thing about this guy: He works a lot, but he keeps himself fueled by enough coffee to make it through the day - and some seriously delicious (Filipino) food. He says a delectable meal is the secret ingredient to a killer article. And after a long day of crypto crusading, he unwinds with some rum (mixed with milk) while watching slapstick movies. Looking ahead, Christian sees a bright future with NewsBTC. He says he sees himself privileged to be part of an awesome organization, sharing his expertise and passion with a community he values, and fellow editors - and bosses - he deeply respects. So, the next time you tread into the world of cryptocurrency, remember the man behind the words \u2013 the crypto crusader, the grease monkey, and the feline philosopher, all rolled into one.","sameAs":["jomarjet01"],"url":"https:\/\/uniquehot.com\/author\/jomarjet01\/"}]}},"parsely":{"version":"1.1.0","meta":{"@context":"https:\/\/schema.org","@type":"NewsArticle","headline":"This Lesser Known Altcoin Blows Up 91% In The Last Week – Find Out Here","url":"http:\/\/uniquehot.com\/news\/this-altcoin-blows-up-96\/","mainEntityOfPage":{"@type":"WebPage","@id":"http:\/\/uniquehot.com\/news\/this-altcoin-blows-up-96\/"},"thumbnailUrl":"https:\/\/uniquehot.com\/wp-content\/uploads\/2023\/02\/Ren.png?resize=200%2C200","image":{"@type":"ImageObject","url":"https:\/\/uniquehot.com\/wp-content\/uploads\/2023\/02\/Ren.png?fit=843%2C550"},"articleSection":"Cryptocurrency Market News","author":[{"@type":"Person","name":"Christian Encila"}],"creator":["Christian Encila"],"publisher":{"@type":"Organization","name":"NewsBTC","logo":"https:\/\/uniquehot.com\/wp-content\/uploads\/2020\/06\/cropped-cropped-cropped-favicon.png?w=32"},"keywords":["altcoin","render","rndr"],"dateCreated":"2023-02-03T16:10:14Z","datePublished":"2023-02-03T16:10:14Z","dateModified":"2023-02-05T12:18:14Z"},"rendered":"<script type=\"application\/ld+json\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@type\":\"NewsArticle\",\"headline\":\"This Lesser Known Altcoin Blows Up 91% In The Last Week – Find Out Here\",\"url\":\"http:\\\/\\\/uniquehot.com\\\/news\\\/this-altcoin-blows-up-96\\\/\",\"mainEntityOfPage\":{\"@type\":\"WebPage\",\"@id\":\"http:\\\/\\\/uniquehot.com\\\/news\\\/this-altcoin-blows-up-96\\\/\"},\"thumbnailUrl\":\"https:\\\/\\\/uniquehot.com\\\/wp-content\\\/uploads\\\/2023\\\/02\\\/Ren.png?resize=200%2C200\",\"image\":{\"@type\":\"ImageObject\",\"url\":\"https:\\\/\\\/uniquehot.com\\\/wp-content\\\/uploads\\\/2023\\\/02\\\/Ren.png?fit=843%2C550\"},\"articleSection\":\"Cryptocurrency Market News\",\"author\":[{\"@type\":\"Person\",\"name\":\"Christian Encila\"}],\"creator\":[\"Christian Encila\"],\"publisher\":{\"@type\":\"Organization\",\"name\":\"NewsBTC\",\"logo\":\"https:\\\/\\\/uniquehot.com\\\/wp-content\\\/uploads\\\/2020\\\/06\\\/cropped-cropped-cropped-favicon.png?w=32\"},\"keywords\":[\"altcoin\",\"render\",\"rndr\"],\"dateCreated\":\"2023-02-03T16:10:14Z\",\"datePublished\":\"2023-02-03T16:10:14Z\",\"dateModified\":\"2023-02-05T12:18:14Z\"}<\/script>","tracker_url":"https:\/\/cdn.parsely.com\/keys\/uniquehot.com\/p.js"},"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"https:\/\/uniquehot.com\/wp-content\/uploads\/2023\/02\/Ren.png?fit=843%2C550","amp_enabled":true,"_links":{"self":[{"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/posts\/518572"}],"collection":[{"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/users\/557"}],"replies":[{"embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/comments?post=518572"}],"version-history":[{"count":0,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/posts\/518572\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/media\/518584"}],"wp:attachment":[{"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/media?parent=518572"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/categories?post=518572"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/tags?post=518572"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}