Tell me about rndr crypto

Render (RNDR) is a cryptocurrency that has been gaining attention in the market due to its unique use case in the field of decentralized GPU rendering. Here is some key information about RNDR:

1. **Current Price and Market Cap**: As of the latest data, the live price of RNDR is $7.15 USD, with a 24-hour trading volume of $55.613 million USD. The current market cap is $3.843 billion USD.
2. **All-Time High and Low**: The all-time high price for RNDR was recorded on March 17, 2024, at $13.60 USD. The all-time low was $0.04 USD, which was recorded on June 18, 2022.
3. **Trading Volume and Market Activity**: The trading volume of RNDR is $298.309 million USD in the last 24 hours, indicating a recent increase in market activity.
4. **Use Case and Network**: RNDR is used in the Render Network, which provides decentralized GPU rendering solutions for artists and applications. The network connects node operators with idle GPU compute power to those who need to scale their 3D rendering workloads.
5. **Tokenomics**: RNDR is an ERC-20 utility token used within the Render Network to exchange for GPU compute power from node operators. The network utilizes a proof-of-render system to verify rendered art before disbursing payments.
6. **Market Sentiment and Price Predictions**: There are optimistic predictions for RNDR's price, with some experts expecting it to reach a maximum of $10.97 USD by October 2024. However, the price has been volatile, with recent declines in price.
7. **Circulating Supply and Total Supply**: The circulating supply of RNDR is 386.643 million coins, and the total supply is 536.870 million coins.

In conclusion, RNDR is a cryptocurrency with a unique use case in the rendering industry, and its price and market activity reflect the dynamics of the broader cryptocurrency market. Investors should consider the project's fundamentals, including its technology, team, and market demand, along with the broader market conditions, when evaluating RNDR's potential.