{"id":16487,"date":"2023-05-31T22:39:44","date_gmt":"2023-06-01T02:39:44","guid":{"rendered":"https:\/\/ifintechworld.com\/markets\/crypto\/render-networks-rndr-token-outperforms-broader-crypto-market-mirrors-tech-stocks-as-nvidia-hits-1-trillion-market-cap\/"},"modified":"2023-05-31T22:39:45","modified_gmt":"2023-06-01T02:39:45","slug":"render-networks-rndr-token-outperforms-broader-crypto-market-mirrors-tech-stocks-as-nvidia-hits-1-trillion-market-cap","status":"publish","type":"post","link":"https:\/\/ifintechworld.com\/?p=16487","title":{"rendered":"Render Network&#8217;s RNDR Token Outperforms Broader Crypto Market, Mirrors Tech Stocks as NVIDIA Hits $1 Trillion Market Cap"},"content":{"rendered":"<div>\n<p>The decentralized GPU-based rendering solutions provider Render Network\u2019s native RNDR token has seen a wave of interest over the past month as the narrative around artificial intelligence (AI) continues to strengthen.<\/p>\n<p>In the past 30 days, the token has outperformed the broader crypto market, instead following tech stocks such as Nvidia higher as major cryptos like Bitcoin (BTC) and Ether (ETH) have seen falling or stagnant prices.<\/p>\n<p>Since the beginning of May, RNDR is now up close to 5% to a price of $2.5.<\/p>\n<p>Over the same time period, Nvidia\u2019s stock \u2013 which recently hit a $1 trillion market cap \u2013 is up nearly 44%, fueled by high expectations related to AI chips that the company produces, including chips used by services like the AI chat robot ChatGPT.<\/p>\n<p>Meanwhile, the tech-focused Nasdaq index is up close to 9% during the month.<\/p>\n<p>Like for Nvidia, it is the current buzz surrounding AI that is the driver behind much of the interest in RNDR.<\/p>\n<p>According to the popular crypto analyst Jason Choi, more chatter about Render Network can now be heard in the crypto community given that it is among the crypto projects that most closely align with the current AI narrative.<\/p>\n<figure class=\"media\"><oembed data-embedo-height=\"400\" data-embedo-url=\"https:\/\/twitter.com\/mrjasonchoi\/status\/1661037710491144192\" loading=\"lazy\"><\/oembed><\/figure>\n<p>Notably, Render Networks\u2019s potential was also addressed in an update from Choi\u2019s crypto newsletter Blockcrunch last week, which hinted at a connection between the network and\u00a0 Apple\u2019s upcoming augmented and virtual reality (AR\/VR) headset.<\/p>\n<p>Apple is expected to officially reveal its new headset at its developer\u2019s conference starting June 5, with some, including popular crypto media personality Raoul Pal, predicting that the event \u201cwill show us the future of the Metaverse.\u201d<\/p>\n<figure class=\"media\"><oembed data-embedo-height=\"400\" data-embedo-url=\"https:\/\/twitter.com\/Diffusion_x\/status\/1662474003536048130\" loading=\"lazy\"><\/oembed><\/figure>\n<\/p><\/div>\n<p><script async src=\"\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><br \/>\n<br \/>Read the full article <a href=\"https:\/\/cryptonews.com\/news\/render-networks-rndr-token-outperforms-broader-crypto-market-mirrors-tech-stocks-as-nvidia-hits-1-trillion-market-cap.htm\" target=\"_blank\" rel=\"noopener\">here<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The decentralized GPU-based rendering solutions provider Render Network\u2019s native RNDR token has seen a wave of interest over the past month as the narrative around artificial intelligence (AI) continues to strengthen. In the past 30 days, the token has outperformed the broader crypto market, instead following tech stocks such as Nvidia higher as major cryptos [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":16488,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[243],"tags":[83],"class_list":["post-16487","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-crypto","tag-featured"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v20.6 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Render Network&#039;s RNDR Token Outperforms Broader Crypto Market, Mirrors Tech Stocks as NVIDIA Hits $1 Trillion Market Cap | iFintechWorld<\/title>\n<meta name=\"description\" content=\"The decentralized GPU-based rendering solutions provider Render Network\u2019s native RNDR token has seen a wave of interest over the past month as the\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/ifintechworld.com\/?p=16487\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Render Network&#039;s RNDR Token Outperforms Broader Crypto Market, Mirrors Tech Stocks as NVIDIA Hits $1 Trillion Market Cap | iFintechWorld\" \/>\n<meta property=\"og:description\" content=\"The decentralized GPU-based rendering solutions provider Render Network\u2019s native RNDR token has seen a wave of interest over the past month as the\" \/>\n<meta property=\"og:url\" content=\"https:\/\/ifintechworld.com\/?p=16487\" \/>\n<meta