Here’s why Render Token (RNDR) price is rising

• At press time, Render Token (RNDR) was trading at $2.66, up 7.73% in the last 24 hours.
• The price of RNDR has increased by 42.49% over the last seven days.
• Render recently released a new Render Network Foundation website.

Render Token has been in the limelight in the past month and mainly in the last two weeks because of the rising RNDR price.

There has been a lot going on around the distributed GPU rendering network built on top of the Ethereum blockchain as it aims to connect more artists and studios in need of GPU computing power with mining partners willing to rent their GPU capabilities out.

Why is the Render Token price surging?

There are several Render Token news responsible for the current RNDR bullish trend.

The most recent announcement was made on May 22  and it was announcing revisions to the C4D plugin for Octane that includes a brand new feature, an ORBX export command tailored exclusively for RNDR Jobs, available through the live viewer. The announcement resulted in a 6% RNDR price surge.

The other crypto news about Render Network was on May 19, when Render launched its new Render Network Foundation website featuring an all-new community hub for The Render Network, including art showcases from some of the amazing creators in the Render Network community.

The new website provides a simple, easy way to find information about the Render Network. Users can access the Artist portal, Knowledge Base, information about participating in Render Network Governance, and links to Render Network’s social sub-communities.