{"id":534285,"date":"2023-05-21T13:09:28","date_gmt":"2023-05-21T13:09:28","guid":{"rendered":"https:\/\/wncen.com\/?p=534285"},"modified":"2024-06-11T14:36:49","modified_gmt":"2024-06-11T14:36:49","slug":"render-rndr-price-surges-32-in-single-week-heres-why","status":"publish","type":"post","link":"https:\/\/wncen.com\/news\/render-rndr-price-surges-32-in-single-week-heres-why\/","title":{"rendered":"Render (RNDR) Price Surges 32% In Single Week – Here\u2019s Why"},"content":{"rendered":"

Render (RNDR) has been on an upward trajectory, recording some of the biggest profits in the crypto market this past week. This show of strength by the metaverse cryptocurrency coincides with a busy week dominated by the bulls.\u00a0<\/span><\/p>\n

However, it appears that the RNDR price increase is not a result of general market sentiment. So, what could be driving up the value of Render?<\/span><\/p>\n

Related Reading: Cardano Surpasses 500 Million ADA In TVL \u2013 How About Its Impact On Price?<\/a><\/div>\n

RNDR Gains 32% In One Week – Price Overview<\/strong><\/h2>\n

After a period of sideways movement, the price of RNDR has chosen to go upward to become one of the biggest gainers this past week. According to CoinGecko data<\/a>, this coin has ballooned by more than 32% in the last seven days.<\/span><\/p>\n

It is worth noting that most of this price increase happened in two days – on the 17th and 18th of May. In an almost vertical rise, RNDR surged in value by more than 20% on Wednesday, May 17. This price rise is understood to be a reaction to the news of Apple launching its VR headset.<\/span><\/p>\n

RNDR, the utility token of the Render Network, didn’t have a great market performance in 2022, sinking as low as $0.325 at some point in the year. However, the cryptocurrency has been on an excellent recovery, gaining nearly 500% since the turn of 2023.<\/span><\/p>\n

As of this writing, the RNDR token changes hands at $2.36, with a 2.8% price increase in the past 24 hours. That said, price data reveals that the coin has not made any significant movement since Thursday, consolidating around the $2.50 price level.<\/span><\/p>\n

\"Render\"<\/p>\n

RNDRUSD trading at $2.367 | Source: RNDRUSD chart from TradingView<\/a><\/pre>\n
How Apple\u2019s VR Headset Will Affect RNDR Price<\/strong><\/h2>\n
As earlier mentioned, the price surge experienced by RNDR in the past week was primarily due to the rumors of Apple launching its highly-anticipated VR headset next month. In fact, most metaverse tokens, including MANA, ICP, SAND, etc., enjoyed a bullish run as a result of the news.<\/span><\/p>\n
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#Metaverse<\/a> tokens are on the rise this week amid rumors about Apple's new AR\/VR headset \ud83c\udfa7<\/p>\n
Got your eyes of any of these coins?https:\/\/t.co\/bHqPPKWLk7<\/a> pic.twitter.com\/FPl0854ZPa<\/a><\/p>\n
— CoinGecko (@coingecko) May 18, 2023<\/a><\/p><\/blockquote>\n