property=\"og:site_name\" content=\"iFintechWorld\" \/>\n<meta property=\"article:published_time\" content=\"2023-06-01T02:39:44+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-06-01T02:39:45+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/05\/ai.jpeg\" \/>\n\t<meta property=\"og:image:width\" content=\"1200\" \/>\n\t<meta property=\"og:image:height\" content=\"750\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"News Room\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"News Room\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/ifintechworld.com\/?p=16487#article\",\"isPartOf\":{\"@id\":\"https:\/\/ifintechworld.com\/?p=16487\"},\"author\":{\"name\":\"News Room\",\"@id\":\"https:\/\/ifintechworld.com\/#\/schema\/person\/6224724fd4116361255b179dc5c70b61\"},\"headline\":\"Render Network&#8217;s RNDR Token Outperforms Broader Crypto Market, Mirrors Tech Stocks as NVIDIA Hits $1 Trillion Market Cap\",\"datePublished\":\"2023-06-01T02:39:44+00:00\",\"dateModified\":\"2023-06-01T02:39:45+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/ifintechworld.com\/?p=16487\"},\"wordCount\":292,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\/\/ifintechworld.com\/#organization\"},\"keywords\":[\"Featured\"],\"articleSection\":[\"Crypto\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/ifintechworld.com\/?p=16487#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/ifintechworld.com\/?p=16487\",\"url\":\"https:\/\/ifintechworld.com\/?p=16487\",\"name\":\"Render Network's RNDR Token Outperforms Broader Crypto Market, Mirrors Tech Stocks as NVIDIA Hits $1 Trillion Market Cap | iFintechWorld\",\"isPartOf\":{\"@id\":\"https:\/\/ifintechworld.com\/#website\"},\"datePublished\":\"2023-06-01T02:39:44+00:00\",\"dateModified\":\"2023-06-01T02:39:45+00:00\",\"description\":\"The decentralized GPU-based rendering solutions provider Render Network\u2019s native RNDR token has seen a wave of interest over the past month as the\",\"breadcrumb\":{\"@id\":\"https:\/\/ifintechworld.com\/?p=16487#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/ifintechworld.com\/?p=16487\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/ifintechworld.com\/?p=16487#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/ifintechworld.com\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Render Network&#8217;s RNDR Token Outperforms Broader Crypto Market, Mirrors Tech Stocks as NVIDIA Hits $1 Trillion Market Cap\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/ifintechworld.com\/#website\",\"url\":\"https:\/\/ifintechworld.com\/\",\"name\":\"Repay Down\",\"description\":\"Latest Personal Finance News, Tips and Updates\",\"publisher\":{\"@id\":\"https:\/\/ifintechworld.com\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/ifintechworld.com\/?s={search_term_string}\"},\"query-input\":\"required name=search_term_string\"}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/ifintechworld.com\/#organization\",\"name\":\"Repay Down\",\"url\":\"https:\/\/ifintechworld.com\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/ifintechworld.com\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/04\/rep-logo-dark.png\",\"contentUrl\":\"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/04\/rep-logo-dark.png\",\"width\":558,\"height\":90,\"caption\":\"Repay Down\"},\"image\":{\"@id\":\"https:\/\/ifintechworld.com\/#\/schema\/logo\/image\/\"}},{\"@type\":\"Person\",\"@id\":\"https:\/\/ifintechworld.com\/#\/schema\/person\/6224724fd4116361255b179dc5c70b61\",\"name\":\"News Room\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/ifintechworld.com\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/04\/avatar_user_1_1682606986-96x96.png\",\"contentUrl\":\"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/04\/avatar_user_1_1682606986-96x96.png\",\"caption\":\"News Room\"},\"sameAs\":[\"https:\/\/ifintechworld.com\"],\"url\":\"https:\/\/ifintechworld.com\/?author=1\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Render Network's RNDR Token Outperforms Broader Crypto Market, Mirrors Tech Stocks as NVIDIA Hits $1 Trillion Market Cap | iFintechWorld","description":"The decentralized GPU-based rendering solutions provider Render Network\u2019s native RNDR token has seen a wave of interest over the past month as the","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/ifintechworld.com\/?p=16487","og_locale":"en_US","og_type":"article","og_title":"Render Network's RNDR Token Outperforms Broader Crypto Market, Mirrors Tech Stocks as NVIDIA Hits $1 Trillion Market Cap | iFintechWorld","og_description":"The decentralized GPU-based rendering solutions provider Render Network\u2019s native RNDR token has seen a wave of interest over the past month as