A crypto analyst considers the artificial intelligence coin RNDR. Accordingly, he describes it as a very promising investment in the artificial intelligence sector. Render Network aims to decentralize GPU power lease. It also partners with industry giants like Render Network, Apple, Microsoft, and Google.
AI coin reveals hope
Renowned crypto analyst Miles Deutsche offers insights on the artificial intelligence coin RNDR. He described Render Network’s RNDR token as a highly promising investment in artificial intelligence (AI). Deutsche states that the artificial intelligence technology industry will reach $97.9 billion by 2023. He also argued that it is expected to witness a significant triple increase in investments. Deutsche points out that the demand for GPU power is increasing with the development of artificial intelligence. Accordingly, he believes Render Network will stand out in offering a decentralized solution.
The artificial seka coin Render Network is a blockchain-based platform that allows users to lease their GPU power to those who need rendering services such as 3D modeling, animation, and graphics rendering. It is intertwined with applications in a variety of industries, including gaming, NFT rendering, metaverse development, architecture and animation. The analyst stated that Render Network is ready to take advantage of the increasing demand for computational resources.
Causes of growth
Deutsche also bases its assessment of the potential of the artificial intelligence coin RNDR for a reason. Accordingly, he based it on the strategic partnerships Render Network established with industry giants such as Apple, Microsoft and Google. According to analysts, these collaborations further increase the growth and adoption potential of Render Network. For example, it is important to integrate Octane X, a popular rendering product, with the Render Network. Because it will provide smooth rendering on iPhones and iPads.
RNDR is a utility token used to pay for rendering services in the Render Network ecosystem. It provides access to premium features such as priority processing and high-power nodes. It has a total supply of 531 million tokens. With a circulating supply of 389 million, RNDR is currently among the top 50 coins with the most significant market capitalization. It also has a market capitalization of $1.13 billion. cryptocoin.com When we look at it as a whole, we are in a period where the tokens in the artificial intelligence coin are on the agenda. If there is a new enthusiasm in the crypto money world, the reason for this enthusiasm may be the artificial intelligence coin. Accordingly, it should be said that new developments in the field of technology will pave the way for these tokens. On the other hand, if China-based cryptocurrencies are involved, then we will talk about different developments. Although we talk about SEC-oriented crises, the upcoming time periods seem to be pregnant with very different developments.
