Crypto Market News: The rise of AI Tokens, the artificial intelligence based crypto tokens, is often seen as a direct correlation to the recent adoption of AI tools like ChatGPT in the mainstream. However, crypto market projects have historically gained investor trust based on the token’s individual success and adoption over time. Among the top AI tokens that stood out in recent times were Render $RNDR and SingularityNET $AGIX. Meanwhile, the Render token community is speculating about the possibility of benefiting from the upcoming Apple 2023 Worldwide Developers Conference (WWDC).
Also Read: XRP Lawsuit: Hackers Give Attorney John Deaton Surprise Birthday Gift
The Apple WWDC 2023 event is scheduled for June 5, 2023 at 1 pm eastern standard time. Among the most sought after product announcements expected to be revealed is Apple’s VR headset. In this context, the Apple Augmented reality (AR) and Virtual Reality (VR) product launch is linked with potential rise in demand for Render token.
How Is Render Linked With Apple AR/VR Headset
The Render network offers distributed GPU rendering on the blockchain. Similar to many emerging technologies, the AR/VR industry could require huge volumes of Graphics processing unit (GPU), which is where Render network is speculated to be placed well for adoption thanks to its blockchain based distribution. Hence, it is rumored that the Render token price could pick up thanks to the Apple headset launch. More importantly, the headset functionality is speculated to be involving crypto payments, although it is in no way confirmed at this point. MachineAlpha, a Twitter account that promotes RNDR token, said,
“The AR VR industry is projected to be a trillion dollar industry, it will require massive amounts of GPU for AI & RNDR’ing to scale this, all eyes on Apple WWDC in 2 days. $RNDR will lead the crypto bull run.”
Best Risk Reward Ratio Among AI tokens
Earlier, CoinGape reported that Render could also benefit from the NVIDIA price rally that took the financial markets by storm. Owing to the AI linked bullish trend, Render is touted as one of the best crypto coins with risk reward ratio. Also, RNDR token’s rounding bottom pattern formation supports a 28% rise probability.
Also Read: Senator Elizabeth Warren Hints At New Crypto Bill To Close ‘Loopholes’
The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.
