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💫 The 15 blockchains with the most active addresses in April. $BTC $BNB $CHZ
💫 The 15 blockchains with the most active addresses in April.
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Nvidia's Rendering of 'Crypto' Draws Attention with a 40% Increase in One Week. These events, such as the Enterprise Generative AI Summit in California and Tech & AI LIVE in London on May 21, are contributing to growing global interest in AI technology. This renewed enthusiasm could lead to further gains for AI assets like Render (RNDR), the 'Nvidia of Crypto'. Especially the recently revived optimism has caused an increase in Render. The price has risen nearly 50% in the past week and its market cap has increased by more than $1 billion, pushing Render from $3.1 billion to the $4.4 billion threshold. #Render is a decentralized GPU rendering platform that leverages blockchain technology to connect artists and creators with GPU power. The notable feature of the project is that it allows users to rent unused GPU processing power to others who need service delivery. Render aims to democratize access to high-performance computing resources by building a global decentralized rendering network. Similarly, Nvidia is a leading #GPU manufacturer that shares market and industry similarities with Render. Both organizations benefit significantly from the growing interest in artificial intelligence technologies. In summary, Render offers advantages such as lower costs and taking advantage of underutilized GPU power compared to traditional rendering services. Additionally, it provides a decentralized alternative to centralized processing farms, increasing flexibility and reducing potential points of failure. $BTC $RNDR
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Good news for Shiba Inu (SHIB) investors: The rally may be imminent! Shiba Inu (SHIB) lost 20 percent of its value in the monthly period with the sharp declines it has experienced recently. During this period, SHIB's market value fell below 13.5 billion dollars. Although the situation is bad in #SHIB , analysts are not panicking. On the contrary, many famous names believe that the popular coin is preparing for a new bull run. One of these analysts is Del Crxpto, who has approximately 100,000 followers on X. The famous analyst said what is coming in SHIB and why he invested in SHIB: “I see the future, I know what awaits SHIB. I will not share this information as I do not want to spoil my relations with #SHIB . But I will tell you this: I save SHIB!” Another analyst, Ali Martinez, who evaluated the Shiba Inu ecosystem, stated that a bull flag was formed in the technical structure of Memecoin, which signaled an increase of 300. Analysts such as Rekt Capital and CRYPTO SHERIFF also made price predictions for #SHIB . Rekt Capital claimed that SHIB has reached price levels in 2022 and that the asset will rise at triple-digit rates if the critical resistance at $0.00002741 is passed. CRYPTO SHERIFF, on the other hand, predicted a 350 percent rise for #SHIB and argued that the breakout had already occurred. $BTC $ETH $BNB
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💫 The most popular cryptocurrencies of the day according to social activity.
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A signal came from Apple: That altcoin has its eyes on ATH! #Render (RNDR) rose 11 percent after Apple mentioned Octane, a 3D design software powered by Render Network, in its M4 chip presentation. Tim Millet, Apple's vice president of platform architecture, mentioned the software in his opening speech, which attracted the attention of investors. It was credited by many commentators for contributing to the rally the #RNDR price experienced last week. Participants noted the software's performance on the new iPad and commented, "Professional rendering apps like Oktane will definitely fly." “You can literally see the $RNDR logo in the video,” crypto influencer D0c Crypto said in a May 7 post. The 11 percent price increase following the May 8 announcement contributed to RNDR's overall 40 percent increase over the past seven days. Another crypto influencer, Mister Crypto, told his 104,700 X followers on May 9: “Bitcoin is falling, but RNDR doesn't care.” Meanwhile, other artificial intelligence (AI) coins were generally bullish this week; Fetch.ai (#FET ) is up 12.88 percent, The Graph (#GRT. ) is up 20.28 percent, and SingularityNET (AGIX) is up 16.18 percent. In the coming weeks, investors are preparing to watch AI coins closely as Nvidia, one of the largest manufacturers of graphics processing units (GPUs), releases its first quarter 2024 earnings report on May 22. Investors have in the past attributed the AI token price movement to the performance of Nvidia shares. Most recently, in April, when AI tokens experienced a slight decline overall, traders saw this as a buying opportunity ahead of Nvidia's earnings report in May. Crypto trader CryptoGodJohn told his 668,100 Since then, Render is up 33 percent and Fetch.ai is up 6.5 percent. As many AI coins rallied last week, Nvidia's shares hit a 30-day high on May 6, kicking off the trading week at $921.40, according to Google Finance data. $FET $AGIX
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