{"id":531020,"date":"2023-05-10T15:08:20","date_gmt":"2023-05-10T15:08:20","guid":{"rendered":"https:\/\/wncen.com\/?p=531020"},"modified":"2023-05-10T15:08:20","modified_gmt":"2023-05-10T15:08:20","slug":"render-rndr-solid-ai-prospects","status":"publish","type":"post","link":"https:\/\/wncen.com\/news\/render-rndr-solid-ai-prospects\/","title":{"rendered":"Render (RNDR) Poised To Weather Market Storm With Solid AI Prospects"},"content":{"rendered":"

The governance token of Render has been performing poorly in the past few days as the bears took control of the market. <\/span><\/p>\n

According to <\/span>CoinGecko<\/span><\/a>, RNDR is down 7% in the past 24 hours, indicating that the general market downturn affected its upward momentum. However, external developments might help a bullish scenario to form.\u00a0<\/span><\/p>\n

In the case of Render, its <\/span>entry <\/span><\/a>to the AI space earlier this year will inevitably help the token reverse the bearishness surrounding the crypto market.<\/span><\/p>\n

\"\"<\/p>\n

Source: Coingecko<\/pre>\n
\n
\n
Stable Diffusion is LIVE on the #RNDR<\/a> site! \ud83d\ude31@ProTharan<\/a>‘s awesome thread shows you how you can give it a try!<\/p>\n
This is definitely a game-changer for the way AI technology will be used and deployed in the coming years! @RenderToken<\/a> & @StabilityAI<\/a> \ud83e\uddbe https:\/\/t.co\/ytHk7jth9M<\/a><\/p>\n
\u2014 Render Network | RNDR (@RenderToken) April 17, 2023<\/a><\/p><\/blockquote>\n
Big Tech Invests In Blockchain and AI – Here\u2019s What We Know<\/strong><\/h2>\n
The new wave of AI announcements by corporate heavyweights may help revive prices of AI-based crypto assets like Render, SingularityNET, and Fetch.ai.<\/p>\n
Recently, tech giant Microsoft <\/span>experienced<\/span><\/a> a bout of bullishness a few months after announcing its $10 billion investment in OpenAI, the creator of the popular AI tool, ChatGPT. <\/span><\/p>\n
This was part of Microsoft\u2019s expansion into the artificial intelligence industry, with the company <\/span>releasing<\/span><\/a> an AI chatbot for Bing, its in-house search engine.\u00a0<\/span><\/p>\n
Microsoft is also planning to enter the crypto industry along with major players in the finance space. Bitcoinist has reported<\/a> yesterday that <\/span>Goldman Sachs, Microsoft, and Deloitte are partnering up for a major blockchain partnership. Over 30 other companies will participate in this project set to be launched later this year.<\/span><\/p>\n
Recent announcements from major US corporations including Meta, Humane, IBM, and Wendy’s have also bolstered the narrative surrounding AI tokens.<\/a><\/p>\n
\n
Related Reading:  PEPE Token Futures Cast Gloom For Investors As Prices Plummet By 45%<\/a><\/div>\n<\/div>\n
If these innovative endeavors prove to be successful, the realm of AI on Render stands poised to undergo a profound transformation, whereby the emergence of AI-generated media, with its strikingly realistic and captivating attributes, shall undeniably become increasingly prevalent over the course of time.<\/p>\n
\n
\n
\n
\n
\n
\n
Render’s Foray Into AI Positions It For Long-Term Success<\/strong><\/h2>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n
While the impact of major corporations investing in blockchain and AI technology can be observed, the financial market is currently grappling with challenges.<\/p>\n
The US economy is approaching a potential default<\/span><\/a> on its loans, leading some investors to anticipate a dampening of market sentiment due to forthcoming consumer price index data<\/span><\/a>.<\/p>\n
<\/p>\n
Crypto total market cap barely unchanged at $1.12 trillion. Chart: TradingView.com<\/a><\/pre>\n
Related Reading: Dogecoin Limps In A Bearish Market: What Traders Should Watch Out For<\/a><\/div>\n
At the time of writing, the bears have temporarily broken through the $1.76 support level. However, the bulls are picking up the slack, but short buyers still dominate the market by a small margin. <\/span><\/p>\n
However, investors and traders can find reassurance in the Render Network’s underlying fundamentals, which are poised to shape a bullish outlook.<\/p>\n
With its venture into the AI realm and its utility in media creation, RNDR is poised to gain a significant advantage in the long term. However, on a broader scale, if the CPI data enters negative territory, the token might encounter additional market challenges.<\/p>\n
-Featured image from Invezz<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"
