In 2023, RNDR, the native of Render Network, saw massive price surges, moving from a low of $0.4 in January to $13 by April 2024. This was an enormous surge of over 3150% in merely 14 months.
The story of Render Network, especially in 2023, is a tale of success and a remarkable odyssey. This success sent investors searching for new projects capable of 10x or 100x gains.
But the big question is, are there projects similar to Render capable of making such massive price moves in the future? Well, this guide looks into that.
However, let’s start by understanding what Render is.
What is Render Network (RNDR)?
Render Network is a peer-to-peer network designed to redefine how people harness computational or GPU power. The idea behind the launch of Render is to connect two critical players:
- Content Creators (or Creators): Creators are individuals or entities seeking GPU power to render high-quality graphics, training AI models, and more. This includes general filmmakers, game developers, or AI enthusiasts; RNDR provides a scalable solution.
- Node Operators: These unsung heroes are device owners worldwide who contribute their dormant GPUs to the network. RNDR taps into these idle GPUs when a job needs processing, ensuring efficient and cost-effective rendering.
The native token RNDR powers the entire render network, enabling activities to flow easily. But what is RNDR’s primary role?
The token primarily aids in utility within the Render Network. In essence, creators needing Rendering jobs done pay using the RNDR token. The use of a decentralized crypto token enables the network and its users, i.e., creators, to escape exorbitant prices brought by centralized cloud institutions.
Secondly, RNDR is the governance token of this community-driven project. This token enables governance, where holders can participate in votes shaping the future of Render.
What if you were told that there are multiple crypto alternatives to RNDR?
Top Alternatives to Render (RNDR)
Akash Network
First on our list is Akash Network. Boasting being the world’s premier decentralized GPU marketplace, Akash has been a king in the GPU realm for quite a while.
The network provides a platform for exchanging, buying, and selling computing resources with top security and efficiency. It’s one of the pioneers of this class of service within the crypto realm.
The most exciting thing about Akash is its Cosmos base. This network enjoys the benefits of interoperability and security afforded by Cosmos.
Coded within Akash Network is the native token AKT, an asset holding immense future potential.
When writing this report, AKT was trading at a value of $4.65, with a market cap of about $1.08 billion. Is there a consensus in crypto trading that billion-dollar coins do not hold 100x potential in bull runs? But, for the type of service Akash offers, AKT has massive 10x potential.
Blendr Network
Blendr Network is another platform designed to replicate what Render is doing. Launched in 2024, Blendr Network combines many features designed to enable the exchange of GPU resources between content creators and sellers.
In essence, the platform targets revolutionizing AI, 3D modeling, and Research and Development. The end game is offering high-performance computing in a decentralized manner.
Through a well-designed blockchain ecosystem, Blendr provides a tool called Mesh, a marketplace for buying and selling GPU resources. The network pools decentralized GPU resource owners, creating a marketplace where creators can complete their tasks.
BlendrChain’s merger with other tools, such as smart contract execution and even the dual token system, makes Blendr a worthy competitor to Render.
At the heart of Blendr Network functionality is a token BLENDR, which, like RNDR, helps purchase GPU power and bolsters the functional efficiency of Blendr Network. This ERC-20 token based on Ethereum is currently trading on various exchanges.
The native token Blendr is encoded as part of the Blendr DNA. This token has left investors talking, especially after the recent rise in a significant competitor, Render.
When writing this report, BLENDR was trading at about $2.02. The coin has surged about 200% since its listing on Coinmarketcap on March 8, trading at a mere $0.67. The coin has reached an all-time high of over $4.
In the coming bull season, $BLENDR might replicate the success of $RNDR, surging 10x or maybe 100x, especially considering its low market cap.
Aethir $ATH
The latest project to follow the GPU pooling route is Aethir. The network, founded in 2022, will likely challenge Akash and Render for the top spot once it gets more business.
One thing that stands out with Aethir is its specialization. Render, Blendr, and Akash provide GPU pools for general content creation. However, Aethir specializes in one industry, gaming, making it the largest GPU provider for gamers.
When listing crypto altcoins with 100x potential after halving, Lady of Crypto, an influencer for the blockchain universe, mentioned Aethir. As per her analysis, Aethir beats Render and Akash in GPU investments. She noted that Render has $3 million in GPU, Akash has $1 million, and Aethir’s GPU investment is $115 million.
Bittensor
You may have seen TAO, a crypto token trending within the X space. The token has been trending vastly in recent months.
For instance, in the 12 months preceding the writing of this report, the token TAO moved from a low of $34 to a high of $728. This is a gain of over 21x in merely 12 months. When the report was written, TAO had dropped slightly to about $528.
The token’s market cap is $3 billion, making it hard to do 10x or 100x in the coming bulls. However, a 2x to 5x remains a possibility for TAO.
Node AI
With a unit value of $1.26, $GPU from Node AI is a high-potential token. Even more interesting is the low market cap of just about $110 million, an aspect investors keenly watch when seeking 100x tokens.
As the token’s name and its mother project suggest, Node AI is a platform that provides GPUs.
Node AI offers a unique model where participants rent out their GPU capabilities monthly. Moreover, they can lend idle GPU hardware and earn $GPU tokens in return.
The role of GPU tokens includes revenue sharing, lending, and renting returns.
Final Word
We have looked at some top tokens and crypto networks directly competing with the Render network. The guide highlighted the networks’ potential, especially in the upcoming bull seasons.
The future is bright for Render and its competitors. The market is also big enough for many similar projects.
