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

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$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.

 

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