Amidst volatility in the cryptocurrency market, Render (RNDR) holds potential in crypto investing. Priced at $7.70, its ability to surge to $20 sparks curiosity among investors. This article delves into three hypothetical investment scenarios, for investors to envision the potential impact on their portfolios.

Market Performance of Render (RNDR) Price

Over the past day, Render (RNDR) has experienced a slight dip of 2.85% in its price, settling at $7.70. Yet, looking at a broader time frame shows more substantial fluctuations. Within the past week, RNDR experienced a decrease of 16.84%, and the price dropped by 30.42% in the last month.

Although facing temporary setbacks, Render’s performance throughout the year is especially noteworthy, displaying a substantial increase of 214.63%.
Render’s current market cap is $2.98 billion, taking its position as 37th among all cryptocurrencies, according to CoinMarketCap.

In the last 24 hours, the trading volume totaled $122,058,142, resulting in a volume-to-market cap ratio of 4.08%, showing a fairly active market for RNDR.
There are currently 386,972,335 RNDR tokens in circulation out of a total supply of 532,065,944. The token achieved its all-time high of $13.60 on March 17, 2024, but its value has since pulled back by 43%.

What Will My Portfolio Look Like Should Render (RNDR) Reach $20?

Explore the possible results of investing in Render (RNDR) with three scenarios, each having different initial investment levels.

Scenario 1:

Let’s say you decide to $500 into Render (RNDR) at its current price of $7.70. This investment would get you around 64.94 tokens. Now, let’s imagine a scenario in the future where RNDR reaches the price of $20 per token. At this stage, your investment would see a notable increase in value. Selling your tokens at this price would yield you a significant profit of $827.51.

When it comes to ROI percentage, you can expect a notable 165.50% return on investment. This scenario demonstrates the possibility of achieving significant profits with a fairly small starting investment.

Scenario 2:

Now, let’s envision a scenario where you decide to allocate a larger sum to RNDR, investing $2000 at the current price. This investment would grant you approximately 259.74 tokens. As the Render Network token price climbs to $20, your investment would blossom into a considerably larger sum. Selling your tokens at this price would yield a profit of around $3,367.94.

Calculating the ROI, you would find yourself enjoying a healthy return of 168.40%. This scenario demonstrates how scaling up your investment can amplify your potential gains, albeit with a higher initial outlay.

Scenario 3:

Lastly, let’s consider a scenario where you’re willing to make a more significant investment in RNDR, committing $5000 at the current price. With this amount, you would acquire approximately 649.35 tokens. As RNDR’s price escalates to $20, your investment would burgeon into a substantial sum. Selling your tokens at this price point would result in a profit of around $8,378.03.

Calculating the ROI, you’d find yourself with an impressive return of 167.56%. This scenario demonstrates the possible benefits of making a larger investment, highlighting the potential for significant profits when investing in the correct cryptocurrency.

In every scenario, as the price of RNDR hits $20, the profits and ROI increase, showing the possibility for substantial financial gains in the crypto market.
It is crucial to highlight that these computations rely on the assumption of reaching a $20 price, without considering taxes and fees, which might affect your total profits.

Just like any other investment, it is important to conduct thorough research and assess potential risks before making investment decisions

 

The post What Will Be My Portfolio if Render (RNDR) hits $20? appeared first on CoinGape.

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Filed under: News - @ January 1, 1970 12:00 am