The Render Network (RNDR) Continues Rally After 45% Surge this Week

TL;DR

• RNDR is the best performer amongst the top 100 cryptocurrencies by market cap over the last seven days.

• The rally comes as other major cryptocurrencies have suffered losses in recent days.

RNDR Tops Weekly Chart After 45% Gain

RNDR, the native coin of The Render Network, is the best performer amongst the top 100 cryptocurrencies over the last seven days. The coin has added 45% to its value over the last seven days, outperforming other major digital currencies.

Thanks to this rally, RNDR is now the 24th largest cryptocurrency by market cap. At press time, RNDR is trading at $10.73, up by more than 5% over the last 24 hours. 

#OctaneX was featured in today’s @Apple keynote!

Apple users can augment the massive increase in rendering power on the M4 with access to near unlimited high performance decentralized GPU compute power on @rendernetwork using Octane X. pic.twitter.com/WwfC8mIBB1

— The Render Network (@rendernetwork) May 7, 2024

The rally comes after The Render Network app, OctaneX, was featured in Apple’s Keynote earlier this week. Apple users can augment the massive increase in rendering power on the M4 with access to near unlimited high-performance decentralized GPU compute power on The Render Network using OctaneX.

RNDR’s positive performance comes as BTC continues to struggle. BTC has lost 2% of its value over the last 24 hours and is now trading at $61,489. Other major cryptocurrencies including Solana, Ethereum, Dogecoin, and Avalanche, are all trading in the red.

With the market’s mixed performance, the total crypto market cap has dropped by 1% in the last 24 hours and now stands at $2.28 trillion.