The world of AI cryptocurrencies is gaining significant traction, especially as Nvidia (NVDA) surpasses Apple to become the second-largest company globally. With Nvidia’s recent stock split, several AI-centric tokens, including TAO, RNDR, NEAR, GRAPH, and FET, are poised for substantial price gains.
Nvidia’s Influence on AI Cryptocurrencies
Following Nvidia’s stock split, investors are increasingly eyeing AI-based cryptocurrencies, anticipating a surge in their values. Stock splits generate more shares at lower prices, fueling demand and reflecting the growing popularity of the company. Nvidia’s booming success in the computer chip industry is likely to have a ripple effect on the AI cryptocurrency sector. According to CoinGecko, there are over 170 cryptocurrencies in the AI category, making it challenging to pick the best investments. However, these five AI cryptocurrencies show great promise in significantly boosting portfolio values.
1. Bittensor (TAO)
Bittensor is an open-source protocol designed to facilitate collaborative machine learning (ML) model training. ML creators are rewarded with TAO tokens based on the value of their data contributions, creating a central repository of valuable information accessible for a fee.
Current Price: $331
Market Cap: $2.3 billion
Supply: 21 million total
Recent Activity: 60% increase in volume over the last 24 hours
TAO has established itself as an industry leader, with a limited supply and increasing market activity suggesting it is on the verge of a significant price explosion.
2. Fetch.ai (FET)
Fetch.ai is an open-source platform providing tools for developing AI-driven applications and services. The FET token is integral to the Fetch.ai protocol and operates on Binance Smart Chain (BSC), Osmosis, and Ethereum.
Current Price: $1.65
Market Cap: $4.16 billion
Recent Performance: Up 201X since its all-time low four years ago
Market Activity: 50% increase in volume
On June 11, Fetch.ai (FET) will merge with SingularityNET (AGIX) and Ocean Protocol (OCEAN) to form a new token, Artificial Super Intelligence (ASI), expected to debut with a market cap of $7.5 billion.
3. Render (RNDR)
The Render Network provides decentralized GPU-based rendering solutions, enabling node operators to offer their GPU power to artists via the cloud.
Current Price: $8.34
Market Cap: $3.3 billion
Recent Performance: Up 226X since its all-time low four years ago
Market Activity: 137% surge in daily trading volume
RNDR has seen a substantial rally, especially after Apple’s mention of Octane, a 3D design software on the Render Network, indicating strong investor interest.
4. Near Protocol (NEAR)
Near is a proof-of-stake blockchain platform designed for decentralized applications (dApps). Its Nightshade sharding technique aims to address the blockchain trilemma of scalability, security, and decentralization.
Current Price: $6.23
Market Cap: $6.7 billion
Recent Performance: Up 10X since its all-time low three years ago
Market Activity: 32% increase in daily trading volume
Near’s position as a leader in AI and scalable blockchain sectors has garnered attention from major institutions like Grayscale, which recently launched the Grayscale Near Trust.
5. Graph Protocol (GRT)
The Graph is an indexing protocol and global API that organizes blockchain data. Using GraphQL, a specialized programming language, users can develop tools to query this data efficiently.
Current Price: $0.25
Market Cap: $2.3 billion
Recent Performance: Up 3.8X since its all-time low one year ago
Market Activity: 12% increase in daily trading volume
The Graph’s innovative approach and positioning in the AI and decentralized finance (DePIN) sectors make it a strong contender for significant growth as Nvidia continues to expand.
5 AI Cryptocurrencies Set to Surge; Conclusion
Nvidia’s stock split and its soaring success underscore the increasing demand for computer chips, indirectly boosting the AI development landscape. As Nvidia’s influence grows, so too will the demand for AI-based cryptocurrencies. While TAO, RNDR, NEAR, GRAPH, and FET are standout choices, there are numerous other promising AI cryptocurrencies to explore before the next bull market fully takes off.
See also: OpenAI Names Former Nextdoor CEO Sarah Friar As CFO
