TL;DR
- RNDR experiences a 7.7% increase after Apple highlighted the Octane software in a promotional video.
- The mention was confirmed by Render after the platform shared the video on its social media.
- Despite the volatility of the crypto market, RNDR shows notable resilience, gaining value while other digital assets face difficulties.
The RNDR token, linked to the Render Network platform, has seen a 7.7% increase in its price after Apple highlighted the Octane software in a promotional video. Its upward trend follows a week of continuous growth, during which RNDR increased in value by over 43%, reaching a peak near $11.60.
In the promotional video, Tim Millet, Apple’s vice president of platform architecture. Praised Render’s Octane software for harnessing the rendering power of the new iPads’ M4 chip. Apple’s public recognition of Octane has generated considerable interest in the platform. As Octane software is backed by the Render network, allowing artists to scale their rendering work efficiently using GPU nodes.
The confirmation that Apple’s mention refers to Render’s software was provided by the platform itself when sharing the video on its social media. The endorsement by a leading company like Apple has boosted confidence in the utility of Octane and the Render platform. Catalyzing the increase in the price of RNDR in the market.
Render Withstands Crypto Market Volatility
The increase in RNDR’s price is particularly notable given the recent volatility of the crypto market. Which has experienced strong fluctuations due to Bitcoin’s instability, facing constant falls and recoveries. RNDR has demonstrated remarkable resilience, gaining value even when other digital assets have faced serious difficulties in staying afloat.
This particular episode demonstrates the power of partnerships and recognition from major companies like Apple to influence the crypto market. The mention of Octane in the promotional video has not only boosted the price of RNDR but has also helped highlight the importance of rendering technology.
According to the latest Coinmarketcap data, RNDR continues to maintain its upward trend. It is currently trading at $11.48, showing a 7.77% increase in the last 24 hours, with its market capitalization reaching $4,460,126,386.
