Render Price Prediction: RNDR Pumps 23% on AI Crypto Rivals FET and AGIX Latency, This VR/AR ICO Surpasses $1.5 Million.

adminMarch 18, 2024

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The price of the render surged 23% to $13.301 as of 04:04 EST, with volume surging 80%.

RNDR has outperformed its peers in the AI crypto space, including Fetch.ai (FET) and SingularityNET (AGIX).

This comes amid continued interest in the sector as the Nvidia 2024 GTC conference kicks off in Silicon Valley on March 18. This event, the largest event of AI chip manufacturer NVIDIA, is expected to be the gateway to next-generation AI innovation.

#Nvidia #GTC24 This is happening!
This is the gateway to the next wave. #AI innovation.
Crypto AI could explode if there is a big announcement here! 💪$RNDR $FET $AGIX $GRT https://t.co/AaU2fdkUju pic.twitter.com/6yK79ukPJ8
— CryptoBusy (@CryptoBusy) March 18, 2024

As a result, the AI cryptocurrency market capitalization exceeded $44.2 billion, and trading volume by sector surged by 45%.

🚀 AI coins are gaining momentum in anticipation of the NVIDIA conference! Recent price movements are as follows:
– RNDR: +20%
– Tao: +11%
– GRT: +8%
– FET: +12%
– AGIX: +13%
Stay tuned for further updates as the market reacts to the latest developments in the AI sector! 🌐💡 #AI… pic.twitter.com/1K4Tv6adt1
— Bokubu (@atrungbs87) March 18, 2024

Nonetheless, data shows that FET is recording the highest social activity amidst the AI cryptocurrency craze.

Top AI projects by social activity 🤖$FET $AGIX $GRT $RLC $weather $PHA $CGPT $LINE $PRQ $SNS
All eyes are on AI cryptocurrency. #Nvidia AI conference taking place tomorrow.$RNDR I’m the only one talking there ⭕️.
My two missing jewels are $LAI… pic.twitter.com/q295urrwYa
— GuruLearner (@GuruLearner01) March 17, 2024

Notably, Render Price outperformed its sector peers, with Near Protocol (NEAR), Bittensor (TAO), FET, and AGIX all pumping.

AI Cryptocurrency

Render price outlook amid AI cryptocurrency euphoria

Render prices hit an all-time high of $13.838, driven by ‘buy the buzz’ surrounding the Nvidia GTC conference. As the event begins on Monday, March 18th, it is highly likely that a ‘sell the news’ situation will develop. This could see a render price conflict.

The relative strength index (RSI) at 92 shows that RNDR is massively overbought and the risk of a correction is high. Nonetheless, as Welles Wilder points out, traders who have open positions at the current render price should probably leave them open, given that the asset is suitable for selling if the RSI falls below 70.

However, a sluggish, late rally is probably something to watch out for. This is because the surge is expected to increase FOMO (fear of missing out) and could trigger a correction as traders look to cash out while the market is still hot.

In the meantime, the market will be strongly favored if the upside and render price can clear the $13.838 peak before extending northward. This directional bias could push Render price to record highs above the $14,000 psychological level.

Note the presence of a strong upward trend in the RNDR market. This means that the amount of histograms of AO (Awesome Oscillator) is increasing.

set up set up

TradingView: RNDR/USDT 1-week chart

converse case

On the other hand, render prices may be adjusted based on the overbought narrative. There are already signs of a decline, as evidenced by declining volume indicators, which suggests that the ongoing trend is starting to lose steam.

If the bears recover the market on the back of a profit book, the render price could fall and first lose support due to the 78.6% Fibonacci retracement level of $10.958. A prolonged decline could see the AI cryptocurrency test the all-important 61.8% Fibonacci retracement level at $8.697.

In a severe case, the render price could fall below the 50% Fibonacci placeholder $7.109. A break and close below this level would invalidate any confirmed bullish arguments by falling below the rising trend line below the $6,000 psychological level.

Meanwhile, investors are flocking to 5SCAPE, a new VR/AR presale. This is the ticker for the 5th Scape ecosystem, advertised as the world’s first AR and VR ecosystem that connects the brightest minds together.

A promising alternative to rendering

5th Scape says this is the gateway to the next decade of innovation, unlocking the infinite potential of the virtual realm.

Community members will experience the hyper-realistic gaming world of virtual reality through a variety of gaming experiences. The diverse content includes everything from adrenaline-pumping combat to precision archery, high-speed racing, and immersive sports.

🌐✨ Start your groundbreaking journey with 5th Scape! 🚀 We don’t just make games. We are creating an immersive reality. As VR ecosystem developers, we aim to redefine the gaming experience. 🎮✨ 🌌🕶️ #5th scenery #VRInnovation #Immersive game #Technological Revolution 🚀🎮 pic.twitter.com/khmgW84Kti
— 5th Scape (@5th_scape) December 28, 2023

The 5th Scape VR ecosystem will enable the Web3 sector to power tomorrow by unleashing the next wave of gaming innovation in the VR sector.

This platform is committed to becoming the architect of alternate realities by creating an integrated system complete with both hardware and software.

5Scenery

Experts say it has the potential to explode in profits 100x upon launch.

The 5th Scape VR ecosystem also features a Developer Center that provides builders with access to the right resources to bring their worlds to life and unleash a new wave of gaming innovation.

With pre-sales still underway, you can become an early adopter in this fledgling ecosystem.

JOIN NOW!!!!!#Cryptocurrency #token #5thscape pic.twitter.com/yNEeQrrbP1
— 5th Scape (@5th_scape) March 16, 2024

Pre-sale sales to date have surged past $1.5 million as the project surges toward its $2.5 million goal.

Investors who want to purchase 5SCAPE, the ticker of the 5th Scape ecosystem, can do so for $0.00215. With the price expected to increase by 15% in a little over 5 days, it is best for interested investors to buy now.

Visit 5SCAPE here to purchase.