Many crypto tokens attached to top AI/blockchain projects are rallying hard ahead of Nvidia’s earnings report on May 22.
Nvidia is the premier AI play in the stock market.
The stock has an eye-watering market capitalization of $2.2 trillion and some of the highest returns of any asset.
For comparison, Bitcoin pulls up most of the $2.37 trillion crypto market with a capitalization of $1.2 trillion.
Nvidia’s stock is down 2% today, roughly in line with both Bitcoin and Ethereum’s ($ETH) depreciation over the last 24 hours. However, while Nvidia has only moved about 4% in the last month, several AI coins have exploded in the last seven days.
Most of the top ten AI-related cryptocurrencies rallied by double-digit percentages over the past week.
The $4.1 billion market cap Render ($RNDR) leaped nearly 40% to trade at $10.68.
The only token in the sector that matched its performance was AIOZ Network ($AIOZ), which rose 35% to $0.8402.
Multiple leading AI coins rallied between 20-30% this week. They include Arkham ($ARKM), Golem ($GLM), and Akash Network ($AKT).
Other top ten AI cryptocurrencies posted intraweek gains of 10%: the $5.5 billion market cap sector leader Fetch.AI ($FET), alongside Ocean Protocol ($OCEAN), SingularityNET ($AGIX), and The Graph ($GTR).
Worldcoin ($WLD) also had a good week.
Although not an AI coin as such, the token—which hopes to bank the planet’s legions of unbanked by scanning their eyeballs, confirming and storing the data and giving crypto in return—is by Sam Altman.
He’s also the CEO of OpenAI, the progenitor of the massively popular ChatGPT, so $WLD can be thought of as a proxy for OpenAI too.
WLD rose 18% this week.
Meet Crypto’s First AI Trading Companion: WienerAI
The aforementioned AI crypto projects offer a distinct utility that makes life easier in some clever way. However, none of them have any character.
One AI project will change the way people see AI in crypto. Its developers are so ambitious, they believe their AI-integrated offering could become every crypto trader’s Best Friend.
Enter WienerAI. $WAI is a brand new meme token and AI companion that may yield some potentially eye-watering rallies once word gets out about its core offering.
The presale is not even a month old and it has already quietly taken in $1.4 million.
Touted as a “Revolutionary AI Trading partner”, WienerAI ($WAI) is a digital companion that gives its owners user-friendly AI-enhanced trading advice, seamless swap functionality and zero fees.
Don’t be left out in the cold.
GET IT WHILE IT’S HOT
— WienerAI (@WienerDogAI) May 8, 2024
The WienerAI smart contract was audited by Coinsult, a blockchain security platform that conducts security checks on various crypto and blockchain platforms. Around 20% of $WAI’s supply is for staking. WienerAI’s website encourages
buyers to stake during the presale, in order to take advantage of the lucrative yield, which is currently 691% APY .
Keep up-to-date with WienerAI news over on X and Telegram.
Join the presale now over on the WienerAI website.
The post AI Crypto Coins Rally Begins Ahead of NVIDIA’s May 22 Earnings, This Lesser-Known Coin Poised for Biggest Surge appeared first on Cryptonews.
