In our latest Learn 101 livestream session, we gathered an esteemed panel of crypto experts to share insights on whether BTC will soar to $100K by 2024.

The extreme volatility of Bitcoin and periods of strong growth throughout its history have created substantial wealth for many investors. Bitcoin breached $70,000 earlier in 2024, and many investors are eagerly awaiting price movement to $100,000.

, we ask, “Will Bitcoin Soar to $100K by 2024?”

, provides a recap of our Learn 101 livestreams, offering you comprehensive expertise and insights from leading figures in the crypto industry in case you miss the livestream.

Joining the livestream on Sep 11, 2024 were four distinguished guests:

Under the moderation of Sabrina Chua, Crypto Evangelist and SEO Editor at Bybit, this episode explores if Bitcoin’s price will reach $100K by 2024.

Bitcoin's Journey — Looking Back to Look Forward

At the start of the livestream, Michael Ionita created an automated trading order to demonstrate how easy it is. It remained running in the background until the end of the stream, when our guests reviewed the order.

Throughout the years, Bitcoin’s price has been influenced by the Jackson Hole Economic Symposium, government policy, ETF applications and other factors. Henrique Centieiro stated that short-term macroeconomics are impacted by the Federal Reserve. The economy is currently relatively shaky, and he anticipates more money will be printed. When this last took place, the stock market shot up, and Bitcoin’s price increased substantially. Centieiro attributes this to the level of increased money in circulation.

Referring to a chart that shows a correlation between lowered U.S. interest rates and Bitcoin’s price, Ionita demonstrated that increased money supply has boosted Bitcoin’s prices.

Jerry Li is bullish over the next six months. He reminded us that inflation weakens both the U.S. dollar and purchasing power, and as interest rates drop, he sees a correction in the crypto market that will positively affect Bitcoin’s price.

Centieiro stated that some people will take profits during the rate adjustment. He believes that the next month may be bearish, but there will then be a bull rush.

Ionita said that the market has been impacted by Russia’s new Bitcoin policy, asserting that this is bringing more funds into Bitcoin. However, many people in Russia are holding Bitcoin on a short-term basis because they’re making purchases with it. This makes Russia’s policy impact both bullish and bearish: Ionita maintains that other countries may act on this by prohibiting or limiting Bitcoin because of world events.

Meanwhile, Centieiro stated that the amount of money being kept on exchanges is at an all-time low, which means people are holding for a longer period of time. Bitcoin miners continue to invest in mining equipment. In addition, Michael Saylor has stated that Bitcoin’s price will reach 

Li drew attention to the fact that recently, hash power has increased dramatically, which is attributable to the entrance of more people and countries into the crypto market.

Ionita described the Bitcoin Spot ETF rally of 100%, attributing it to massive public interest. He believes BTC’s price is being heavily restricted because of this huge interest, and expects its price to rise by the end of October, based on the interest in Bitcoin Spot ETFs.

Centieiro said that there’s a lag as money managers decide whether to invest or not. Adding Bitcoin to a fund, even in small amounts, increases diversity and lower risks. He believes this is a win-win situation for money managers.

Li reminded us that Bitcoin will definitely reach $100,000 at some point, but nobody knows when. The upcoming U.S. election may drive its price up, but it could also bring greater volatility. Other catalysts may drive the price up as well.

Ionita referred to his screen again, saying that it’s hard to predict a price for something with multiple variables. However, he referred to the Fibonacci cycle for the current market, which reveals a Bitcoin price prediction between $200,000 to $300,000, adding that it’s impossible to predict the time frame. The average cycle time, however, is 1,069 days, which would extrapolate to the end of October 2025, but this time frame is fuzzy. He believes $200,000 is realistic for the cycle.

Centieiro described some price movement obstacles that have prevented Bitcoin’s price increase or slowed the time frame for BTC hitting $100,000 — the uncertainty of the U.S. election, for one. He also referred to a chart showing a lower flow in market-based mining activity. This indicates a type of magnet for the price. Centieiro also introduced a power log that shows BItcoin’s price should currently be around $90,000. He believes the current price is a pressure cooker, and the price will therefore greatly increase.

