> Render = a decentralized GPU marketplace. > Lets creators and AI applications rent unused GPU power for rendering and AI inference.
Price drivers:
• AI sector momentum: AI token market cap +14% WoW ($18.96B). NVIDIA-led AI optimism and spillover sentiment are driving demand for decentralized GPU networks like Render.
• Infra narrative: Render’s positioning as decentralized compute for rendering, AI inference, and edge ML is being repriced as real infra.
• Whale accumulation: A 90K RENDER transfer from Coinbase to a private wallet is seen as a signal.
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🟢 Daily top crypto gainer: @rendernetwork
$RENDER | +13.1% (24h) | $2.08
> Render = a decentralized GPU marketplace.
> Lets creators and AI applications rent unused GPU power for rendering and AI inference.
Price drivers:
• AI sector momentum: AI token market cap +14% WoW ($18.96B). NVIDIA-led AI optimism and spillover sentiment are driving demand for decentralized GPU networks like Render.
• Infra narrative: Render’s positioning as decentralized compute for rendering, AI inference, and edge ML is being repriced as real infra.
• Whale accumulation: A 90K RENDER transfer from Coinbase to a private wallet is seen as a signal.
Technical view:
• RSI: 74.7 (near overbought)
• Next resistance: $2.20–$2.25