Tag: Nvidia

Render (RNDR) Skyrockets 40%: AI-Powered Crypto Faces Key Turning Point

In short, RENDER has managed to surge by over 40% in a month. It has become one of the finest AI-focused cryptos with a mindblowing $4.1B market cap. The decline in whale activity and weakening of Bollinger Bands signal lacky momentum. Top crypto Gs predict $8.29 resistance or $5.00 support levels. NVIDIA’s earnings may also influence performance, but still, caution surrounds RENDER’s long-term trajectory.

Render (RENDER) has become a major player in the AI crypto space, surging by 40% in the past month, now holding a market cap of $4.1 billion. It’s leading the charge for AI-focused cryptocurrencies, but the road ahead is all foggy, with some warning signs flashing.

One of the biggest upset for it can be the drops in whale investor activities. The number of large holders (those with 100,000 to 1 million coins) has decreased from 218 to 177 between November 1 and now. This strongly suggests a lost of confidence from major players which ultimately means, even though the price is up, volatility is inescapable.

Additionally, the Bollinger Bands Trend (BBTrend), a technical indicator, offers mixed signals. After hitting a three-month high of 29.7 on November 14, it has fallen sharply to around 6.4, showing a huge loss of momentum. While its still technically positive, this dip does raise concern on a longer run and hints sharply towards a reversal. Plus, there are very few whales backing up the coin to keep it afloat.

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Price Projections: Bulls vs. Bears

In a bullish scenario, analysts believe RENDER could push to resistance levels at $8.29 and possibly $9.47, which would be the highest price since May. But if the momentum goes numb, support levels could drop to $6.30, $5.80 or even as low as $5.00.

External Factors and Market Sentiment

Render’s performance could also be affected by some external factors like NVIDIA’s earnings report. Both RENDER and NVIDIA are heavily involved in GPU-powered technologies, so a strong report from NVIDIA could boost market confidence in RENDER. Some crypto analysts, like Rendoshi Tokamoto, have even praised RENDER’s chart, calling it “the best-looking in crypto,” suggesting there’s still potential for further growth.

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Amazon Accelerates AI Chip Development to Reduce Nvidia Reliance

Amazon is cooking up its own AI chips to cut costs and break free from Nvidia’s grip. Their brand new chip Trainium 2 drops in next month with big names such as Anthropic and Databricks already hopping on to test it. Amazon claims its Inferentia chips will save 40% on AI model costs, which makes it ready for big-time massive budgets. They’re pouring billions into tech, but with Nvidia’s still being the top dog, with its rank staying as much as Amazon’s entire AWS division.

Amazon is busy on developing its new artificial intelligence chips which is supposed to boost returns on its semiconductor investments and result in overall reduce in dependency on Nvidia. Its development is being led by Annapurna Labs, it acquired this lab in 2025 for $350 million.

Amazon says, this chip development aims to improve data centers efficiency and offers customers with tailored options in the cloud AI market. It will do so by optimizing chips for specific tasks, unlike Nvidia’s which focuses more on general purpose tools. Amazon claims their “Inferentia AI chips” to be 40% cheaper to run for general AI models response generation. This may actually not sound like it matters for small stuffs but is actually huge for budgets in the millions. They are also spending a lot, $75B on tech in 2024. Additionally, this is still lot more considering their 2023 budget, and it is probably going to have gone up even further the next year. According to an Annapurna official, maintaining smooth operations requires developing entire systems from the ground up rather than merely designing chips.

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Amazon has made numerous tries, but it has yet to match Nvidia’s dominance in AI chips. According to reports, Nvidia made $26.3 billion in sales from AI data center chips in just its second fiscal quarter of 2024, which is equal to the whole revenue for Amazon’s AWS division during the same time frame.

AI Tokens Surge as Nvidia Overtakes Apple in Market Valuation

Summary

AI tokens are absolutely popping off right now and a lot of the hype can be credited to Nvidia, which has once again passed Apple on market cap. This is the second time Nvidia has pushed further than Apple and now the AI crowd is stoked. This really sets a strong base for the future of Nvidia where it rules over AI and GPU game.

Reports on Tuesday say market cap of Nvidia reached $3.43 trillion which is a nick above Apple’s $3.4 trillion market cap. Nvidia has done it two times now and the whole AI segment is thrilled about it.

AI tokens Surge

NEAR’s up 13.7% in the last 24 hours. As of November 6 2024, whole AI token market’s worth around $33.92 billion, with NEAR holding a $5.12 billion stake. One major reason behind this positive pumps in AI tokens is US election projections. Trump, who has always talked positively about advancing crypto further, has sat on his throne in the White House. It will surely bring crypto-friendly vibes all around the globe in the future.

Additionally FET (Artificial SuperIntelligence Alliance) is up by 22.64%, Injective (INJ) has also jumped by 22.43% are two of the most gains made by AI tokens. FET’s at $1.40 and aims to touch $2 mark by the end of December and INJ’s trading at $20.54 which could potentially hit $22.63 which is a leap by 28.56%.

Some other AI tokens like Internet Computer’s $ICP, TAO and Render have also experienced major boosts. AI tokens fueled by Nvidia see this common trend of surging which is most probably because of its fast-evolving tech. Meanwhile Apple is focusing on its Apple Intelligence suite to stay in the game.

The AI token space is also looking to change fast with its new integrations and debates on data privacy and computational power. Plus Trump’s pro-crypto stance could bring even better regulations in the future.

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