Artificial Intelligence (AI)-related tokens took the lead Thursday, with Fetch.ai (FET) rallying 35% in 24 hours, followed by SinglarityNET (AGIX), which jumped 30%. According to Miles Deutscher, a crypto analyst, AI-related tokens are pumping as the global AI Nvidia conference for developers and engineers approaches on March 18. Deutscher tweeted he expects the AI-run to continue. Render (RNDR), a GPU marketplace that lets users contribute computational power to 3D rendering projects and earn tokens in return, also rallied, gaining 31%. AI-related tokens witnessed a surge late last month after Nvidia beat fourth-quarter earnings estimates. Strahinja Savic, head of data and analytics at FRNT Financial, said it’s important to question how effective exposure is to artificial intelligence via these AI-themed tokens as most don’t actually have a direct connection to the adoption being driven by OpenAI or Google’s Gemini. Gemini is Google’s family of AI models, similar to OpenAI’s ChatGPT.
Related posts
-
200 Million XRP Tokens On The Move, Where Are They Headed?
On-chain transaction data shows the XRP ecosystem recently witnessed an enormous movement of 200 million XRP... -
DeFi Tokens Plunge 10%-20%, Led by Pendle Amid Weak Crypto Price Action This Week
The DeFi sector’s struggle coincided with a period of lull in the crypto market, with bitcoin... -
Deadline Is Fast Approaching for STC Wallet Users – Don’t Forget To Redeem Tokens
Student Coin holders on STC Wallet should hurry up...