Zitane said the main risks that could stymie BTC price growth are regulatory uncertainty, economic instability and military conflicts, among others, directly affecting BTC’s price.

Ionita added that investors should get out of any risky asset in a downturn in order to prevent loss. He stressed the importance of understanding that both BTC and the U.S. dollar are preferred as investments in different situations, and showed a graph indicating that dollar-cost averaging (DCA) isn’t a wise approach for risky assets.

Li, however, stated that he uses DCA. He believes it’s a healthy strategy over a long period of time, due to his confidence that Bitcoin’s price will eventually go back up after a dip.

Centieiro agreed with Ionita that it’s not advisable to use DCA for an asset that’s going to zero. However, he doesn’t believe that Bitcoin will ever go to zero. Centieiro believes in DCA as a solid, long-term strategy to smooth out BTC market volatility.

Zitane has a simple strategy: he only uses DCA. He makes a purchase, and then buys again if the price goes down. He pays attention to the news, keeps buying when the price goes down and continues to reduce his average price.

Ionita reminded us that you can make more money with manual trading if you know what you’re doing. Most people aren’t professional traders, though, and can get wrecked in a bear market if they don’t stay on top of things. He recommends that these traders use an automated algorithm.

Smart Trading — Entering and Exiting with Confidence

Centieiro explained how he enters a trade: he buys BTC and holds it for at least a few years, looking for a relatively cheaper price as compared to previous prices. This is determined by a look at the 200-day moving average. He also looks at the Crypto Fear & Greed Index. Centieiro explained that investors must decide how long they plan to hold BTC 

 buying it. He invests a portion of his investment amount at one time, and spreads the rest of his investment out over several weeks.

Ionita, however, holds his BTC over several months. He looks at Fibonacci and other charts to invest funds in BTC and several other assets, based on risk. He maintains a specific allocation, with more allocation to the least risky assets.

This session of the Learn 101 livestream highlighted “Will Bitcoin Soar to $100K by 2024?”

As part of the livestream, Bybit is holding an 

 that offers you a chance to participate in our pop quiz and win a share of 300 USDT in airdrops. The event period is through September 18, 2024, 11:59PM UTC.

Stay tuned for more discussions on the dynamic world of cryptocurrencies!

Intermediate

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Learn Live ICYMI: Will Bitcoin Soar to $100K by 2024?

Self Chain (SLF) is a Layer 1 network that provides a cross-chain keyless wallet solution, along with modular intent-based transaction execution capabilities.

 can be tedious and frustrating, especially for beginners. At the same time, careful private key management is crucial if the user wants to avoid security breaches or the loss of access to their wallet. 

Wouldn't it be great if you could transact securely on blockchains using your social media logins while also enjoying the cryptographic protection features provided by crypto wallets? And without the need for private key or 

This is exactly what Self Chain (SLF), an innovative 

 blockchain project, offers to the crypto user community.

multi-party computation — threshold signature scheme

 (MPC-TSS), Self Chain offers keyless wallet services that let you transact across multiple chains and applications. Additionally, its solution comes with a large language model (LLM) intent-based chat assistant to find you the best deals and transaction options in the cryptocurrency world.

 (SLF) is a decentralized platform that describes itself as the first modular intent-centric access Layer 1 blockchain. 

It provides two key services: an AI-driven chat assistant that helps users carry out intent-based transactions, and a keyless wallet solution that facilitates multichain logins and transactions without the need for private key or seed phrase management. Self Chain’s Layer 1 network is based on the popular Cosmos SDK blockchain development framework. 

 (ATOM) ecosystem, Self Chain uses the delegated proof of stake (DPoS) block processing method, with validator nodes securing the network.

The project was initially called Frontier (FRONT). It began its network operations with the launch of an incentivized testnet in April 2021. In mid-2024, Frontier was rebranded to Self Chain and launched its mainnet.

Self Chain's AI chat assistant accepts voice and textual inputs from the user, and searches multiple blockchain platforms and 

 (DApps) to find the best possible deals. This service can be used in various areas, including 

 (DeFi). For instance, crypto gamers can use Self Chain’s intent-based search for the best deals on gaming 

 assets, while DeFi traders can instruct the assistant to find the best rates for specific coin swaps.

