Blockchain-Based Render Network's Token Tracks Tech Stocks as Broader Crypto Market Decouples

Blockchain-Based Render Network's Token Tracks Tech Stocks as Broader Crypto Market DecouplesCredit: CoinDesk

CoinDesk

4 months ago

Decentralized GPU-based rendering solutions provider Render Network's native cryptocurrency RNDR has rallied in sync with technology stocks this month, defying the broader crypto market lull. Data from TradingView show RNDR has gained 6.

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According to a recent report by the prominent blockchain-based render network, their token has shown to be more resilient to the extreme volatility of the cryptocurrency market, allowing it to track the performance of technology stocks more closely. This is a major development in the crypto world, as it suggests that the crypto market is beginning to decouple from the traditional stock market.

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