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Nvidia's Rendering of 'Crypto' Draws Attention with a 40% Increase in One Week. These events, such as the Enterprise Generative AI Summit in California and Tech & AI LIVE in London on May 21, are contributing to growing global interest in AI technology. This renewed enthusiasm could lead to further gains for AI assets like Render (RNDR), the 'Nvidia of Crypto'. Especially the recently revived optimism has caused an increase in Render. The price has risen nearly 50% in the past week and its market cap has increased by more than $1 billion, pushing Render from $3.1 billion to the $4.4 billion threshold. #Render is a decentralized GPU rendering platform that leverages blockchain technology to connect artists and creators with GPU power. The notable feature of the project is that it allows users to rent unused GPU processing power to others who need service delivery. Render aims to democratize access to high-performance computing resources by building a global decentralized rendering network. Similarly, Nvidia is a leading #GPU manufacturer that shares market and industry similarities with Render. Both organizations benefit significantly from the growing interest in artificial intelligence technologies. In summary, Render offers advantages such as lower costs and taking advantage of underutilized GPU power compared to traditional rendering services. Additionally, it provides a decentralized alternative to centralized processing farms, increasing flexibility and reducing potential points of failure. $BTC $RNDR

Nvidia's Rendering of 'Crypto' Draws Attention with a 40% Increase in One Week.

These events, such as the Enterprise Generative AI Summit in California and Tech & AI LIVE in London on May 21, are contributing to growing global interest in AI technology. This renewed enthusiasm could lead to further gains for AI assets like Render (RNDR), the 'Nvidia of Crypto'.

Especially the recently revived optimism has caused an increase in Render. The price has risen nearly 50% in the past week and its market cap has increased by more than $1 billion, pushing Render from $3.1 billion to the $4.4 billion threshold.

#Render is a decentralized GPU rendering platform that leverages blockchain technology to connect artists and creators with GPU power. The notable feature of the project is that it allows users to rent unused GPU processing power to others who need service delivery. Render aims to democratize access to high-performance computing resources by building a global decentralized rendering network.

Similarly, Nvidia is a leading #GPU manufacturer that shares market and industry similarities with Render. Both organizations benefit significantly from the growing interest in artificial intelligence technologies.

In summary, Render offers advantages such as lower costs and taking advantage of underutilized GPU power compared to traditional rendering services. Additionally, it provides a decentralized alternative to centralized processing farms, increasing flexibility and reducing potential points of failure.
$BTC $RNDR

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Analyst: “The situation in Ethereum is worse than Bitcoin! ETH Urgently Needs to Break This Level to Rise!” As Bitcoin and altcoins continue to trend downward despite incoming positive economic data, analysts are predicting a deeper Bitcoin (BTC) price correction in the coming weeks due to selling from miners and general profit-taking. Speaking to Coindesk, FxPro senior market analyst Alex Kuptsikevich stated that there is a new wave of strengthening of the dollar and increasing demand for stocks, “The demand for risky assets is gradually decreasing, which causes Bitcoin to fall.”  said. “Bitcoin continues to test the strength of the 50-day moving average, but fails to find sufficient reason to move lower. “Such persistent testing of the lows sets the bears up for quick success towards their next target of $60,000.” Japanese crypto exchange BitBank analysts also evaluated #BTC movements. Pointing to miners for the decline in BTC, analysts said, "Bitcoin's potential to rise remains limited due to miners' demand for cash and sales. "Since May, the net position of Bitcoin miners (BTC in – BTC out) has been gradually decreasing, indicating that the Bitcoin network's operations have tightened after the halving in April."  said. “From a technical perspective, both Bitcoin and Ethereum are trending downwards, but #ETH looks worse than BTC. If ETH does not regain the $3,700 level soon, we may see more downside in the coming days and weeks. “$67,000 remains the critical level for #BTC , but my long-term bullish expectation continues.”$ $BTC $ETH
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Binance Will Support New Artificial Intelligence Altcoin: Listing Date Announced! Binance, the world's largest cryptocurrency exchange, announced that it will support the merger of 3 artificial intelligence altcoins. In the announcement made by Binance on June 14, it was stated that it will support the merger of Fetch.ai (FET), Ocean Protocol (OCEAN), and SingularityNET (AGIX) projects as #ASI . In the announcement, it was noted that deposits and withdrawals of FET, OCEAN and AGIX will be suspended as of July 7 at 06.30 CET. Binance will make a separate announcement after the event is completed to notify users when ASI deposits and withdrawals will be opened. Once the ASI conversion process is completed, deposits and withdrawals of #FET , #OCEAN and #AGIX tokens will not be supported. Conversion rates revealed Within the scope of Binance conversion; 1 FET = 1 ASI; 1 OCEAN = 0.433226 ASI; 1 AGIX = 0.433350 ASI, It will calculate based on the rates and the balances of users who have assets in the stock exchange will be automatically converted to ASI. At this point, users will not need to take any extra action. Binance will delist and cease trading on all spot trading pairs for FET, OCEAN and AGIX as of June 7 at 06:00 UTC. In this context, AGIX/BTC, AGIX/FDUSD, AGIX/TRY, AGIX/USDT, FET/BNB, FET/BTC, FET/BRL, FET/FDUSD, FET/TRY, FET/USDC, FET/USDT, OCEAN/BNB, OCEAN/BTC, OCEAN/TRY, OCEAN/USDT trading pairs will not be accessible. All positions on FETUSDT, OCEANUSDT and AGIXUSDT USDT futures will be automatically closed as of 25.06.2024 at 12:00 CEST. $FET $AGIX $OCEAN
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Trump Supports Bitcoin Despite Price Drop, Promises Crypto-Friendly Policies. During his presidency, Donald Trump was highly critical of cryptocurrencies. But his current campaign reflects a significant shift in perspective. Trump has expressed his vision of making the United States a global leader in cryptocurrency, which includes accepting crypto donations for his campaign. By standing against President Biden's policies, Trump promises to strongly support digital assets, marking a clear departure from his previous views. This change does not just remain in discourse. Trump's commitment covers a comprehensive approach that includes creating favorable regulatory frameworks for digital currencies. According to his team, encouraging innovation in the crypto space will be critical for economic growth and competitive advantage. However, critics question the feasibility and consistency of these promises given Trump's past anti-crypto stance. Still, the former president's pivot could lead to significant regulatory changes and impact broader market sentiment. Amid Trump's pro-crypto statements, Bitcoin (BTC) has experienced notable fluctuations. The price dynamics of Bitcoin, which recently dropped to $65,000 and is currently stabilizing around $66,000, have attracted great attention. The cryptocurrency experienced a decline of 0.88% in the last 24 hours and its market cap remained stable at approximately $1.3 trillion. Trading volume falling to $27.2 billion may indicate a possible decrease in panic selling. A decline in trading volume may indicate the market is moving into a stabilization phase as it adjusts to recent movements. Investors are watching these trends closely, and some see the price decline as a potential buying opportunity for long-term investments. The prospect of positive regulatory change under crypto-backed governance could further influence investor behavior and add a layer of strategic speculation to market activities.
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