The upcoming NVIDIA GTC in San Jose is the talk of the town, with AI enthusiasts eager for the event. This anticipation has fueled a notable rise in AI-centric cryptocurrencies. Among these, Render (RNDR), Bittensor (TAO), The Graph (GRT), Fetch.AI (FET), and SingularityNET (AGIX) have shown remarkable growth. This surge reflects the growing interest in AI technologies and their potential impact on the market.
Render (RNDR)
Render (RNDR), a forefront decentralized platform for rendering and AI processing that leverages GPU power, is currently among the standout AI-focused cryptocurrencies. Amidst a market phase of consolidation, Render’s valuation soared to unprecedented heights. The RNDR token has seen remarkable growth across various periods, capturing the attention of cryptocurrency enthusiasts.
RNDR price chart
Over the recent week, RNDR has climbed by 10%, with a monthly increase of 115%. Presently, RNDR is valued at $11.74. On March 18, 2024, it reached a new peak of $13.59, propelled by the buzz around the upcoming NVIDIA GTC24 event.
Bittensor (TAO)
Bittensor (TAO), a pioneer in the realm of decentralized machine learning networks on the blockchain, is revolutionizing how machine learning models collaborate and train. This unique protocol rewards contributions with TAO based on the added value to the network.
Over the past year, TAO has skyrocketed by 788%, with its current price standing at $673. Now ranked 29th with a market capitalization of $4.33 billion, TAO is poised to lead the AI altcoin market, especially with the NVIDIA Conference on the horizon.
The Graph (GRT)
The Graph, known for its data indexing protocol for networks like Ethereum and IPFS, supports numerous applications across DeFi and the wider Web3 ecosystem. Its price today is $0.396, having experienced a 77% increase over the last month. With a market cap of $3.74 billion, The Graph holds the 34th position in the CoinMarketCap rankings.
Fetch.ai (FET)
Fetch.ai (FET) is currently at the forefront of the artificial intelligence arena with its innovative venture. This project is pioneering a decentralized network for machine learning, utilizing blockchain technology to streamline and enhance digital transactions. The goal is to boost operational efficiency and elevate the overall user experience.
FET price chart
In recent developments, Fetch.ai has experienced a remarkable surge in its market value, with an 186% increase observed over the past month. This surge has elevated its trading price to $2.48. Over the past two years, the value of FET has skyrocketed by 485%, reaching a new peak. Currently, the market capitalization of FET stands at approximately $2 billion, with its daily trading volume exceeding $600 million.
SingularityNET (AGIX)
SingularityNET (AGIX) has also been in the spotlight within the cryptocurrency community, particularly over the last year, due to its impressive performance. The value of this AI-centric altcoin has climbed by more than 122% in just the past month, highlighting its potential in a market that is still uncovering the full capabilities of AI technology.
AGIX’s current trading price is $1.05, with a market capitalization of $1.34 billion. This positions it as one of the top performers among AI-focused cryptocurrencies, reflecting the growing enthusiasm and investment in the AI sector within the cryptocurrency market.
Conclusion
The optimism surrounding NVIDIA’s conference has significantly influenced the cryptocurrency market, particularly AI-focused tokens. These digital assets are now in the spotlight, showcasing the tight link between technological advancements and cryptocurrency trends.
