July 20, 2024

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Cryptocurrency prices rise after being mentioned in Apple ads

Cryptocurrency prices rise after being mentioned in Apple ads

Cryptocurrency enthusiasts have noticed a significant increase in the value of the token (Render). during Presentation from Apple To show off the capabilities of the latest iPad, the Render Network logo appears briefly. This free advertising boosted RNDR by 40% last week.

Crypto Radar: Bitcoin price briefly rises above $65,000, Solana is in the plus sign

Crypto Radar: Bitcoin price briefly rises above $65,000, Solana is in the plus sign

Cryptocurrencies are affected by Apple

Tim Millett, Apple’s vice president of platform engineering, presented a new M4 chip using Octane software as an example. This program is from Render Network. In the keynote, the Render logo appeared on the screen for three seconds, with all its consequences.

“Professional rendering apps like Octane will work incredibly fast”Millet said. With this, he pointed out that the latest iPad model can also use more demanding applications.

Immediately after the listing, the price of RNDR rose by 11%. This will rise to a total increase of 40% after a week. At the time of writing, RNDR is valued at $11.1. For comparison; Bitcoin (Bitcoin) by 5.5% in the same time frame.

The prospects for AI-based encryption appear to be positive

The influence Apple has by mentioning octane seems to extend beyond just RNDR. Other AI-related tokens have also posted significant gains since May 6. This is how Fetch.ai rose (foot(12.88%, SingularityNET)AGIX(at a rate of 16.18% and the graph)Total gross revenue) up to 20.28%.

From this increase, we can conclude that there is a growing interest in artificial intelligence Cryptocurrency. This reinforces the general “greed” among investors referred to in the report Crypto fear and greed index.

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The recent rise in RNDR and the general trend of AI tokens seem to portend a bright future for technology-driven financial markets. Developments related to AI-based cryptocurrencies could indicate that we are on the cusp of major changes in the world of cryptocurrencies.

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