In the past week, we have seen a quite interesting phenomenon: Although the market value of NVIDIA, the giant in the field of artificial intelligence, has suffered a significant decline, a series of cryptographic tokens related to it have bucked the trend and risen, showing amazing vitality. . According to Google Finance data, NVIDIA's stock price has plummeted 11.16% in the past five trading days, and its market value has evaporated as much as US$430 billion, which undoubtedly brought a chill to the market. However, in this context, artificial intelligence encryption tokens are like spring buds, growing vigorously.
The plunge in Nvidia's stock price is partly attributed to market concerns about the company's executives, especially President Huang Renxun, who has sold a large number of shares since June 13, according to documents filed with the U.S. Securities and Exchange Commission (SEC). According to a report by research firm Barchart, Nvidia insiders have sold more than $796 million worth of shares this year, a figure close to the $1 billion mark. But portfolio analyst Oguz O pointed out that many of these sales were pre-planned and were common practices for executives to systematically sell stocks.
However, in the shadow of Nvidia's falling stock price, AI-related crypto tokens have been unusually resilient. Cryptocurrencies such as Fetch.AI (FET) and SingularityNET (AGIX) have achieved amazing gains in the past seven days. According to CoinMarketCap data, Fetch.AI rose 35%, while SingularityNET soared 34%. This growth is particularly prominent against the backdrop of a decline in the broader cryptocurrency market during the same period. Bitcoin (BTC) and Ethereum (ETH) fell 7% and 2.2% respectively, while AI crypto tokens bucked the trend and showed strong vitality and appeal.
In addition, other AI tokens also showed an upward trend. OpenAI CEO Sam Altman's Worldcoin (WLD) rose 5.9% in the past week, while Arkham Intelligence's native token ARKM rose 26% in the same period. These gains not only prove the strong momentum of AI crypto tokens, but also reflect the market's confidence and expectations for AI technology.
This phenomenon shows that although traditional technology giants such as Nvidia have encountered challenges in market value, the field of artificial intelligence is still full of vitality and opportunities. Crypto tokens, as an emerging form of digital assets, are gradually becoming an important investment target in the field of artificial intelligence. With the continuous advancement of technology and the continuous expansion of the market, we have reason to believe that artificial intelligence crypto tokens will show broader prospects and potential in the future.
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