In the digital currency realm, Render Token (RNDR) surged 13.25% in three days, from $10.02 to $11.35, after Apple mentioned Octane, a 3D design software by Render Network, during its iPad keynote featuring the M4 chip.
Tim Millet, Apple’s vice president of platform architecture, noted Octane’s exceptional performance on the new iPad, which caught traders’ attention. This brief mention contributed to RNDR’s 44.70% rise over the past week, now trading at $11.26, according to CoinMarketCap data.
The enthusiasm for RNDR contrasts with Bitcoin’s 5.5% gain. AI tokens like Fetch.ai (FET) (+12.88%), The Graph (GRT) (+20.28%), and SingularityNET (AGIX) (+16.18%) also saw increases over the last seven days.
The Fear and Greed Index shows investor “greed” at 66, up 11 points. Traders are eyeing AI tokens ahead of Nvidia’s Q1 2024 earnings on May 22, as Nvidia’s performance historically influences AI token prices.
Apple’s mention of Octane significantly boosted RNDR’s value, showcasing the impactful endorsements in the cryptocurrency market, highlighting the growing influence of tech developments on digital asset prices.
Also Read: Render Network Leaps to Solana, Launches Token Migration Incentives
