RNDR Price Skyrockets as Community Approves Major Proposal


Render (RNDR) price has seen positive sentiment and a 5% increase in the last 24 hours, with a 52% gain in the past 30 days. This success can be attributed to the AI crypto project’s adoption of its technology, as well as a recent community vote that passed a proposal to onboard cloud computing platform Beam.

On-chain data recently revealed FTX/Alameda had moved over 974k RNDR tokens, worth around $2 million at the time. Despite this, the market’s reaction kept bulls in control and the price rose.

The RNP-005 proposal was submitted on October 23, and was met with strong support from the community, with 1.4 million RNDR, or 99.79% of votes, in favour of the move. This will enable Render’s decentralized GPU network to power ML workloads.

Beam’s cloud platform will allow for the accelerated development and deployment of AI operations with GPUs, without managing infrastructure. If the Render Network Team Review passes technical feasibility, the Render Foundation will publish the final vote on Wednesday, next week.

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