The governance token of Render has been performing poorly in the past few days as the bears took control of the market. According to CoinGecko, RNDR is down 7% in the past 24 hours, indicating that the general market downturn affected its upward momentum. However, external developments might help a bullish scenario to form.\u00a0 In the case of Render, its entry to the AI space earlier this year will inevitably help the token reverse the bearishness surrounding the crypto market. Source: Coingecko Stable Diffusion is LIVE on the #RNDR site! \ud83d\ude31@ProTharan‘s awesome thread shows you how you can give it a try! This is definitely a game-changer for the way AI technology will be used and deployed in the coming years! @RenderToken & @StabilityAI \ud83e\uddbe https:\/\/t.co\/ytHk7jth9M \u2014 Render Network | RNDR (@RenderToken) April 17, 2023 Big Tech Invests In Blockchain and AI – Here\u2019s What We Know The new wave of AI announcements by corporate heavyweights may help revive prices of AI-based crypto assets like Render, SingularityNET, and Fetch.ai. Recently, tech giant Microsoft experienced a bout of bullishness a few months after announcing its $10 billion investment in OpenAI, the creator of the popular AI tool, ChatGPT. This was part of Microsoft\u2019s expansion into the artificial intelligence industry, with the company releasing an AI chatbot for Bing, its in-house search engine.\u00a0 Microsoft is also planning to enter the crypto industry along with major players in the finance space. Bitcoinist has reported yesterday that Goldman Sachs, Microsoft, and Deloitte are partnering up for a major blockchain partnership. Over 30 other companies will participate in this project set to be launched later this year. Recent announcements from major US corporations including Meta, Humane, IBM, and Wendy’s have also bolstered the narrative surrounding AI tokens. Related Reading: PEPE Token Futures Cast Gloom For Investors As Prices Plummet By 45% If these innovative endeavors prove to be successful, the realm of AI on Render stands poised to undergo a profound transformation, whereby the emergence of AI-generated media, with its strikingly realistic and captivating attributes, shall undeniably become increasingly prevalent over the course of time. Render’s Foray Into AI Positions It For Long-Term Success While the impact of major corporations investing in blockchain and AI technology can be observed, the financial market is currently grappling with challenges. The US economy is approaching a potential default on its loans, leading some investors to anticipate a dampening of market sentiment due to forthcoming consumer price index data. Crypto total market cap barely unchanged at $1.12 trillion. Chart: TradingView.com Related Reading: Dogecoin Limps In A Bearish Market: What Traders Should Watch Out For At the time of writing, the bears have temporarily broken through the $1.76 support level. However, the bulls are picking up the slack, but short buyers still dominate the market by a small margin. However, investors and traders can find reassurance in the Render Network’s underlying fundamentals, which are poised to shape a bullish outlook. With its venture into the AI realm and its utility in media creation, RNDR is poised to gain a significant advantage in the long term. However, on a broader scale, if the CPI data enters negative territory, the token might encounter additional market challenges. -Featured image from Invezz<\/p>\n","protected":false},"author":557,"featured_media":531032,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[3],"tags":[10151,1557,2850,3505,87765],"class_list":["post-531020","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-ai","tag-cryptocurrencies","tag-macroeconomics","tag-price-analysis","tag-rndr"],"acf":[],"yoast_head":"\nRender Poised To Weather Market Storm With Solid AI Prospects<\/title>\n<meta name=\"description\" content=\"The governance token of Render has been performing poorly in the past few days as the bears took control of the market. 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He finally settled down at a local news giant in his hometown in the Philippines for a decade, becoming a total news junkie. But then, something new caught his eye: cryptocurrency. It was like a treasure hunt mixed with storytelling - right up his alley! So, he landed a killer gig at NewsBTC, where he's one of the go-to guys for all things crypto. He breaks down this confusing stuff into bite-sized pieces, making it easy for anyone to understand (he salutes his management team for teaching him this skill). Think Christian's all work and no play? Not a chance! When he's not at his computer, you'll find him indulging his passion for motorbikes. A