Artificial Superintelligence Alliance

NEAR Protocol

bullish

Cloud

Artificial intelligence-related cryptocurrencies have recorded impressive gains after Nvidia teamed up with Alibaba. 
According to <a href="https://www.coingecko.com/en/categories/artificial-intelligence" target="_blank" rel="nofollow">data</a> provided by CoinGecko, AI tokens recorded a 5.9% surge over the past day. Their cumulative market cap is currently sitting at $28.9 billion with a daily trading volume of $2.77 billion.&nbsp; 
<figure class="wp-block-image size-full">
 <img loading="lazy" decoding="async" width="2574" height="792" src="https://crypto.news/app/uploads/2024/09/Screenshot-2024-09-23-at-1.11.41 PM.png" alt="NEAR, FET, TAO surge following Alibaba, Nvidia partnership - 30" class="wp-image-14299278">
 <figcaption class="wp-element-caption">
 Top 5 AI-related cryptocurrencies by market cap | Source: <a href="https://www.coingecko.com/en/categories/artificial-intelligence" target="_blank" rel="nofollow">CoinGecko</a>
 </figcaption>
</figure> 
NEAR Protocol (<a href="https://crypto.news/price/near-protocol/" target="_blank">NEAR</a>) is leading the category with a $5.3 billion market cap after its 9.3% rise in the past 24 hours. NEAR is currently trading at $4.85.&nbsp; 
Artificial Superintelligence Alliance (<a href="https://crypto.news/price/fetch-ai/" target="_blank">FET</a>) also gained almost 5% over the past day and is trading at $1.66 at the time of writing.&nbsp; 
Bittensor (<a href="https://crypto.news/price/bittensor/" target="_blank">TAO</a>) emerged as the top gainer among the leading 100 cryptocurrencies with an 18% rally in the past 24 hours. TAO is trading at $538 with a market cap of just under $4 billion. 
<figure class="wp-block-image size-full">
 <img loading="lazy" decoding="async" width="1856" height="1086" src="https://crypto.news/app/uploads/2024/09/TAOUSD_2024-09-23_13-23-41.png" alt="NEAR, FET, TAO surge following Alibaba, Nvidia partnership - 31" class="wp-image-14299280">
 <figcaption class="wp-element-caption">
 TAO 1-hour chart, Sept. 16-23 | Source: <a href="https://crypto.news/price/bittensor/" target="_blank">crypto.news</a> 
 </figcaption>
</figure> 
 You might also like: <a rel="" href="https://crypto.news/ethereum-surged-15-in-7-days-despite-whale-sell-off/"> Ethereum surged 15% in 7 days despite whale sell-off </a> 
The surge in AI token prices came two days after semiconductor giant Nvidia and Alibaba Cloud <a href="https://www.scmp.com/tech/big-tech/article/3279428/alibaba-nvidia-collaborate-advanced-autonomous-driving-solution-computing-services" target="_blank" rel="nofollow">teamed up</a> to improve the autonomous driving industry within China. The technology backbone of Alibaba has integrated its large multimodal models into Nvidia’s Drive AGX Orin platform for driverless vehicles.&nbsp; 
AI-related crypto tokens have usually shown bullish movements after major announcements from Nvidia. This time was no different. 
It’s important to note that the Nvidia stock price <a href="https://www.investing.com/equities/nvidia-corp" target="_blank" rel="nofollow">closed</a> Friday, Sept. 20, with a 1.59% decline and traded at $116. The tech giant could potentially record gains today as the partnership with the Chinese e-commerce giant has brought positive sentiment to the market. 
In addition to Nvidia’s bullish catalyst for AI tokens, Democratic presidential candidate Kamala Harris also <a href="https://crypto.news/kamala-harris-on-crypto-first-public-statement/" target="_blank">hinted at creating</a> “an opportunity economy” for AI —&nbsp;as well as “digital assets” — in the U.S. This was the first time that Harris publicly shared her stance on the crypto industry. 
 Read more: <a rel="" href="https://crypto.news/sol-link-tao-top-cryptocurrencies-to-watch-this-week/"> SOL, LINK, TAO: Top cryptocurrencies to watch this week </a>

NEAR, FET, TAO surge following Alibaba, Nvidia partnership

crypto.news

Other articles published on Sep 23, 2024

Binance Plans System Update Affecting Services

Top 5 Altcoins to Disrupt Crypto Market With 12,000% ROIs on Post Rate Cut FOMO

Early Bitcoin Developer Jeff Garzik Launches Hemi Network to Integrate BTC and ETH Blockchains

Kroma Secures Series A Funding from Prominent Investors

Polymarket traders predict no jail for FTX’s Ellison

VersePort': A Portal for Oasys Community Users and Gamers to Access Campaigns and Diverse Content...

Join our free newsletter for daily crypto updates!