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Apple WWDC Event: AI Linked Crypto Token Render $RNDR Gains Steam

artificial intelligence based crypto tokens Render $RNDR is rumored to benefit from the upcoming Apple 2023 Worldwide Developers Conference.
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Apple WWDC Event: AI Linked Crypto Token Render $RNDR Gains Steam

Crypto Market News: The rise of AI Tokens, the artificial intelligence based crypto tokens, is often seen as a direct correlation to the recent adoption of AI tools like ChatGPT in the mainstream. However, crypto market projects have historically gained investor trust based on the token’s individual success and adoption over time. Among the top AI tokens that stood out in recent times were Render $RNDR and SingularityNET $AGIX. Meanwhile, the Render token community is speculating about the possibility of benefiting from the upcoming Apple 2023 Worldwide Developers Conference (WWDC).

Also Read: XRP Lawsuit: Hackers Give Attorney John Deaton Surprise Birthday Gift

The Apple WWDC 2023 event is scheduled for June 5, 2023 at 1 pm eastern standard time. Among the most sought after product announcements expected to be revealed is Apple’s VR headset. In this context, the Apple Augmented reality (AR) and Virtual Reality (VR) product launch is linked with potential rise in demand for Render token.

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How Is Render Linked With Apple AR/VR Headset

The Render network offers distributed GPU rendering on the blockchain. Similar to many emerging technologies, the AR/VR industry could require huge volumes of Graphics processing unit (GPU), which is where Render network is speculated to be placed well for adoption thanks to its blockchain based distribution. Hence, it is rumored that the Render token price could pick up thanks to the Apple headset launch. More importantly, the headset functionality is speculated to be involving crypto payments, although it is in no way confirmed at this point. MachineAlpha, a Twitter account that promotes RNDR token, said,

“The AR VR industry is projected to be a trillion dollar industry, it will require massive amounts of GPU for AI & RNDR’ing to scale this, all eyes on Apple WWDC in 2 days. $RNDR will lead the crypto bull run.”

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Best Risk Reward Ratio Among AI tokens

Earlier, CoinGape reported that Render could also benefit from the NVIDIA price rally that took the financial markets by storm. Owing to the AI linked bullish trend, Render is touted as one of the best crypto coins with risk reward ratio. Also, RNDR token’s rounding bottom pattern formation supports a 28% rise probability.

Also Read: Senator Elizabeth Warren Hints At New Crypto Bill To Close ‘Loopholes’

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Anvesh Reddy

Anvesh reports major crypto updates around U.S. regulation and market moving trends. Published over 1400 articles so far on crypto and blockchain. A proud dropout of University of Massachusetts, Lowell. Can be reached at anvesh@coingape.com or x.com/BitcoinReddy or linkedin.com/in/anveshreddybtc/

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Why trust CoinGape: CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights to our readers. Our journalists and analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.
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