{"id":607113,"date":"2024-05-09T01:00:54","date_gmt":"2024-05-09T01:00:54","guid":{"rendered":"https:\/\/wncen.com\/?p=607113"},"modified":"2024-06-11T07:00:02","modified_gmt":"2024-06-11T07:00:02","slug":"render-soars-50-in-1-week-whales-accumulating-as-apple-jumps-in","status":"publish","type":"post","link":"https:\/\/wncen.com\/news\/render-soars-50-in-1-week-whales-accumulating-as-apple-jumps-in\/","title":{"rendered":"Render Soars 50% In 1 Week: Whales Accumulating As Apple Jumps In"},"content":{"rendered":"

Render is on the move. Price statistics show that the coin is on an uptrend, rising by 50% in the last week due to surging trading volume. <\/span><\/p>\n

The uptick is primarily due to increased whale interest, which appears to be accumulating, moving RNDR from exchanges. At the same time, bulls are finding tailwinds following Apple’s decision to leverage Render in its Octane X rendering software.<\/span><\/p>\n

Whales Accumulating RNDR, Token Moved From Binance<\/span><\/h2>\n

Lookonchain\u00a0<\/span>data<\/span><\/a>\u00a0on May 8 shows that the RNDR leg up follows massive token withdrawals from Binance, one of the leading crypto exchanges. The analytics provider notes that one address, 0x15CF, withdrew 748,898 RNDR tokens (worth approximately $5.3 million) from Binance between April 30 and May.\u00a0<\/span><\/p>\n

Of note, Lookonchain analysts note, is that the address boasts of a remarkable track record with RNDR. The whale has profited on RNDR in six out of seven trades, raking over $3.5 million in profits.<\/span><\/p>\n

Related Reading: Bitcoin Suffers Massive Outflows Amid Crypto Market Uncertainty, Tops $284 Million<\/a><\/div>\n

Besides this, other withdrawals include 364,586 RNDR (worth over $3.68 million) by 0x1Cb7, who has previously made $480,000 on RNDR. Additionally, another transfer of 181,922 RNDR ( worth over $1.81 million) by 0xCA9C from Binance<\/a>.<\/span><\/p>\n

\"Whales
Whales turn a profit on RNDR | Source: Lookonchain via X<\/figcaption><\/figure>\n

Usually, transfers from centralized exchanges to external, non-custodial protocols or wallets are seen as bullish. This is because on Binance, for instance, RNDR or any other token holder can swap the token for another or cash, essentially liquidating and increasing supply. <\/span><\/p>\n

This is harder on non-custodial protocols because liquidity is challenging due to the absence of other crypto or fiat ramps.<\/span><\/p>\n

Apple Integration Boosts Demand<\/span><\/h2>\n

RNDR prices also rose following news that Apple would\u00a0<\/span>feature<\/span><\/a>\u00a0Render Network in its Octane X software. Octane X is a GPU renderer for macOS users. In a keynote, Apple said this software will empower artists with high rendering capabilities.<\/span><\/p>\n

Most importantly for RNDR holders, Apple content creators will leverage Render’s decentralized computing power whenever they need to process complex scenes and high-definition animations. By tapping into Render, artists will benefit from faster rendering times and lower costs typically incurred when producing high-quality videos or 3D modeling.<\/span><\/p>\n

Related Reading: Crypto Expert Weighs In On ETH\/BTC Pair\u2019s Recent Decline<\/a><\/div>\n

On Apple’s side, integrating Render and easing activity on its iCloud services helps reduce server workload, boosting efficiency. Additionally, analysts\u00a0<\/span>said<\/span><\/a> developers might gain access to Render via Apple’s developer tools. Subsequently, they can create more demanding models or files without expensive hardware.<\/span><\/p>\n

\"Render<\/a>
Render price trending upward on the daily chart | Source: RNDRUSDT on Binance, TradingView<\/a><\/figcaption><\/figure>\n

At spot rates, RNDR prices are firm, extending gains. It is up 50% from May lows as bulls target March highs of $13.<\/span><\/p>\n

Feature image from Shutterstock, chart from TradingView<\/div>\n","protected":false},"excerpt":{"rendered":"

