Render, Akash Network, Fetch.ai shine as AI tokens surge – here's why

Render (RNDR), Akash Network (AKT), SingularityNET (AGIX) and Fetch.ai (FET) tokens traded higher on Sunday as the broader crypto market tapped minor gains. While the global crypto market cap was at $1.45 trillion, only 0.7% in the past 24 hours, the crypto artificial intelligence (AI) market cap was up nearly 10% to $6.14 billion.

Timeline of Akash-network, Fetch, Render

Render (RNDR), an Artificial Intelligence-based protocol, has experienced a dramatic surge in its price. This boost is primarily attributed to the announcement of its upcoming listing on Binance Japan, scheduled for November 27.

The digital graphics rendering platform Render has experienced a notable comeback recently, with its token value undergoing a solid increase. After a period of 1.5 years, Render has successfully surpassed key resistance levels, indicating a strong shift in its market position.

Solana (SOL), GMX, and Render Token (RNDR) are the weekend's best altcoin gainers. Solana broke out from a descending wedge, while GMX and RNDR broke out from descending resistance trendlines.

Innovative initiatives like Shiba Budz (BUDZ), Render (RNDR), and Synthetix (SNX) are catching the attention of both investors and enthusiasts in the constantly changing world of blockchain technology and cryptocurrencies.

Crypto tokens with Artificial Intelligence (AI) applications have outperformed other assets as chipmaker Nvidia reached an all-time high. The legacy company's stock price saw important gains as its bet on the AI sector paid off.

Cryptocurrencies that are tied to artificial intelligence (AI) have enjoyed considerable gains as a result of Nvidia (NASDAQ: NVDA) exceeding earnings estimates for the second quarter of the year, suggesting that the positive trend for AI could well continue for the foreseeable future.

The token of decentralized cloud computing provider Akash Network (AKT) has been consistently rising over the past two weeks as its token's social dominance skyrockets. AKT is up by $138% over the past 30 days and trading at $1.

Akash Network (AKT) is pushing new boundaries in the digital currency ecosystem with its massively parabolic growth run at a time when most altcoins are still fighting their individual bears. The protocol has soared as high as 15.66% in the past 24 hours to place its price at $1.38 at the time of writing, per data from CoinMarketCap.

As cryptocurrency markets are stagnating in anticipation of a potential bullish rally, the demand for reliable cloud architecture is rising. Akash Network (AKT) seems to be among the first beneficiaries of the new hype.

Crypto Market News: A product linked to the Render network (RNDR), which offers distributed GPU rendering on the blockchain, was mentioned in the Apple event on Monday as part of the keynote event. Artificial intelligence based crypto tokens like Render and SingularityNET have in the recent times gained popularity.