Bitget App
Trade smarter
Buy cryptoMarketsTradeFuturesCopyBotsEarn
This AI Token Becomes the Most Trending in the Crypto Industry: Details

This AI Token Becomes the Most Trending in the Crypto Industry: Details

CryptopotatoCryptopotato2024/05/08 13:52
By:Dimitar DzhondzhorovMore posts by this author

Check out which AI cryptocurrency generated the most social volume in the last few days.

TL;DR

  • An AI-related cryptocurrency has recently excelled in social volume dominance, outperforming its rivals, including the sector’s leader.
  • Its value has surged by 435% in the past year, bolstered by major exchange support among other reasons.

RNDR Tops the Ranking

Artificial Intelligence (AI) and cryptocurrencies related to that evolving technology have been making great strides as of late. One such token capturing the attention of many industry participants is Render (RNDR).

It has a market capitalization of almost $4 billion, making it the second-largest in the cohort. The current leader is Fetch.ai (FET) with a market cap of over $5.5 billion.

However, the market intelligence platform Santiment claimed that RNDR has outperformed its rival and all other cryptocurrencies on one important front: social volume dominance. 

The entity estimated that the AI cryptocurrency has been at the center of most discussions in the past few days, with a rate of more than 100%.

Other assets performing quite well in that matter are AIOZ Network (AIOZ), Turbo (TURBO), Cirus (CIRUS), and Deri Protocol (DERI).

🤖📈 The #AI #BigData surges continue, as #crypto projects related to the expanding industry continue to blossom. $RNDR (+11%) is seeing rapidly rising conversations as the top trending asset currently. Keep an eye on $AIOZ , $TURBO , $CIRUS , $DERI also. https://t.co/pJBNqXUjzc pic.twitter.com/lZmSmGMGX9

— Santiment (@santimentfeed) May 7, 2024

RNDR’s Price Rally

RNDR is the native token of the Render Network Foundation, a leading provider of decentralized GPU solutions that aims to revolutionize the digital creation process. Earlier this year, it caught the eye of Coinbase, which  placed  it on its roadmap zone and later allowed trading services with it.

The support from the aforementioned exchange might be one factor contributing to RNDR’s exponential price increase in the past year. Its current value stands at over $10, representing a whopping 435% increase compared to the figures observed in May 2023.

 

 

0

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

PoolX: Locked for new tokens.
APR up to 10%. Always on, always get airdrop.
Lock now!

You may also like

MARA's stock jumps after raising $1 billion via convertible notes to buy more bitcoin

MARA Holdings announced the successful closing of its $1 billion offering of 0% convertible senior notes due 2030.The bitcoin miner plans to allocate around $199 million of the proceeds to repurchase $212 million in principal of its existing convertible notes due 2026. The remaining funds will be used to acquire more bitcoin.

The Block2024/11/21 16:11

Gold loses luster as institutional demand fuels bitcoin price surge, analysts say

Bitcoin’s 46% surge over the past month, contrasted with gold’s 3% decline, highlights a shifting investor preference toward alternative store-of-value assets, analysts say.Derivatives traders are buying up bitcoin call options ahead of Trump’s inauguration, signaling strong bullish sentiment for the beginning of 2024.

The Block2024/11/21 16:11

SEC is 'engaging' Solana ETF applicants: report

SEC “engaging” on Solana ETF applications, sparking optimism for potential approval in 2025.VanEck, 21Shares, and Bitwise lead Solana ETF filings amid pro-crypto White House hopes.SOL token rises 4.6% to $247.91, bolstered by Solana’s strong DeFi ecosystem and demand.

The Block2024/11/21 16:11