Crypto AI: Render Network (RNDR) +40% thanks to Apple and whales!

In the world of AI-driven cryptocurrencies, there’s a celebration going on. With the rebound of bitcoin, the AGIX tokens from SingularityNet, FET from Fetch.ai, or TAO from Bittenson are taking off, nearly stealing the spotlight from the leading crypto. In the same vein, The Render Network’s native token, RNDR, is making a name for itself with performances befitting a renowned sprinter. But what’s its secret?

Major RNDR Whales in Full Accumulation Mode

Nvidia, which has been in the green since February, doesn’t seem ready to let go. Luckily, in this ascent, AI-related cryptos like RNDR are benefiting from a much-needed boost.

1/ The price of $RNDR has increased by 40% in the past week!

Let’s check if any whales and smart money are accumulating $RNDR! pic.twitter.com/NAVHcJO55n

— Lookonchain (@lookonchain) May 8, 2024

The Render Token (RNDR) is once again making waves after a 40% surge in its price last week, reports CoinGape. Currently trading just below $10, its market capitalization is close to $4 billion.

According to LookonChain, the price of Render (RNDR) is climbing in a context of intense whale accumulation. Significant transactions involving the cryptocurrency $RNDR have been recorded lately. On April 30th and May 1st, user 0x15CF withdrew a substantial amount of $RNDR, totaling 748,898 tokens, valued at $5.3 million, from the Binance platform.

This withdrawal netted him a floating profit of $2.24 million, benefiting from a history of successful transactions with $RNDR. Similarly, user 0x1Cb7, who had already earned $480,000 from these transactions, withdrew 364,586 tokens worth $3.68 million over the last five days, with an average purchase price of $9.19 per token. Users 0xCA9C and 0xE61A also withdrew 181,922 tokens ($1.81 million) and 58,950 tokens ($586,000) respectively from Binance in recent days, according to Etherscan data.

Furthermore, the price of Render’s AI crypto reached its all-time high in March, gaining 285% in the first quarter of 2024, to hit a record of $13.840.

Apple and Render Network: A Perfect Technological Union?

#OctaneX was featured in today’s @Apple keynote!

Apple users can augment the massive increase in rendering power on the M4 with access to near unlimited high performance decentralized GPU compute power on @rendernetwork using Octane X. pic.twitter.com/WwfC8mIBB1

— The Render Network (@rendernetwork) May 7, 2024

At its last Keynote, Apple unveiled two new iPads. But that’s not all! An astounding project was also introduced: Octane X powered by the AI crypto RNDR. An unexpected union between Apple and Render Network, let’s see how these two giants can collaborate through four simple steps.

First off, Octane X, developed by OTOY, is the world’s first unbiased and spectrally correct GPU production rendering engine for macOS.

Now, how can Apple work with Render Network?

• Enhance graphic rendering;
• Boost content creation;
• Improve cloud services;
• Empower application developers.

The great news is, Octane X enables artists to work on visual effects, motion graphics, games, designs, artistic concepts, and architectural visualizations.