Coinbase Support
Coinbase, the leading US crypto exchange, announced the addition of Render (RENDER) to its platform. Render is a decentralized altcoin that allows users to earn rewards by sharing their unused graphics processing power to render graphics and visual effects for other projects.
Tepid Response
Despite the Coinbase listing, Render’s price has remained largely unchanged, trading around $4.91 at the time of writing. This represents a slight decrease of 2.1% over the past 24 hours.
Solana Migration
Render was previously an Ethereum-based token but migrated to Solana in late 2023. According to project founder Jules Urbach, this move significantly enhanced the protocol’s utility.
Ethereum and Solana Versions
Coinbase will support both the Solana and Ethereum versions of the Render token. The tokens will have slightly different names across blockchains: RNDR for Ethereum and RENDER (Solana) for the Solana version.
Disclaimer
The information provided in this article is for informational purposes only and should not be construed as investment advice. Investors should conduct their own research before making any investment decisions.
