Render (RNDR), an AI-based altcoin, has experienced a significant price drop, declining by 6% over the past week. This drop persists despite a temporary market recovery, signaling an impending correction in the market.
The decline in Render (RNDR) price happens at a critical time as NVIDIA (NVDA), a major chip and technology company, is preparing to announce its second-quarter earnings next week on August 28. Investors and market watchers are keen to see if NVIDIA’s financial performance could have a positive impact on RNDR.
Overall, the market sentiment around Render (RNDR) remains cautious as it awaits external factors like NVIDIA's earnings report to potentially stabilize or revive its price.