The platform's keyless wallet infrastructure service allows users to securely use email- and social media–based 

 logins to blockchain apps and platforms. This is enabled by splitting the wallet's seed phase into three parts, each stored separately — one encrypted on the user's device, the second encrypted and stored on the Self Chain network in a decentralized manner and the third reserved for wallet recovery purposes..

The platform's chat assistant is based on an LLM model that transforms user inputs into signed automated intent instructions. These instructions are passed to Intent Searchers, entities that scout the blockchain ecosystem for the best deals and most efficient paths for the intended transaction. Once the optimal source is found, Intent Searchers pass the request to intent solvers, whose job is to execute the transaction.

Blockchain DApps that aspire to become Searchers and solvers within the Self Chain ecosystem can use the Intent DSL SDK, a development framework offered by the platform. Using the SDK, DApps can integrate into the platform's architecture and translate user intent commands into executable searches and transactions.

The Self Chain keyless wallet service is powered by MPC-TSS technology, which permits splitting the user's private key, seed phrase or other secret identifier into multiple fractions, each stored independently to avoid a single point of failure. As a security technology, MPC-TSS predates blockchain, and can be applied in a chain-agnostic manner.

In Self Chain's implementation of MPC-TSS, there are three seed phrase fractions, with the two main ones — the Personal Share and the Remote Share — held on the user's device and the blockchain, respectively. When an operation is carried out, the Personal Share is matched against the Remote Share to facilitate the transaction. A network of MPC nodes encrypts the Remote Share in a distributed fashion to further enhance the security of operations.

The third fraction — the Recovery Share — is used solely to restore access to the user's device or add a new device.

Thanks to this chain-agnostic keyless system, users can retain the self-custody of their wallets, enjoy the security of the blockchain's cryptographic protection and use keyless logins on a myriad of platforms.

Self Chain lets users enjoy multichain account abstraction (AA), whereby wallets can carry out complex operations without you needing to worry about the specifics of underlying technology. For example, Self Chain–based wallets can execute bundled transactions, carry out cross-chain operations and optimize gas fees, all without user intervention.

What Is the Self Chain Crypto Token (SLF)?

During the project's mid-2024 rebranding from Frontier to Self Chain, its native cryptocurrency was migrated from the FRONT token on the 

 (BNB) to the SLF coin, native to the Self Chain's Layer 1 network. The migration was announced in late August 2024, and as of the time of this writing (Sep 16, 2024), FRONT holders can still migrate their tokens, with no specific conversion deadline provided by the project team.

SLF is used for a wide variety of functions on the Self Chain platform, including the following:

SLF has a total and maximum supply of 360 million. The coin's supply allocation shares are per the chart below:

The SLF coin is available on Bybit as a Perpetual contract with USDT (

). Under this contract, you can trade SLF with up to 12.5x leverage.

Self Chain's innovative system simplifies keyless multichain web3 access, while the versatile LLM assistant helps efficiently interpret user intent to conduct diverse transactions across networks. This is a functional set that few other projects in the industry can provide. In particular, the keyless wallet solution is something that truly sets Self Chain apart. 

While there are a few crypto projects that utilize an intent-focused approach and AI-based chat assistants, Self Chain’s keyless functionality is a rare feature that will undoubtedly attract interest from a variety of users. Navigating myriad DApps and networks and transacting on them without the need for meticulous private key management has just gotten a lot easier — all thanks to Self Chain and its implementation of MPC-TSS.

Advanced

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Self Chain (SLF): The Future of Secure Private Key Recovery

Stacks is integrating with the Aptos Network to bring Bitcoin's utility to decentralized applications through sBTC, a 1:1 Bitcoin-backed token.

The SPX index was up by 0.03%, with key sectors underperforming, including healthcare, consumer staples, and real estate, while energy, consumer discretionary, and industrial stocks outperformed. Coindesk Indices, an index measuring broader cryptocurrency market performance, was up by 2.95%, with Bitcoin and Ether rising by 3.62% and 3.16%, respectively, in the past 24 hours.

