Generative AI

Render

<div class="finbold">
 <p class="paragraph">With Render (RNDR) returning above the psychologically important price level at $10, <a rel="noopener noreferrer nofollow" title="crypto" href="https://thebittimes.com/tag/crypto.html">crypto</a>currency market experts have observed that the token, popularly referred to as ‘Nvidia (NASDAQ: NVDA) of <a rel="noopener noreferrer nofollow" title="crypto" href="https://thebittimes.com/tag/crypto.html">crypto</a>,’ has flashed buy signals that could kick it off to $200.</p>
 <p class="paragraph">Specifically, after hitting a local bottom at $7, Render managed to gather bullish momentum last week that saw it advance over 27% during that period and cross the $10 level, gaining nearly 10% on the day, according to the most recent chart data obtained by Finbold on May 6.</p>
 <figure class="wp-block-image size-full"><img decoding="async" width="750" height="496" src="https://cdn.thebittimes.com/images/2024/05/06/e2caa5232e34f22439eb482532b7a955.webp" alt="Render price 24-hour chart. Source: Finbold" class="wp-image-174192" srcset="https://cdn.thebittimes.com/images/2024/05/06/e2caa5232e34f22439eb482532b7a955.webp 750w, https://cdn.thebittimes.com/images/2024/05/06/e2caa5232e34f22439eb482532b7a955.webp 300w" sizes="(max-width: 750px) 100vw, 750px">
  <figcaption class="wp-element-caption"><em>Render price 24-hour chart. Source: </em><em>Finbold</em>
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 <h2 class="wp-block-heading" id="h-bullish-signs-for-nvidia-of-crypto">Bullish signs for ‘Nvidia of crypto’</h2>
 <p class="paragraph">At the same time, Render’s recent gains have coincided with the artificial intelligence (AI) token’s growing number of <a rel="noopener noreferrer nofollow" title="crypto" href="https://thebittimes.com/tag/crypto.html">crypto</a> wallets and the relative strength index (RSI) increasing and breaking the 53 zone, a bullish sign earlier predicted by <em>Crypto Devil </em>in mid-April.</p>
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   <svg width="32" height="32" viewbox="0 0 32 32" fill="none" xmlns="//www.w3.org/2000/svg"><path d="M4 10.6665V25.3332C4 28.2678 6.392 29.3332 8 29.3332H28V26.6665H8.016C7.4 26.6505 6.66667 26.4078 6.66667 25.3332C6.66667 24.2585 7.4 24.0158 8.016 23.9998H28V5.33317C28 3.8625 26.804 2.6665 25.3333 2.6665H8C6.392 2.6665 4 3.73184 4 6.6665V10.6665ZM8 5.33317H25.3333V21.3332H6.66667V6.6665C6.66667 5.59184 7.4 5.34917 8 5.33317Z" fill="#EF4444"> 
    </path> <path d="M15.996 18.6668L20.4626 14.2815C20.738 14.0166 20.9571 13.6989 21.1068 13.3473C21.2564 12.9957 21.3336 12.6176 21.3336 12.2355C21.3336 11.8534 21.2564 11.4752 21.1068 11.1236C20.9571 10.7721 20.738 10.4543 20.4626 10.1895C19.9074 9.64148 19.1587 9.33422 18.3786 9.33422C17.5985 9.33422 16.8498 9.64148 16.2946 10.1895L15.996 10.4801L15.6973 10.1881C15.1423 9.64023 14.3938 9.33301 13.614 9.33301C12.8341 9.33301 12.0856 9.64023 11.5306 10.1881C11.2552 10.453 11.0361 10.7707 10.8865 11.1223C10.7368 11.4739 10.6597 11.852 10.6597 12.2341C10.6597 12.6162 10.7368 12.9944 10.8865 13.346C11.0361 13.6975 11.2552 14.0153 11.5306 14.2801L15.996 18.6668Z" fill="#EF4444"> 
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 <figure class="wp-block-image size-full"><img decoding="async" width="800" height="450" src="https://cdn.thebittimes.com/images/2024/05/06/b9467cb6939066e3cc7eb7b474f8e5d1.webp" alt="Render price action prediction from mid-April. Source: Crypto Devil" class="wp-image-174193" srcset="https://cdn.thebittimes.com/images/2024/05/06/b9467cb6939066e3cc7eb7b474f8e5d1.webp 800w, https://cdn.thebittimes.com/images/2024/05/06/b9467cb6939066e3cc7eb7b474f8e5d1.webp 300w, https://cdn.thebittimes.com/images/2024/05/06/b9467cb6939066e3cc7eb7b474f8e5d1.webp 768w" sizes="(max-width: 800px) 100vw, 800px">
  <figcaption class="wp-element-caption"><em>Render price action prediction from mid-April. Source: </em><em>Crypto Devil</em>
  </figcaption>
 </figure>
 <p class="paragraph">Meanwhile, <em>Mister Crypto, </em>a pseudonymous professional <a rel="noopener noreferrer nofollow" title="crypto" href="https://thebittimes.com/tag/crypto.html">crypto</a> trader with a massive following on social media platform X, has noticed Render’s bullish price action and has suggested that Render might hit a new all-time high (ATH) of $200 in this cycle, according to the X post on May 5.</p>
 <figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter">
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   <blockquote class="twitter-tweet" data-width="500" data-dnt="true">
    <p lang="en" dir="ltr">$RNDR will go to $200,00 this cycle IMO.<br><br>Are your bags prepared? pic.twitter.com/K7K7RdWgGU</p>— Mister Crypto (@misterrcrypto) May 5, 2024
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 </figure>
 <h2 class="wp-block-heading" id="h-ai-events-trigger-bullishness">AI events trigger bullishness</h2>
 <p class="paragraph">Notably, after sluggish price movements last month that saw Render decline a whopping 30% in a single month, the slew of upcoming AI events has triggered a bullish sentiment that has also seen other AI tokens wake up, also including the likes of Fetch.ai (FET), SingularityNET (AGIX), and others.</p>
 <figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter">
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   <blockquote class="twitter-tweet" data-width="500" data-dnt="true">
    <p lang="en" dir="ltr">Looks like #AI season is back<br><br>AI tokens are pumping due to the Upcoming AI events.$Rndr $Fet $Tao https://t.co/9xpsb0fnIh pic.twitter.com/Jb83Vj5qlr</p>— Mystery of Crypto (@Mysteryofcrypt) May 6, 2024
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 <p class="paragraph">Indeed, these events include the Enterprise Generative AI Summit in California on May 21, the Tech &amp; AI LIVE in London on the same day, and many more, as the revival of interest in AI technology sweeps multiple regions around the world and might usher more gains for AI assets like the ‘Nvidia of <a rel="noopener noreferrer nofollow" title="crypto" href="https://thebittimes.com/tag/crypto.html">crypto</a>.’</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/nvidia-of-crypto-flashes-buy-signal-200-on-the-horizon-tbt87535.html">https://thebittimes.com/nvidia-of-crypto-flashes-buy-signal-200-on-the-horizon-tbt87535.html</a></p>

‘Nvidia of crypto’ flashes buy signal; $200 on the horizon

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