Nvidia's GTC Conference: Crypto AI in Full Celebration

AI Cryptos: Simple Deception? Nothing is less certain. Despite the criticisms, these tokens persist, defying comparison to a passing fad. Instead of waning, these digital assets linked to artificial intelligence continue to impress. The latest data suggests that this trend is not about to weaken.

AI Cryptos: A Soaring Ascent Before Nvidia’s Conference

It seems that even the reservations expressed by Coinbase’s famous analyst David Han have not shaken the investor confidence in these AI cryptocurrencies. Meanwhile, the dynamism of the artificial intelligence sector, illustrated by the arrival of OpenAI’s Sora on the scene or Nvidia’s performance, further strengthens the position of AI tokens.

The Nvidia GTC conference will be held, and the price of AI tokens has increased by more than 16.8%. RNDR was up 17.4% in 24 hours, TAO was up 7.5%, and FET was up 14%. However, Coinbase’s latest report criticized AI tokens for lacking sustainable driving factors, and meme-style…

— Wu Blockchain (@WuBlockchain) March 18, 2024

According to CoinGape, Artificial Intelligence (AI) cryptocurrencies have been performing a wild dance over the past few weeks, against the backdrop of major upheavals in the global AI landscape. CoinGecko data reveals a 16% surge in the AI crypto index over the last 24 hours, propelling their total market cap beyond $26 billion – $25 billion just 10 days ago, with a trading volume exceeding $3.5 billion.

The growing anticipation of the upcoming Nvidia GTC conference has injected undeniable momentum into the AI token market, with prices soaring by more than 16.8% in just one day. RNDR leads the way with a remarkable rise of 17.4%, closely followed by TAO, boasting an increase of 7.5%. Meanwhile, FET has recorded a significant gain of 14%, reinforcing the overall optimism ahead of the event.

Rosnet, Precipitate.ai, and LaLM AI shine among the biggest winners of the day, each rising by more than 50%.

The hype invariably focuses on AI, propelling dedicated altcoins in the field to staggering gains. Fetch.AI (FET) experienced an astonishing surge of 528% in just 28 days, while Worldcoin (WLD) soared by 456% over the same period. With the Nvidia AI conference drawing near, the excitement is tangible, promising new heights for these AI gems.

Nvidia: Expectations Rise Before the GTC Conference

On the eve of Nvidia’s flagship event, all eyes are on Jensen Huang, ready to unveil the company’s future projects. Historically, the GTC conference has been the setting for major launches. Last year, Hopper and H100 were revealed, setting benchmarks in AI. This year, successors to these products are expected, sparking eager anticipation.

The recent announcement of the Blackwell B100 AI GPU provides a taste of what might be unveiled. Nvidia’s innovations promise to profoundly impact the AI and graphic processing industry.