$RENDER Render tops the list of AI altcoins to watch this week, especially since the project is also a leading GPU computing platform for generative AI. Ahead of NVIDIA’s latest Q2 earnings, the RENDER token saw a strong rally. However, as soon as the report became public, the altcoin’s price dropped. This time, RENDER, currently at $7.59, is up 27% in the past seven days. Between September 28 and November 5, the AI altcoin was trading inside a descending triangle, which is bearish. But since the first week of this month, RENDER has broken out of the channel, invalidating the bearish thesis.
Nvidia (NVDC34) has once again beaten market expectations. The AI (Artificial Intelligence) giant had record revenue and a 168% increase in profit in the second quarter. As a result, it decided to buy back US$50 billion in shares.
Cryptocurrencies in the Artificial Intelligence (AI) sector are in the spotlight this last week of August, showing the best performances in the market. The rise is linked to expectations about Nvidia's second-half report, to be published next Wednesday (28).
Famous among gamers, Nvidia was the company that took the most advantage of the arrival of AIs.
After an 815% jump in its shares since November 2022, the date of ChatGPT's launch, Nvidia became the 2nd most valuable company in the world, behind only Apple.
$RENDER Ai's narrative is very strong and projects like Render are the best in AI, I see that they tend to come back strong, I bet on $20 soon... $SOL $BTC 🚀🚀🚀🔥🔥