Render Price Rising as Traders See 5th Scape as a Potential VR Crypto Contender

Due to its recent price increase, Render has become one of the most traded cryptocurrencies, and 5th Scape has become popular as a VR cryptocurrency trend.

In recent weeks, the cryptocurrency market has become more active, particularly for projects with promising use cases.

Render (RNDR) is one such progressing project. Its price has risen due to traders speculating on its rendering capabilities.

A growing number of traders are also closely monitoring the upcoming 5th Scape (5SCAPE) presale, as expectations are high that it will emerge as the next contender in the VR cryptocurrency market.

Discussions About the Crypto Market Turn to RNDR's Price Surge

The price increase of RNDR is currently one of the most talked-about topics in the market. RNDR has increased by over 53% over the last six days, and yesterday saw an 8% increase.

With $405 million in 24-hour spot volume, Render is currently the 22nd most traded cryptocurrency worldwide, demonstrating its growing prominence.

What is causing this sharp increase, then?

The price charts primarily attribute this to bullish technicals.

Last week, at $7, RNDR formed a double bottom pattern, which is thought to be a traditional reversal signal.

Subsequently, it surged higher on the daily chart after breaking above its 20-day exponential moving average (EMA).

Some believe that, as momentum increases, RNDR may even retest—or surpass—its all-time high from March in the days to come.

In the cryptocurrency market, nothing is guaranteed, of course, but Render might be a coin to keep an eye on.

Untapped GPU Power Accessible with Render

Render uses the power of idle graphics cards found in common computers, an often-underutilized resource.

It establishes a decentralized marketplace where the GPU's untapped power can be used to tackle difficult rendering jobs.

Creative professionals (like animators or VFC artists) can access a computing pool for rendering their projects through Render's network.

Node Operators, or people with extra GPU capacity on their personal computers or gaming setups, can contribute their unused power to the network and earn RNDR tokens.

Rendering time and costs may be reduced as creators have access to on-demand, scalable, and reasonably priced rendering power.

In the meantime, node owners who monetize their idle GPUs receive cryptocurrency rewards.

Within this decentralized ecosystem, safe, open transactions and pricing are also guaranteed by Render's blockchain foundation.

Render is a project that is poised to revolutionize the creative production process due to its amalgamation of these constituent elements.

After Raising $5.8 Million in the Presale, is 5th Scape the Next VR Crypto Gem?

While RNDR's surge is making news, 5th Scape, another cryptocurrency project, is also gaining traction.

Indeed, some traders think it might be the next VR cryptocurrency token to become well-known after it is released onto the public market.

For those who don't know, 5th Scape is creating a virtual reality ecosystem for incredibly lifelike 3D games.

Players are submerged in stunning virtual worlds thanks to its state-of-the-art VR technology.

The entire platform will run on the native 5SCAPE token, enabling users to purchase games, access premium content, and take part in the economy.

But the excitement isn't just being fueled by 5th Scape's features.

Virtual reality gaming is still a rapidly expanding market with room to grow as headset technology advances.

And while a relatively low $52 million market capitalization is anticipated upon launch, some see 5th Scape as a hidden gem with enormous potential.

The 5th Scape whitepaper states that there will only ever be 5.21 billion 5SCAPE tokens, so there's that factor as well.  

Similar to Render, which makes use of unused GPU capacity, 5th Scape may provide access to top-tier virtual reality gaming.

Its developer-friendly environment is also intended to draw in a community of creators who may contribute to the creation of future immersive games.

There's been a lot of talk about these components in 5th Scape's expanding Telegram channel.

And because of 5SCAPE's discounted price, investors have been able to raise over $5.8 million for the project during its ongoing presale, suggesting that they are already confident in the development team's plan.