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SingularityNET

Artificial Superintelligence Alliance

<p>In an unprecedented development, <a href="https://coingape.com/markets/top-ai-altcoins-to-stack-nvidia-stock-clocks-market/" target="_blank" rel="noopener noreferrer nofollow">AI coins</a> have seized the spotlight today, June 20, defying the broader trend. Notably, Near Protocol (NEAR), Render Network (RNDR), Fetch.ai (FET), SingularityNET (AGIX), and other AI coins’ prices have soared remarkably in the past 24 hours, coinciding with a plethora of advancements across the AI industry. These advancements encompass numerous developments by industry prominencies, including xAI, Nvidia, and Pantera Capital.</p>
<p>Here’s a brief report on the recent AI-related developments that most likely triggered a price upswing in AI coins.</p>
<h2 id="nvidia-xai-pantera-mark-monumental-strides-in-ai">Nvidia, xAI, &amp; Pantera Mark Monumental Strides In AI</h2>
<p>It’s crucial to note that NEAR price surged by nearly 5% today, RNDR by 2%, while AGIX and FET saw a significant rally of 24%-28%. Other tokens like GRT, TAO, INJ, and THETA also made gains of 3%-6%. This surge in AI coin prices is in lockstep with the attention-grabbing AI developments by xAI- <a href="https://coingape.com/glossary/elon-musk/" target="_blank" rel="noopener noreferrer nofollow">Elon Musk’s</a> AI startup, Nvidia- the GPU and AI chip manufacturing giant, and Pantera Capital- a VC and hedge fund specializing in blockchain and crypto technology.</p>
<h3 id="pantera-capital-invests-200m-in-ai">Pantera Capital Invests $200M in AI</h3>
<p>Amidst the recent global AI boom, the leading hedge fund in the crypto sector announced to to invest a whopping $200 million in AI. This decision comes riding on the optimistic wave of a potential intersection between the AI and the crypto sectors in the coming years.</p>
<h3 id="musk-s-xai-forges-ahead">Musk’s xAI Forges Ahead</h3>
<p>In the interim, xAI embarked upon a couple of AI-related developments. xAI’s generative AI model <a href="https://coingape.com/elon-musk-xai-ai-image-generation-web-search-grok/" target="_blank" rel="noopener noreferrer nofollow">Grok is tapping into Midjourney AI for image creation</a> purposes. Additionally, a recent statement by Dell Technologies CEO Michael Dell revealed that the firm is working with Nvidia to build an <a href="https://coingape.com/dell-to-build-ai-factory-with-nvidia-eyes-powering-elon-musks-xai-grok/" target="_blank" rel="noopener noreferrer nofollow">AI factory that powers xAI’s Grok</a>.</p>
<p>In sync with the global race for AI, these developments have further echoed optimism across the sector.</p>
<h3 id="nvidia-market-value-tops-all-others">Nvidia Market Value Tops All Others</h3>
<p>Meanwhile, Nvidia has recently secured a ranking as the most valued company with a $3.33 trillion market cap. The AI chip manufacturing giant overtook Microsoft, in turn making its CEO Jensen Huang the 11th richest person across the globe.</p>
<p>Nvidia’s (NVDA) share price, a stock correlated to the AI coins sector, rested at $135.58, up 3.51% in pre-market hours.</p>
<p>These developments collectively, underscoring <a href="https://coingape.com/glossary/artificial-intelligence/" target="_blank" rel="noopener noreferrer nofollow">AI’s</a> burgeoning adoption and growth, have propelled a price rally in coins leveraging this tech.</p>
<p><strong>Also Read: <a href="https://coingape.com/vaneck-bitcoin-etf-debuts-on-australian-stock-exchange-asx-will-it-get-us-like-response/" target="_blank" rel="noopener noreferrer nofollow">VanEck Bitcoin ETF Debuts on Australian Stock Exchange ASX, Will It Get US-Like Response?</a></strong></p>
<h2 id="near-rndr-agix-others-rally">NEAR, RNDR, AGIX, &amp; Others Rally</h2>
<p>According to <a rel="noopener noreferrer nofollow" href="https://coinmarketcap.com/view/ai-big-data/" target="_blank">CoinMarketCap’s data</a>, the market cap of AI &amp; Big Data tokens saw a notable 5.28% increase in the past 24 hours.</p>
<p><strong>NEAR</strong> price rallied 5.01% to trade at $5.31.<br> <strong>RNDR</strong> price jumped 2.65% to $8.10.<br> <strong>FET</strong> price rallied by a staggering 27.95% to trade at $1.66.<br> <strong>AGIX</strong> price surged 24.58% to reach $0.6715.</p>
<p><strong>Also read: <a href="https://coingape.com/xrp-price-forecast-whales-shift-52m-coins-amid-price-recovery/" target="_blank" rel="noopener noreferrer nofollow">XRP Price Forecast: Whales Shift 52M Coins Amid Price Recovery</a></strong></p>
<p>The post <a href="https://coingape.com/heres-why-ai-coins-near-rndr-others-are-rising-today/" rel="noopener noreferrer nofollow">Here’s Why AI Coins NEAR, RNDR, &amp; Others Are Rising Today</a> appeared first on <a href="https://coingape.com" rel="noopener noreferrer nofollow">CoinGape</a>.</p>

Here’s Why AI Coins NEAR, RNDR, & Others Are Rising Today

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