Render (RNDR) and The Graph (GRT) Prices Pumping – Here’s Why

Two cryptocurrency projects focused on artificial intelligence (AI) and data indexing have seen their native tokens surge dramatically in price over the last week. Render Network’s RNDR token and The Graph’s GRT token have pumped by double-digit percentages, outpacing many popular cryptocurrencies .

RNDR Price Spikes 45% in a Week

The price of RNDR has risen 17% today and 45% over the last 6 days. Trading volumes have nearly doubled over the past day.

According to analysis by altFINS, RNDR remains in a clear uptrend across short, medium and long-term timeframes.

A key driver of the ongoing price spike is strong earnings reported by Nvidia, a leading designer of graphics processing units (GPUs) for gaming, AI, and other applications. Nvidia’s results highlight the company’s dominant position in artificial intelligence, which is fuelling demand for its GPUs and related software.

Render Network is associated with AI and digital rendering through its focus on building a decentralized GPU rendering network. RNDR allows anyone to join and monetize their spare GPU resources for purposes like graphics rendering.

Source: altFINS – Start using it today

Based on altFINS analysis the token could see some profit-taking and consolidation around the $5-5.25 support zone before continuing its uptrend. Key resistance levels are at $6 and $8. Most of these have already played out as the token is now at $7.2 facing the next resistance at $8.

Explosion in Meme Coin Market; How to find potential successors to $WIF, $PEPE, and $BONK?🤫

The key? Getting in early, especially during the ICO phase. Check out NuggetRush today! This new memecoin combines play-to-earn gaming with authentic gold mining ventures. Seize the opportunity with ongoing presale prices! Plus, prepare for $NUGX’s upcoming launch on major exchanges.

Show more +

GRT Surges 90% in a Month

The Graph’s GRT token has spiked 18% today and 53% over the last 7 days. Trading volumes have increased by over 110% in the past week.

GRT has now gained almost 90% in the past month, which suggests it may have bottomed out after a prolonged bear market based on a tweet by CryptoBusy. The protocol indexes blockchain data and supports developers in building decentralized applications.

With the hype around AI tokens, The Graph provides essential infrastructure and has attracted renewed interest. Its technology enables applications to efficiently query blockchain networks like Ethereum and IPFS.

Both RNDR and GRT have benefited from bullish sentiment around the AI sector and their core utility for Web3 platforms. While short-term overbought conditions could lead to pullbacks, the overriding uptrends reflect growing development and adoption.

You may also be interested in:

Check NuggetRush ($NUGX)

Sponsored: Invest Responsibly, Do Your Own Research.
Being in its ICO stage, NuggetRush offers a prime opportunity for early investors to get in at potentially lower prices
A unique play-to-earn gaming platform in the memecoin market
The platform combines artisanal and gold mining with cryptocurrencies in an unusual gaming context, offering a distinctive and immersive experience
Fosters a strong community by encouraging physical meetups among members
NFT Integration with Prominent Characters
intelligent crypto
How are  regular people making returns of as much as 70% in a year with no risk?  By properly setting up a FREE Pionex grid bot - click the button to learn more.
Crypto arbitrage still works like a charm, if you do it right! Check out Alphador, leading crypto arbitrage bot to learn the best way of doing it.


Temitope Olatunji
Temitope Olatunji

Temitope is a seasoned writer with over four years of experience. He specializes in Web3 and FinTech topics and enjoys creating content in these areas. He holds both a bachelor's and master's degree in Linguistics. When not writing, he trades forex and plays video games.