AI coins have been experiencing significant growth in recent weeks, with the AI coins index surging by 16% in the last 24 hours and the total market cap surpassing $26 billion. The trading volume across the AI coins sector has also surged above $3.5 billion.
Nvidia GTC Conference: What to Expect
The Nvidia GTC conference, set to begin on March 18, will feature a keynote by Nvidia CEO Jensen Huang where he will unveil the company’s plans for the year. In previous years, Nvidia has used this platform to announce major products.
Last year, Nvidia introduced its Hopper graphics architecture and H100 graphics processing unit at the conference. This year, there are expectations that Nvidia will unveil successors to these products, generating interest in the company’s offerings. Nvidia recently provided a glimpse into its upcoming launch of the Blackwell B100 AI GPU.
In addition, Nvidia and Google have formed a strategic partnership to integrate Google’s Gemma AI technology into Nvidia’s suite of products.
AI Coins Surge Ahead of Conference
As anticipation builds for the Nvidia GTC conference, prices of AI tokens have soared by over 16.8% within a 24-hour period. RNDR leads the way with a remarkable 17.4% increase, followed by TAO with a rise of 7.5%. FET also records a notable uptick of 14%. Several other AI coins have seen significant gains in the past 24 hours.
- Rosnet
- Precipitate.ai
- LaLM AI
The prevailing trend in the AI coins sector is centered around the narrative of artificial intelligence, driving significant gains for AI-based altcoins. Fetch.AI (FET) has surged by 528% in just 28 days, while Worldcoin (WLD) has seen a rally of 456% within the same period. With the upcoming Nvidia AI conference, these AI tokens are expected to benefit further from the industry’s momentum.
Conclusion: AI Coins Poised for Growth
The AI coins sector is experiencing a surge in prices and market cap as the Nvidia GTC conference approaches. With expectations of major product announcements and partnerships, AI-based altcoins have seen significant gains. The bullish sentiment surrounding these assets is likely to continue as the industry focuses on artificial intelligence. Investors in AI coins have the potential to capitalize on this growing trend in the crypto market.
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