The digital currency RNDR has jumped up by 12% after Apple showcased Octane software. Many people trading cryptocurrency think that Apple mentioning the software briefly has caused RNDR to go up. RNDR, which is linked to the Render Network, a platform for GPU rendering, has been going up steadily in the past week. It rose by more than 40% by May 8, 2024. On Friday, it almost hit $12, marking a 12% increase. The rise matches with Apple mentioning Render in a video promoting its latest iPad with the M4 chip.

Apple talked about Octane software, which is a powerful GPU rendering engine known for making high-quality, realistic images. This software is supported by Render network, letting artists scale their rendering work on-demand with GPU nodes. Tim Millet, Apple's VP of platform architecture, mentioned Octane during a keynote promoting the new iPads. He said Apple users could use the powerful rendering of M4 by accessing high-performance GPU compute power on Render using Octane software.

Render confirmed that Octane mentioned by Apple was their software when they shared the clip on their X account on May 7. RNDR's price almost hit $12 after being less than $10 just a week ago. Its market cap climbed above $4 million with this rise.

Despite the market going down, RNDR hasn't been affected much. A crypto trader called Mister Crypto mentioned this on X. While Bitcoin's performance has been fluctuating, RNDR seems steady. Bitcoin fell below $62,000 and then went back up from $57,000 last week, recovering by over 6.62%. Currently, Bitcoin is trading above $62,900 with a total market capitalization of $1.2 trillion.

In conclusion, RNDR's recent surge can be attributed to Apple's mention of Octane software, highlighting its capabilities. Despite market fluctuations, RNDR has shown resilience, attracting attention from crypto traders amid the ongoing developments.