Reserve

Render

Daily

Artificial Superintelligence Alliance

<figure>
 <figcaption>
 Cover image via <a href="https://u.today/" rel="noopener noreferrer nofollow">U.Today</a>
 </figcaption>
</figure>
Crypto AI tokens such as <a href="https://u.today/ai-crypto-render-rndr-outperforms-bitcoin-btc-details" rel="noopener noreferrer nofollow">Render (RNDR)</a> and Fetch.AI (FET) are recording double-digit gains as the market sees a fresh bullish impulse.
<a href="https://u.today/bitcoin-btc-shows-signs-of-caution-in-short-term-indicators-heres-how" rel="noopener noreferrer nofollow">Bitcoin (BTC)</a> surpassed $43,000 for the first time since Monday's drastic drop, propelling the cryptocurrency market and shares of crypto-focused companies higher as the Federal Reserve (Fed) anticipated an interest rate reduction for next year.
While U.S. central bank officials left the Fed funds rate between 5.25% and 5.5% at the end of the December Federal Open Market Committee (FOMC) meeting on Wednesday, they forecast the rate will fall to 4.6% by the end of 2024, implying three 25 basis point decreases. <img alt="Fetch.AI TradingView" data-entity-type="file" data-entity-uuid="126eef6c-2fac-431b-a48e-2aaa8e5ae38a" src="https://u.today/sites/default/files/inline-images/14122023%200000.png"><a href="https://www.tradingview.com/x/y4V1zPFe/" rel="noopener noreferrer nofollow">FET/USD Daily Chart, Courtesy: TradingView</a>
Crypto AI tokens also burst higher in line with the general market surge, with Render (RNDR) soaring 23% and <a href="https://coinmarketcap.com/currencies/fetch/" rel="noopener noreferrer nofollow">Fetch.ai </a>(FET) rising 16%.
AI token Render saw a massive intraday surge, with prices jumping from lows of $4.13 to $4.87. At the time of writing, RNDR had risen 21.61% in the previous 24 hours to $4.81. Increased investor demand and stronger market sentiment may be driving the price increase of RNDR.
Render has been on the rise since early November, after the emergence of a golden cross on its daily chart.
The RNDR rally accelerated after the price dipped to lows of $3.3 on Dec. 11, with the price marking three out of four days of gains. Today's surge achieved highs of $4.87, which had not been seen since January 2022.
<a href="https://u.today/top-ai-crypto-fetchai-fet-jumps-by-55-key-triggers" rel="noopener noreferrer nofollow">FET</a>, the native token of the fetch.ai network, has also benefited from the market's positive momentum, gaining rapidly for three days in a row.
Fetch.ai, like RNDR, had a steady price rise shortly following the appearance of a golden cross on its daily charts. The recent rise peaked at a high of $0.65, a level not seen since December 2021.&nbsp;

Crypto AI Tokens Render, Fetch.AI Join Market Surge With Double-Digit Growth

U_Today

Other articles published on Dec 14, 2023

Flipster Debuts ‘The Dragon's Treasure’ Trading Competition Series with 1 million USDT worth of p...

Biden’s impeachment inquiry kicks off – Here are all the details

XRP to go up: analyst predicts bullish cycle ahead

RNDR Coin Price Prediction: Will the Rally Carry Forward Above $5?

Flare and Kinetic join forces to revolutionize DeFi lending and borrowing

Solana-based project, Marinade, rallies 150% in 24 hours as this memecoin presale soars

Join our free newsletter for daily crypto updates!