Top 3 Cryptocurrencies to Buy Now with NVIDIA’s Earnings Around the Corner
part-1
As the cryptocurrency market eagerly awaits a series of potentially game-changing AI announcements in the coming month, investors are on the lookout for tokens that could benefit from these catalysts.
With NVIDIA’s earnings report scheduled for May 22nd, and other major events like the GPT-4o announcement, Google I/O conference, and Apple’s WWDC focusing on AI, the stage is set for a potential surge in AI-related cryptocurrencies.
In this article, we will explore the top three cryptocurrencies to buy now, as recommended by Prithvir, the founder and CEO of Loch Chain: Render (RNDR), NEAR Protocol (NEAR), and Arweave (AR).
How to Profit from AI Coins this Month
– AI catalysts
– Tokens affected by these catalysts
– My personal picks
Dive in for some real alfa
1) AI Catalysts:
a) $NVIDIA earnings on May 22nd
b) GPT-4o announcement on May 13th @ChatGPTapp
c) @Google IO conference on… pic.twitter.com/mUXzJTE1YR
— Prithvir (@Prithvir12) May 15, 2024
Render (RNDR)
Render has consistently been one of the easiest long positions heading into NVIDIA-related news and Apple events. The cryptocurrency has outperformed Bitcoin massively over the past year due to comparisons of GPU networks and the rendering software they have built, which Apple often features at different keynotes.
Prithvir suggests that RNDR could be a good swing trade leading up to the WWDC event, with a time period of approximately three weeks.
Arweave (AR)
Arweave, a fully diluted coin with a strong team and real product, has pivoted to AI with the launch of AO Computer. The project has also secured listings on Tier-1 exchanges, further enhancing its credibility and liquidity. Prithvir considers AR to be a no-brainer medium-term hold and has made it his biggest AI coin holding currently.
With its focus on sustainable tokenomics and working products, Arweave is poised to benefit from the growing interest in AI-related cryptocurrencies.