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Render Founder To Speak At NVIDIA’s GTC In 4 Days: RNDR Surge Ahead?

Render Network founder Jules Urbach is slated to speak at the upcoming NVIDIA GTC 2024 conference in just 4 days, potentially boosting the price prospects for the RNDR token. Scheduled for March 18th, NVIDIA’s GTC is heralded as the paramount event of the year for aficionados of AI and GPU computing, marking a year filled with rapid developments in generative AI technologies and the rise of decentralized AI networks.

Since the last GTC, NVIDIA has unveiled numerous groundbreaking advancements in AI, launching their high-performance HGX H200 GPU line, releasing new open-access Large Language Models (LLMs), and introducing Tensor Core AI acceleration into the popular RTX line of GPUs.

This year, the conference will spotlight the Blackwell HPC chip architecture, anticipated to succeed the Hopper H200 GPU accelerators, and explore the nexus of immersive media and spatial computing, emphasizing the integration of the Open 3D standard OpenUSD with generative AI.

Render Founder Presents AI Crypto Industry

Jules Urbach’s return to the GTC stage for a live presentation, his first since before the COVID-19 pandemic, is particularly noteworthy since he’s the only crypto founder invited to speak at this prestigious event. Having been a staple at GTC since 2010, Urbach’s insights into GPU technologies have been pivotal.

Scheduled to present on March 20th, Urbach will deliver a talk titled “The Future of Rendering: Real-Time Ray Tracing, AI, Holographic Displays, and the Blockchain.” This presentation is set to offer an updated vision for the future of generative AI, spatial media, and decentralized GPU computing technologies. A focal point of the discussion will be on the convergence of decentralized computing, generative AI, and holographic technology, as demonstrated in The Archive—an immersive spatial experience produced on the Render Network for Apple Vision Pro.

The crypto community can anticipate Urbach sharing milestones achieved by Render Network, including technological advancements and significant projects completed using the platform. These achievements highlight the network’s capacity for professional-grade rendering tasks. Furthermore, Urbach’s presentation could outline the future roadmap of Render Network, detailing upcoming features, technological enhancements, and expansion plans that promise to revolutionize the rendering landscape.

“This year’s presentation promises to build on an iconic 2013 keynote presentation with NVIDIA Founder and CEO Jensen Huang where Jules unveiled the first cloud GPU rendering pipeline,” the Render Network team said in a recent blog post.

“I think it will be one of my most relevant GTC talks, and a reflection of the next paradigm shift we are entering for distributed GPU systems, on par with the first one back in 2013 — when I took the stage with Jensen to announce Render’s centralized precursor (ORC) and then launched with AWS,” Urbach stated looking ahead.

Potential partnerships with NVIDIA and other industry giants could be an explosive topic of discussion, given NVIDIA’s leadership in GPU technology and AI. Such collaborations could further enhance Render Network’s capabilities, and importantly, boost the RNDR price massively.

How Will RNDR Price React?

Ahead of the event, increased attention on AI crypto tokens, particularly RNDR, is to be expected. This is likely to be accompanied by a “buy the rumor of an extended partnership” sentiment that will drive up prices. Ultimately, the decisive factor will be whether the Render founder can present a groundbreaking new partnership or whether it will be a “sell the news” event.

If so, RNDR will most likely be able to reach a new all-time high. At the time of writing, RNDR was trading at $11.07, just below the all-time high of $ 12.71 set last Saturday, March 9.

RNDR Render price

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Fetch AI Fetches Fire – 110% Price Surge Ignites All-Time High

In the volatile world of cryptocurrencies, the recent bullish trend sweeping through the market has not only propelled Bitcoin to new heights but has also catapulted altcoins like Fetch.ai (FET) to unprecedented levels. FET marked a significant milestone with a fresh all-time high today, following the lead set by the primary cryptocurrency.

At the time of writing, FET is priced at $2.76, with a trading volume of $2.77 billion over the last 24 hours. Its market capitalization stands at nearly $2 billion. Notably, the coin has experienced a remarkable 110% increase in price within the past seven days, data from CoinMarketCap shows.

Fetch AI (FET) In Full Steam

The recent surge in FET’s price is attributed to the Fetch.AI Foundation’s announcement on March 5, 2024, introducing “Fetch Compute” as part of a substantial $100 million investment in advancing the AI economy.

The initiative involves deploying top-of-the-line Nvidia GPUs, including models like H200, H100, and A100, to supercharge innovation within the Fetch.AI ecosystem.

Funded through the Fetch Ecosystem Fund, this move addresses the GPU shortage, providing developers and users with enhanced computing power to create advanced models and solutions.

Will Fetch AI Hit $60 Billion Market Cap?

Many cryptocurrency experts have recently been bullish about Fetch.ai’s future prospects. There is a lot of potential for FET to continue growing, according to Crypto Rover, a well-known expert.

Rover recently posted on X that they bought $FET at $0.70 and have no plans to sell anytime soon. With the bold statement, “It is now at $2b market cap,” Rover revealed much more information. The range he is predicting is $40–$60 billion.

Some 100% of the FET’s total circulating supply is generating profits for its investors, per the Global In/Out of the Money (GIOM) indicator. A cohort holding 18,350 FET valued $36,700, acquired at an average price of $1.82, was the last to turn a profit.

This demonstrates that investors are still amassing FET despite the ongoing upward trend and confirmed profits. As a result, offering assistance for additional price escalations.

In a related development, Fetch AI has just established a strategic alliance with Deutsche Telekom, a notable corporate organization, reinforcing its standing as a major entity in the blockchain industry.

Whale Appetite Up

Meanwhile, FET whale addresses have been selling off their holdings. These massive wallets have made approximately $17 million from the sale of 8.45 million FET since then.

By March 11, according to CoinCodex’s short-term Fetch.ai price prediction, the currency would hit $1.792. By April 5, the prediction rose to $1.924. Technical analysis on the site was positive, with 26 signs indicating price appreciation and 4 indicating price decline.

Featured image from Freepik, chart from TradingView