RNDR Price Stagnates Following Apple Vision Pro Release

Source : CMC Community

Apple Vision Pro, a virtual reality (VR) headset product, was launched on Friday morning (2/2/24) in the United States. The associated cryptocurrency asset, Render (RNDR), seems to show no significant price movement.

Apple Vision Pro Priced at Approximately $55,000

On Friday morning (2/2/24) at Apple's New York City Flagship Store, Apple CEO Tim Cook welcomed customers waiting to enter the store to purchase the latest product, the Apple Pro Vision headset.

Tim Cook has long spoken about the potential of virtual and augmented reality (VR/AR) to assist people in communication and collaboration. Now he wants to prove that there is a device that combines both VR and AR, a technology that displays virtual images in live video from the real world, namely the Apple Vision Pro.

The device seems to be not quite budget-friendly. The Apple Vision Pro is priced at $3,499 or about $55,000. The headset will have 256 GB of storage, excluding prescription lens inserts priced at $149 and reading lens inserts starting at $99.

After purchasing other additional accessories, the total cost is estimated to reach $4,600 or about $72,000.

RNDR Price Stagnant Post Launch

The crypto project Render is often associated with Apple's headset product. In May 2023, when Apple first planned to launch this product, the RNDR token price responded positively to this news. Render's parent company developed the OctaneX rendering application, claimed to be used on the Apple Vision Pro.



This time, the RNDR price initially responded positively, a few hours after the headset's launch, with an increase of nearly +10%, from $4,575 to $5,015. However, this price increase did not last long; as of the creation of this article (5/2/24), RNDR was trading at $4,444, a -7.2% decrease in the last 24 hours.

It appears that the release of the Apple Vision Pro product was not enough to push RNDR past the $5.27 level reached at the end of 2023. In the one-hour timeframe, RNDR appears bearish, and the $4.2 support level is likely to be the next price target.

*Disclaimer:

This content aims to enrich reader information. Always conduct independent research and use disposable income before investing. All buying, selling, and crypto asset investment activities are the reader's responsibility.