Render (RNDR) Jumps 13% in 3 Days Post Apple mentions Octane

Render (RNDR) Jumps 13% in 3 Days Post Apple mentions Octane

In the digital currency realm, Render Token (RNDR) surged 13.25% in three days, from $10.02 to $11.35, after Apple mentioned Octane, a 3D design software by Render Network, during its iPad keynote featuring the M4 chip.

Tim Millet, Apple’s vice president of platform architecture, noted Octane’s exceptional performance on the new iPad, which caught traders’ attention. This brief mention contributed to RNDR’s 44.70% rise over the past week, now trading at $11.26, according to CoinMarketCap data.

Render Price Chart | Source: CoinMarketCap

The enthusiasm for RNDR contrasts with Bitcoin’s 5.5% gain. AI tokens like (FET) (+12.88%), The Graph (GRT) (+20.28%), and SingularityNET (AGIX) (+16.18%) also saw increases over the last seven days.

The Fear and Greed Index shows investor “greed” at 66, up 11 points. Traders are eyeing AI tokens ahead of Nvidia’s Q1 2024 earnings on May 22, as Nvidia’s performance historically influences AI token prices. 

Apple’s mention of Octane significantly boosted RNDR’s value, showcasing the impactful endorsements in the cryptocurrency market, highlighting the growing influence of tech developments on digital asset prices.

Also Read: Apple to Introduce Advanced AI in Devices Using In-House Servers Chips

You must be logged in to post a comment Login