As the global crypto market cap soared to an unprecedented $1.28 trillion on April 16, only to recede to $1.16 trillion by May 2, market participants have been keenly attuned to the Federal Reserve’s impending interest rate announcement.
Amidst the anticipatory lull, bitcoin’s lackluster trading range of $27.5k-$28.5k has provided fertile ground for altcoins to captivate the spotlight.
Enter the trailblazers of April 2023: Render Token (RNDR), Casper (CSPR), and Injective Protocol (INJ).
With a striking 59% gain within a month and a current market price of $2.10, RNDR has become an emblem of progress in the decentralized rendering space.
The catalyst behind this remarkable surge can be traced back to the Render community’s completion of the RNP-002 and RNP-003 votes.
These milestones are viewed as linchpins in the project’s roadmap, with the potential to revolutionize the Render network’s internal architecture.
RNP-002 has cleared the path for the Render Foundation to integrate the BME model within the Solana (SOL) ecosystem. This move promises to unlock the full potential of Solana’s high-speed, low-cost transactions.
By harnessing Solana’s ability to process thousands of transactions per second at a mere $0.01 per transaction, the Render network anticipates offering its users an unparalleled experience in terms of speed and affordability.
The RNP-003 empowers the Render Foundation to procure and allocate resources to fuel the ecosystem’s growth.
With the successful conclusion of these votes, the project awaits the subsequent approval stage, which will officially recognize both RNP-002 and RNP-003 as “approved” on the project’s roadmap.