Will RENDER Soar 1,600%? Crypto Analyst Shares Bullish Prediction Based on New Chart

Crypto analyst CryptoPatel has issued a bullish prediction for RENDER’s price, predicting a potential surge of up to 1,600% from its current level. The chart suggests that RENDER could reach $50 if this prediction holds true. The analyst’s analysis relies on comparing the current RENDER price structure with previous bull cycles where RENDER soared over 5,000%. This surge is attributed to several factors including the growing DeFi ecosystem and increased institutional investment in the space.