With the crypto market turning bullish, investors are optimistic about altcoins. This attention will most likely end up on AI Crypto or Artificial Intelligence-based cryptocurrencies due to the upcoming NVIDIA earnings in November. Let’s explore 3 AI coins that could explode next. The artificial intelligence (AI) crypto sector is gaining momentum as investors focus on AI-powered altcoins.
Top 3 AI Cryptos to Surge Before Nvidia
AI Cryptocurrencies leverage cutting-edge AI technology and have revolutionized many aspects of our day-to-day life. From an investment standpoint, this technology has garnered a lot of attention from investors, be it pure AI technology or its derivatives like AI crypto. Nvidia Corporation is the common link between all these AI companies, and its earning report, set to be released on November 19, 2024, will influence both traditional and crypto markets. As a result, investors should focus on these 3 AI crypto that could explode ahead of Nvidia’s event.
1. Bittensor (TAO) – AI Coin
Bittensor (TAO) is revolutionizing AI by merging blockchain technology with machine learning. This initiative fosters a collaborative and accessible platform for AI development. Over the past week, Bittensor’s price has surged 17%, reflecting growing investor confidence.
The Current TAO price is $577; it has seen a remarkable year growth of 1087%, positioning itself as a leader in the AI crypto segment. With its market cap leading in the space, the token recently traded above $580, reaching a monthly high of $683. If bullish sentiment mounts more pressure, the AI crypto could hit $700 before the company’s November earnings.
2. Fetch Ai (FET) – Decentralized AI Crypto
Fetch Ai (FET) is transforming the blockchain landscape with its cutting-edge machine-learning network. The platform aims to decentralize and optimize online transactions, improving user experiences.
By advancing artificial intelligence technology, Fetch.ai is helping make AI solutions more accessible to a broader audience.
The value of FET is at $1.39, surging by 1%, indicating a positive market sentiment and growing investor confidence in the project’s potential for continued growth.
FET shows strength as the market anticipates Nvidia’s upcoming earnings report. Whale transactions exceeding $100K have notably increased, fueling bullish sentiment.
The growing activity among large investors suggests confidence in Fetch.ai’s potential, especially as AI and blockchain continue to merge. The santiment data highlights a strong correlation between whale activity and price movements, further driving market optimism.
WorldCoin (WLD)
WorldCoin (WLD) is spearheading efforts to create the largest global network for identity and financial services, positioning itself as a community-owned resource. The project centers on World ID, a privacy-focused global identification system.
Over the past year, WLD has surged by over 40%, making it a top investment pick, especially with Nvidia’s upcoming earnings in focus. The latest WLD price is at $2.22, with a slight 2% dip in the last 24 hours. Recently, WorldCoin launched its new layer-2 network, World Chain, aimed at boosting efficiency and functionality for its users.
World Chain is now open to every human 🫡 pic.twitter.com/5lVdVM9Em0
— World (@worldcoin) October 18, 2024
AI Crypto tokens are emerging as key players in the broader cryptocurrency market, driven by Nvidia’s advancements in AI technology. As Nvidia’s November earnings approach, traders and investors are keenly anticipating how these AI-driven coins will respond, potentially leading to a significant surge in the market.
Frequently Asked Questions (FAQs)
Nvidia is a key player in AI hardware and technology. Positive earnings could signal broader growth in AI sectors, potentially boosting investor interest in AI-powered cryptocurrencies.
World Chain is WorldCoin’s new layer-2 network designed to improve the speed, efficiency, and scalability of its services, potentially making it more attractive to investors.
Positive earnings from Nvidia could reinforce the importance of AI technologies, potentially leading to a surge in AI crypto prices due to increased market excitement and investor interest.
Coingape Staff
CoinGape comprises an experienced team of native content writers and editors working round the clock to cover news globally and present news as a fact rather than an opinion. CoinGape writers and reporters contributed to this article.
Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.
Source: https://coingape.com/markets/3-ai-crypto-likely-to-explode-ahead-of-nvidias-november-earnings/
✓ Share: