Nvidia GTC anticipation increases the market for AI coins by 16.8% in 24 hours. RNDR rises 17.4%, while TAO rises 7.5%, making them notable performers.
Amid significant developments in the global AI industry, Artificial Intelligence (AI) coins have continued to experience enormous price fluctuations in recent weeks.
According to data from CoinGecko, the AI coin index has experienced an additional 16% increase in the last 24 hours, with a total market cap that has surpassed $26 billion.
The total trading volume within the AI coins industry has surpassed $3.5 billion.
About the Nvidia GTC Conference
On Monday, March 18, Nvidia’s annual GTC conference will begin with a two-hour keynote address by Nvidia CEO Jensen Huang at the SAP Center in San Jose, California.Â
During the address, Huang will disclose the organization’s forthcoming initiatives for the year.
At various points in time, Nvidia has introduced some of its most consequential products via this platform.
It introduced the Hopper graphics architecture and H100 graphics processing unit in the previous year, in 2022.Â
Since then, organizations engaged in the training and deployment of AI models have favored these components.
Widespread anticipation exists that Nvidia will introduce successors to the Hopper and the H100 this year, which could spark a renewed surge of interest in the firm’s products.
Nvidia unveiled a foreshadowing of the forthcoming Blackwell B100 AI GPU last week.
An additional development occurred when NVIDIA and Google established a strategic alliance to incorporate Google’s Gemma AI technology into the product lineup of NVIDIA.
AI Coins On the Radar
As interest in the forthcoming Nvidia GTC conference increases, there is a significant surge in the price of AI tokens, with valuations exceeding 16.8% within a 24-hour period.
However, RNDR emerges as the most notable performer, experiencing an impressive growth of 17.4%. TAO follows suit, observing a rise of 7.5%.
Moreover, FET experiences a significant increase of 14%, providing additional evidence of the optimistic outlook concerning AI-related assets ahead of the conference.
Rosnet, Precipitate.ai, and LaLM AI are a few of the top gainers in the AI coins market during the last 24 hours, with gains of more than 50%.
The dominant current revolves around the narrative surrounding artificial intelligence (AI), which has led to significant gains in altcoins based on AI.
Fetch.AI (FET) has surged by an impressive 528% in a mere 28 days, while Worldcoin (WLD) has seen a remarkable rally of 456% within the same period.
AI tokens are well-positioned to capitalize on the industry’s momentum, particularly in light of the forthcoming Nvidia AI conference.
