Ethereum-Based Altcoin That's Exploded Over 500% Year-to-Date Could Double From Here: Analyst

A widely followed crypto analyst says one Ethereum (ETH)-based altcoin has the potential to double in price even after exploding by 500% so far this year. In a new video, the anonymous host of InvestAnswers tells his 443,000 YouTube subscribers that Render Token (RNDR) could soar to $5.62 in the next bull market.

Timeline of Render-token

The Render Network's RNP-002 and RNP-003 have passed the final community vote with an overwhelming majority. The proposals aim to enhance network participation and decentralization.

AltSignals price so far hints at major interest in AI coins, with the trading signals project's upcoming launch of an Artificial Intelligence powered algorithm driving its native token's presale.

Render Network's RNDR is up 8% in the last 24 hours after the community started voting on a proposed migration to Solana (SOL). The token is trading at $1.37 as of press time and has increased by 15.8% in the last seven days, according to CryptoSlate's data.

It's been a wild ride for the Render Network's native RNDR token this year thus far. Starting 2023 at a modest $0.4008, the token reached its 90-day high of $1.73 on Feb. 2, rising by a staggering 331%.

In the constantly evolving cryptocurrency space, numerous ventures have been springing up. Among the countless virtual currencies, the Render Token is one such rapidly growing project. The team asserts that the coin gives fast pace environment to gaming enthusiasts.