- Render (RNDR), an AI token, has surged by 15% in the market today, outperforming Bitcoin’s growth as the artificial intelligence market continues to boom.
- The GPU Rendering protocol is riding the bullish wave of AI, with other AI entities also experiencing growth amid the hype.
- Render’s growth significantly outpaces other AI tokens in the ecosystem, with a Year-To-Date (YTD) growth of 95.58%.
AI token Render (RNDR) outperforms Bitcoin with a 15% surge amid the booming artificial intelligence market. The GPU Rendering protocol is riding the bullish AI wave with a YTD growth of 95.58%.
Render’s Performance Amid Market Capitulation
The digital currency ecosystem is undergoing a mild capitulation as Bitcoin (BTC) and altcoins like Render (RNDR) fight weekly lows. Despite the overall visible growth imbalance, Render is in the spotlight with its 15.25% surge to $8.745, decoupling from Bitcoin’s 0.23% fall.
Render’s Growth Outpaces Other AI Tokens
Render is a market outlier, with growth significantly outpacing other AI tokens in the ecosystem. With the 24-hour surge, the token has extended its growth over the past week to 20%. Despite high volatility, Render has managed to maintain a bullish outlook YTD, with data from CoinMarketCap pegging this growth at 95.58% as it soared from $4.4 to a high of $9.34 today.
The Booming AI Market
Beyond Render, many crypto protocols and Wall Street firms are riding the AI wave. NVIDIA, for instance, is one of the biggest beneficiaries of this rally with its valuation topping $2 trillion this year. Many analysts are bullish on the firm as its GPU hardware and dominant software position it as a leader in the AI race. Furthermore, the formation of the Artificial Superintelligence Alliance (ASI) by Fetch.ai (FET), SingularityNET (AGIX), and Ocean Protocol (OCEAN) is also a testament to the potential of AI many are visualizing.
Conclusion
Render’s 15% surge amid the booming AI market is a testament to the potential of AI and its impact on the crypto market. As the AI market continues to grow, Render’s performance could potentially set a precedent for other AI tokens in the ecosystem.
