[1/5] Both RNP-013: Year 1 Emissions Rebalancing and RNP-015: Availability Rewards are now open for the final community vote (closing Tues, May 28th at 5PM PST)! https://rendernetwork.medium.com/rnp-013-and-rnp-015-final-vote-details-rnp-000-amendment-63869e617116
Nvidiaâs Earnings Prompt Growth in AI Crypto Sector As a Whole
NVIDIAâs Earnings Prompt Increased Growth in AI Crypto
NAIROBI (CoinChapter.com) â NVIDIAâs Q1 FY2025 earnings report shows record revenue of $26 billion, up 18% from Q4 and 262% year-over-year, prompting growth in AI across sectors and in AI crypto markets. This growth is driven by strong demand for AI training, highlighting the increasing role of AI in various sectors. With a ten-for-one stock split and a 150% increase in quarterly dividends, NVIDIAâs influence in the market is significant.
Q1 Fiscal 2025 Summary. Source: Nvidianews
NVIDIAâs earnings prompted a response in the corresponding AI crypto sector, reflecting the booming AI industry overall. Data center revenue reached $22.6 billion, showcasing the high demand for AI training and inference capabilities. Jensen Huang, NVIDIAâs CEO, emphasized AIâs role in transforming industries. AI factories are becoming essential, creating vast opportunities across sectors like automotive and healthcare. This rise in AIâs importance suggests a stronger bullish sentiment in the AI crypto sector compared to Bitcoin.
âThe next industrial revolution has begun â companies and countries are partnering with NVIDIA to shift the trillion-dollar traditional data centers to accelerated computing and build a new type of data center â AI factories â to produce a new commodity: artificial intelligence,â
Jensen Huang
Nvidiaâs Impact on AI Crypto Sector
NVIDIAâs dominance in AI technologies has not only reshaped its financial landscape but also significantly influenced the AI crypto sector. As detailed in NVIDIAâs recent earnings announcement, the tech giantâs success is largely tied to its data center growth, which saw a revenue increase to $22.6 billion. This sectorâs expansion is vital for AI cryptos, which rely on robust, efficient processing capabilities for development and deployment.
Top AI crypto by CoinMarkertCap. Source: CoinGecko
Fetch.ai, Internet Computer, and Render have demonstrated mixed reactions in the market. Fetch.ai, with a current price of $2.48, shows a slight decline of 1.8% over the last week, yet maintains a positive yearly gain of 9.0%. Similarly, Internet Computer and Render have experienced minor losses, suggesting a cautious yet stable investor sentiment within the AI crypto market.
BTC/USD 1-day price chart. Source: Coingecko
Bitcoin remains king, even as AI cryptocurrencies rise. Its price dipped slightly by 0.18% to $69,681.09. However, Bitcoinâs $1.37 trillion market cap and $31.57 billion 24-hour volume are impressive. This stability contrasts with the volatile AI token sector, highlighting Bitcoinâs enduring dominance.
Nvidiaâs February 2024 earnings report also had a significant impact on AI tokens. The report highlighted Nvidiaâs strong performance in AI, which boosted investor confidence and led to a surge in AI token values. For a detailed analysis of the February reportâs impact, read our previous coverage.
The post Nvidiaâs Earnings Prompt Growth in AI Crypto Sector as a Whole appeared first on CoinChapter.
Cryptocurrencies integrating artificial intelligence (AI) are gaining popularity. The rapid growth of AI has sparked interest, controversy, and fear among tech enthusiasts, investors, and government officials. Projects like OpenAI's ChatGPT are making waves, impacting the crypto industry. Similar to Bitcoin's early days, AI-focused projects are on the rise, making it challenging to identify promising ones. This guide explores top AI-based crypto protocols to watch. AI and blockchain synergy has led to new use cases in finance, data storage, and DeFi. Projects like Fetch.AI and Render Network offer decentralized AI solutions. The Graph provides decentralized indexing, while BitTensor focuses on AI infrastructure. Akash Network offers a cloud-computing marketplace, and AIOZ Network aims for scalable Web3 solutions. SingularityNET and Ocean Protocol offer AI services and data monetization. AI and blockchain collaboration enhances trading, security, and mining, but challenges like centralization and security risks persist. The AI-crypto partnership presents vast opportunities but requires careful consideration of potential drawbacks. Read more AI-generated news on: https://app.chaingpt.org/news
Dogeverse, Render Investors Swap Rockets for Moonbagâs Cosmic Security As the Top Crypto Presale ...
