AI Coins Surge 20% Ahead of Nvidia GTC Conference
The anticipation surrounding Nvidia’s GTC conference is fueling a significant rally in AI coins, with prices surging by 16.8% in the past 24 hours. Notably, RNDR leads the charge with a 17.4% increase, followed closely by TAO, which sees a rise of 7.5%.
The global AI space has witnessed major developments in recent weeks, driving the AI coins index to soar by an additional 16% in the last 24 hours alone. As per CoinGecko data, the total market cap of AI coins has surpassed $26 billion, with trading volumes exceeding $3.5 billion.
Nvidia CEO Jensen Huang is scheduled to kick off the annual GTC conference on March 18, unveiling the company’s plans for the year ahead. Previous conferences have seen Nvidia introduce groundbreaking products like the Hopper graphics architecture and H100 graphics processing unit. Expectations are high for this year’s event, with speculation rife about potential successors to these offerings.
Last week, Nvidia provided a sneak peek into its upcoming launch of the Blackwell B100 AI GPU. Additionally, a strategic partnership with Google aims to integrate Google’s Gemma AI technology into Nvidia’s product suite, further enhancing its offerings.
As excitement builds for the Nvidia GTC conference, AI tokens are experiencing a notable uptick, with RNDR, TAO, and FET emerging as standout performers. Some of the biggest gainers within the AI coins sector include Rosnet, Precipitate.ai, and LaLM AI, each posting gains of over 50% in the past 24 hours.
The bullish sentiment surrounding AI-related assets continues to drive significant gains, with Fetch.AI (FET) surging by an impressive 528% in just 28 days. Similarly, Worldcoin (WLD) has witnessed a remarkable rally of 456% within the same period. With the impending Nvidia AI conference, these AI tokens are poised to benefit further from the industry’s momentum.
Also, you can freely share your thoughts and comments about the topic in the comment section. Additionally, don’t forget to follow us on our Telegram, YouTube, and Twitter channels for the latest news and updates.