Apple’s mention of Octane, a 3D design software powered by the Render Network, during its keynote presentation led to an 11% surge in Render Token (RNDR). This surge was also influenced by the overall positive market sentiment towards AI tokens, with other tokens like Fetch.ai, The Graph, and SingularityNET also seeing gains. The Fear and Greed Index indicated a sense of “greed” among investors, reaching a score of 66. Traders are closely monitoring AI tokens in anticipation of Nvidia’s Q1 2024 earnings report, as Nvidia’s performance historically influences AI token price action. The recent surge in AI tokens, combined with the upcoming earnings report, has increased investor interest in the AI sector. Overall, RNDR’s surge and the positive market sentiment towards AI tokens demonstrate their resilience to Bitcoin’s fluctuations and highlight the growing interest in AI technology in the market.
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Source link: https://medium.com/@cryptoniteuae/brief-apple-mention-sends-rndr-price-up-11-heres-why-8fd196358bcc?source=rss——artificial_intelligence-5
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Brief mention of Apple sends RNDR price soaring 11% #technology
Preeti
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