Render

Donald Trump

Elon Musk

<div class="finbold">
 <p class="paragraph">Render (RNDR) is a decentralized GPU rendering platform that utilizes blockchain technology to connect artists and creators with GPU power. Deemed “The Nvidia of <a rel="noopener noreferrer nofollow" title="crypto" href="https://thebittimes.com/tag/crypto.html">crypto</a>,” the <a rel="noopener noreferrer nofollow" title="crypto" href="https://thebittimes.com/tag/crypto.html">crypto</a>currency has seen a $2 <a rel="noopener noreferrer nofollow" title="billion" href="https://thebittimes.com/tag/billion.html">billion</a> market cap increase in a week.</p>
 <p class="paragraph">Notably, the project enables users to rent out idle GPU processing power to others who need it for rendering tasks. Render aims to democratize access to high-performance computing resources and create a global decentralized rendering network.</p>
 <p class="paragraph">On the other hand, Nvidia Corp (NASDAQ: NVDA) is a leading manufacturer of GPUs. Therefore, Render and Nvidia share market and industry similarities, highly benefiting from the increased interest in artificial intelligence (AI) technologies.</p>
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 <p class="paragraph">Moreover, their similarities go beyond providing GPU-related services.</p>
 <h2 class="wp-block-heading" id="h-rndr-and-nvidia-price-performance">RNDR and Nvidia price performance</h2>
 <p class="paragraph">Interestingly, Render’s market cap went from $2.42 <a rel="noopener noreferrer nofollow" title="billion" href="https://thebittimes.com/tag/billion.html">billion</a> on March 5 to an impressive $4.78 <a rel="noopener noreferrer nofollow" title="billion" href="https://thebittimes.com/tag/billion.html">billion</a> on March 11. This recent action has increased its value by over $2 <a rel="noopener noreferrer nofollow" title="billion" href="https://thebittimes.com/tag/billion.html">billion</a>, adding to a remarkable price performance.</p>
 <p class="paragraph">RNDR, the project’s native token, skyrocketed by 2,732% since its lowest price in December 2022 during the bear market. Additionally, RNDR surged 677% in one year and 215% year-to-date, currently at $11.48 per token.</p>
 <figure class="wp-block-image size-large"><img decoding="async" width="1024" height="661" src="https://cdn.thebittimes.com/images/2024/03/12/1b24597a08c273a37167fa1bc643fda9.webp" alt class="wp-image-160317" srcset="https://cdn.thebittimes.com/images/2024/03/12/1b24597a08c273a37167fa1bc643fda9.webp 1024w, https://cdn.thebittimes.com/images/2024/03/12/1b24597a08c273a37167fa1bc643fda9.webp 300w, https://cdn.thebittimes.com/images/2024/03/12/1b24597a08c273a37167fa1bc643fda9.webp 768w, https://cdn.thebittimes.com/images/2024/03/12/1b24597a08c273a37167fa1bc643fda9.webp 1536w, https://cdn.thebittimes.com/images/2024/03/12/1b24597a08c273a37167fa1bc643fda9.webp 1875w" sizes="(max-width: 1024px) 100vw, 1024px">
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   RNDR/USD weekly price chart. Source: <em>TradingView</em> (Finbold)
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 <p class="paragraph">Meanwhile, NVDA’s remarkable performance on the stock market somewhat mirrors Render’s price action within the proper volatility adjustment. In particular, Nvidia’s stock increased in price by 671% since its bottom in October 2022, while it has gained 236% and 76.5% in one year and year-to-date, respectively.&nbsp;</p>
 <p class="paragraph">NVDA trades at $867.10 per share by press time.</p>
 <figure class="wp-block-image size-large"><img decoding="async" width="1024" height="661" src="https://cdn.thebittimes.com/images/2024/03/12/77bcabfdca44db4e9ee25ea601317a56.webp" alt class="wp-image-160318" srcset="https://cdn.thebittimes.com/images/2024/03/12/77bcabfdca44db4e9ee25ea601317a56.webp 1024w, https://cdn.thebittimes.com/images/2024/03/12/77bcabfdca44db4e9ee25ea601317a56.webp 300w, https://cdn.thebittimes.com/images/2024/03/12/77bcabfdca44db4e9ee25ea601317a56.webp 768w, https://cdn.thebittimes.com/images/2024/03/12/77bcabfdca44db4e9ee25ea601317a56.webp 1536w, https://cdn.thebittimes.com/images/2024/03/12/77bcabfdca44db4e9ee25ea601317a56.webp 1875w" sizes="(max-width: 1024px) 100vw, 1024px">
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   NVDA weekly price chart. Source: <em>TradingView</em> (Finbold)
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 <h2 class="wp-block-heading" id="renders-advantages-and-disadvantages">Render’s advantages and disadvantages</h2>
 <p class="paragraph">In summary, Render’s advantages include lower costs compared to traditional rendering services and the ability to harness underutilized GPU power. Also, it provides a decentralized alternative to centralized rendering farms, increasing flexibility and reducing single points of failure.</p>
 <p class="paragraph">However, disadvantages include potential security concerns, the complexity of the blockchain-based system, and the need for a stable <a rel="noopener noreferrer nofollow" title="crypto" href="https://thebittimes.com/tag/crypto.html">crypto</a>currency market.</p>
 <p class="paragraph">While Render and Nvidia operate in different sectors, they play significant roles in the GPU-driven industry. Still, it is important to note that Render is a decentralized platform, while Nvidia is a centralized hardware manufacturer.</p>
 <p class="paragraph">In the meantime, the AI industry continues to introduce better products, like Antrophic’s most recent launch, Claude 3 Opus.</p>
 <p class="paragraph">From an investment perspective, both assets are subject to high volatility and uncertainty. Technical indicators suggest that NVDA and RNDR could be overbought at this moment after the aforementioned impressive performances.</p>
 <p class="paragraph">For that reason, investors must act cautiously and apply proper risk management strategies.</p>
 <p class="paragraph"><strong><em>Disclaimer:</em></strong><em> The content on this site should not be considered investment advice. Investing is speculative. When investing, your capital is at risk.</em></p>
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<p>Source: <a rel="noopener noreferrer nofollow" target="_blank" href="https://thebittimes.com/render-rndr-the-nvidia-of-crypto-adds-2-billion-in-a-week-tbt82277.html">https://thebittimes.com/render-rndr-the-nvidia-of-crypto-adds-2-billion-in-a-week-tbt82277.html</a></p>

Render (RNDR) the Nvidia of crypto adds $2 billion in a week

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