Render (RNDR) surges to new ATH ahead of biggest AI event of 2024

Render (RNDR), a top decentralized GPU-based rendering and AI processing solution, is one of the best performing AI related tokens today.

The price of RNDR, the project’s native token, has spiked more than 17% in the past 24 hours and 54% in the past week. On March 9, 2024, Render’s price crossed the $10 level to hit a new all-time high above $11.97.

Render CEO to speak at NVIDIA's GTC 2024

Render, which also allows for decentralized applications across digital rights management (DRM) and non-fungible tokens (NFTs), is attracting growing attention amid a broader rally for AI crypto.

These tokens have soared in recent weeks as major developments unfold in the AI space. RNDR for instance skyrockted after OpenAI’s launch Sora in February.

Today’s gains for RNDR come as the artificial intelligence space looks forward to one of the biggest AI events in the world this year. Between March 18 and 21, AI chip giant Nvidia will headline the GTC 2024 conference.

The event will be held in San Jose, Carlifornia and will see Render CEO Jules Urbach speak.

According to details shared in a blog post, Urbach’s speech will focus on the ‘The Future of Rendering: Real-Time Ray Tracing, AI, Holographic Displays, and the Blockchain’. Key topics will include generative AI, spatial media and decentralized GPU computing technologies.

RNDR’s price outlook ahead of the NVIDIA GTC 2024 conference mirrors the broader AI ecosystem, which has seen its market cap rise to over $28 billion.

Bittensor (TAO), Fetch.ai (FET) and SingularityNET (AGI) are some of the tokens to soar in recent weeks. Meanwhile, Nvidia's stock has also pumped, continuing its uptrend from 2023.