- Render Token (RNDR) experiences an 11% increase following Apple’s brief mention of Octane during the iPad unveiling.
- Apple’s acknowledgment of Octane’s performance on the new M4 chip has boosted RNDR’s market interest.
- Despite Bitcoin’s decline, RNDR traded at $11.26, marking a 45% increase over the week.
Render Token (RNDR) sees a significant uptick following Apple’s mention of Octane, a 3D design software powered by the Render Network, during the iPad unveiling. This article explores this development and its impact on RNDR’s market performance.
Apple’s Mention of Octane Boosts RNDR’s Market Interest
During the unveiling of Apple’s latest iPad featuring the M4 chip, the tech giant briefly mentioned Octane, a 3D design software powered by the Render Network. This acknowledgment by Apple’s vice president of platform architecture, Tim Millet, has sparked interest among market participants and contributed to RNDR’s recent uptrend.
Octane’s Performance on the New M4 Chip
Millet highlighted Octane’s efficiency and speed on the new iPad, stating, “Pro rendering apps like Octane will flat out fly.” He further added that the Octane-powered M4 chip, leveraging second-generation three-nanometer architecture, represents a significant advancement in silicon technology. This enhancement in power efficiency is a critical factor for achieving exceptional performance.
Market Response to RNDR’s Visibility
Pseudonymous crypto trader D0c Crypto noted the visibility of the RNDR logo in the video, further fueling market enthusiasm. He tweeted, “Apple just presented Octane X, the rendering software powered by $RNDR, as the pro rendering app on the new iPad! You can literally see the $RNDR logo in the video!”
RNDR’s Market Performance
According to data from Coinmarketcap, RNDR is currently trading at $11.26, marking a 45% rally over the past week. This is in stark contrast to Bitcoin, which has seen an 8.74% value loss month-to-date, trading at $62,916. Anonymous crypto trader Mister Crypto commented on the trend, saying, “Bitcoin is falling, but RNDR just doesn’t care.”
Conclusion
The recent mention of Octane by Apple during the iPad unveiling has had a positive impact on RNDR’s market performance. Despite the decline in Bitcoin’s value, RNDR has managed to maintain a positive trajectory, demonstrating the potential of this token in the crypto market.
