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Render (RNDR) has taken a share of the incredible rise experienced by NVIDIA in recent weeks and seems to be starting to be recognized as the “Nvidia of crypto” by some circles. During this period, it attracted attention by experiencing a market value increase of 2 billion dollars within a week. Looking at this process, Render and Nvidia appear to be at the center of the growing interest in artificial intelligence (AI) technologies and show industrial similarities that benefit from the market structure.
RNDR and Nvidia Price Movements
Over the past week, Render’s market value rose from 2.42 billion dollars on March 5 to an impressive 4.78 billion dollars on March 11. Following this movement, its value increased by over 2 billion dollars, which also led to an increase in its price.
Serving as the project’s native token, RNDR has seen a rise of 2,732 percent from its lowest price level in December 2022 during the bear market period. Additionally, RNDR has increased by 677 percent over a one-year period and has risen by 215 percent since the beginning of the year, trading at 11.48 dollars per token.
On the other hand, NVDA’s impressive stock market performance has paved the way for Render to experience strong volatility. Nvidia’s stock has increased by 671 percent from its level in October 2022. Over a one-year period, it has achieved an increase of 236 percent and has shown an increase of 76.5 percent since the beginning of the year.
Comments on Render (RNDR)
To briefly mention Render, among its advantages are lower costs compared to traditional rendering services and the ability to benefit from underutilized GPUs, which it promises to its users.
Nevertheless, some disadvantages are also considered, such as potential security concerns and the complexity of the blockchain-based system.
Although Render and Nvidia serve in different areas, they are known to play significant roles in the GPU-focused industry. Despite all this, it is known that Render operates on a decentralized platform, while Nvidia is subject to a centralized system.
From an investment perspective, both assets have been highly volatile recently. Following the recent surge, there was a sharp price drop on the NVIDIA side, with the price melting by 10 percent within minutes. Therefore, investors should be cautious before executing their transactions.
