Why is Render Token (RNDR) down today? (June 22, 2023)

Los Angeles-based Render is a distributed GPU rendering network built on top of the Ethereum blockchain. Render aims to connect artists or studios that need GPU computing power with mining partners who want to rent their GPUs. Render allows anyone to easily share GPU power. The system removes the technical barriers associated with network computing systems. It connects users who want to do render work with people who have idle GPUs, so users don't have to buy high-end computers.

The price of RNDR has increased by about 27% in the last 7 days, but has fallen by 0.83% in the last 24 hours. Today’s decline can be seen as a corrective move.