The surge in interest in artificial intelligence (AI) technologies, highlighted by NVIDIA’s stellar achievements, has shifted the market focus to AI-related alternative cryptocurrencies. Notably, Render (RNDR) has captured attention as a cutting-edge provider of decentralized GPU processing and AI digital rights management. This trend underscores the growing demand for decentralized service platforms in this sector.
Anticipation Skyrockets for Render Network at NVIDIA GTC 2024
The Render Network’s native cryptocurrency, RNDR, is experiencing a significant uptick as the industry anticipates the largest AI and GPU tech event, NVIDIA GTC 2024, scheduled in San Jose, California. Render’s founder and CEO, Jules Urbach, is set to participate, marking his first in-person address since the pre-pandemic era. His talk is expected to shed light on the potential developments within Render Network’s distributed GPU computing.
Urbach’s presentation aims to reveal an evolved vision for productive AI, spatial media, and decentralized GPU computing, potentially impacting various industries such as gaming, visual effects, media, and design. However, Urbach is not the only key speaker; other industry leaders, including NEAR Protocol co-founder Illia Polosukhin and OpenAI COO Brad Lightcap, will contribute insights into the intersection of blockchain and artificial intelligence at Nvidia’s prestigious event.
RNDR Token Experiences Price Surge
Following the announcement of Urbach’s conference attendance, RNDR saw its price spike, briefly surpassing the $10 mark before settling at $9.94. The momentum continued with the token price reaching above $10.5, indicating a 1.58% increase for the day as of March 8. Over the past week, this growth rate hit 31.74%, with a monthly increase of 127.90%.
Considering RNDR’s previous challenges, including being tagged as problematic by the United States Securities and Exchange Commission last year, the current uptrend is a positive indicator. If the momentum sustains, RNDR could potentially emerge as a key player in AI infrastructure, mirroring Nvidia’s role in the crypto space.