Artificial Intelligence

Bitcoin

April

when

<p>The recent surge in Bitcoin signals promising prospects for the entire cryptocurrency market, and altcoins are no exception. Artificial Intelligence (AI) cryptocurrencies are also exhibiting impressive performances. FET, RNDR, and AGIX stand out, reaching peaks that delight traders and crypto enthusiasts.</p>
<h2 id="h-ai-cryptocurrencies-charging-into-the-market">AI Cryptocurrencies Charging into the Market!</h2>
<p>“<em>We are currently in a major AI super cycle</em>,” exclaims a crypto analyst. This statement is backed by recent statistics showing the <strong><a href="https://www.cointribune.com/en/bitcoin-is-finally-emerging-from-the-danger-zone-is-it-time-for-the-bull-run/" target="_blank" rel="noopener noreferrer nofollow">rise of Bitcoin</a> and other cryptocurrencies</strong>. So why mope? The Bitcoin, fetching a modest $56,500 last week, is currently adding more than $7,000 to its value.</p>
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<p>It’s a digital gold rush for AI-focused cryptocurrencies! The <strong>cryptocurrency market recovery</strong> is led by these digital currencies, native to <strong>AI-oriented blockchain projects</strong>, reports <a href="https://www.coindesk.com/markets/2024/05/07/ai-tokens-lead-crypto-market-recovery-as-nvidia-hits-one-month-high/?utm_medium=referral&amp;utm_source=rss&amp;utm_campaign=headlines" target="_blank" rel="noopener noreferrer nofollow">CoinDesk</a>.</p>
<p>Recently, <strong>shares of chip giant Nvidia (NVDA)</strong> have also found a new lease on life. This company is seen as the benchmark for AI, and when its shares climb, the AI market is often buzzing.</p>
<p>The <strong>Render Network’s GNDR token</strong>, used for its GPU-based decentralized rendering solutions, has witnessed a meteoric rise, <strong>soaring nearly 40% in seven days</strong> to hit $10.432.</p>
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 <figure class="aligncenter size-large"><img decoding="async" src="https://www.coindesk.com/resizer/-VLyvaa8PZ0bw1hruiw1PQ_ofTQ=/1056x716/filters:quality(80):format(webp)/cloudfront-us-east-1.images.arcpublishing.com/coindesk/FGTPTHA6PBGX7EMDD6T3IL4ITM.png" alt="hausse-jeton-RNDR">
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   RNDR, an AI-linked token, has jumped 40% in seven days. Source: CoinDesk
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<p>Other AI-focused cryptocurrencies, such as SingularityNET’s AGIX, Bittensor’s TAO, and Fetch.ai’s FET, have also registered spectacular gains, significantly outperforming the overall market. Meanwhile, Bitcoin (BTC), the largest cryptocurrency by market cap, has seen a 1.7% increase, while the CoinDesk 20 index edged up 0.6%.</p> 
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  <script type="text/javascript" src="https://s3.tradingview.com/external-embedding/embed-widget-mini-symbol-overview.js" async>{"symbol":"BINANCE:AGIXUSD","width":350,"height":220,"isTransparent":false,"autosize":false,"dateRange":"12M","trendLineColor":"rgba(253,64,19,1)","underLineColor":"rgba(253,64,19,0.6)","underLineBottomColor":"rgba(253,64,19,0)","locale":"en","largeChartUrl":false,"colorTheme":"dark"}</script>
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  <script type="text/javascript" src="https://s3.tradingview.com/external-embedding/embed-widget-mini-symbol-overview.js" async>{"symbol":"BINANCE:AGIXUSD","width":350,"height":220,"isTransparent":false,"autosize":false,"dateRange":"12M","trendLineColor":"rgba(253,64,19,1)","underLineColor":"rgba(253,64,19,0.6)","underLineBottomColor":"rgba(253,64,19,0)","locale":"en","largeChartUrl":false,"colorTheme":"light"}</script>
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 <div class="tradingview-widget-copyright"><a href="https://fr.tradingview.com/symbols/AGIXUSD/?exchange=BINANCE" rel="noopener noreferrer nofollow" target="_blank"><span class="text-primary-color">AGIXUSD chart</span></a> by TradingView
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<h2 id="h-nvidia-s-boost">Nvidia’s Boost</h2>
<p>According to DYOR, a cryptocurrency analysis platform, <strong><a href="https://www.cointribune.com/comment-les-depin-et-lia-vont-revolutionner-le-web3/" target="_blank" rel="noopener noreferrer nofollow">decentralized AI coins and DePIN tokens</a> are this week’s top performers</strong>.</p>
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<p>Hitesh Malviya, founder of DYOR, explains: “<em>There’s a strong buzz about Nvidia’s imminent profits. AI coins will continue to ride on [higher] cycles as they are directly correlated to all the AI development happening around us</em>.”</p>
<p>The chip manufacturer is expected to announce its <strong>first quarter earnings</strong> on May 22nd. Zacks Investment Research predicts earnings per share of $5.49, an increase of 403% from the previous year.</p>
<p>NVDA shares, having wreaked havoc last February, hit $922 on Monday, their highest level since April 1st, regaining more than 20% since April 19th. NVDA and the cryptocurrency market have recently rebounded after a downtrend, marking the start of a new uptrend.</p>
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Nvidia at the forefront! AI cryptos are turning the market around

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