The governance token of Render has been performing poorly in the past few days as the bears took control of the market. <\/p>\n
According to CoinGecko<\/a>, RNDR is down 7% in the past 24 hours, indicating that the general market downturn affected its upward momentum. However, external developments might help a bullish scenario to form.\u00a0<\/p>\n In the case of Render, its entry <\/a>to the AI space earlier this year will inevitably help the token reverse the bearishness surrounding the crypto market.<\/p>\n\n Stable Diffusion is LIVE on the #RNDR<\/a> site! @ProTharan<\/a>\u2018s awesome thread shows you how you can give it a try!<\/p>\n This is definitely a game-changer for the way AI technology will be used and deployed in the coming years! @RenderToken<\/a> & @StabilityAI<\/a> https:\/\/t.co\/ytHk7jth9M<\/a><\/p>\n \u2014 Render Network | RNDR (@RenderToken) April 17, 2023<\/a><\/p>\n The new wave of AI announcements by corporate heavyweights may help revive prices of AI-based crypto assets like Render, SingularityNET, and Fetch.ai.<\/p>\n Recently, tech giant Microsoft experienced<\/a> a bout of bullishness a few months after announcing its $10 billion investment in OpenAI, the creator of the popular AI tool, ChatGPT. <\/p>\n This was part of Microsoft\u2019s expansion into the artificial intelligence industry, with the company releasing<\/a> an AI chatbot for Bing, its in-house search engine.\u00a0<\/p>\n Microsoft is also planning to enter the crypto industry along with major players in the finance space. Bitcoinist has reported<\/a> yesterday that Goldman Sachs, Microsoft, and Deloitte are partnering up for a major blockchain partnership. Over 30 other companies will participate in this project set to be launched later this year.<\/p>\n Recent announcements from major US corporations including Meta, Humane, IBM, and Wendy\u2019s have also bolstered the narrative surrounding AI tokens.<\/a><\/p>\n If these innovative endeavors prove to be successful, the realm of AI on Render stands poised to undergo a profound transformation, whereby the emergence of AI-generated media, with its strikingly realistic and captivating attributes, shall undeniably become increasingly prevalent over the course of time.<\/p>\n While the impact of major corporations investing in blockchain and AI technology can be observed, the financial market is currently grappling with challenges.<\/p>\n The US economy is approaching a potential default<\/a> on its loans, leading some investors to anticipate a dampening of market sentiment due to forthcoming consumer price index data<\/a>.<\/p>\n\n At the time of writing, the bears have temporarily broken through the $1.76 support level. However, the bulls are picking up the slack, but short buyers still dominate the market by a small margin. <\/p>\n However, investors and traders can find reassurance in the Render Network\u2019s underlying fundamentals, which are poised to shape a bullish outlook.<\/p>\n With its venture into the AI realm and its utility in media creation, RNDR is poised to gain a significant advantage in the long term. However, on a broader scale, if the CPI data enters negative territory, the token might encounter additional market challenges.<\/p>\n -Featured image from Invezz<\/em><\/p>","protected":false},"excerpt":{"rendered":" <\/p>\n The governance token of Render has been performing poorly in the past few days as the bears took control of the market. <\/p>\n According to CoinGecko<\/a>, RNDR is down 7% in the past 24 hours, indicating that the general market downturn affected its upward momentum. However, external developments might help a bullish scenario to form.\u00a0<\/p>\n In the case of Render, its entry <\/a>to the AI space earlier this year will inevitably help the token reverse the bearishness surrounding the crypto market.<\/p>\n Stable Diffusion is LIVE on the #RNDR<\/a> site! @ProTharan<\/a>\u2018s awesome thread shows you how you can give it a try!<\/p>\n This is definitely a game-changer for the way AI technology will be used and deployed in the coming years! @RenderToken<\/a> & @StabilityAI<\/a> https:\/\/t.co\/ytHk7jth9M<\/a><\/p>\n \u2014 Render Network | RNDR (@RenderToken) April 17, 2023<\/a><\/p>\n The new wave of AI announcements by corporate heavyweights may help revive prices of AI-based crypto assets like Render, SingularityNET, and Fetch.ai.<\/p>\n Recently, tech giant Microsoft experienced<\/a> a bout of bullishness a few months after announcing its $10 billion investment in OpenAI, the creator of the popular AI tool, ChatGPT. <\/p>\n This was part of Microsoft\u2019s expansion into the artificial intelligence industry, with the company releasing<\/a> an AI chatbot for Bing, its in-house search engine.\u00a0<\/p>\n Microsoft is also planning to enter the crypto industry along with major players in the finance space. Bitcoinist has reported<\/a> yesterday that Goldman Sachs, Microsoft, and Deloitte are partnering up for a major blockchain partnership. Over 30 other companies will participate in this project set to be launched later this year.<\/p>\n Recent announcements from major US corporations including Meta, Humane, IBM, and Wendy\u2019s have also bolstered the narrative surrounding AI tokens.<\/a><\/p>\n If these innovative endeavors prove to be successful, the realm of AI on Render stands poised to undergo a profound transformation, whereby the emergence of AI-generated media, with its strikingly realistic and captivating attributes, shall undeniably become increasingly prevalent over the course of time.<\/p>\n While the impact of major corporations investing in blockchain and AI technology can be observed, the financial market is currently grappling with challenges.<\/p>\n The US economy is approaching a potential default<\/a> on its loans, leading some investors to anticipate a dampening of market sentiment due to forthcoming consumer price index data<\/a>.<\/p>\n At the time of writing, the bears have temporarily broken through the $1.76 support level. However, the bulls are picking up the slack, but short buyers still dominate the market by a small margin. <\/p>\n However, investors and traders can find reassurance in the Render Network\u2019s underlying fundamentals, which are poised to shape a bullish outlook.<\/p>\n With its venture into the AI realm and its utility in media creation, RNDR is poised to gain a significant advantage in the long term. However, on a broader scale, if the CPI data enters negative territory, the token might encounter additional market challenges.<\/p>\n -Featured image from Invezz<\/em><\/p>\n <\/p>\n","protected":false},"author":0,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"colormag_page_layout":"default_layout","_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[82],"tags":[],"class_list":["post-23719","post","type-post","status-publish","format-standard","hentry","category-blockchain"],"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/posts\/23719","targetHints":{"allow":["GET"]}}],"collection":[{"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/comments?post=23719"}],"version-history":[{"count":0,"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/posts\/23719\/revisions"}],"wp:attachment":[{"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/media?parent=23719"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/categories?post=23719"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/tags?post=23719"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}Big Tech Invests In Blockchain and AI \u2013 Here\u2019s What We Know<\/strong><\/h2>\n
Render\u2019s Foray Into AI Positions It For Long-Term Success<\/strong><\/h2>\n
Big Tech Invests In Blockchain and AI \u2013 Here\u2019s What We Know<\/strong><\/h2>\n
Render\u2019s Foray Into AI Positions It For Long-Term Success<\/strong><\/h2>\n