- Render (RNDR), a 3D design software supported by Render Network, saw an 11% increase following its mention during Apple’s M4 chip presentation.
- The software was highlighted by Apple’s Vice President in charge of platform architecture, Tim Millet, during his opening speech, drawing the attention of investors.
- Many commentators have praised this mention for contributing to the rise in RNDR’s price last week.
In the wake of Apple’s M4 chip presentation, Render (RNDR) saw an 11% increase, highlighting the growing influence of 3D design software in the tech industry.
Render (RNDR) gains traction following Apple’s product presentation
Participants noted the software’s performance on the new iPad, with comments such as “Professional image creation applications like Octane will definitely take off.” Crypto phenomenon D0c Crypto pointed out in a May 7th post that “You can literally see the $RNDR logo in the video.” The 11% price increase following the May 8th announcement contributed to RNDR’s overall 40% increase in the past seven days.
Artificial Intelligence (AI) coins show promising activity
Meanwhile, other AI coins generally rose this week; Fetch.ai (FET) increased by 12.88%, The Graph (GRT) by 20.28%, and SingularityNET (AGIX) by 16.18%. In the coming weeks, investors are preparing to closely monitor AI coins due to Nvidia, one of the largest producers of graphic processing units (GPUs), publishing its first quarter 2024 earnings report on May 22nd. In the past, investors have linked AI token price movements to the performance of Nvidia shares.
Conclusion
With the recent rise in AI coins and the attention drawn to Render (RNDR) during Apple’s M4 chip presentation, it’s clear that the intersection of technology and cryptocurrency is becoming increasingly significant. As we look to the future, the performance of tech giants like Apple and Nvidia will likely continue to influence the crypto market.
