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The Render price surged 19% in the last 24 hours to trade at $7.2449 as of 05:28 a.m. EST on trading volume that rose 92% to $460 million.
This comes after giant chipmaker Nvidia reported fourth quarter earnings that surpassed expectations.
NVIDIA earnings for Q4 just surpassed expectations by a massive margin, a healthy sign that the demand for GPUs remains strong.
Dynex is supporting this sustained demand by providing access to more than 150,000 GPUs to power AI, machine learning, optimization and quantum…
— Dynex (@dynexcoin) February 22, 2024
AI tokens surged after the announcement, with tokens like SingularityNet up 33%, Sam Altman’s Worldcoin up 31% and Fetch.ai up 12%.
Thread: Surge in NVIDIA Stock Impact on AI-focused Tokens 📈🤖
1/5: 🚀 NVIDIA's recent stock surge signals strong growth in the AI hardware sector. This is great news for projects focused on AI applications, it reflect market validation for AI technologies.
— CyberChronicle (@Cyberchronicle7) February 22, 2024
Render Price Bullish, Trades On A Rising Channel
The Render Price has seen fluctuations marked by a tug-of-war between bulls and bears, leading to a consolidation phase around $4.5. Despite encountering resistance at the $5 mark, the bulls have demonstrated tenacity in pushing the price up.
In the month of February, the bulls have continued to sustain the bullish momentum, driving the price to this year’s all-time high at $7.59. However, they experienced another rejection, allowing for a slight retraction.
The RNDR price remains bullish as it trades above both the 50-day and 200-day Simple Moving Averages (SMAs). Additionally, the 50-day SMA is trading above the 200-day SMA, forming a golden cross at $4.11. This is a signal of an impending bullish rally.
The Relative Strength Index (RSI) is trending upwards from the 50-midline level at 69 as it heads for the overbought region. This indicates intense buying pressure.
Furthermore, the Moving Average Convergence Divergence (MACD) line (blue) supports the bullish sentiments as it trades above the signal line (orange). This indicates a bullish crossover, calling upon traders to increase their buys.
The Average Directional Index (ADX) is at 35, showing a somehow stronger trend as it heads north. This indicates that the current bullish trend is strong and will continue to grow, likely to soar the price higher.
Render Price Prediction
The Render price technical and fundamental analysis indicates a bullish bias, as it trades above the upper boundary of the rising channel. The bulls are aiming at breaching the rejection they previously faced at $7.59, driving the price to a new target around $8.
However, the RSI is nearing the overbought region, which may indicate an impending slight price correction. In this case, the bears could drive the price down to the support zone at $5.74, coinciding with the 50-day SMA.
While the Render price continues to soar, investors are eyeing eTukTuk as a compelling presale with the potential to explode on launch.
eTukTuk Surpasses $1.3 Million Raised
The eTukTuk (TUK) presale continues to attract new investors, securing over $1.3 million in early funding. eTukTuk is a project that brings together the capabilities of artificial intelligence (AI), blockchain technology, and the smart coordination of electric vehicles and charging stations, aimed at transforming transportation in developing countries.
1/ As our world races ahead, personal vehicles surge, bringing environmental challenges. But there's hope! 🚗❌
Today, we explore cities championing eco-friendly public transport.
Buckle up! 🌿 pic.twitter.com/joRizVjYRh
— eTukTuk (@eTukTukio) February 7, 2024
The team plans to introduce electric TukTuks (small three-wheeled vehicles) and set up a network of environmental charging stations. In this way, they aim to mitigate issues of carbon emissions, improve health, and enable a society that recognizes the importance of financial inclusivity.
1/ eTukTuk Times is back! 📰🌍
Our weekly round-up of two things we love: #EVs and a #sustainable future 🚀
Explore breakthrough technologies, global initiatives, and the latest developments shaping the future of sustainable transportation and combating climate change.
— eTukTuk (@eTukTukio) January 17, 2024
eTukTuk operates on the Binance Smart Chain (BSC), which allows it to use a decentralized sharing economy for scalability, security, and efficiency.
Stake And Play-To-Earn, Earn Passive Income
You can also earn passive income with eTukTuk by buying and staking your $TUK tokens for a 178% annual percentage yield (APY).
Introducing Buy and Stake mechanism, get $TUK tokens and instantly stake them, initiating a dynamic APY.
Early stakers enjoy higher returns as APY adjusts with participation, encouraging early adoption and a fair, enticing incentive structure for all. 💫 pic.twitter.com/pMrXEZzB3f
— eTukTuk (@eTukTukio) October 10, 2023
eTukTuk also plans to launch a play-to-earn (P2E) game, Crazy Taxi, with its development already underway. In the game, players will be ferrying passengers to different locations on the busy streets of Sri Lanka. Upon successful completion of a mission, players earn $TUK tokens.
YouTube analyst Alessandro De Crypto says eTukTuk has the potential to explode on launch.
https://www.youtube.com/watch?v=AEVX8Yba3qs
The eTukTuk presale is in its 12th stage, with less than seven days before prices go up. As such, you still have time to buy TUK at a discounted price of $0.027.
You can buy $TUK tokens today by visiting the official eTukTuk website. Swap BNB or USDT for $TUK tokens or buy directly using your bank card.
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