NVIDIA triggers the growth of digital AI tokens

The Render virtual AI token (RNDR) has shown significant growth over the past week. The cryptocurrency has risen by 33%.

The surge in RNDR’s value was the result of several factors, including the successful rebranding of the token and growing investor interest. After the rebranding, the daily trading volume of RNDR increased by 140%, which led to a price increase of almost 20%, approaching the resistance level of $ 7.

However, the overall decline in the cryptocurrency market has curbed further growth, and the token’s price dropped by 27% in early August. Nevertheless, the last few days have brought new momentum — Render has recovered and surpassed the $ 6 mark. This achievement pushed the token to the zone between $ 6 and $ 6.5, which is an important support level.

Analysts believe that NVIDIA’s next earnings report could be a key catalyst for further growth of RNDR. Some experts predict that the positive results of the report could push the price of the token to $ 10, although a short-term decline to $ 5.2 is possible before a new wave of growth.

This growth is also supported by Render’s close ties with NVIDIA, which adds to the optimism about the further development of this cryptocurrency.