true gearhead, Christian loves tinkering with his bike and savoring the joy of the open road on his 320-cc Yamaha R3. Once a speed demon who hit 120mph (a feat he vowed never to repeat), he now prefers leisurely rides along the coast, enjoying the wind in his thinning hair. Speaking of chill, Christian's got a crew of furry friends waiting for him at home. Two cats and a dog. He swears cats are way smarter than dogs (sorry, Grizzly), but he adores them all anyway. Apparently, watching his pets just chillin\u2019 helps him analyze and write meticulously formatted articles even better. Here's the thing about this guy: He works a lot, but he keeps himself fueled by enough coffee to make it through the day - and some seriously delicious (Filipino) food. He says a delectable meal is the secret ingredient to a killer article. And after a long day of crypto crusading, he unwinds with some rum (mixed with milk) while watching slapstick movies. Looking ahead, Christian sees a bright future with NewsBTC. He says he sees himself privileged to be part of an awesome organization, sharing his expertise and passion with a community he values, and fellow editors - and bosses - he deeply respects. So, the next time you tread into the world of cryptocurrency, remember the man behind the words \u2013 the crypto crusader, the grease monkey, and the feline philosopher, all rolled into one.","sameAs":["jomarjet01"],"url":"https:\/\/wncen.com\/author\/jomarjet01\/"}]}},"parsely":{"version":"1.1.0","meta":{"@context":"https:\/\/schema.org","@type":"NewsArticle","headline":"Render (RNDR) Poised To Weather Market Storm With Solid AI Prospects","url":"http:\/\/wncen.com\/news\/render-rndr-solid-ai-prospects\/","mainEntityOfPage":{"@type":"WebPage","@id":"http:\/\/wncen.com\/news\/render-rndr-solid-ai-prospects\/"},"thumbnailUrl":"https:\/\/wncen.com\/wp-content\/uploads\/2023\/05\/a-38.png?resize=200%2C200","image":{"@type":"ImageObject","url":"https:\/\/wncen.com\/wp-content\/uploads\/2023\/05\/a-38.png?fit=704%2C347"},"articleSection":"Cryptocurrency Market News","author":[{"@type":"Person","name":"Christian Encila"}],"creator":["Christian Encila"],"publisher":{"@type":"Organization","name":"NewsBTC","logo":"https:\/\/wncen.com\/wp-content\/uploads\/2020\/06\/cropped-cropped-cropped-favicon.png?w=32"},"keywords":["ai","cryptocurrencies","macroeconomics","price analysis","rndr"],"dateCreated":"2023-05-10T15:08:20Z","datePublished":"2023-05-10T15:08:20Z","dateModified":"2023-05-10T15:08:20Z"},"rendered":"<script type=\"application\/ld+json\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@type\":\"NewsArticle\",\"headline\":\"Render (RNDR) Poised To Weather Market Storm With Solid AI Prospects\",\"url\":\"http:\\\/\\\/wncen.com\\\/news\\\/render-rndr-solid-ai-prospects\\\/\",\"mainEntityOfPage\":{\"@type\":\"WebPage\",\"@id\":\"http:\\\/\\\/wncen.com\\\/news\\\/render-rndr-solid-ai-prospects\\\/\"},\"thumbnailUrl\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2023\\\/05\\\/a-38.png?resize=200%2C200\",\"image\":{\"@type\":\"ImageObject\",\"url\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2023\\\/05\\\/a-38.png?fit=704%2C347\"},\"articleSection\":\"Cryptocurrency Market News\",\"author\":[{\"@type\":\"Person\",\"name\":\"Christian Encila\"}],\"creator\":[\"Christian Encila\"],\"publisher\":{\"@type\":\"Organization\",\"name\":\"NewsBTC\",\"logo\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2020\\\/06\\\/cropped-cropped-cropped-favicon.png?w=32\"},\"keywords\":[\"ai\",\"cryptocurrencies\",\"macroeconomics\",\"price analysis\",\"rndr\"],\"dateCreated\":\"2023-05-10T15:08:20Z\",\"datePublished\":\"2023-05-10T15:08:20Z\",\"dateModified\":\"2023-05-10T15:08:20Z\"}<\/script>","tracker_url":"https:\/\/cdn.parsely.com\/keys\/wncen.com\/p.js"},"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"https:\/\/wncen.com\/wp-content\/uploads\/2023\/05\/a-38.png?fit=704%2C347","amp_enabled":true,"_links":{"self":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts\/531020"}],"collection":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/users\/557"}],"replies":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/comments?post=531020"}],"version-history":[{"count":0,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts\/531020\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/media\/531032"}],"wp:attachment":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/media?parent=531020"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/categories?post=531020"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/tags?post=531020"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}