- RENDER targets $9.21, fueled by GRT, FET, and Bitcoin dominance. Nvidia integration teases and the CEO’s GTC appearance signal strong growth potential.
- Nvidia’s new GPUs optimize OTOY’s Octane, benefiting RENDER’s decentralized network with AI-powered 3D capabilities.
- With a $1.73B market cap and institutional interest, the token is poised for gains as AI infrastructure demand surges, backed by tech giants.
RENDER is eyeing a bullish breakout as traders bet on the “Made in USA” token. The technical setup shows the token charting a channel on the hourly timeframe and consolidating within it. With support levels at $2.8, it is projected to hit $9.21.
Adding fuel to the token’s upside potential are GRT (The Graph), FET (Fetch.ai). However, Bitcoin’s growing dominance is key to sustain the token’s momentum. Besides that, traders should keep a eye on increasing volume and trendline breakouts for confirmation of the bullish trend.
Currently, sitting at $1.73 billion market cap, the token is poised for significant gains. Moreover, Nvidia, a US-based tech giant specilaizing in GPUs, have recently teased an integration with the crypto project . Also, Render Network founder and CEO of OTOY, Jules Urbach is slated to speak at the upcoming NVIDIA GTC 2024 conference.
This is significant because RENDER is a decentralized GPU network, and closer ties with Nvidia could significantly boost its adoption and capabilities. The crypto platform’s participation at the summit also signifies recognition from major institutions, thus boosting its legitimacy and potential in the long term.
Nvidia & RENDER: A Powerful Alliance in AI-Driven Graphics
For those new, OTOY, the company behind Render Network, announced the optimization of OctaneRender for NVIDIA’s RTX PRO 6000 Blackwell Server Edition GPUs. The 96GB VRAM offers complex neural models, blending CGI precision with generative AI. This, in turn, unlocks new creative workflows for 3D artists and content creators.
Besides NVIDIA, xAI, Microsoft, BlackRock, and MGX are also pushing AI infrastructure forward, the demand for compute power and decentralized AI solutions is expected to rise exponntially. With the smart money is betting big on AI, token like RENDER are positioned for massive upside.
The AI arms race is heating up! With Nvidia, xAI, Microsoft, BlackRock, and MGX pushing AI infrastructure forward, the demand for compute power and decentralized AI solutions will skyrocket.