{"id":632448,"date":"2024-07-31T12:00:50","date_gmt":"2024-07-31T12:00:50","guid":{"rendered":"https:\/\/ktsl888.com\/?p=632448"},"modified":"2024-07-31T10:26:32","modified_gmt":"2024-07-31T10:26:32","slug":"render-continues-to-flash-red-in-all-timeframes-whats-going-on","status":"publish","type":"post","link":"https:\/\/ktsl888.com\/news\/render-continues-to-flash-red-in-all-timeframes-whats-going-on\/","title":{"rendered":"Render Continues To Flash Red In All Timeframes &#8211; What&#8217;s Going On?"},"content":{"rendered":"<p>Render investors and traders continue their sell-off, following the broader market\u2019s bearish attitude. After weeks of continuous bullish action, <a href=\"https:\/\/www.coingecko.com\/\" target=\"_blank\" rel=\"noopener nofollow\">CoinGecko data<\/a> shows that the market is down a few percent, translating to losses in the altcoin market.<\/p>\n<div class=\"related-reading-shortcode\">Related Reading: <a href=\"https:\/\/ktsl888.com\/news\/crypto-today-fomc-most-important-of-your-life\/\" target=\"_blank\" rel=\"noopener \">Crypto Watch: Why Today\u2019s FOMC Meeting Is The \u2018Most Important Of Your Life\u2019<\/a><\/div>\n<p>Although the environment brought gains to a number of tokens, it dragged several tokens, like Render, to the ground. The latest market data shows that the latter is down in almost all timeframes, with the <a href=\"https:\/\/www.coingecko.com\/en\/coins\/render\" target=\"_blank\" rel=\"noopener nofollow\">biggest loss in the monthly timeframe<\/a> at nearly 25%. This presents a big question to investors and traders whether Render will continue its downward spiral.<\/p>\n<figure id=\"attachment_632449\" aria-describedby=\"caption-attachment-632449\" style=\"width: 668px\" class=\"wp-caption aligncenter\"><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" class=\"wp-image-632449 size-full\" src=\"https:\/\/ktsl888.com\/wp-content\/uploads\/2024\/07\/a_a2f65c.png?resize=668%2C321\" alt=\"\" width=\"668\" height=\"321\" srcset=\"https:\/\/ktsl888.com\/wp-content\/uploads\/2024\/07\/a_a2f65c.png?w=668 668w, https:\/\/ktsl888.com\/wp-content\/uploads\/2024\/07\/a_a2f65c.png?w=460 460w\" sizes=\"(max-width: 668px) 100vw, 668px\"><figcaption id=\"caption-attachment-632449\" class=\"wp-caption-text\">Source: <a href=\"https:\/\/www.coingecko.com\/en\/coins\/render\" target=\"_blank\" rel=\"noopener nofollow\">Coingecko<\/a><\/figcaption><\/figure>\n<h2><strong>Big Things Coming For Render<\/strong><\/h2>\n<p>Jensen Huang, CEO and Co-founder of NVIDIA, recently spoke at SIGGRAPH 2024 about the effects of accelerated computing and generative AI on different industries. He also briefly mentioned the company\u2019s jump in computer graphics saying that \u201cit was the best decision\u201d the company made.<\/p>\n<div class=\"jeg_video_container jeg_video_content\"><\/iframe><\/div>\n<p>Almost like NVIDIA, Render\u2019s framework as a provider of decentralized graphics and computing resources places the platform in a unique position in the world of AI. When asked about the AI revolution which started in 2022, Huang said:<\/p>\n<blockquote>\n<h4>\u201c[And] this is really the revolutionary time that we\u2019re in. Just about every industry is going to be affected by this just based on some of the examples I\u2019ve already given you.\u201d<\/h4>\n<\/blockquote>\n<p>This just shows how the broader industry is pivoting towards supporting the development of AI, thus providing a bullish signal for investors on Render as the latter\u2019s nature as a provider of computing resources makes them valuable for the AI space.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p dir=\"ltr\" lang=\"en\">Key moment from today\u2019s <a href=\"https:\/\/twitter.com\/hashtag\/SIGGRAPH2024?src=hash&amp;ref_src=twsrc%5Etfw\" rel=\"nofollow\">#SIGGRAPH2024<\/a> fireside with Jensen Huang and Lauren Goode:<\/p>\n<p>Q. Where do you draw the line between AI is augmenting and helping [artists] and this is replacing certain things that we do?<a href=\"https:\/\/t.co\/muYWEq586d\" rel=\"nofollow\">https:\/\/t.co\/muYWEq586d<\/a><\/p>\n<p>A. \u201cThese tools help us be more productive.