AI Coins Rally Another 20% Before Nvidia GTC Conference, What’s Ahead?

Artificial Intelligence (AI) coins have continued to make massive moves in recent weeks amid major developments in the global AI space. In the last 24 hours, the AI coins index has surged by an additional 16% in the last 24 hours, with their total market cap surging past $26 billion, as per data on CoinGecko. The total trading volume across the AI coins sector has surged above $3.5 billion.

About the Nvidia GTC Conference

Nvidia CEO Jensen Huang is set to commence Nvidia’s annual GTC conference on Monday, March 18, with a two-hour keynote at the SAP Center in San Jose, Calif., unveiling the company’s upcoming plans for the year. Historically, Nvidia has utilized this platform to unveil some of its most significant products.

In the previous year, in 2022, it introduced its Hopper graphics architecture and H100 graphics processing unit, which has since become the preferred choice for companies involved in training and deploying AI models. This year, there are widespread expectations that Nvidia will unveil successors to Hopper and the H100, potentially igniting a new wave of interest in the company’s offerings. Last week, Nvidia provided a glimpse into its upcoming launch of the Blackwell B100 AI GPU.

In another development, NVIDIA and Google forged a strategic partnership aimed at integrating Google’s Gemma AI technology into NVIDIA’s suite of products.

AI Coins on the Radar

As anticipation builds for the upcoming Nvidia GTC conference, the market for AI tokens experiences a notable uptick, with prices soaring by over 16.8% within a 24-hour period. Among the standout performers, RNDR leads the charge with a remarkable 17.4% increase, closely followed by TAO, which sees a rise of 7.5%. Additionally, FET records a notable uptick of 14%, further underlining the bullish sentiment surrounding AI-related assets ahead of the conference.

Some of the biggest gainers in the past 24 hours within the AI coins sector are Rosnet, Precipitate.ai, and LaLM AI, each of which has gained over 50%.

The prevailing trend continues to center around the Artificial Intelligence (AI) narrative, propelling AI-based altcoins to significant gains. Fetch.AI (FET) has surged by an impressive 528% in a mere 28 days, while Worldcoin (WLD) has seen a remarkable rally of 456% within the same period. With the imminent Nvidia AI conference on the horizon, these AI tokens are poised to benefit further from the industry’s momentum.

Bhushan is a FinTech enthusiast and holds a good flair in understanding financial markets. His interest in economics and finance draw his attention towards the new emerging Blockchain Technology and Cryptocurrency markets. He is continuously in a learning process and keeps himself motivated by sharing his acquired knowledge. In free time he reads thriller fictions novels and sometimes explore his culinary skills.

The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.