Render (RNDR), an Artificial Intelligence (AI) based protocol, saw a massive increase in its price today. Along with this tremendous growth, the token's weekly price increase also increased by 31%, erasing all losses.
Render (RNDR) Had a Big Rise
At the time of writing, the price of RNDR had risen by 40.22% to $3.20 in the last 24 hours.
This growth spurt is also supported by the transaction volume, which reached $359,723,888, an increase of up to 384%.
This observable bullish resurgence can be attributed to the community rallying around Proposal RNP-007.
This offering essentially aims to introduce FEMDL Innovation, a computational client and platform that enables developers and businesses to easily, economically and securely build, deploy and monetize large language models (LLMs) and other generative AI applications.
While Render's primary business model involves connecting GPU miners to studios in need of computing power, the FEMDL platform is the protocol's approach to providing a much-needed solution in an era where millions of people are interacting with Large Language Model-powered chatbots.
*This is not investment advice.