‘Nvidia of crypto’ rockets 40% in a week, adding over $1 billion
The anticipation of several upcoming AI events has sparked a bullish sentiment, leading to a resurgence in AI tokens. These events, such as the Enterprise Generative AI Summit in California and Tech & AI LIVE in London on May 21, contribute to renewed interest in artificial intelligence technology globally. This renewed enthusiasm may lead to further gains for AI assets, such as Render (RNDR), the ‘Nvidia of crypto .’ The renewed optimism has caused a surge in Render, with its price surging almost 50% in the past week, adding over $1 billion to its market cap, propelling it from a $3.1 billion to a $4.4 billion threshold. Picks for you Ripple v. SEC case update as of May 10, 2024 25 mins ago StaFi LSaaS Stack now supports EigenLayer LRT 30 mins ago Bull rally incoming as Ethereum whale stacks over $32M in ETH since May 2 hours ago Crypto insider turns $600 into $2.5 million of unrealized profits 2 hours ago RNDR market ...