{"id":72051,"date":"2024-02-22T06:36:45","date_gmt":"2024-02-22T10:36:45","guid":{"rendered":"https:\/\/coinscreed.com\/staging\/?p=72051"},"modified":"2024-09-13T02:47:39","modified_gmt":"2024-09-13T06:47:39","slug":"ai-crypto-tokens-record-massive-double-digit-earnings","status":"publish","type":"post","link":"https:\/\/coinscreed.com\/staging\/ai-crypto-tokens-record-massive-double-digit-earnings\/","title":{"rendered":"AI-crypto Tokens Record Massive Double-digit Earnings"},"content":{"rendered":"\n

On February 21, numerous crypto tokens and traditional securities powered by artificial intelligence<\/a> (AI) experienced favorable growth despite a more extensive market downturn.<\/p>\n\n\n\n

\"AI-crypto
AI-crypto Tokens Record Massive Double-digit Earnings<\/figcaption><\/figure>\n\n\n\n

Prominent AI-based cryptocurrency tokens experienced double-digit growth in value after their market capitalization doubled in a month.<\/p>\n\n\n\n

In the preceding twenty-four hours, Render (RNDR), an Ethereum-based network that enables decentralized GPU rendering, has increased by more than 17%. <\/p>\n\n\n\n

Similarly, the utilization of The Graph (GRT), an indexing protocol designed to facilitate efficient queries of blockchain data<\/a>, has witnessed a growth of 18% within the last twenty-four hours. Daily gains for Fetch.AI (FET) and SingularityNet (AGIX) are 11% and 33%, respectively.<\/p>\n\n\n\n

\"\"
AI crypto token price momentum. Source: Coingecko<\/figcaption><\/figure>\n\n\n\n

Since Nvidia's quarterly earnings report, the valuation of AI-based tokens has increased by more than 9 percent to $17.8 billion. This month, the market capitalization of AI tokens increased from $7 billion to $17 billion.<\/p>\n\n\n\n

Nvidia's recent earnings report provided a boost to the AI tokens. Still, momentum for AI-related tokens has been increasing since last week, when OpenAI unveiled its text-to-video tool Sora, and the weekly trade volume reached its most significant level in a year.<\/p>\n\n\n\n

\"\"
AI tokens weekly volume. Source: Kaiko<\/figcaption><\/figure>\n\n\n\n

Numerous individuals ascribed the positive market expansion of AI tokens to Nvidia's most recent earnings report for the fourth quarter, which exceeded market expectations. <\/p>\n\n\n\n

The semiconductor manufacturer reported $22.1 billion in revenue, more significant than the $20.4 billion forecast by Wall Street. Revenue from Nvidia's AI data centers increased by a factor of five during the January quarter of 2018 compared to last year.<\/p>\n\n\n\n

Jensen Huang, the chief executive officer of Nvidia, attributed the increase in revenue and sales to the burgeoning global demand for generative AI. With a market capitalization of $1.67 trillion, the chipmaker has surpassed Tesla as the most actively traded stock in the world.<\/p>\n\n\n\n

The surge in Nvidia's AI operations positively impacted the AI cryptocurrency<\/a> market, causing a number of AI-focused equities to reach all-time highs. During morning trading on February 21, Taiwan Semiconductor Manufacturing Company \r\n \r\n \r\n \r\n <\/g>\r\n \r\n \r\n \r\n <\/clipPath>\r\n <\/defs><\/svg><\/span><\/a>(TSMC), a significant contract chipmaker and Nvidia supplier, surged as high as 2.05%.<\/p>\n\n\n\n

Similarly, during after-hours trading on February 20, shares of server component supplier Super Micro Computer rose 11.42 percent. ASML, a Dutch semiconductor equipment manufacturer, increased 2.7% in after-hours trading.<\/p>\n","protected":false},"excerpt":{"rendered":"

On February 21, numerous crypto tokens and traditional securities powered by artificial intelligence (AI) experienced favorable growth despite a more extensive market downturn. Prominent AI-based cryptocurrency tokens experienced double-digit growth in value after their market capitalization doubled in a month. In the preceding twenty-four hours, Render (RNDR), an Ethereum-based network that enables decentralized GPU rendering, […]<\/p>\n","protected":false},"author":12,"featured_media":72060,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[26],"tags":[17099,2187,2271,14081],"class_list":["post-72051","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cryptocurrencies","tag-ai-tokens","tag-fetch-ai","tag-nvidia","tag-openai"],"jetpack_featured_media_url":"https:\/\/coinscreed.com\/staging\/wp-content\/uploads\/2024\/02\/image-82.png","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts\/72051","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/users\/12"}],"replies":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/comments?post=72051"}],"version-history":[{"count":0,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts\/72051\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/media\/72060"}],"wp:attachment":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/media?parent=72051"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/categories?post=72051"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/tags?post=72051"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}