{"id":355961,"date":"2023-11-05T10:00:52","date_gmt":"2023-11-05T04:30:52","guid":{"rendered":"https:\/\/ambcrypto.com\/?p=355961"},"modified":"2023-11-12T14:32:43","modified_gmt":"2023-11-12T09:02:43","slug":"what-renders-latest-update-and-solanas-migration-mean-for-rndr-holders","status":"publish","type":"post","link":"https:\/\/ambcrypto.com\/what-renders-latest-update-and-solanas-migration-mean-for-rndr-holders\/","title":{"rendered":"What Render\u2019s latest update and Solana\u2019s migration mean for RNDR holders"},"content":{"rendered":"<ul>\n<li><em>Node Operators on the Render network would get the first set of tokens by 31 December.<\/em><\/li>\n<li><em>With Solana involved, RNDR may now have another bullish backing for the long term.<\/em><\/li>\n<\/ul>\n<p><span style=\"font-weight: 400;\">Render Foundation, the team behind the distributed GPU rendering network <\/span><span style=\"font-weight: 400;\">Render [RNDR]<\/span><span style=\"font-weight: 400;\"> has announced 1.4 million in RNDR tokens as incentives for its node operators. A node operator is either a miner or validator on a network.<\/span><\/p>\n<hr \/>\n<p style=\"text-align: center;\"><span style=\"font-weight: 400;\">Read <\/span><a href=\"http:\/\/ambcrypto.com\/predictions\/render-token-price-prediction\"><span style=\"font-weight: 400;\">Render\u2019s [RNDR] Price Prediction<\/span><\/a><span style=\"font-weight: 400;\"> 2024-2025<\/span><\/p>\n<hr \/>\n<h4><b>Operators over airdrop hunters<\/b><\/h4>\n<p><span style=\"font-weight: 400;\">Whether validator or miner, node operators are responsible for managing and monitoring information stored on the blockchain. Render\u2019s announcement comes days after it disclosed that it was collaborating with compute clients on <\/span><span style=\"font-weight: 400;\">Solana [SOL]<\/span><span style=\"font-weight: 400;\">.<\/span><\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"500\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">Nice launch <a href=\"https:\/\/twitter.com\/ionet_official?ref_src=twsrc%5Etfw\">@ionet_official<\/a> ! Welcome to <a href=\"https:\/\/twitter.com\/solana?ref_src=twsrc%5Etfw\">@solana<\/a> <\/p>\n<p>Render Foundation Announces Compute Client Incentives of 1.14M RNDR<\/p>\n<p>Render Foundation Announces 1.14 Million RNDR Incentive Program for Node Operators on <a href=\"https:\/\/t.co\/S8Zu3iZfhH\">https:\/\/t.co\/S8Zu3iZfhH<\/a> and Other Compute Clients, Node Waitlist Open\u2026<\/p>\n<p>&mdash; The Render Network (@rendernetwork) <a href=\"https:\/\/twitter.com\/rendernetwork\/status\/1720437984787325095?ref_src=twsrc%5Etfw\">November 3, 2023<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p><span style=\"font-weight: 400;\">For context, a compute client is used to connect a node on a particular blockchain with another node on another network. Hence, Render\u2019s integration with Solana means that it is dedicated to preventing transaction failure.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Furthermore, Render Foundation\u2019s decision to reward node operators means the project holds the group in high esteem. Some time ago, the project informed the crypto community that it did not plan on airdropping tokens like others may have done.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Despite that, AMBCrypto reported how <\/span><a href=\"http:\/\/ambcrypto.com\/why-inj-rndr-fet-can-see-crucial-growth-this-november\/\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">great<\/span><\/a><span style=\"font-weight: 400;\"> the project had done in terms of adoption. Also, RNDR\u2019s price action has not been left out of the party. Between 13 October and 2 November, Render\u2019s network growth <\/span><a href=\"https:\/\/app.santiment.net\/charts\/f2Xoko_C__sCl\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">climbed<\/span><\/a><span style=\"font-weight: 400;\"> from 136 to 503.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Network growth tracks the number of new addresses interacting on a network. The metric is used to gauge tracking on a project. Therefore, the hike suggests an increase in advocacy for the Render.<\/span><\/p>\n<h4><b>Decreasing demand for RNDR is not the end<\/b><\/h4>\n<p><span style=\"font-weight: 400;\">As shown above, the metric had plunged, indicating a decline in traction. This decrease in demand for RNDR could also be linked to the cryptocurrency\u2019s 2.94% fall in the last seven days.<\/span><\/p>\n<figure id=\"attachment_355963\" aria-describedby=\"caption-attachment-355963\" style=\"width: 2560px\" class=\"wp-caption aligncenter\"><a href=\"http:\/\/ambcrypto.com\/wp-content\/uploads\/2023\/11\/Render-RNDR-12.25.35-04-Nov-2023.png\"><img decoding=\"async\" class=\"size-full wp-image-355963\" src=\"http:\/\/ambcrypto.com\/wp-content\/uploads\/2023\/11\/Render-RNDR-12.25.35-04-Nov-2023.png\" alt=\"RNDR's price action and Render's network growth\" width=\"2560\" height=\"867\" srcset=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2023\/11\/Render-RNDR-12.25.35-04-Nov-2023.png 2560w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2023\/11\/Render-RNDR-12.25.35-04-Nov-2023-300x102.png 300w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2023\/11\/Render-RNDR-12.25.35-04-Nov-2023-1024x347.png 1024w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2023\/11\/Render-RNDR-12.25.35-04-Nov-2023-768x260.png 768w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2023\/11\/Render-RNDR-12.25.35-04-Nov-2023-1536x520.png 1536w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2023\/11\/Render-RNDR-12.25.35-04-Nov-2023-2048x693.png 2048w\" sizes=\"(max-width: 2560px) 100vw, 2560px\" \/><\/a><figcaption id=\"caption-attachment-355963\" class=\"wp-caption-text\">Source: Santiment<\/figcaption><\/figure>\n<p><span style=\"font-weight: 400;\">But with the Solana partnership, RNDR could be back with an upward movement. The reason for this is that Solana has become one of the best <\/span><a href=\"http:\/\/ambcrypto.com\/solanas-2030-valuation-could-be-a-sight-to-behold-heres-why\/\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">performers<\/span><\/a><span style=\"font-weight: 400;\"> of the past few months. In addition, projects linked to it have followed the same path.