\u2026<\/p>\n<p>\u2014 The Render Network (@rendernetwork) <a href=\"https:\/\/twitter.com\/rendernetwork\/status\/61991745?ref_src=twsrc%5Etfw\" rel=\"nofollow\">July 30, 2024<\/a><\/p><\/blockquote>\n<p>And traditional finance institutions recognize this potential at the crossroads of AI and crypto. Asset management firm Grayscale <a href=\"https:\/\/finance.yahoo.com\/news\/grayscale-investments-launches-decentralized-ai-133000684.html?guccounter=1&amp;guce_referrer=aHR0cHM6Ly93d3cuYmluZy5jb20v&amp;guce_referrer_sig=AQAAAJFJqxpwGokgJb0JD4GbkqkCDymCxOmuJsVW1KVOUaJ2fGV-OrbQRoOJHx5g2ze4pHQtTHSJROwc8wn-4z4DBCQnCOjL6_1yUxZhXTz0LB9qIBfdmyfvZO3Msg1Ga8yBz4XyPc4Ru3mNxNnwHo-QxHMmj0D4bLwW8XBex73gtFwJ\" target=\"_blank\" rel=\"noopener nofollow\">launched<\/a> its first decentralized AI fund in the early half of this month, featuring the likes of RENDER, TAO, FIL, LPT, and NEAR.<\/p>\n<p>With Render\u2019s providing a valuable resource to anyone who needs computing power, their market position remains secure despite facing substantial downturns this month.<\/p>\n<figure style=\"width: 1835px\" class=\"wp-caption aligncenter\"><img loading=\"lazy\" decoding=\"async\" class=\"size-full\" src=\"https:\/\/www.tradingview.com\/x\/GXnE9nyb\/\" width=\"1835\" height=\"883\"><figcaption class=\"wp-caption-text\">Render is currently trading at $5.8. Chart: <a href=\"https:\/\/www.tradingview.com\/\" target=\"_blank\" rel=\"noopener nofollow\">TradingView<\/a><\/figcaption><\/figure>\n<h2><strong>More Bearish Pressure In The Offing?<\/strong><\/h2>\n<p>As it currently stands, the token\u2019s position is quite shaky as it might push the token to lower lows following the general trend it has had since May.<\/p>\n<p>If the downward trend continues, the bears might push the crypto to January 2024 levels, wiping out the token\u2019s year-to-date gains. Thus bulls should consolidate and gain control of the $6 support before any attempt upward.<\/p>\n<div class=\"related-reading-shortcode\">Related Reading: <a href=\"https:\/\/ktsl888.com\/news\/can-bitcoin-cash-bch-go-up-680-this-week-this-analyst-believes-so\/\" target=\"_blank\" rel=\"noopener \">Can Bitcoin Cash (BCH) Go Up 680% This Week? This Analyst Believes So<\/a><\/div>\n<p>But the token\u2019s volatility might work in the bull\u2019s favor. The current market environment is still mostly bullish, mostly by the fact that the major cryptocurrencies are in a rally, pulling the market upward.<\/p>\n<p>This greedy mood counters the bearishness of the current market correction, putting more emphasis on long-term gains rather short or medium-term increases. Investors and traders should then monitor the market for long-term opportunities that will support the movement of the altcoin.<\/p>\n<p><em>Featured image from Pexels, chart from TradingView<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Render investors and traders continue their sell-off, following the broader market\u2019s bearish attitude. After weeks of continuous bullish action, CoinGecko data shows that the market is down a few percent, translating to losses in the altcoin market. Related Reading: Crypto Watch: Why Today\u2019s FOMC Meeting Is The \u2018Most Important Of Your Life\u2019 Although the environment brought gains to a number of tokens, it dragged several tokens, like Render, to the ground. The latest market data shows that the latter is down in almost all timeframes, with the biggest loss in the monthly timeframe at nearly 25%. This presents a big question to investors and traders whether Render will continue its downward spiral. Big Things Coming For Render Jensen Huang, CEO and Co-founder of NVIDIA, recently spoke at SIGGRAPH 2024 about the effects of accelerated computing and generative AI on different industries. He also briefly mentioned the company\u2019s jump in computer graphics saying that \u201cit was the best decision\u201d the company made. Almost like NVIDIA, Render\u2019s framework as a provider of decentralized graphics and computing resources places the platform in a unique position in the world of AI. When asked about the AI revolution which started in 2022, Huang said: \u201c[And] this is really the revolutionary time that we\u2019re in. Just about every industry is going to be affected by this just based on some of the examples I\u2019ve already given you.