 Aside from Bitcoin, BTC and Ethereum, ETH, there are other digital currencies worth considering for people looking to diversify their portfolios and get experience with new cryptocurrencies. Render token RNDR is one of them. RNDR is an ERC-20 compatible utility token used to pay for animation, motion graphics and VFX rendering on the distributed render network. It is a peer-to-peer GPU compute network that connects creators who require additional computation power for rendering their scenes to providers who receive RNDR tokens in exchange for their GPU power. The render token, RNDR, is an Ethereum token that enables distributed graphics processing using the render network protocol. Render network connects people seeking to render images and video with those with idle graphics processing capacity using RNDR as the medium of exchange. In 2009, OTOI Inc. created the OTOI, CEO Jules Erbach launched in 2017. RNDR performed its initial public token sale in October of that year, followed by a private sale period from January 2018 to May 2018, during which 117,843,239 RNDR were sold at one RNDR equal sign, 25 cents for each token. During the private sale period, early adopters were onboarded onto the RNDR beta testnet, where beta node operators and artists collaborated with the RNDR team to create and test the network before its public launch on April 27, 2020. Artists on the network can trade RNDR, an ERC-20 utility token for GPU compute power from GPU suppliers. Prior to payment dispersal and art release, RNDR uses a manual and automatic proof of work system, or in this case, proof of render, to ensure that all art has been successfully rendered. Utilizing the Ethereum blockchain's built-in security features, proprietary assets are hashed upon upload and sent in pieces to nodes for rendering. All RNDR payments are held in escrow during rendering and released to node operators after being manually approved as successful by the commissioning artist. All assets rendered on the network are watermarked until payment is successfully dispersed, at which point unwatermarked renderings may be downloaded. This prevents malicious actors in both user bases. All payments are held in escrow until an asset is manually checked to ensure it is correctly rendered. Analysts are saying that due to the hype of chat GPT, AI is becoming the biggest play for 2023. Render token, RNDR, is hovering over $3.60 with a total of 371,908,453 RNDR in circulation. RNDR has a decline in the 24-hour trading volume of $179,345,391. And during the past seven days, the price of RNDR increased by 53%. The most popular exchanges to trade render token, RNDR, are Binance, Coinbase, KuCoin, Kraken and Uniswap. Let's continue with our RNDR price research for 2023. RNDR ranks 46 on CoinMarketCap's list of the biggest cryptocurrencies by market capitalization. Will RNDR's most recent improvements, additions and modifications help its price rise? First, let's focus on the charts in this article's RNDR price forecast. The Relative Strength Index, RSI, is a momentum indicator utilized to find out the current trend of the price movement and determine if it is in the oversold or overbought region. Traders often use this tool to make decisions about when to buy or sell the tokens. When the RSI is often valued below or at 30, it is considered an oversold region, and a price correction could happen soon. Moreover, when the RSI is valued above or at 70, it is regarded as an overbought region, and traders expect the price to fall soon. The RSI, on the other hand, suggests that overbuying activity happened way back. This could be seen when the RSI entered the overbought region by crossing the 70 level. Currently, the RSI touched the overbought region and fell immediately. It is currently pointed downward. This could suggest that a bearish cross may happen soon. The Moving Average Convergence Divergence, MATD indicator can be used to identify potential price trends, momentums and reversals in markets. MACD will make the reading of a moving average cross easier. The MACD indicator is calculated by subtracting the long-term EMA, Exponential Moving Average Indicator from the short-term EMA. Normally, the default values for the MACD are set at 12-day EMA, 26-day EMA, and 9-day EMA. Moreover, MACD is considered a lagging indicator as it cannot provide trade signals without any past price data. The candlesticks seem to have moved away from the $2.273 level with their sudden surge. Moreover, the bull versus bear power also confirms that the market is ruled by the bulls. Moreover, if the candlesticks continue to move upward, they could hit the $3.941 level. Although earlier R&DR hardly showed any signs that it might cross $3, the altcoin regained the confidence of traders in the hopes of breaking its resistance level. However, two indicators already confirmed that the trading activity was caused by a massive number of buyers and an upcoming selling activity could trigger a bearish sentiment in the market. Meanwhile, the forecast for R&DR remains bullish and is expected to reach beyond the level of $4.01. The bearish price prediction for R&DR ranges from $0.45 to $0.604. However, on the off chance that R&DR experiences an extremely bullish sentiment again, there is a high possibility that it will trade beyond the level of $6.00. The candlesticks broke above the 0.382 fib level this year, which indicates that the altcoin is highly influenced by the extreme bullish pressure. Moreover, there are high chances that the candlesticks may hit the 0.5 fib level. If it does reach that level, traders can expect that the prices will fall to 0.382. It should be noted that this prediction is for 2023 only, R&DR will easily cross beyond the $3.80 level in 2024. Traders are looking forward to this year, as it could be a historic moment for cryptocurrencies, as the Bitcoin halving is expected to happen in 2024. Most of the time, whenever BTC rises, traders have observed a similar surge in the altcoins. R&DR could also be affected by Bitcoin halving and could trade beyond the price of $11 by the end of 2024. R&DR could still experience the after effects of the Bitcoin halving and is expected to trade above its 2024 price. Many trade analysts speculate that BTC halving could create a huge impact on the crypto market. Moreover, similar to many altcoins, R&DR will continue to rise in 2025, forming new resistance levels. It is expected that R&DR will trade beyond the $16 level. It is expected that after a long period of bull runs, the bears will come into power and start negatively impacting cryptocurrencies. During this bearish sentiment, R&DR could tumble into its support region of $129. Moreover, when R&DR remains in the oversold region there could be a price correction soon. R&DR, by the end of 2026, could be trading beyond the $17 resistance level after experiencing the price correction.