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U.S. equities fell yesterday by 0.63% as the market felt mixed due to limited progress in the meeting between President Biden and bipartisan Congressional leaders concerning the debt ceiling. The broader cryptocurrency market is also down, with Bitcoin and Ether dropping 1.45% and 0.27%, respectively, in the past 24 hours.
Today's outperformer is RNDR, which surged 8% due to speculations that Apple is launching a Mixed-Reality headset which will up the demand for Render’s decentralized GPU solution.
Launched on April 2017, Render Network (RNDR) is a blockchain-based project that allows users to contribute their spare GPU power for the rendering of motion graphics and visual effects. Think of it like Airbnb, but instead of renting out spare rooms, you are renting out your spare GPU in exchange for the network's native utility token.
The project’s peer-to-peer network offers an affordable and efficient way for individuals and businesses to access underutilized computational power to help with rendering and streaming 3D environments. With Apple registering the trademark ‘xrOS’, it hints their upcoming VR/AR headset, is expected to be announced at the annual Worldwide Developers Conference (WWDC) on June 5. An Apple VR/AR headset will push the VR/AR industry forward, and greatly increase the demand for GPU rendering, a service that Render provides. The future looks exciting for the $RNDR token.
Check Out the Latest Prices, Charts, and Data of RNDRUSDT!
Asymmetry Finance has joined the liquid-staking Ethereum market with the launch of safETH, a token that presents a basket of market-leading liquid-staked tokens (LST). This was announced together with their $3 million seed funding round led by Ecco Capital, bringing the company's total valuation to $20 million. Asymmetry's vision, starting with safETH, is to mitigate risk with a "fee-free decentralized asset basket" that avoids the central point of failure and regulatory risk. The company is positioning itself as an alternative to popular decentralized Ethereum staking services like Lido Finance and Rocket Pool.