Render

CryptoAI

Core

The ongoing price correction in the cryptocurrency landscape, where top cryptocurrencies like Bitcoin, Ethereum, Cardano, and others continue to struggle, amid this <a href="https://news.todayq.com/ai-token-skyrockets-despite-ongoing-correction-the-reason/">CryptoAI token</a> Render (RNDR), has gained massive attention from crypto enthusiasts. On March 18, 2024, Render’s RNDR token hit a new all-time high of $13.59, fueled by the recent announcement of the NVIDIA GTC24 event. Render Network announcement in NVIDIA GTC 
Earlier on March 14, 2024, Jules Urbach, the founder of Render Network, made a significant announcement of cutting-edge technologies including the HGX H200 GPU line, open-access Large Language Models (LLMs), and Tensor Core AI acceleration in RTX GPUs. During that time, it was expected that following this event, the RNDR price would have an impact, and that’s exactly what happened.&nbsp; 
Whereas on March 18, 2024, SpotOnChain made a post on X (previously Twitter) that Render’s RNDR token price hit its all-time high, and three whales deposited a massive 2.5 million RNDR tokens worth around $30.8 million to the centralized Exchange (CEX) and booked the profit from it. 
Out of these 3 crypto whales, one crypto whale address, 0x22f, has deposited a massive 1 million RNDR tokens worth around $11.3 million to Binance and made a profit of over $24.08 million. However, this crypto whale has made a return of 387%. As of writing, this whale holds nearly 1 million RNDR tokens worth around $12.49 million.&nbsp; 
Whereas, the other two crypto whales’ wallet addresses, 0x9f5 and 0x69f, had deposited over 1.5 million RNDR tokens worth around $19.5 million to Coinbase recently. However, these wallets are linked to a group that received 58.28 million of RNDR tokens from Render Network in 2022 when the token was trading near $1.41. RNDR token price-performance analysis 
Besides all these things, currently, the RNDR token is trading near $12.49, and in the last 24 hours, it experienced a price surge of over 12%. If we look at the performance of the RNDR token over a longer period, in the last 7 days, the RNDR token experienced a small gain of over 2%. Whereas, in the last 30 days, this token surged more than 120%.&nbsp; 
Despite price gain and impressive performance, the RNDR token’s 24-hour trading volume jumped by 74.70%, highlighting investors’ and institutional interest in the RNDR token. 
According to expert technical analysis, the RNDR token is looking bullish as it gave a breakout of its consolidation zone. However, if the RNDR token on a daily timeframe gives a candle closing above or near to its previous closing, then this week there is a possibility that the RNDR token will hit $15 level and make a new all-time high.

Render hits ATH of $13.59 after NVIDIA GTC, eyes on $15

Todayq News

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