Today's top performer is SAGA, which surged 27.3% following its announcement of a new economic model focused on sharing in project success rather than charging gas fees.

Saga (SAGA), founded in 2021, is a Layer 1 blockchain protocol that allows developers to create customized chains for their applications, providing shared security and scaling solutions. 

 focuses on sharing in the success of projects built on its platform, rather than charging gas fees. Projects can launch cheaply on Saga's chainlets, and Saga takes a small cut of token activity once bridged through its infrastructure. As projects grow and their tokens become valuable, Saga can hold, use, or sell these tokens to fund ecosystem growth and buy back $SAGA tokens. This creates a network effect where success drives further success, positioning Saga as a key platform for value generation in web3.

Check Out the Latest Prices, Charts, and Data of 

 to bring Bitcoin's utility to decentralized applications through sBTC, a 1:1 Bitcoin-backed token. This integration allows Bitcoin to be used beyond a store of value, enabling participation in DeFi, gaming, AI, and social platforms on Aptos. The integration follows the resolution of an SEC investigation into Stacks, clearing the path for further Bitcoin scaling advancements. Stacks' recent Nakamoto upgrade has improved its transaction speeds and block production, facilitating this new cross-chain capability.

Yesterday, The total flow for BTC Spot ETFs was $186.8 million, with $0 from GBTC and $186.8 million from non-GBTC sources.

 on Optimism’s OP Mainnet, with 185 million WCT tokens being airdropped to users. The airdrop registration opens on September 24, targeting users who engage with WalletConnect or contribute to open-source projects. WCT tokens will drive WalletConnect's governance and economic structure, initially non-transferable until 2025. The newly formed WalletConnect Foundation will oversee the protocol's transition to a permissionless structure. WalletConnect aims to decentralize further and has seen 240% growth in the past year.

Beginner

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Stacks Integrates with Aptos, Expanding Bitcoin’s Utility to dApps and DeFi

Explore our article to find out what’s the Cipher Code for today’s Hamster Kombat’s Daily Cipher Code.

, where managing your crypto exchange meets the intellectual challenge of daily Morse code puzzles. Released each day at 7PM UTC, these puzzles do more than just test your mental agility; they offer significant rewards that can enhance your strategic influence in the game.

, challenging you to decipher a Morse code each day. Successfully solving these puzzles not only boosts your coin reserves, but also sharpens your critical thinking skills, enhancing both your gameplay and strategic planning.

Today’s Hamster Kombat Daily Cipher: Sep 18, 2024

 Daily Cipher for Sep 18, 2024, is as follows:

 —•••   ••   —•   •—   —•   —•—•   • 

Ensure each Morse code sequence is entered with precision and slight pauses between letters to confirm correct execution and secure your reward.

Gain an early advantage by trading HMSTR tokens through Bybit’s Pre-Market Trading. To get started, you’ll first need to create a Bybit account, then fund it with cryptocurrency and navigate to the 

Today's Daily Cipher and the interactive gaming activities available within 

 provide ample opportunities to boost your coin balance and deepen your engagement with the game. Each puzzle you solve not only contributes to your financial growth, but also refines your analytical skills, making every gaming session both rewarding and intellectually stimulating.

Stay tuned for daily updates and expert strategies to maintain your competitive edge in the thrilling world of 

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A Guide to Hamster Kombat's Daily Cipher Code (Sep 18, 2024)

Bybit Learn

Altcoins

Crypto

Metaverse

Explainers

Render Network (RENDER) is a blockchain app enabling decentralized GPU power trading for various use cases like computer rendering and AI.

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 (DePINs) are two high-growth areas within the blockchain industry. The former involves decentralized protocols and apps that leverage AI algorithms and computations to enable a wide variety of use cases, while the latter refers to solutions that enable a decentralized trade in computing resources over blockchain networks.

Render Network (RENDER) is among the leading projects at the junction of these two high-growth niches. The project, which started out on 

 (SOL), enables the decentralized trade in GPU computing power to facilitate the processing of graphics rendering and AI jobs. Since the beginning of its public access era in April 2020, Render Network has been among the most popular 

 (DApps) for processing 3D graphics and animation rendering jobs. 

