Artificial Superintelligence Alliance

Render

Bittensor

<p><em>Date: Wed, Sept 04, 2024, 05:04 AM GMT</em></p><h3 id="strong-ai-tokens-experience-a-significant-dip-strong"><strong>AI Tokens Experience a Significant Dip</strong></h3><p>The cryptocurrency market is experiencing a downturn, and <a href="https://coinsprobe.com/web-stories/top-10-high-potential-ai-cryptocurrencies-to-watch-out-for-bull-run/" rel="noopener noreferrer nofollow">AI tokens</a> are not immune to the dip. In the past 24 hours, top AI tokens like Fetch.ai (FET), Render (RENDER), and Bittensor (TAO) have seen their prices drop by more than 5%.</p><p><img src="https://academy-public.coinmarketcap.com/optimized-uploads/5da7bacb34434d1fbac1f7dec1cff0d3.png" /><em>Source: Coinmarketcap</em></p><h3 id="nvidia-s-historic-market-loss">NVIDIA’s Historic Market Loss</h3><p>The primary reason for this decline is the massive loss in market value by tech giant NVIDIA. On September 3rd, NVIDIA&#39;s shares plummeted, wiping out over $280 billion in market value in a single day, marking the biggest one-day loss of any company in history. This significant drop in NVIDIA&#39;s stock, down over 9%, has had a ripple effect on <a href="https://coinsprobe.com/web-stories/top-10-high-potential-ai-cryptocurrencies-to-watch-out-for-bull-run/" rel="noopener noreferrer nofollow">AI-related cryptocurrencies</a>, causing investors to become wary.</p><p><img src="https://academy-public.coinmarketcap.com/optimized-uploads/b0240f7b16bb4e6490bc335918594ec2.jpeg" /><em>NVIDIA Stock Price ( 03 Sept)</em></p><h3 id="bitcoin-s-bearish-performance-adds-pressure">Bitcoin’s Bearish Performance Adds Pressure</h3><p>Another factor contributing to the decline is Bitcoin&#39;s recent performance. Historically, September has been a bearish month for Bitcoin, and this year is proving to be no different. Bitcoin&#39;s value has dropped from a monthly high of $59,800 to $56,000, further fueling the market&#39;s negative sentiment and impacting the broader cryptocurrency market, including AI tokens.</p><p>As the market navigates these challenges, investors are keeping a close eye on how AI tokens will respond in the coming days.</p><p><strong>Disclaimer</strong>: The content presented in this article is intended for informational purposes only and should not be construed as financial advice.</p>

Top AI Tokens FET, RENDER, and TAO Facing Decline; Here's Why

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