Quantum Computing's Impact on the Crypto Industry

Written by Ohris M. Greyoon, Blockchain & Crypto Expert

Source: Coinmarketcap

Updated: 2 days ago

RENDER-4.394%

GNO+1.043%

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Escalating Quantum Risks: According to a report by Quantus, as quantum computing capabilities advance, traditional blockchains like Bitcoin may face significant scalability and governance crises during their migration to post-quantum systems, with transaction data sizes increasing from 97 bytes to 7,187 bytes, drastically reducing transaction capacity.
Controversial Governance Interventions: The report suggests that the only practical solution is to set a hard deadline for users to migrate tokens to quantum-safe accounts, which could represent one of the most controversial governance interventions in crypto history, forcing users to migrate assets under protocol-imposed timelines.
Operational Hardware Challenges: Hardware wallets and exchanges face operational challenges, particularly as the ML-DSA-87 algorithm requires significantly higher hardware resources, potentially impacting user experience and complicating the migration process further.
Risk Beyond Retail Wallets: The report warns that risks extend beyond retail wallets, as stablecoin administrator keys, multisig custody systems, and governance contracts all rely on classical cryptography, meaning a compromise at these layers could simultaneously affect lending markets and cross-chain liquidity.

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Technical Analysis for RENDER

Technical Sentiment Analysis for Render (RENDER). As of , Render (RENDER) is exhibiting a Strong buy technical sentiment. Our proprietary analysis, which aggregates 5 technical signals, shows that 5 indicators are flashing buy, while 0 are indicating sell.

Momentum Indicators: RSI, MACD & Overbought/Oversold Status. Currently, the Relative Strength Index (RSI) for RENDER stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the crypto.

Support, Resistance & Moving Averages. From a structural perspective, RENDER is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.

Render (RENDER) Support & Resistance Level

Name	S3	S2	S1	Pivot Points	R1	R2	R3
Classic	1.051	1.408	1.723	2.08	2.395	2.752	3.067
Fibonacci	1.408	1.665	1.823	2.08	2.337	2.495	2.752

About RENDER

Render Network is the leading provider of decentralized GPU based rendering solutions, revolutionizing the digital creation process. The network connects node operators looking to monetize their idle GPU compute power with artists looking to scale intensive 3D rendering work and applications to the cloud. Through a decentralized peer-to-peer network, the Render Network achieves unprecedented levels of scale, speed, and economic efficiency. On top of a decentralized GPU computing network, Render provides a platform for artists and developers to build services and applications for the emerging digital economy.

About the author

Ohris M. Greyoon

Ohris M. Greyoon holds a Master’s in Computer Science from MIT and has 10 years of experience in blockchain technology and cryptocurrency markets. A pioneer in decentralized finance (DeFi) analysis, he leads Intellectia’s Crypto News, offering cutting-edge insights into digital assets.

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