RNDR Increased Momentum Up to +40% thanks to Apple and Whales in the Last Week

Bittime - RNDR's upward momentum is up to +40% thanks to Apple and Whales. This increase certainly strengthens the argument that AI tokens will soon top the crypto market.

So, how do Apple and Whales impact the increase in RNDR of up to +40%? Check out the information here.

Whales and NVidia Fuel RNDR Price Soaring 

Nvidia has been in the green zone since February and doesn't seem ready to get out of that situation.

Fortunately, in this development, cryptocurrencies related to artificial intelligence like RNDR are benefiting from the much-needed bull run.

The price of Render Token ( RNDR ) is once again stealing the spotlight after experiencing a 40% price spike last week, as reported by CoinGape. 

Currently, RNDR is trading at just under $10, with its market cap at nearly $4 billion.

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Considering the LookonChain Report

According to a report from LookonChain, the price of Render (RNDR) is increasing due to intensive bulk buying. Large transactions involving the $RNDR crypto have been recorded recently. 

Source: https://twitter.com/lookonchain 

On April 30 and May 1, users with the address 0x15CF withdrew a large amount of $RNDR, totaling 748,898 tokens worth $5.3 million, from the Binance platform.

This take resulted in a profit of $2.24 million for that user, taking advantage of RNDR's significant price increase. 

Also Read: Get Ready, EIGEN Airdrop and Staking Will Open Tomorrow!

Likewise, the user with address 0x1Cb7, who has made a profit of $480,000 from the transaction, withdrew 364,586 tokens worth $3.68 million over the past five days, for an average purchase price of $9.19 per token. 

Users with addresses 0xCA9C and 0xE61A also withdrew 181,922 tokens ($1.81 million) and 58,950 tokens ($586,000) respectively from Binance in recent days, according to data from Etherscan.

Additionally, the AI ​​Render crypto price hit an all-time peak in March, surged 285% during the first quarter of 2024, and reached a record high of $13,840.

Also Read How to Buy Crypto:

RNDR Increased Momentum, Was Apple Hoisted by Octane X?

Render Token (RNDR) prices rose 11% after Apple briefly mentioned Octane, a 3D design software powered by Render Network, in its keynote presentation showcasing the M4 chip in its latest iPad.

The brief talk about the software, which lasted 3 seconds in a 4-minute keynote presentation by Apple's vice president of platform architecture, Tim Millet, caught the attention of traders and has been applauded by some commentators as contributing to the increase in RNDR prices over the past week.

"Professional rendering like Octane will run smoothly," said Millet, noting the software's performance on the new iPad.

"The $RNDR logo is completely visible in the video," wrote a crypto trader under the pseudonym D0c Crypto in a May 7 post.

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Apple collaboration with Render Network

At its latest event, Apple introduced two new iPads. However, there was one amazing project also introduced: Octane X powered by AI crypto RNDR. 

Octan

Source: https://twitter.com/rendernetwork 

Now, how can Apple collaborate with Render Network?

1. Improve graphic rendering;
2. Improve content creation;
3. Improve cloud services;
4. Empowering application developers.

The good news is, Octane

How to Buy Render (RNDR) on Bittime

You can buy and sell Render (RNDR) in an easy and safe way via Bittime . Bittime is one of the best crypto applications in Indonesia which is officially registered with Bappebti. 

Render (RNDR) is available on Bittime with the market pair RNDR/IDR . To be able to buy RNDR IDR at Bittime, make sure you have registered and completed identity verification. Apart from that, also make sure that you have sufficient balance by depositing some funds into your wallet. For your information, the minimum purchase of assets on Bittime is IDR 10,000. After that, you can purchase crypto assets in the application. 

Learn the complete guide on how to buy Render (RNDR) on Bittime . 

Monitor the price chart movements of Render (RNDR) , Bitcoin (BTC) , Ethereum (ETH) , Solana (SOL) and other cryptos to find out today's crypto market trends in real-time on Bittime.

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DISCLAIMER: This article is informational in nature and is not an offer or invitation to sell or buy any crypto assets. Trading crypto assets is a high-risk activity. Crypto asset prices are volatile, where prices can change significantly from time to time and Bittime is not responsible for changes in fluctuations in crypto asset exchange rates.