The number of transactions with a well-known AI token has increased sharply by 140% per day

Cryptocurrency experts note: The AI token Render (RNDR) has demonstrated an increase in some of its key indicators despite the dynamics of the overall crypto market. According to the IntoTheBlock (ITB) analytical platform, the number of large Render transactions increased by 140% in 24 hours, which led to an increase in the token’s capitalization to $ 74.29 million.

Render’s market data shows that the digital asset has been recording a series of rises that are particularly unusual for coins of its status. Thus, the number of large transactions, which determines the movement of RNDR above $ 100,000, jumped from 23 as of April 7 to 60 as of April 9. The actual valuation of the token and its cash equivalent have also increased significantly over the past few days.

The impact of these jumps has also helped to solidify its position as one of the AI protocols with the most addresses generating the most revenue.

According to IntoTheBlock, the number of Render addresses that are «profitable» is 61,570, which is 74.13% of the total. Addresses that are not profitable amounted to 16,840, or 20.28% of the total, and addresses that are at or below the breakeven point amounted to 4,640, or 5.59% of the total.

Despite the bullish rise in these indicators, the price of Render (RNDR) is also still showing a bearish trend in the market as a whole. At the time of writing, RNDR is down 6.65% and is trading at $ 9.23 per token.