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AI on the Rise: Injective, Render, and BorroeFinance Surge in 30-Day Market Rally 4m ago by beincrypto.com

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Artificial intelligence (AI) is here to stay. Businesses ready to ride on the tech’s wings stand to reap enormous profits.

The technology has already proven to be one of the most transformative in the 21st century, and its impact is being felt across major industries, including the multi-trillion dollar finance industry.

Based on Grand View Research estimates, the global AI industry will be a $1.81 trillion behemoth by 2030, growing at a compound annual growth rate (CAGR) of 37% in the next seven years. By 2032, the same industry will command a valuation of $2.5 trillion, according to Precedence Research.

If this guides, it is no wonder that top crypto projects integrating AI in one way or another are already growing at a rapid pace. In October 2023, BorroeFinance  (ROE), Injective Protocol (INJ), and Render (RNDR) were top-performing assets, posting double-digit growth and expanding in sync with the broader markets.

Their performance, at the start of what many analysts say is the beginning of a bull run, suggests that there is rising demand for AI-driven financial solutions with projects like BorroeFinance is emerging to fill the gap.

This article digs deeper:

BorroeFinance (ROE)

The following content does not constitute the opinion of BeInCrypto and should not be construed as financial advice

BorroeFinance operates an AI-powered funding marketplace on Polygon, a leading Ethereum sidechain whose token, MATIC, is one of crypto coin for beginners.

In this setup, it becomes easy for creators, artists, and other web3 businesses to generate instant cash flow by selling their future earnings from multiple sources like royalties, invoices, and even subscriptions. 

Web3 businesses can convert these revenue sources to non-fungible tokens (NFTs) and sell them to the supporting community at a discount. NFT holders are also free to trade them at the secondary market for a profit.

To stay on the safe side against fraudsters, the protocol relies on AI to assess risk. At the same time, the decision to launch on Polygon, a blockchain platform, means all operations are done transparently.

In the ongoing presale, BorroeFinance has raised over $1.45 million.

Injective Protocol (INJ)

Injective Protocol is a decentralized exchange built on a Layer 2 solution, the Injective Chain, using Cosmos as a base. Notably, the exchange integrates AI in its operations to optimize trading. 

Because of smart algorithms, the platform provides derivatives traders with the best possible prices, allowing them to place positions in a high liquidity environment that’s scalable and with low trading fees. 

Of note, the Protocol’s “plug-and-play” financial model makes it easier for smart, AI-reliant systems to be integrated, allowing trading across multiple marketplaces.

As the crypto market recovers from the lull of 2022 and the better part of 2023, Injective’s trading volumes have been rising in sync, buoying INJ prices. 

At spot rates, INJ is up 160% from June 2023 lows, easing past July 2023 resistance levels and printing new 2023 highs. 

Render (RNDR)

The Render Network is a decentralized rendering network that has fused AI to accelerate how graphic designers render their files, including videos. 

The community powers the platform since it operates on a peer-to-peer (P2P) model like Bitcoin. Central to this ecosystem is RNDR, its native token, which is used for payment. 

In Render’s setup, users can rent their free computing (GPU) power for RNDR. To smoothen operations, Render uses AI to schedule rendering tasks, detect errors, optimize performance, and ensure that quality is maintained at a particular level. 

The Render development team is also using AI to build a modern rendering engine that’s more performant than traditional alternatives. 

In October, RNDR extended gains, rallying by over 50%.

Conclusion

Rising ROE, RNDR, and INJ prices show that the demand for AI-driven solutions exists. This also highlights that finance is not immune to AI, and businesses preparing the way stand to benefit, rising with the tide.

Of note, BorroeFinance  is already drawing attention in the ongoing presale because of its unique approach, endeavoring to boost the liquidity of web3 businesses. Even so, whether ROE will rally to be one of the top AI projects in the months ahead remains to be seen.

Learn more about Borroe (ROE) here: Visit BorroeFinance Presale | Join The Telegram Group | Follow BorroeFinance on Twitter

Top crypto platforms in the US | November 2023

The post AI on the Rise: Injective, Render, and BorroeFinance Surge in 30-Day Market Rally appeared first on BeInCrypto.