We are locking in another big gain in our Frontier Fortunes crypto portfolio today.
I am recommending that you sell half of your position in Render Token. We’re now up more than 247% in Render.
My recommendation: Sell ½ Your Position in Render Token (RNDR) at any price above $7.80.
You will likely own Render in a crypto-exchange account at Crypto.com, Coinbase, or Gemini.
You’ll receive USDC stablecoin for the Render sale, and I would suggest you keep your proceeds in your crypto account for other crypto opportunities.
If you would rather have the cash, then simply go into your crypto account and sell your USDC for fiat dollars, then request that the fiat be sent to the bank account you have connected to the crypto exchange.
By selling half, we’re going to recoup all of our original investment in Render plus some, and we will still have the remainder of our position available to generate even greater profits as Render moves higher from here.
And, yes, I do think Render goes much higher, as I will explain in a moment.
But this is crypto, and as you know crypto can sink and lurch like a bucking bronco. So I want to lock in some big gains when we can, but in a way that allows us to benefit going forward without any risk to our original principal.
As for Render itself, this crypto has a bright future because of two trends arising at the same moment: artificial/virtual reality, and artificial intelligence.
Render runs what are known as “render farms.” The firm has created a global network of unused graphics processing units, or GPUs, that it calls upon for tasks that require intense computing power.
GPUs are the components inside computers that generate graphics on the fly. These are the most powerful parts of most computers—so powerful, in fact, that they are what a lot of crypto miners use to process the extreme number of calculations necessary for mining certain cryptocurrencies.
Around the world, a lot of GPUs sit idle during the day, or are under-utilized relative to their computational capacity.
Render corrals that capacity into a single network that programmers globally can call upon to perform computationally intense tasks.
Imagine, for instance, walking down the street and you’re playing a live-action video game that incorporates the real world around you and computer generated characters and graphics on your phone’s screen that are interacting in the street and nearby buildings.
The game needs to process your surroundings and those graphics with near-zero latency—on-the-fly basically. That’s what Render provides.
By linking up that global network of unused and under-used GPUs, Render can divide tasks into multiple segments and have dozens, scores, even hundreds of computers process the request in a blink.
Moreover, because GPUs possess such high processing power, they are the go-to engine for managing AI’s extreme data needs. AI requests generate intense demand because AI engines must sift through the universe of data—rapidly—in order to build answers to queries or to generate art or even Hollywood-caliber videos.
Again, because of that globally linked army of GPUs, Render has emerged as a primary crypto-based play on the AI trend.
As such, I expect we will see higher prices for the remaining half of the Render Tokens we own.
Render is now back at its all-time high in the $7.80 range, but we are still in the very early innings of the new crypto bull market. Given the interest in AR/VR, and particularly in AI, I won’t be surprised to see Render touch $20, if not surge substantially higher
So that’s why I want us to maintain some exposure to Render in the Frontier Fortunes portfolio as the bull market unfolds.
This gain of nearly 250% in Render is our second big gain in the last few weeks.
Back in January, we closed half our position in Shadow Token (SHDW) with a nearly 350% gain, and we’re still up more than 220% on the second half (that, too, will go markedly higher).
I expect I will be back to you soon with a recommendation to take profits on half our positions in both Solana and Chainlink. Solana is up more than 150% as I write this, while Chainlink is up 136%. Once they are both over 200%, we’re going to close half and let the other half ride.
We’re still down in some of our cryptos, but they’re all moving in the right direction, and I suspect that over coming months we’re going to have an opportunity to lock in big gains across the board.
As I always counsel, patience is our friend.
It’s already paid off handsomely in some of our positions… and it’s going to pay off handsomely again.