\u201d This just shows how the broader industry is pivoting towards supporting the development of AI, thus providing a bullish signal for investors on Render as the latter\u2019s nature as a provider of computing resources makes them valuable for the AI space. Key moment from today\u2019s #SIGGRAPH2024 fireside with Jensen Huang and Lauren Goode: Q. Where do you draw the line between AI is augmenting and helping [artists] and this is replacing certain things that we do?https:\/\/t.co\/muYWEq586d A. \u201cThese tools help us be more productive.\u2026 \u2014 The Render Network (@rendernetwork) July 30, 2024 And traditional finance institutions recognize this potential at the crossroads of AI and crypto. Asset management firm Grayscale launched its first decentralized AI fund in the early half of this month, featuring the likes of RENDER, TAO, FIL, LPT, and NEAR. With Render\u2019s providing a valuable resource to anyone who needs computing power, their market position remains secure despite facing substantial downturns this month. More Bearish Pressure In The Offing? As it currently stands, the token\u2019s position is quite shaky as it might push the token to lower lows following the general trend it has had since May. If the downward trend continues, the bears might push the crypto to January 2024 levels, wiping out the token\u2019s year-to-date gains. Thus bulls should consolidate and gain control of the $6 support before any attempt upward. Related Reading: Can Bitcoin Cash (BCH) Go Up 680% This Week? This Analyst Believes So But the token\u2019s volatility might work in the bull\u2019s favor. The current market environment is still mostly bullish, mostly by the fact that the major cryptocurrencies are in a rally, pulling the market upward. This greedy mood counters the bearishness of the current market correction, putting more emphasis on long-term gains rather short or medium-term increases. Investors and traders should then monitor the market for long-term opportunities that will support the movement of the altcoin. Featured image from Pexels, chart from TradingView<\/p>\n","protected":false},"author":557,"featured_media":632488,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[3],"tags":[10151,142,6664,1742,11392],"class_list":["post-632448","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-ai","tag-altcoins","tag-crypto","tag-digital-currency","tag-render"],"acf":[],"yoast_head":"\n<title>Render Continues To Flash Red In All Timeframes<\/title>\n<meta name=\"description\" content=\"Render investors and traders continue their sell-off, following the broader market\u2019s bearish attitude. 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But for Christian, that's not just a metaphor, it's a lifestyle. By day, he navigates the ever-shifting tides of the cryptocurrency market, wielding words like a seasoned editor and crafting articles that decipher the jargon for the masses. When the PC goes on hibernate mode, however, his pursuits take a more mechanical (and sometimes philosophical) turn. Christian's journey with the written word began long before the age of Bitcoin. In the hallowed halls of academia, he honed his craft as a feature writer for his college paper. This early love for storytelling paved the way for a successful stint as an editor at a data engineering firm, where his first-month essay win funded a months-long supply of doggie and kitty treats \u2013 a testament to his dedication to his furry companions (more on that later). Christian then roamed the world of journalism, working at newspapers in Canada and even South Korea. He finally settled down at a local news giant in his hometown in the Philippines for a decade, becoming a total news junkie. But then, something new caught his eye: cryptocurrency. It was like a treasure hunt mixed with