RENDER (Render) 24-hour increase of 13.64%
Gate News Bot Message, January 12 — According to CoinMarketCap data, at the time of press, RENDER (Render) is trading at $2.59, up 13.64% in the past 24 hours, with a high of $2.70 and a low of $2.07. The 24-hour trading volume reached $223 million. The current market capitalization is approximately $1.345 billion, an increase of $161 million from yesterday.
Important recent news about RENDER:
1️⃣ Expansion of Generative AI Ecosystem Applications Drives Demand Growth
Render Network has integrated several leading generative AI imaging tools such as Runway, Black Forest Labs, Luma Labs, and Stability AI, providing users with a unified digital creative workflow solution. As AI image generation technology rapidly iterates and expands in application scope, demand for GPU computing power is rising. This creates a broad market space for decentralized GPU rendering platforms and is a fundamental factor supporting the value of the RENDER token.
2️⃣ 完善GPU Rendering Engine Ecosystem
The platform has integrated industry-leading GPU rendering engines such as OctaneRender, Redshift, and Blender Cycles, forming a complete professional rendering ecosystem. A comprehensive technical ecosystem lowers the barrier for creative professionals, helps expand the user base, and increases platform stickiness, thereby strengthening the long-term value support for the token.
3️⃣ Decentralized Architecture and Cost Advantages Highlighted
As the world’s first decentralized GPU rendering platform, Render Network leverages global idle GPU computing power to offer rendering services at a fraction of traditional costs. Amid rising GPU costs, this cost competitiveness attracts more professional users, which helps drive ecosystem growth and increase token demand.
4️⃣ Market Sentiment Supports Short-term Price Rise
Earlier, RENDER performed strongly in the AI sector, with a single-day increase exceeding 21%, far surpassing competitors like Chainlink and Bittensor in the same sector. This performance significantly boosted trading volume, with 24-hour volume surging about 71%, and open interest in derivatives markets increasing approximately 17%. This indicates increased market participation and traders building new long positions, reflecting renewed confidence in Render Network’s short-term prospects.
This message is not investment advice. Please be aware of market volatility risks.
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