Render

Two AI-focused projects have recently garnered significant attention: Render Network (RNDR) and Bittensor (TAO). These projects, while distinct in their objectives and execution, are at the forefront of integrating artificial intelligence with blockchain technology. Analyst Crypto Stream has analyzed the two most hyped AI projects in this cycle and tried to answer the question: “Which one is the true king of AI coins?” Render Network (RNDR): A Leap In GPU Rendering Crypto Stream highlights that Render Network addresses a critical need in the current digital era: the demand for GPU computing power. Industries ranging from filmmaking to AI research are constantly seeking more computational resources, a need that even major tech giants struggle to meet. Render Network ingeniously tackles this issue by enabling individuals with GPU resources to monetize their idle computing power. As Crypto Stream puts it, “Render Network is not just optimizing resource utilization but is fundamentally changing the dynamics of GPU computing power accessibility.” Related Reading: Crypto Analyst Who Sold The Bitcoin Top Reveals How To Buy And Sell At The Perfect Time The economic model of RNDR has evolved since its inception as an ERC-20 token in 2017. Migrating to the Solana blockchain, the project introduced a burn mechanism, where RNDR tokens equivalent to the fiat value of GPU power purchased are burnt, potentially reducing the token supply over time. “This burn mechanism,” Crypto Stream notes, “is a fascinating aspect of RNDR, adding a deflationary characteristic to its tokenomics.” Discussing RNDR’s market performance, Crypto Stream observes that the token’s peak at over $7 in 2022 and its current price at $3.49 reflect its substantial growth. With a market capitalization of $1.3 billion and a fully diluted valuation of $1.8 billion, RNDR has already experienced a significant 10x increase this year. “We’re not early in the game with RNDR, but its potential in the AI space still makes it a project worth watching,” advises Crypto Stream. At press time, RDNR was trading at $3.56, slightly below the 0.382 Fibonacci retracement level at $3.60. Bittensor (TAO): Democratizing AI Model Deployment Bittensor’s aim to decentralize the deployment of machine learning algorithms stands in contrast to RNDR. It aims to challenge the dominance of tech giants in AI, such as OpenAI and Meta, which control the best AI models, by creating a platform for trading specialized AI models. “Bittensor is opening doors for smaller research teams globally, allowing them to contribute and monetize their specialized AI models,” states Crypto Stream. This specialized focus actively caters to a variety of needs, including non-English languages and niche industries, often overlooked by larger players. Related Reading: 3 Bitcoin-Like Proof Of Work Altcoins That Could Make You A Millionaire In 2024 Crypto Stream is particularly impressed by Bittensor’s tokenomics, which are inspired by Bitcoin’s model. “With a total supply mirroring Bitcoin’s, no premine or ICO, and a halving cycle every four years, TAO’s economic design is both robust and promising,” he comments. Approximately 6 million TAO tokens are currently in circulation, with the token trading near its all-time high of $304. “TAO’s current market cap of $1.8 billion and an FDV exceeding $6 billion signify its growing prominence, though much of its supply is yet to be released into the market,” Crypto Stream added. Which One Is The Best AI Altcoin? Crypto Stream concludes that both RNDR and TAO offer unique and complementary solutions to the AI and crypto sector. RNDR’s focus is on solving the hardware problem by leveraging unused GPU power, while TAO addresses the software side by enabling a marketplace for AI models. “It’s hard to declare a definitive leader in the AI token space,” Crypto Stream reflects, “as both RNDR and TAO bring innovative solutions to the table. RNDR’s burn feature and TAO’s Bitcoin-like tokenomics each have their own appeal, targeting different needs within the AI and crypto markets.” Featured image from iStock, chart from TradingView.com

Crypto Analyst Explores The Hype: Are These The Best 2 AI Altcoins?

Crypto analysts are marveling at Render Token's rendering of a price surge, as RNDR rises over 50% in 7 days even while pulling back slightly over 24 hours.

What is Render, and why is it 50% up this week?