storytelling - right up his alley! So, he landed a killer gig at NewsBTC, where he's one of the go-to guys for all things crypto. He breaks down this confusing stuff into bite-sized pieces, making it easy for anyone to understand (he salutes his management team for teaching him this skill). Think Christian's all work and no play? Not a chance! When he's not at his computer, you'll find him indulging his passion for motorbikes. A true gearhead, Christian loves tinkering with his bike and savoring the joy of the open road on his 320-cc Yamaha R3. Once a speed demon who hit 120mph (a feat he vowed never to repeat), he now prefers leisurely rides along the coast, enjoying the wind in his thinning hair. 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So, the next time you tread into the world of cryptocurrency, remember the man behind the words \u2013 the crypto crusader, the grease monkey, and the feline philosopher, all rolled into one.\",\"sameAs\":[\"jomarjet01\"],\"url\":\"https:\/\/ktsl888.com\/author\/jomarjet01\/\"}]}<\/script>\n","yoast_head_json":{"title":"Render Continues To Flash Red In All Timeframes","description":"Render investors and traders continue their sell-off, following the broader market\u2019s bearish attitude. 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But for Christian, that's not just a metaphor, it's a lifestyle. By day, he navigates the ever-shifting tides of the cryptocurrency market, wielding words like a seasoned editor and crafting articles that decipher the jargon for the masses. When the PC goes on hibernate mode, however, his pursuits take a more mechanical (and sometimes philosophical) turn. Christian's journey with the written word began long before the age of Bitcoin. In the hallowed halls of academia, he honed his craft as a feature writer for his college paper. This early love for storytelling paved the way for a successful stint as an editor at a data engineering firm, where his first-month essay win funded a months-long supply of doggie and kitty treats \u2013 a testament to his dedication to his furry companions (more on that later). Christian then roamed the world of journalism, working at newspapers in Canada and even South Korea. He finally settled down at a local news giant in his hometown in the Philippines for a decade, becoming a total news junkie. But then, something new caught his eye: cryptocurrency. It was like a treasure hunt mixed with storytelling - right up his alley! So, he landed a killer gig at NewsBTC, where he's one of the go-to guys for all things crypto. He breaks down this confusing stuff into bite-sized pieces, making it easy for anyone to understand (he salutes his management team for teaching him this skill). Think Christian's all work and no play? Not a chance! When he's not at his computer, you'll find him indulging his passion for motorbikes. A true gearhead, Christian loves tinkering with his bike and savoring the joy of the open road on his 320-cc Yamaha R3. Once a speed demon who hit 120mph (a feat he vowed never to repeat), he now prefers leisurely rides along the coast, enjoying the wind in his thinning hair. Speaking of chill, Christian's got a crew of furry friends waiting for him at home. Two cats and a dog. He swears cats are way smarter than dogs (sorry, Grizzly), but he adores them all anyway. Apparently, watching his pets just chillin\u2019 helps him analyze and write meticulously formatted articles even better. Here's the thing about this guy: He works a lot, but he keeps himself fueled by enough coffee to make it through the day - and some seriously delicious (Filipino) food. He says a delectable meal is the secret ingredient to a killer article. And after a long day of crypto crusading, he unwinds with some rum (mixed with milk) while watching slapstick movies. Looking ahead, Christian sees a bright future with NewsBTC. He says he sees himself privileged to be part of an awesome organization, sharing his expertise and passion with a community he values, and fellow editors - and bosses - he deeply respects. 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