Apple's promotional video briefly mentioned Octane, which may be the reason for RNDR's previous rise

BlockBeats news, May 10, according to Cointelegraph, in Apple's keynote speech on May 7, its vice president of platform architecture Tim Millet demonstrated the M4 chip on the latest iPad and briefly mentioned Octane, a creative workflow software supported by the Render network, after which Render Token (RNDR) rose 11%.

During this 4-minute keynote speech, Tim's brief 3-second mention of the software caught the attention of traders and was considered by many commentators to be a factor in the rise in RNDR prices over the past week. Tim said: "Professional rendering applications like Octane will shine," and mentioned the performance of the software on the new iPad. Anonymous cryptocurrency trader D0c Crypto shared in a post on May 7: "You can actually see the RNDR token's logo in the video."

After Apple's announcement on May 8, the price of the RNDR token soared 11%, bringing the token's overall increase of 40% in the past seven days. According to OKX market data, RNDR is currently reported at $11.14.