Blockchain-Based Render Network's Token Tracks Tech Stocks as Broader Crypto Market Decouples

  • 📰 CoinDesk
  • ⏱ Reading Time:
  • 9 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 7%
  • Publisher: 63%

Philippines News News

Philippines Philippines Latest News,Philippines Philippines Headlines

$RNDR has gained over 6% this month amid the artificial intelligence narrative that has recently powered technology stocks higher. Reports godbole17.

show RNDR has gained 6.5% to $2.55, with prices hitting a 13-month high of $2.93 early this month. Wall Street's tech-heavy index Nasdaq has gained nearly 8%. Meanwhile, bitcoin has declined by 5%, decoupling from Nasdaq and the total market value of all cryptocurrencies has dropped by 3.5%.

Since then, investors have been scrambling to take exposure to shares in Nvidia and other assets like Render's RNDR token that align with the AI narrative.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 291. in PH

Philippines Philippines Latest News, Philippines Philippines Headlines