the","og_url":"https:\/\/ifintechworld.com\/?p=16487","og_site_name":"iFintechWorld","article_published_time":"2023-06-01T02:39:44+00:00","article_modified_time":"2023-06-01T02:39:45+00:00","og_image":[{"width":1200,"height":750,"url":"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/05\/ai.jpeg","type":"image\/jpeg"}],"author":"News Room","twitter_card":"summary_large_image","twitter_misc":{"Written by":"News Room","Est. reading time":"1 minute"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/ifintechworld.com\/?p=16487#article","isPartOf":{"@id":"https:\/\/ifintechworld.com\/?p=16487"},"author":{"name":"News Room","@id":"https:\/\/ifintechworld.com\/#\/schema\/person\/6224724fd4116361255b179dc5c70b61"},"headline":"Render Network&#8217;s RNDR Token Outperforms Broader Crypto Market, Mirrors Tech Stocks as NVIDIA Hits $1 Trillion Market Cap","datePublished":"2023-06-01T02:39:44+00:00","dateModified":"2023-06-01T02:39:45+00:00","mainEntityOfPage":{"@id":"https:\/\/ifintechworld.com\/?p=16487"},"wordCount":292,"commentCount":0,"publisher":{"@id":"https:\/\/ifintechworld.com\/#organization"},"keywords":["Featured"],"articleSection":["Crypto"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/ifintechworld.com\/?p=16487#respond"]}]},{"@type":"WebPage","@id":"https:\/\/ifintechworld.com\/?p=16487","url":"https:\/\/ifintechworld.com\/?p=16487","name":"Render Network's RNDR Token Outperforms Broader Crypto Market, Mirrors Tech Stocks as NVIDIA Hits $1 Trillion Market Cap | iFintechWorld","isPartOf":{"@id":"https:\/\/ifintechworld.com\/#website"},"datePublished":"2023-06-01T02:39:44+00:00","dateModified":"2023-06-01T02:39:45+00:00","description":"The decentralized GPU-based rendering solutions provider Render Network\u2019s native RNDR token has seen a wave of interest over the past month as the","breadcrumb":{"@id":"https:\/\/ifintechworld.com\/?p=16487#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/ifintechworld.com\/?p=16487"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/ifintechworld.com\/?p=16487#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/ifintechworld.com\/"},{"@type":"ListItem","position":2,"name":"Render Network&#8217;s RNDR Token Outperforms Broader Crypto Market, Mirrors Tech Stocks as NVIDIA Hits $1 Trillion Market Cap"}]},{"@type":"WebSite","@id":"https:\/\/ifintechworld.com\/#website","url":"https:\/\/ifintechworld.com\/","name":"Repay Down","description":"Latest Personal Finance News, Tips and Updates","publisher":{"@id":"https:\/\/ifintechworld.com\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/ifintechworld.com\/?s={search_term_string}"},"query-input":"required name=search_term_string"}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/ifintechworld.com\/#organization","name":"Repay Down","url":"https:\/\/ifintechworld.com\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/ifintechworld.com\/#\/schema\/logo\/image\/","url":"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/04\/rep-logo-dark.png","contentUrl":"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/04\/rep-logo-dark.png","width":558,"height":90,"caption":"Repay Down"},"image":{"@id":"https:\/\/ifintechworld.com\/#\/schema\/logo\/image\/"}},{"@type":"Person","@id":"https:\/\/ifintechworld.com\/#\/schema\/person\/6224724fd4116361255b179dc5c70b61","name":"News Room","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/ifintechworld.com\/#\/schema\/person\/image\/","url":"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/04\/avatar_user_1_1682606986-96x96.png","contentUrl":"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/04\/avatar_user_1_1682606986-96x96.png","caption":"News Room"},"sameAs":["https:\/\/ifintechworld.com"],"url":"https:\/\/ifintechworld.com\/?author=1"}]}},"amp_enabled":true,"_links":{"self":[{"href":"https:\/\/ifintechworld.com\/index.php?rest_route=\/wp\/v2\/posts\/16487","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/ifintechworld.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/ifintechworld.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/ifintechworld.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/ifintechworld.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=16487"}],"version-history":[{"count":1,"href":"https:\/\/ifintechworld.com\/index.php?rest_route=\/wp\/v2\/posts\/16487\/revisions"}],"predecessor-version":[{"id":16489,"href":"https:\/\/ifintechworld.com\/index.php?rest_route=\/wp\/v2\/posts\/16487\/revisions\/16489"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/ifintechworld.com\/index.php?rest_route=\/wp\/v2\/media\/16488"}],"wp:attachment":[{"href":"https:\/\/ifintechworld.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=16487"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ifintechworld.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=16487"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ifintechworld.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=16487"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}