Daily Top Performer — Render Network (RNDR)
Last week, the SPX index is down 0.13%, due to underperformance in real estate, healthcare, and technology sectors. The broader cryptocurrency market is down, with bitcoin and Ether dropping by 0.73% and 1.16%, respectively in the past 24 hours.
Today’s outperformer is RNDR, which jumped 26.23% following Render Network weekly highlights on AI advances, spatial computing, and community milestones.
Render Network (RNDR), launched on April 2017, leverages blockchain to connect users’ spare GPU power for rendering tasks, compensating them with its native token. This peer-to-peer network enhances the affordability and efficiency of producing 3D content for the metaverse and beyond. The Render Network’s latest roundup highlights key AI and spatial computing updates, including NVIDIA’s GTC 2024 insights, advancements in AI applications like Google DeepMind’s SIMA, and web3 convergence on solana. It features collaborations and discussions on the future of DePIN, significant AI and spatial media developments, and community milestones like Beeple’s digital art anniversary and the introduction of Grass, a Layer 2 Data Rollup for AI and DePIN. Also spotlighted are upcoming events such as NFT.NYC 2024 and the continuous evolution of AR and AI technologies.
Check Out the Latest Prices, Charts, and Data of ,RNDRUSDT, Perp and ,RNDR/usdt, Spot!
Talk of the Town:
Self Chain’s Incentivized Testnet 2 has been extended to March 29th to further prepare for a robust mainnet launch in April. This phase is crucial for testing security, scalability, and identifying any vulnerabilities within the network. Self Chain invites validators and stakers to join and contribute to building the first Intent-Centric Access Layer 1 Blockchain and Keyless Wallet infrastructure service. The testnet aims to demonstrate Self Chain’s capabilities in handling modern digital asset management demands and to perfect the platform through collaborative bug hunting. Registration opened on February 27th, with the testnet initially launching on February 29th and now extended due to a code audit. This testnet phase is an opportunity for participants to engage directly in the network’s development, offering a glimpse into the future of decentralized finance and showcasing Self Chain’s commitment to enhancing blockchain interoperability and user experience.
Check Out the Latest Prices, Charts, and Data of ,FRONTUSDT, Perp!
Macro Events to Watch:
Date
,
Report
,
Previous
,
Mon, Mar. 18
,
NAHB Housing Market Index MAR
,
48
,
Mon, Mar. 18
,
3-Month Bill Auction
,
5.25%
,
Mon, Mar. 18
,
6-Month Bill Auction
,
5.1%
In February 2024, the NAHB/Wells Fargo Housing Market Index in the US reached a six-month high of 48, indicating a continued improvement in builder sentiment due to expectations of moderating mortgage rates, potential Federal Reserve rate cuts, and ongoing inventory shortages. This optimistic outlook is supported by increases in the sub-indexes for current and prospective single-family home sales, alongside a rise in the gauge for prospective buyers. NAHB Chairman Alicia Huey expressed confidence that buyer activity would increase with the anticipated decline in mortgage rates. Additionally, on March 18, the US 3 Month and 6 Month Bill Bond Yields were noted at 5.47% and 5.36%, respectively, highlighting economic factors influencing the housing market’s dynamics.
Airdrop to Watch:
The bitcoin Ordinals project launched a highly anticipated Runestones airdrop, distributing over 90% of the tokens to 112,383 eligible wallets, with 90,623 owners currently holding them. These Runestones, trading at around $1,200 each on secondary markets like Magic Eden and Ordinals Wallet, were awarded to early participants in the Ordinals ecosystem without any team allocation or pre-sale. The initiative precedes the launch of the Runes protocol by Ordinals creator Casey Rodarmor, offering a UTXO-based alternative to the BRC-20 standard for inscribing arbitrary data onto bitcoin, aiming for energy efficiency. The Runestone, set to become a Runes token upon the new protocol’s activation, boasts a market cap of approximately $125 million, with significant trading activity indicating strong interest in this novel blockchain utility.
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