In 2023, the project first added to its arsenal the specialization in AI computations, and later on made a pivotal transition from Ethereum to Solana, rebranding its native token from the original Ethereum-based RNDR to the Solana-based RENDER.

 (RENDER) is a blockchain-based app that facilitates the decentralized trade in GPU power to enable a variety of use cases in computer rendering and AI niches.

 It was originally launched on the Ethereum blockchain in 2020 with the native cryptocurrency ticker RNDR. In late 2023, the project moved to the Solana blockchain and rebranded its new Solana-based native token to RENDER.

Render Network lets one type of user, Node Operators, provide their computers' idle GPU processing capacity to help another user group, Creators, process their computer rendering and AI computational jobs. By providing a 

 for GPU capacity trade, Render Network aims to make rendering and AI computations more accessible to wider segments of creators. Computer rendering is the process of transforming initial 2D graphics model specifications into visually rich 3D or 2D finalized graphics or animation outputs. 

The rendering process is computationally demanding, and often requires expensive, high-spec computer hardware. Many smaller studios and individual creators can’t afford such powerful computers, or have to overstretch their budgets to own these machines. Moreover, alternatives in the form of centralized GPU cloud rendering platforms aren't particularly flexible or affordable.

Render Network makes it possible for Creators to access the hardware resources needed for rendering jobs on a flexible and affordable per-use basis. It also helps GPU owners make their hardware capacity available over the network and earn crypto rewards in the process.

The platform launched publicly in April 2020, quickly establishing itself as the leader of the computer rendering niche in the 

 world. In 2023, Render Network added the capacity to process AI computations in addition to its core specialization — graphics rendering.

Besides being the absolute, undisputed leader of its highly specialized area — decentralized computer rendering — the Render Network project is also among the leading web3 platforms in at least three high-growth categories: DePIN, AI and the 

. A typical DePIN enabling the distributed trade in computing resources between providers and consumers, Render Network is among the top DePIN projects, with the RENDER token ranked second by market cap within the category as of Aug 13, 2024.

The Render Network project was founded in California in 2017 by OTOY Inc., a market-leading cloud rendering provider. OTOY, founded in 2008, is a major trailblazer within the rendering niche and owns the rights to 

, the world's first unbiased, spectrally accurate rendering software.

Originally launched on Ethereum, Render Network transitioned to Solana’s blockchain in late 2023 to take advantage of the latter's superior scalability and lower transaction costs. Render Network offers three pricing tiers: Tier 1 is reserved for large-scale, custom requests from enterprise clients, while Tiers 2 and 3 are available to any user. Tier 2 jobs are more expensive, but have a higher priority and offer better performance than Tier 3 tasks.

Of the network’s two main actors, Creators and Node Operators, Creators can be individuals, smaller design studios or even large Hollywood studios that need to access GPU resources to process their rendering jobs. Creators pay for accessing the hardware resources based on a tiered pricing system. 

 also function within the network by contributing staked RENDER to the 

 on partnered exchanges. Liquidity providers are crucial in allowing RENDER to be available for Render Network's unique Burn and Mint Equilibrium system (covered in a later section).

Node Operators, previously referred to as 

 nodes, make their GPU processing capacity available in exchange for rewards in RENDER tokens. Their machines must meet certain hardware capacity requirements, such as a minimum GPU and other specs. While Node Operators have some freedom in terms of job preferences, their actual job allocations are primarily determined by their reputation scores and other factors, as covered below.

A key factor involved in the decentralized trade in GPU resources on Render Network’s platform is reputation scores. Both Creators and Node Operators are assigned reputation scores based on the history of their on-platform activity. Creators with a history of reliable participation and spending have higher reputation scores, which in turn opens up opportunities to access more concurrent GPU resources and providers.

For Node Operators, reputation scores are also of critical importance. Their scores are determined based on the rate of successful job completions and each job’s complexity. More complex jobs provide a larger boost to their reputation scores. Node Operators with higher scores can then access more high-value job processing opportunities on the network.

