Cryptocurrency sector’s many altcoins saw rises in March, while the past months highlighted a more magnificent outlook for an artificial intelligence (AI) token, known as ‘crypto’s Nvidia,’ which experienced growth of over 800% in the last year. Particularly, Render (RNDR), positioned as a significant AI infrastructure provider and dubbed ‘crypto’s Nvidia,’ saw a 812% increase over the last 12 months, climbing from $1.90 to $11.28 as of March 26th.
Render and Nvidia
Render aims to facilitate access to high-performance computing resources by allowing users to rent out their unused GPU processing power for Render tasks, thereby creating a global decentralized rendering network.
Therefore, the Render Network captured all the attention at NVIDIA GTC 2024, the biggest AI and GPU technology event of the year organized by Nvidia (NASDAQ: NVDA), where Render’s founder and CEO Jules Urbach presented his company’s vision in the distributed GPU computing field to the world.
Alongside Urbach, other industry leaders, including Near Protocol (NEAR) co-founder Illia Polosukhin, OpenAI COO Brad Lightcap, and others, participated in this event, which played a significant role in explaining the integration process between blockchain and AI, contributing to the RNDR token rally.
What Will the Render (RNDR) Token Be Worth?
On the other hand, RNDR, the native token of the decentralized GPU creation platform that connects artists and designers with GPU power using blockchain technology, also benefited from this process and saw a 56.18% increase over March, pleasing its investors.
When the calendars showed the middle of March, the RNDR token rose from a market value of $2.42 billion on March 5th to $4.78 billion on March 11th, adding more than $2 billion in a single week and capturing the market’s attention.
According to potential RNDR token price analysis, based on advanced AI algorithms’ projections, RNDR could reach $38.05 in the next month and then stabilize at $30.90 over the following 12 months, resulting in increases of 237.32% and 173.94%, respectively.
Furthermore, as of the time of writing, the RNDR price is seen finding buyers at the level of $10.97, which indicates a decrease of 3.45%.
