While Nvidia's (NVDA) share price increased by over 7% on May 28, AI-related cryptocurrencies have fallen in the last 24 hours. However, a cryptocurrency investor said that the decline will not last forever.

“NVDA is rising, AI tokens are quiet now but that won't last long,” investor Matthew Hyland wrote in his X post on May 28. said.

Nvidia's AI impact on crypto tokens

Artificial intelligence companies run AI models on computer processors made by Nvidia. As NVDA's performance is seen as a barometer of the market's attitude towards AI, crypto investors are considering its share price as a prediction of how AI tokens may move.

Nvidia gained 22% in the last five trading days and closed at a record high of $1,140 on May 28; The stock is up nearly 137% since the beginning of the year.

Nvidia's first-quarter revenue beat expert estimates by about 5.6%, up 18% from the fourth quarter of 2023 and 262% from the same quarter last year.

Meanwhile, some of the largest intelligence-based artificial cryptocurrencies have crashed in the last week, unlike Nvidia.

Render (RNDR), fetch.ai (FET), and SingularityNet (AGIX) lost 8.14%, 11.39%, and 11.19%, respectively, over the past seven days, according to CoinMarketCap.

Although artificial intelligence-based cryptocurrencies did not follow the increase, some investors think that this situation may change with the decline in Nvidia's share price. “When NVDA starts selling, it will take other mega-cap tech names with it for at least a few days,” anonymous crypto investor Triplexx wrote in a post shared on May 28. Then, whatever crypto's attitude is, it will pull crypto with it. “Be ready.” said.

Investment guru Lyn Alden noted on May 25 that Nvidia was one of the few stocks to outperform Bitcoin over the past decade.