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">On 31 October, Render\u2019s social dominance reached a height of 12.45%. This meant that the crypto community had eyes on the token especially as the value surged to almost 100% at that time. Gaining insights into other <a href=\"http:\/\/ambcrypto.com\/blog\/5-best-ai-crypto-projects-making-waves-in-the-crypto-world\/\" target=\"_blank\" rel=\"noopener\">promising AI crypto projects<\/a> can complement your understanding of Render&#8217;s growth trajectory.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">However, its social dominance has dropped at press time, indicating a recent oversight. But traders might need to watch out for RNDR in the coming weeks. Should the token build on its 6.95% 24-hour growth, then it may be time to expect a rally again.<\/span><\/p>\n<hr \/>\n<p style=\"text-align: center;\"><span style=\"font-weight: 400;\">Realistic or not, here\u2019s <\/span><a href=\"http:\/\/ambcrypto.com\/calculator\/marketcap\"><span style=\"font-weight: 400;\">RNDR\u2019s market cap in SOL terms<\/span><\/a><\/p>\n<hr \/>\n<p><span style=\"font-weight: 400;\">Render\u2019s market cap is also one <\/span><a href=\"https:\/\/app.santiment.net\/charts\/bTTrllWg__sCl\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">metric<\/span><\/a><span style=\"font-weight: 400;\"> market participants may want to watch out for. Based on CoinMarketCap\u2019s data, the project was ranked 52 with a market cap of $866.10 million.\u00a0<\/span><\/p>\n<figure id=\"attachment_355964\" aria-describedby=\"caption-attachment-355964\" style=\"width: 2560px\" class=\"wp-caption aligncenter\"><a href=\"http:\/\/ambcrypto.com\/wp-content\/uploads\/2023\/11\/Render-RNDR-12.36.14-04-Nov-2023.png\"><img decoding=\"async\" class=\"size-full wp-image-355964\" src=\"http:\/\/ambcrypto.com\/wp-content\/uploads\/2023\/11\/Render-RNDR-12.36.14-04-Nov-2023.png\" alt=\"A chart showing Render's market cap and social dominance\" width=\"2560\" height=\"867\" srcset=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2023\/11\/Render-RNDR-12.36.14-04-Nov-2023.png 2560w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2023\/11\/Render-RNDR-12.36.14-04-Nov-2023-300x102.png 300w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2023\/11\/Render-RNDR-12.36.14-04-Nov-2023-1024x347.png 1024w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2023\/11\/Render-RNDR-12.36.14-04-Nov-2023-768x260.png 768w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2023\/11\/Render-RNDR-12.36.14-04-Nov-2023-1536x520.png 1536w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2023\/11\/Render-RNDR-12.36.14-04-Nov-2023-2048x693.png 2048w\" sizes=\"(max-width: 2560px) 100vw, 2560px\" \/><\/a><figcaption id=\"caption-attachment-355964\" class=\"wp-caption-text\">Source: Santiment<\/figcaption><\/figure>\n<p><span style=\"font-weight: 400;\">In the next few months, this value could increase depending on RNDR\u2019s circulation, the narrative around its fundamentals, and certain developments.<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Render\u2019s announcement comes days after it disclosed that it was collaborating with compute clients on Solana. The potential impact of both events on the network is discussed here.<\/p>\n","protected":false},"author":72,"featured_media":355962,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"om_disable_all_campaigns":false,"footnotes":""},"categories":[31,66,3,4,20],"tags":[],"class_list":["post-355961","post","type-post","status-publish","format-standard","has-post-thumbnail","category-altcoins-news","category-new-news","category-news","category-social","category-trading-view"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v28.0 (Yoast SEO v28.4) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>What Render\u2019s latest update and Solana\u2019s migration mean for RNDR holders - AMBCrypto<\/title>\n<meta name=\"description\" content=\"Render Foundation, the team behind the distributed GPU rendering network Render [RNDR] Network has announced 1.4 million\" \/>\n<meta name=\"robots\" content=\"index, follow, max-image-preview:large\" \/>\n<link rel=\"canonical\" href=\"https:\/\/ambcrypto.com\/what-renders-latest-update-and-solanas-migration-mean-for-rndr-holders\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"What Render\u2019s latest update and Solana\u2019s migration mean for RNDR holders - AMBCrypto\" \/>\n<meta property=\"og:description\" content=\"Render\u2019s announcement comes days after it disclosed that it was collaborating with compute clients on Solana. 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