Crypto Prices Today: The majority of major cryptocurrencies witnessed significant growth from mid-October to early November, largely attributed to the optimism surrounding the approval of the Bitcoin ETFs. However, the momentum has shown signs of waning over the past week. This slowdown is highlighted by Bitcoin’s struggle to surpass the $38,000 threshold, partly due to 
The post Crypto Prices Today: RNDR Jumps 5% while ETH and SHIB Stalled in Uncertainty appeared first on CoinGape.

Crypto Prices Today: RNDR Jumps 5% while ETH and SHIB Stalled in Uncertainty

Aside from Bitcoin (BTC) and Ethereum (ETH), there are other digital currencies worth considering for people looking to diversify their portfolios and get experience with new cryptocurrencies. Render Token (RNDR) is one of them. RNDR is an ERC-20 compatible utility token used to pay for animation, motion graphics, and VFX rendering on the distributed Render […]
The post Render Token (RNDR) Price Prediction 2023-2030: Will RNDR Price Hit $10 Soon? appeared first on Coin Edition.

Render Token (RNDR) Price Prediction 2023-2030: Will RNDR Price Hit $10 Soon?

The post Render Prepares For A Big Move As Active Addresses Surpass 1K! Here’s the Next Resistance For RNDR Price appeared first on Coinpedia Fintech News
The digital graphics rendering platform Render has experienced a notable comeback recently, with its token value undergoing a solid increase. After a period of 1.5 years, Render has successfully surpassed key resistance levels, indicating a strong shift in its market position. Additionally, the growing number of active addresses hints at the possibility of a big …

Render Prepares For A Big Move As Active Addresses Surpass 1K! Here’s the Next Resistance For RNDR Price

The RNDR price has surged by 25% in the past 24 hours, rising to $2.95 after the cryptocurrency market gained by 2.5%. Render is now up an impressive 58% in the last 30 days, with today’s push following from excitement surrounding a new governance proposal. Named RNP-007, the proposal (if accepted) will introduce updates that […]
The post Is It Too Late to Buy Render? RNDR Price Climbs 25% Amid Buzz Around a Fresh New Telegram Casino Platform – Time to Buy? appeared first on Cryptonews.

Is It Too Late to Buy Render? RNDR Price Climbs 25% Amid Buzz Around a Fresh New Telegram Casino Platform – Time to Buy?

The RNDR price trend is considered bullish unless a close below the $2.20 horizontal area occurs.
The post Render (RNDR) Reaches High Above $3 for First Time in 600-Days – Where to Next? appeared first on BeInCrypto.

Render (RNDR) Reaches High Above $3 for First Time in 600-Days – Where to Next?

The Bitcoin (BTC), Crypto Market Cap (TOTALCAP) and the RNDR price all increased significantly yesterday.
The post Why Is the Crypto Market Up Today? appeared first on BeInCrypto.

Why Is the Crypto Market Up Today?

The post Render Token Price Surges! Will RNDR Price Record New Yearly High Soon? appeared first on Coinpedia Fintech News
The crypto market has displayed a significant move in valuation this year as the industry has added massive value to its total market cap. Bitcoin has already recorded a return of over 100% YTD. Further, the Render token has outperformed elite tokens by recording over 630% Year-to-Date (YTD) gain. Following the news of Binance RNDR …

Render Token Price Surges! Will RNDR Price Record New Yearly High Soon?

The crypto prices today noted significant gains on Thursday, November 16, as the investors seem to have lauded the latest economic data. The U.S. Consumer Price Index and Producer Price Index, two important data to gauge inflation, have been released this week, which have fuelled confidence of the investors. The latest data showed that the 
The post Crypto Prices Today: Market Rallies As BTC, Pepe Coin, RNDR Surge appeared first on CoinGape.

Crypto Prices Today: Market Rallies As BTC, Pepe Coin, RNDR Surge

The post Render Token Price Prediction 2023, 2024, 2025: Is RNDR Token A Good Investment For 2023? appeared first on Coinpedia Fintech News
Story Highlights The live price of RNDR token is . Render token with a potential high could reach $4.65 by the end of 2023. With a potential high, the RNDR price could reach a high of $19.81 by 2030. In the constantly evolving cryptocurrency space, numerous ventures have been springing up. Among the countless virtual …