| Cryptocurrency | Price (USDT) |
|---|---|
| BTC | $107326.7700000000 |
| ETH | $2435.4120000000 |
| BNB | $649.3298400000 |
| XRP | $2.1870060000 |
| ADA | $0.5618690000 |
| SOL | $150.0300000000 |
| DOGE | $N/A |
| DOT | $3.3996900000 |
| LTC | $86.4174000000 |
| LINK | $13.3416700000 |
Category: CRYPTO NEWS
The post Can Render Price Bounce Back Amid Stiff Competition From Centralized AI Counterparts appeared on BitcoinEthereumNews.com. Render price action was on track to conclude may on a bearish leg after cooling down in the last week of May. But can it bounce back in June especially as Google turns up the heat in the AI segment? Things have been relatively on the quite side for Render price and network. However, Google’s latest AI offering dubbed VEO 3 offering has reignited the conversation around AI. Render is the premier offering especially in the AI-powered rendering segment especially as far as digital rendering is concerned. But what does the future have in store for the platform especially as the AI segment expands rapidly? Google’s recently released VEO 3 offering provided to be the most advanced AI-based rendering platform. This highlighted the extreme competition that decentralized alternatives like Render have to deal with. This pressure may also explain RNDR’s latest weekly price action. Render Price Action Recap RNDR price exchanged hands at $4.03 at press time after tanking by over 18% from its weekly top. Price briefly dropped below the $4 price level before bouncing back indicating support build-up at its previous monthly low. Render price action/ source: TradingView RNDR price action was not yet oversold in the 24-hour chart but it was oversold in the 4-hour chart at press time. This signaled that it was already within a potential bounce back zone but could potentially slide lower hence necessitating a cautious approach. The downside could signal that investors responded negatively to VEO 3’s latest release. But, RNDR still held on to a 57% premium despite the bearish outcome. The bearish outcome was mainly due to significant outflows in the spot segment. The coin had about $13 million worth of outflows in the last 3 days but outflows have been cooling down, suggesting the possibility of some recovery during…
2025-05-31T03:31:31+00:00