- RNDR jumped 11% post-Apple’s brief mention of Octane during the iPad unveiling.
- Apple highlighted Octane’s performance on the new M4 chip, boosting RNDR’s market interest.
- RNDR traded at $11.26, up 45% over the week, despite Bitcoin’s decline.
Render Token (RNDR) printed an 11% uptick after Apple briefly mentioned Octane, a 3D design software powered by the Render Network while unveiling its latest iPad featuring the M4 chip.
During the presentation, Apple’s vice president of platform architecture, Tim Millet, briefly acknowledged Octane, which piqued the interest of market participants and added to RNDR’s recent uptrend.
Millet highlighted Octane’s performance on the new iPad, emphasizing its efficiency and speed. “Pro rendering apps like Octane will flat out fly,” he stated, adding that it will perform form times better than its predecessor, M2.
Furthermore, Millet asserted that Apple’s Octane-powered M4 chip represents a significant advancement in silicon technology. It leverages second-generation three-nanometer architecture to enhance power efficiency, a critical factor for achieving exceptional performance.
Meanwhile, pseudonymous crypto trader D0c Crypto pointed out the RNDR logo’s visibility in the video, further fueling market enthusiasm. “Apple just presented Octane X, the rendering software powered by $RNDR, as the pro rendering app on the new iPad! You can literally see the $RNDR logo in the video!” D0c Crypto said.
Data from Coinmarketcap reveals RNDR trading at $11.26 at press time, contributing to a 45% rally over the past week. In contrast, Bitcoin has witnessed an 8.74% value loss month-to-date, trading at $62,916.
Anonymous crypto trader Mister Crypto commented on the trend, saying, “Bitcoin is falling, but RNDR just doesn’t care.”
Nonetheless, Bitcoin rose 3% in the past intraday session and has surged 5.85% over the past week.
Meanwhile, the AI sector is trading in the green zone after a 4.80% intraday uptick, according to data from Cryptoslate. Since April, Render has witnessed a 33% increase, while Fetch.ai has seen a 6.5% rise. Moreover, insights from Google Finance data reveal that Nvidia’s stock attained a 30-day high on May 6, starting the trading week at $921.40.
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