- AI-related cryptocurrency Render (RNDR) has recently outperformed its rivals in social volume dominance, even surpassing the sector’s leader.
- The value of RNDR has seen an impressive surge of 435% in the past year, a growth attributed to factors such as major exchange support.
AI-related cryptocurrency Render (RNDR) outperforms rivals in social volume dominance and sees a 435% surge in value over the past year.
RNDR Tops the Ranking
Artificial Intelligence (AI) and cryptocurrencies related to this evolving technology have been making significant strides recently. Among these, Render (RNDR) has been capturing the attention of many industry participants. With a market capitalization of almost $4 billion, it is the second-largest in the cohort, with Fetch.ai (FET) leading with a market cap of over $5.5 billion. However, according to the market intelligence platform Santiment, RNDR has outperformed its rival and all other cryptocurrencies in one crucial aspect: social volume dominance. The platform estimates that the AI cryptocurrency has been at the center of most discussions in the past few days, with a rate of more than 100%. Other assets performing well in this regard are AIOZ Network (AIOZ), Turbo (TURBO), Cirus (CIRUS), and Deri Protocol (DERI).
RNDR’s Price Rally
RNDR is the native token of the Render Network Foundation, a leading provider of decentralized GPU solutions aiming to revolutionize the digital creation process. Earlier this year, it caught the attention of Coinbase, which placed it on its roadmap zone and later allowed trading services with it. The support from this major exchange might be one factor contributing to RNDR’s exponential price increase in the past year. Its current value stands at over $10, representing a staggering 435% increase compared to the figures observed in May 2023.
Conclusion
The impressive performance of RNDR in terms of social volume dominance and its significant price surge over the past year highlight the potential of AI-related cryptocurrencies. As the sector continues to evolve, RNDR and similar tokens are likely to remain at the forefront of discussions and developments.
