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RENDER RENDER rebounded strongly by 27% last week, with trading activity surging by 72%
The cryptocurrency market appears to be undergoing a massive correction after Bitcoin prices fell from $87,000 to $82,000 and Ethereum dropped from $2,700 to $2,500. However, the overall strong performance of the crypto market last week pushed altcoin prices to rise collectively. Among them, RENDER performed particularly well, with a 27% increase last week, while trading activity surged 72%. So, what is the future trend of RENDER? What key targets will it re-target?
rebounded 27% last week: prices and fundamentals were driven
According to CoinMarketCap data, RENDER's current trading price range is around US$2.03, with a slight decline of more than 3.5% in the past 24 hours. But looking at the longer cycle, the asset has risen more than 6% in the past seven days and as much as 34% in the past 30 days. It is worth noting that the current price is still far from the all-time high of US$13.6 set three years ago, which means that it will need to rise by more than 85% to recover lost ground and enter the price discovery stage.
Market analysis pointed out that September 2026 is an extremely critical month for RENDER. During this period, RENDER prices climbed from $1.41 to $2.03, a weekly gain of about 27%. At the same time, network activity data was eye-catching, and the number of rendered frames exceeded the 80.7 million mark. This significant increase in price and activity is mainly due to the following catalysts:
- Computing power expansion: Through the Salad platform, the Render Network has added more than 60,000 GPU nodes.
- Deflation mechanism: The network destroyed more than 1.53 million RENDER tokens.
- Chain migration: 98.4% of supply has been migrated to the Solana network.
- Ecological collaboration: has more than 5,600 active nodes and holds a 21% allocation share in the Grayscale AI fund.
- Technology integration: introduces MCP integration to enable Render computing capabilities to directly serve AI agents.
Trading activity surged 72%, analysts are optimistic about long-term potential
Another data based on CoinGecko's October 6 snapshot showed that RENDER's trading activity surged 72% from the previous day, with average daily trading volume reaching approximately US$120 million. During the same period, the RENDER price was about US$2.15, up about 6% in 24 hours and 13.5% in 7 days. This shows that as prices recover, market trading enthusiasm is accelerating.
Given the strong bull market momentum shown by Render Network in activity data and price movements, many well-known analysts believe that RENDER is expected to become the next crypto asset with 20-fold growth potential. Relevant chart analysis shows that in the next bull market cycle, RENDER may hit multiple bullish targets, including US$4, US$8, US$20, US$50 or even higher.