Investors often find themselves plagued by doubts, especially concerning tax implications and risks in the crypto world. As digital assets gain popularity, so do the associated risks. Stakeholders seek safe havens where their investments can grow without unexpected tax hits or security breaches.
Enter MoonBag coin, a new participant in the digital currency scenario. Its unmatched transparency and security provide investors with greater peace of mind. These features set MoonBag coin apart, making it the top crypto presale and the preferred choice for many. As participants cash out from Dogeverse and Renderâs presale to join the ranks of MoonBag coin, the cryptocurrency world witnesses a seismic shift in sentiment.
Dogeverse: Uncertainties and Concerns
Dogeverse is the first multichain Doge meme coin, featuring Cosmo, the Chain Hopping Doge. It unites the crypto community with seamless transactions across Ethereum, BNB Chain, Polygon, Solana, Avalanche, and Base.Â
Dogeverseâs tax policy and security measures are less clearly defined, leaving investors uncertain about tax implications and long-term security. While the project has shown potential for wealth generation, the lack of clarity in its tax policy and security measures has become a concern for those seeking stability and transparency in their crypto ventures.
Render: Navigating the Tax Maze
Render is a platform launched in 2024 that helps people and businesses grow their wealth. Providing tools and platforms for investment and financial growth empowers individuals and businesses to achieve sustainable success.Â
When you buy or sell RNDR coins, these transactions are taxable. Any profit or loss from these trades will be subject to capital gains tax. It is committed to compliance and communicates tax implications and reporting requirements, which helps investors avoid unexpected tax issues. However, it falls short of MoonBag coinâs dream scenario, where investors can enjoy a zero-tax policy.
MoonBag: Zero-Tax Haven
MoonBag Crypto is an Ethereum-based project led by the charming MoonBag coin with a Monkey mascot. Aimed at financial empowerment, this meme coin uses innovative strategies like staged presale phases, buyback and burn mechanisms, and 88% APY staking. Focused on security and scalability, it is building a strong community to guide users on a profitable cosmic journey.
With the commitment to a âno taxesâ policy and contract renouncement, MoonBag coin offers investors peace of mind. They wonât face heavy tax payments, and the projectâs smart contract is secure and transparent. This feature of the meme coin demonstrates a commitment to investor security and transparency, providing a safer investment environment.Â
Moreover, their certainty comes from a strategic buyback and burn plan to stabilize prices, staking options with an 88% APY, and collaboration with seasoned market makers to maintain price stability. This approach fosters a secure and thriving ecosystem. Investors are increasingly favoring projects where they can foresee long-term benefits without the risk of unpredictable tax liabilities or security issues.
With well-planned presale phases, MoonBag ensures price stability and gradual growth. This has earned trust and shown profitability, raising an impressive $163,950.26 so far!
Key Takeaways:
Despite the wealth generated by Dogeverse and Render presales, savvy investors are now paying attention to MoonBag presale for its unparalleled transparency and lucrative opportunities. MoonBag coinâs clear roadmap, zero-tax policy, and robust coins lead to wealth accumulation without compromising security or integrity. It isnât just another coin; itâs the future of trustworthy crypto investing.
Price is in an Uptrend. It broke out of a Channel Down pattern, which signaled resumption of uptrend. Upside potential to $13.80. Stop Loss (SL) level at $9.20.
Momentum is Bullish (MACD Line is above MACD Signal Line and RSI is above 55).
Nearest Support Zone is $8.00, then $6.00. The nearest Resistance Zone is $10.00, then $13.80.