When rendering and AI processing requests are delivered to the network, the platform uses a multi-variable system to allocate the jobs to specific GPU providers. Creator and Node Operator reputation scores are some of the variables used in the allocation process. For instance, the Creator's reputation score largely determines the "priority modifier" added to each job. This modifier signals the job's "appeal factor" to Node Operator nodes.

Besides reputation scores, other job allocation variables are the hardware requirements selected by the Creator, time on the network, pricing tier chosen and OctaneBench score (a popular benchmark for GPU rendering).

In order to standardize and quantify the amount of rendering work required, the Render Network team has developed a measure called OctaneBench. Each unit of OctaneBench denotes a standardized amount of rendering work. More powerful GPUs have higher OctaneBench scores, meaning that they can carry out more rendering work per unit of time. As such, a provider's OctaneBench score essentially signals the processing capacity of their machine.

OctaneBench scores are used to provide a standardized measure for assessing the complexity of rendering jobs. Computer rendering jobs differ substantially based on their complexity, type and duration requirements. Naturally, systems with more powerful GPUs are capable of completing the same amount of work faster than systems with lower-specification GPUs.

Render Network opens up opportunities for use cases in various spheres, including 

, product design and development, projection mapping, AI and many others. In fact, any industry or professional niche that relies on high-performance computer rendering or AI computations can benefit from Render Network's core functionality.

Perhaps the most relevant use cases for Render Network include the film and gaming industries, as well as other sectors that rely on visually rich media outputs. In the gaming and GameFi sectors, Render Network enables high-quality animations involving augmented reality (AR) and virtual reality (VR) technologies.

The platform also supports the creation and application of 

 and NFT-based gaming assets with advanced, sophisticated features, such as next-generation interactivity.

Using Render Network, artists and studios can rapidly prototype many alternative product designs with 3D features. This can significantly improve the efficiency and quality of the overall product design and development processes in creative industries.

Rendering high-resolution projections and simulations in open environments like stadiums and concert arenas requires tremendous amounts of processing power. This is where Render Network comes into the picture, with its ability to provide rendering affordably and on-scale.

 and AI-generated visual content are additional areas that benefit from Render Network's vast processing capacity. Recognizing the explosive growth in AI, Render Network has specifically added a new specialization in this area to its functional set. Essentially, through the Render Network SDK, developers can leverage the network's decentralized GPUs for various AI compute tasks.

What Is the Render Network Token (RENDER)?

Render Network’s app was originally launched on Ethereum, with the RNDR token as its native cryptocurrency. The RNDR token is based on the 

 standard, Ethereum's default standard for fungible crypto assets. In late 2023, the Render Network community voted to move the platform to Solana. Along with the move, the project issued a new native cryptocurrency, RENDER, based on Solana's SPL format. Holders of RNDR can convert their tokens to RENDER at a fixed ratio of 1:1.

RENDER is an enhanced version of RNDR, featuring an added escrow 

 functionality. This ensures that the tokens required to pay the Node Operator for a Creator's requested job are securely held in escrow until the work is confirmed.

RENDER has mostly replaced RNDR as the asset used for payments, governance and other key functions on the network. However, the RNDR token, historically popular among crypto investors, still has many holders who haven't converted their investment to RENDER. As of August 2024, centralized crypto exchanges have converted — or are in the process of converting — customers' RNDR funds to RENDER.

Major crypto data portals, including CoinGecko and CoinMarketCap, report the RENDER token's total supply at around 532 million. However, this figure largely reflects the issuance of the original Ethereum-based RNDR token. As of Aug 9, 2024, the current supply of the 

 stands at around 227 million. It’s expected to hit the total supply of 532 million once all RNDR tokens have been fully migrated to RENDER.

RENDER facilitates service fee payments on Render Network and payouts to GPU power providers, and is also distributed as rewards to liquidity providers. Creators currently have the option to pay in RENDER tokens or fiat currency to access processing capacity on the network. Node Operators are reimbursed in RENDER for renting out their machines' hardware capacity. Finally, liquidity providers are rewarded with an additional percentage of RENDER for contributing staked RENDER to liquidity pools on partnered exchanges.

 is another key functionality of the RENDER token. Holders of the token can take part in the voting process concerning any key changes and improvements to the platform. Those who hold RENDER can participate in the so-called Nation voting on the platform. Additionally, holders of the old RNDR tokens can cast their votes through an alternative mechanism called Snapshot voting. 

