When it comes to RENDER, many people will directly associate it with NVIDIA — and that's actually reasonable.
The core of this project is a decentralized GPU computing power rental platform. Simply put, it involves leasing out your idle GPU graphics cards in exchange for income, while enterprises with AI computation and 3D rendering needs come here to rent computing power. It sounds simple, but the demand is real — AI models are increasingly demanding more computing power, and cloud computing resources are always in short supply.
Why does RENDER's stock price move in close correlation with NVIDIA? The reason is straightforward: as soon as hardware giants report impressive earnings or news of AI chip shortages emerges, the market tends to treat RENDER as an alternative investment and hype it up. This correlation is not accidental but a true reflection of the market's perception of computing power scarcity.
What is the most critical turning point? RENDER successfully migrated to the Solana blockchain. This not only significantly increased transaction speed and reduced fees to nearly negligible levels but also directly tapped into the growth dividends of the entire Solana ecosystem. The token has also been renamed to RENDER on some exchanges, improving liquidity.
However, risks must be clearly understood. If NVIDIA's stock price suddenly crashes, or if centralized giants like AWS or Google Cloud start a price war, RENDER's popularity could be significantly impacted. While there is a business moat, it is not invincible.
From a technical perspective, if the KD indicator stays above 80 and remains stuck for more than three days, this is called "overbought stagnation" in traditional technical analysis — simply put, the indicator has failed, but the price continues to push upward. This is usually a sign of a strong stock and often indicates further gains.