Render (RNDR) Climbs 60% This Month, Keeps Investors Upbeat With These Developments
2024年2月21日 - 5:30PM
NEWSBTC
With AI enveloping much of the media we consume nowadays, Render
(RNDR) rides the bullish wave around generative content. According
to Coingecko, the token is up over 26% this week with the biggest
jump occurring at the monthly timeframe at 60%. It shows that
investors are still excited by Render’s possible role within the
media space. The protocol is continuing to develop its
capabilities relative to the needs of the media and AI industries.
For example, 2023 brought Render to the eyes of the broader public
as it carried out its first rendering jobs for the Las Vegas Sphere
and Apple with its Apple Vision Pro. 2024 is The Year For AI
The Render Network’s position as a decentralized GPU-based
rendering solution provider is strengthened by this year’s
developments in generative AI. One example that has been making
rounds on the internet is Sora, OpenAI’s newest entry in the realm
of generative content. Capable of creating high-fidelity prompts,
Sora becomes the poster child of generative content. Related
Reading: Worldcoin (WLD) Just Added 170% To Its Value – What’s
Going On? “What is exciting about this level of quality is how well
defined 4D scene elements are preserved in latent space – IMO that
is key to blending/decomposing neural generated assets within a
rendered scene graph,” said the founder and CEO of OTOY Jules
Urbach, highlighting the role of Render in the coming future.
.@EMostaque 100% Yes! And – beyond pixels – Gen AI at this fidelity
means we are closing in on generating true rendering primitives
(rays/surfaces/BDRFs). We need to get there for non-raster devices
and endpoints: real time video games, spatial platforms – or as
@sama, myself… https://t.co/8ca5qNoR33 — Jules Urbach
(@JulesUrbach) February 15, 2024 “I believe crossing over this
threshold in the very near future will be life-changing for many
creators and artists. High friction pain points in digital content
creation may soon be re-imagined – without limiting the value
and artistry of authentic human creativity and expression,” Urbach
added. Along with the variety of AI products released by big tech
companies like META, NVIDIA, and Google, investors are eyeing the
growth of Render as a major player in the cloud-based rendering
space. Total crypto market cap currently at $1.895 trillion. Chart:
TradingView.com More Partners, More Growth Since its
implementation of RNP-004, partnerships with other Web 3
organizations has grown. This month, Nosana was added after RNP-008
was passed in the final vote. The new addition joins the likes of
IO.net, Beam, and FedM1. Related Reading: NEAR Skyrockets Nearly
30% – Investors Intrigued By These Metrics RNDR Slows As Market
Becomes Sluggish As the hot and bullish market cools, RNDR
follows the broader market in its decline in the coming weeks.
Investors and traders should be wary of how RNDR reacts to outside
pressure. With this in mind, bulls should target the 50%
retracement level to slow down any bearish pressure in the short to
medium term. If the bulls fail to materialize any resistance
against the bears, the bears can bring RNDR down to $4.6.
Featured image from Pexels, chart from TradingView
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