Given the project team's commitment to migrate all functions of RNDR to RENDER, it's likely that the Snapshot votes using RNDR will eventually be phased out completely.

In order to keep the costs of rendering and AI jobs predictable and stable for Creators, Render Network has introduced a Burn and Mint Equilibrium (BME) system for the RENDER token to determine price via a supply-and-demand equilibrium. Under the BME system, Creators pay for their jobs by converting fiat currency to RENDER using a number of distributed liquidity pools. Naturally, this conversion could lead to an uncontrolled increase in RENDER's supply as the jobs are paid for. To avoid this, additional RENDER used to pay for processing jobs are 

The RENDER token emission distribution per epoch (spanning one week) is then adjusted based on the network usage. Per epoch, Creators can be refunded a percentage of their RENDER spent that epoch in the form of RENDER, further incentivizing them to request for jobs within the network. Node operators are rewarded in two ways: availability rewards for their activity within the network, or completion rewards for successful job completion. Liquidity providers are rewarded for staking RENDER in liquidity pools on partnered exchanges.

Render Network has also implemented a net emissions cap by recycling some burned RENDER each epoch to ensure that network participants can still receive rewards in the long term, even when the supply cap for RENDER has been reached.

, with USDT. All of the trading involves the new RENDER token. By the end of July 2024, Bybit had completed its conversion of all RNDR assets and contracts to RENDER.

As of Aug 16, 2024, the RENDER token is trading at $4.53, which is 66.5% lower than its all-time high (ATH) of $13.53, achieved on Mar 17, 2024, and over 12,000% higher than its all-time low (ATL) of $0.03666, recorded on Jun 16, 2020 (as the old RNDR token).

Long-term price forecasts for RENDER are bullish.PricePrediction 

 to trade at $13.98 in 2025 and $87.29 in 2030, whileDigitalCoinPrice 

 rise to $11.70 in 2025 and $33.92 in 2030.

RENDER, both in its new format and as the old RNDR token, is a popular asset in the crypto investor community. Some consider that the token has the potential to reach levels as high as $50 or even $100. Attaining a price of $50 in a few years is quite feasible for the token, and at least one major crypto forecast portal, PricePrediction, sees the token climbing to this level by 2029. Render Network is a project full of promise and potential, and while $50 might seem challenging, it's certainly not out of the question if an investor adopts a long-term hold strategy.

The $100 level, however, is a much more challenging proposition, at least within the next five years. For RENDER to reach such heights within this time frame, the overall crypto market would need to receive a massive structural boost, in addition to Render Network maintaining its leadership roles in several market categories.

RENDER has long been considered among the most popular product-oriented cryptocurrencies to own. The project's leadership positions in several key niches — DePIN, AI and the metaverse — have always attracted the attention of investors. Within its specialized but highly lucrative area, computer rendering, the platform retains virtually unchallenged dominance.

All these factors make RENDER a darling of many institutional and retail investors. Short of any unexpected, and rather unlikely, project-specific fiasco, RENDER would fail to deliver only if the entire crypto market — including the most stable and popular crypto assets in it — also failed. Well-supported by a highly functional business model, RENDER is considered by some analysts to be one of the best cryptocurrencies to own, particularly for long-term investment.

That said, it's important to note that crypto projects can be highly volatile, and it’s recommended you 

Supported by the booming niches of AI, gaming and the metaverse, Render Network is a key crypto project at every level of the industry. By enabling more affordable, flexible and scalable rendering services, the platform is a major catalyst for the explosive growth in visually sophisticated products and services on the market.

With the addition of AI computational capacity in 2023, Render Network has further solidified its competitive position. As of 2024, few, if any, crypto projects on the market hold leading positions in as many high-growth sectors as Render Network.

What Is Render Network (RENDER): The Future of 3D Rendering

Grab Up to 5,000 USDT in Rewards

Grab Up to 5,000 USDT in Rewards