📢 Attention, crypto enthusiasts! 📢
Cryptocurrency and AI stocks will be in the spotlight next week, as Nvidia reports its quarterly results on Wednesday, August 28.
📈 Ahead of the event:
- Akash Network (AKT) has gained 10% in the past seven days.
- Bittensor (TAO) and Render Token (RNDR) have both risen more than 30%.
💡 According to CoinGecko:
- The market cap of all AI tokens has grown 13.7% on August 24.
- Trading volume has reached $1.7 billion.
These gains come on the heels of a recent speech by Fed Chairman Jerome Powell, who hinted at a possible interest rate cut in September.
Nvidia, whose shares have risen 161% this year, will provide important data on AI demand. The company's revenue increased by 240% to $26 billion in the first quarter, and analysts expect growth to $28.6 billion in the second quarter.
🔍 Important to note:
- Akash Network and Render Token offer distributed GPU rendering solutions on the blockchain.
- Bittensor decentralizes the process of creating machine intelligence solutions.
Don't miss the opportunity to discuss this in the comments! 💬
#Cryptocurrency#ArtificialIntelligence#Nvidia#Blockchain #News