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The price of Render rose sharply on Friday as the AI crypto token continued the outperformance seen this past week. RNDR traded more than 5% up to highs of $2.25 in the 24-hour period to the time of writing, with weekly and monthly gains at 13% and 52% respectively. <\/span><\/p>\n Recent upward momentum has benefited from AI hype driven by forecasts from mainstream companies<\/a>, including Microsoft, Nvidia and Palantir.<\/span><\/p>\n Render\u2019s upside appears to have defied likely sell-off pressure after on-chain data<\/a> revealed FTX\/Alameda had moved over 974k RNDR tokens. While the transfer of the tokens, valued around $2 million at the time, was probably for selling purposes, the market\u2019s reaction kept bulls in control.<\/span><\/p>\n This positivity for the altcoin also came after a community vote passed the RNP-005: Beam Compute Client proposal<\/a>.<\/span><\/p>\n As the Render Network X account shared early Friday, the core proposal submitted on October 23 had passed. RNP-005 saw 1.4 million RNDR, or 99.79% of votes, support the onboarding of cloud platform Beam, which could become the second Compute Client leveraging Render Network\u2019s GPUs for machine learning (ML) workloads.<\/span><\/p>\n The community vote for RNP-005 is now closed. The proposal has been passed with 1.4M RNDR (99.79%) for approve and 2.9K RNDR (.21%) for Deny.<\/p>\n The proposal now moves onto “Render Network Team Review.” If it passes technical feasibility the Foundation will post the final RNP-005\u2026 pic.twitter.com\/JyUeev4zNj<\/a><\/p>\nRNDR price up as community votes for key proposal<\/span><\/h2>\n
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