Render is on the move. Price statistics show that the coin is on an uptrend, rising by 50% in the last week due to surging trading volume. The uptick is primarily due to increased whale interest, which appears to be accumulating, moving RNDR from exchanges. At the same time, bulls are finding tailwinds following Apple’s decision to leverage Render in its Octane X rendering software. Whales Accumulating RNDR, Token Moved From Binance Lookonchain\u00a0data\u00a0on May 8 shows that the RNDR leg up follows massive token withdrawals from Binance, one of the leading crypto exchanges. The analytics provider notes that one address, 0x15CF, withdrew 748,898 RNDR tokens (worth approximately $5.3 million) from Binance between April 30 and May.\u00a0 Of note, Lookonchain analysts note, is that the address boasts of a remarkable track record with RNDR. The whale has profited on RNDR in six out of seven trades, raking over $3.5 million in profits. Related Reading: Bitcoin Suffers Massive Outflows Amid Crypto Market Uncertainty, Tops $284 Million Besides this, other withdrawals include 364,586 RNDR (worth over $3.68 million) by 0x1Cb7, who has previously made $480,000 on RNDR. Additionally, another transfer of 181,922 RNDR ( worth over $1.81 million) by 0xCA9C from Binance. Usually, transfers from centralized exchanges to external, non-custodial protocols or wallets are seen as bullish. This is because on Binance, for instance, RNDR or any other token holder can swap the token for another or cash, essentially liquidating and increasing supply. This is harder on non-custodial protocols because liquidity is challenging due to the absence of other crypto or fiat ramps. Apple Integration Boosts Demand RNDR prices also rose following news that Apple would\u00a0feature\u00a0Render Network in its Octane X software. Octane X is a GPU renderer for macOS users. In a keynote, Apple said this software will empower artists with high rendering capabilities. Most importantly for RNDR holders, Apple content creators will leverage Render’s decentralized computing power whenever they need to process complex scenes and high-definition animations. By tapping into Render, artists will benefit from faster rendering times and lower costs typically incurred when producing high-quality videos or 3D modeling. Related Reading: Crypto Expert Weighs In On ETH\/BTC Pair\u2019s Recent Decline On Apple’s side, integrating Render and easing activity on its iCloud services helps reduce server workload, boosting efficiency. Additionally, analysts\u00a0said developers might gain access to Render via Apple’s developer tools. Subsequently, they can create more demanding models or files without expensive hardware. At spot rates, RNDR prices are firm, extending gains. It is up 50% from May lows as bulls target March highs of $13. Feature image from Shutterstock, chart from TradingView<\/p>\n","protected":false},"author":384,"featured_media":567132,"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":[215,92248,11392,92247,87765,91850,92249],"class_list":["post-607113","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-apple","tag-octane-x","tag-render","tag-render-price","tag-rndr","tag-rndr-price","tag-rndrusdt"],"acf":[],"yoast_head":"\nRender Soars 50% In 1 Week: Whales Accumulating As Apple Jumps In<\/title>\n<meta name=\"description\" content=\"Render is rallying, adding 50% in one week. 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His specialization in NFTs, blockchain, DeFi, and blockchain news for NewsBTC, combined with a background in mechanical engineering and over a decade of experience in journalism, has allowed him to craft over 10,000 news and feature articles over the past eight years. His diverse range of topics, including technology, Forex, and finance, reflects his comprehensive understanding of the crypto landscape. His technical expertise and analytical skills have been recognized and featured by leading news outlets such as Investing.com, CoinTelegraph, Entrepreneur, Forbes, and other authority sites. Notably, he broke key news, including the Ripple and MoneyGram partnership, cementing his position as a thought leader in crypto. The news exploded. Over 100,000 people devoured this meticulously crafted report, from seasoned investors to curious newcomers. His analysis wasn't just dry facts and figures; it crackled with insight, dissecting the implications of the partnership and its potential impact on the future of finance. His deep understanding of the financial markets, technological advancements, and blockchain developments has made him a respected voice in the industry. Dalmas is also the founder of BTC-Pulse, a crypto news site, further demonstrating his commitment to the field. He firmly believes that DeFi and NFTs are here to stay and will continue to drive financial inclusion. Coming from Nairobi, Kenya, it is easy to see the source of his inspiration: Across Africa, millions lack access to traditional banks. Remote villages, limited documentation, and high minimum balances create insurmountable barriers. DeFi, not just Maker or Aave, for example, but think of Bitcoin and USDT, cuts out the middleman. Forget banks with their limitations. Even so, DeFi isn't a magic solution. The continent still struggles with reliable internet access, and educational campaigns highlighting the benefits of this wonderful solution are insufficient. Moreover, even for those interested, understanding DeFi can look like learning a new language. Dalmas is here to help make the tech easy to understand and digestible, even for beginners. The story of DeFi in Africa is still being written. Challenges abound, but the promise of a more inclusive financial future is a powerful motivator. With innovation and collaboration, Dalmas firmly believes that DeFi could become the key to unlocking Africa's full economic potential. This possibility and its immense value motivate Dalmas to continue breaking key DeFi innovations and more across the globe. His engineering background further enhances his ability to deliver well-thought-out pieces that blend technical insight with clear, impactful reporting. Beyond his professional achievements, Dalmas is deeply passionate about technology and politics. Policies drive adoption, and being at the forefront and keeping up with how they evolve is crucial for the sphere to mature. When Dalmas is not closely monitoring the latest crypto events, he can be found in nature, exploring the picturesque countryside, and traveling with his family and friends. His love for adventure and discovery perfectly complements his investigative and reporting skills. 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