Altcoin
Render (RNDR) rises 12% to $10 despite the drop in Bitcoin prices
In the realm of digital currencies, Render (RNDR) shines with 12.22% sway to $10.01, decoupling from Bitcoin’s 0.23% drop to $63,755.42, amid a downturn in the market for altcoins.
Render Price Chart | Source: CoinMarketCap
Render’s 24-hour surge marks 20% growth over the week, demonstrating its resilience amid market volatility. Year to date, Render is up 95.58%, starting at $4.4 and peaking at $10.1 today.
As an AI protocol, Render’s appeal lies in its GPU rendering network, which connects miners and artists efficiently. This innovation is in line with the booming AI industry, where NVIDIA’s valuation has reached $2 trillion this year, demonstrating the hype of the AI market.
The Artificial Superintelligence Alliance (ASI), formed by Fetch.ai, SingularityNET and Ocean Protocol, further highlights the potential of artificial intelligence. Analysts are optimistic about the integration of artificial intelligence into tech giants like Apple, predicting transformative impacts.
Render’s surge signals a bullish outlook, keeping an eye on the $10 resistance zone. With the growing prominence of artificial intelligence, the digital currency ecosystem, especially tokens like Render, continues to attract attention and investment .
Read also: Meta invests $30 billion in NVIDIA GPUs for AI training