AI Crypto Coins Rally Begins Ahead of NVIDIA May 22 Earnings, This Lesser-Known Coin Poised for Biggest Rise

Last updated: May 9, 2024 12:24 pm EDT | 2 minutes of reading

AI Coins represents one of the fastest growing crypto sectors

Many crypto tokens attached to leading AI/blockchain projects are rallying strongly ahead of Nvidia’s earnings report on May 22.

Nvidia is the leading AI play in the stock market.

The stock has an astonishing market capitalization of $2.2 trillion and some of the higher returns of any asset.

For comparison, Bitcoin holds the majority of the $2.37 trillion crypto market with a capitalization of $1.2 trillion.

Nvidia shares fell 2% today, roughly in line with the decline in Bitcoin and Ethereum ($ETH) over the past 24 hours. However, while Nvidia has only moved around 4% in the last month, several AI coins have exploded in the last seven days.

Most of the top ten AI-related cryptocurrencies rose by double-digit percentages last week.

The market value of US$4.1 billion Render ($RNDR) jumped nearly 40% to trade at $10.68.

The only industry token that matched its performance was the AIOZ Network ($AIOZ), which rose 35% to $0.8402.

Several leading AI coins are up between 20-30% this week. They include Arkham ($ARKM), Golem ($GLM), and Akash Network ($AKT).

Another top ten AI cryptocurrencies posted 10% intraweek gains: $5.5 billion market cap sector leader Fetch.AI ($FET), along with Ocean Protocol ($OCEAN), SingularityNET ($AGIX ) and The Graph ($GTR).

Worldcoin ($WLD) also had a good week.

While not an AI currency as such, the token – which hopes to fund the planet’s legions of unbanked people by scanning their eyeballs, confirming and storing the data, and providing cryptography in return – is owned by Sam Altman.

He is also the CEO of OpenAI, the progenitor of the popular ChatGPT, so $WLD can also be considered a proxy for OpenAI.

WLD is up 18% this week.

Meet Crypto’s First AI Trading Companion: WienerAI

The above-mentioned AI crypto projects offer a distinct utility that makes life easier in a smart way. However, none of them have any character.

An AI project will change the way people view AI in cryptography. Its developers are so ambitious that they believe their integrated AI offering can become every cryptocurrency trader’s best friend.

Enter Wiener AI. $WAI is a new meme token and AI companion that could generate some potentially impressive rallies once news about its flagship offering breaks.

The pre-sale is barely a month old and has already discreetly raised US$1.4 million.

Touted as a “revolutionary AI trading partner,” WienerAI ($WAI) is a digital companion that offers its owners easy-to-use, AI-enhanced trading advice, seamless exchange functionality, and zero fees.

The WienerAI smart contract was audited by Coinsult, a blockchain security platform that performs security checks on various cryptographic and blockchain platforms. About 20% of $WAI supply is for staking. WienerAI website to encourage

Buyers will stake during the pre-sale in order to take advantage of the lucrative yield, which currently stands at 691% APY.

Stay up to date with WienerAI news at X It is Telegram.

Participate in the pre-sale now on the WienerAI website.

Disclaimer: Crypto is a high-risk asset class. This article is provided for informational purposes and does not constitute investment advice. You can lose all your capital.

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