Render

Velar

Monster

<div class="finbold">
 <p class="paragraph">With the majority of assets in the <a rel="noopener noreferrer nofollow" title="crypto" href="https://thebittimes.com/tag/crypto.html">crypto</a>currency sphere recording a bullish streak, things are looking up for one specific artificial intelligence (AI) token, popularly known as the ‘Nvidia of <a rel="noopener noreferrer nofollow" title="crypto’" href="https://thebittimes.com/tag/crypto.html">crypto’</a> as well, which is eyeing significant gains as an important <a rel="noopener noreferrer nofollow" title="earnings" href="https://thebittimes.com/tag/earnings.html">earnings</a> call awaits.</p>
 <p class="paragraph">Specifically, Render (RNDR), often referred to as the ‘Nvidia of crypto’ due to its specialization and explosive growth similar to that of Nvidia (NASDAQ: NVDA), is targeting $20, according to the observations shared by pseudonymous crypto analyst <em>D0c Crypto </em>in an X post on May 21.</p>
 <h2 class="wp-block-heading" id="h-render-price-prediction-2024">Render price prediction 2024</h2>
 <p class="paragraph">Indeed, the crypto expert also pointed out that Render’s stochastic relative strength index (RSI) is demonstrating oversold conditions “on the weekly,” adding that Nvidia’s first-quarter fiscal 2025 earnings report, which many expect to be exceedingly positive, is launching on May 22, possibly triggering the “AI season 3.0.”</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"> 
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 <figure class="wp-block-image size-full"><img decoding="async" width="800" height="371" src="https://cdn.thebittimes.com/images/2024/05/21/f29dfbbd846273867dd9a392caab2d75.webp" alt="" class="wp-image-177345" srcset="https://cdn.thebittimes.com/images/2024/05/21/f29dfbbd846273867dd9a392caab2d75.webp 800w, https://cdn.thebittimes.com/images/2024/05/21/f29dfbbd846273867dd9a392caab2d75.webp 300w, https://cdn.thebittimes.com/images/2024/05/21/f29dfbbd846273867dd9a392caab2d75.webp 768w" sizes="(max-width: 800px) 100vw, 800px">
  <figcaption class="wp-element-caption"><em>Render price action <a rel="noopener noreferrer nofollow" title="Category Analysis" href="https://thebittimes.com/analysis.html">Analysis</a>. Source: </em><em>D0c Crypto</em>
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 <h2 class="wp-block-heading" id="h-render-price-<a rel=" dofollow title="Category Analysis" href="https://thebittimes.com/analysis.html" rel="noopener noreferrer nofollow">Analysis"&gt;Render price <a rel="noopener noreferrer nofollow" title="Category Analysis" href="https://thebittimes.com/analysis.html">Analysis</a></h2>
 <p class="paragraph">For now, Renders is changing hands at the price of $11.04, suggesting an increase of 8.16% in the last 24 hours, as well as an 8.57% advance across the previous seven days, as it accumulates a gain of 23.45% on its monthly chart, according to the latest data on May 21.</p>
 <figure class="wp-block-image size-full"><img decoding="async" width="750" height="496" src="https://cdn.thebittimes.com/images/2024/05/21/324c179cbb0e790e7134f283c2024026.webp" alt="Render price 30-day chart. Source: Finbold" class="wp-image-177344" srcset="https://cdn.thebittimes.com/images/2024/05/21/324c179cbb0e790e7134f283c2024026.webp 750w, https://cdn.thebittimes.com/images/2024/05/21/324c179cbb0e790e7134f283c2024026.webp 300w" sizes="(max-width: 750px) 100vw, 750px">
  <figcaption class="wp-element-caption"><em>Render price 30-day chart. Source: </em><em>Finbold</em>
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 <p class="paragraph">Notably, Nvidia has long positioned itself as the leading provider of graphics processing units (GPUs), while the Render crypto asset belongs to a decentralized GPU network aiming to disrupt the rapidly growing market for 3D rendering in virtual worlds, augmented reality (AR), and the metaverse.</p>
 <p class="paragraph">Ultimately, thanks to its mission and continuous efforts, the ‘Nvidia of crypto’ might, indeed, proceed towards its next price target at $20 and continue beyond, but caution is necessary, and doing one’s own research is critical when investing, as things in the cryptoverse can sometimes change on a whim.</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-targets-20-ahead-of-earnings-call-tbt89150.html">https://thebittimes.com/nvidia-of-crypto-targets-20-ahead-of-earnings-call-tbt89150.html</a></p>

‘Nvidia of crypto’ targets $20 ahead of earnings call

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