"Get ready everyone, one way or another, other AI cryptos are going up."
Artificial Intelligence (AI)-related cryptocurrency Render (RNDR) surprised investors shortly after its price surged to $10.10 today from $6.80 on May 1, 2024.
There is no denying that volatility remains high at the moment, but RNDR has managed to maintain a Year-To-Date (YTD) growth of about 95.58% which outperforms AI tokens in the digital asset ecosystem.
As an AI protocol, RNDR is also designed as a GPU Rendering network to connect miners through GPU capabilities with artists and studios that need it then the cost in the AI ecosystem will be cheaper.
It is well known that many crypto protocols and Wall Street firms are riding the AI wave, for example NVIDIA is one of the biggest beneficiaries of AI following its valuation topping $2 trillion this year.
The streak, many analysts are very confident about NVIDIA due to their dominant GPU hardware and software that has put it as a leader in the AI race but it should be known that Apple is also expected to integrate AI in the iPhone.
The formation of the Artificial Superintelligence Alliance (ASI) by Fetch.ai (FET), SingularityNET (AGIX) and Ocean Protocol (OCEAN) is also a proof of the potential of AI that many people have seen since ASI has received the necessary support from the protocol community.
As of this writing, RNDR price jumped by 10.48% to $10.08 in the last 24 hours with a market capitalization of over $3 billion then recorded a 27.76% climb over the last week.
