These Cryptocurrencies Rise Despite $430 Billion in Sales

Cryptocurrencies linked to the artificial intelligence (AI) sector gained value at rates exceeding 20% ​​on a daily basis, despite the sales in Nvidia.

According to Google Finance data, Nvidia stock has lost more than 11% in the last five trading days. There was a sale worth $430 billion in Nvidia shares in three days. According to Barchart data, Nvidia insiders made sales of more than $796 million this year alone.

Nvidia, which left Microsoft behind and temporarily became the world's most valuable company, has entered a technical correction period, according to analysts.

Kingsview Partners Chief Analyst Buff Dormeier said that $115 is the support level for Nvidia stock in the short term, and the next level to watch out for is $100.

Artificial intelligence coins rose

Investors who follow artificial intelligence cryptocurrencies also closely follow the activities of Nvidia, which plays an important role in this industry.

According to CoinGecko data, the losses experienced in Nvidia did not affect artificial intelligence coins. Fetch.ai (FET), SingularityNET (AGIX), and Ocean Protocol (OCEAN) tokens have all gained more than 20% on a daily basis. These three projects will combine the FET, AGIX, and OCEAN tokens into a single token called ASI.

OpenAI CEO Sam Altman's cryptocurrency project Worldcoin (WLD) rose more than 5% on a weekly basis, while Arkham Intelligence token ARKM gained 25% in seven days.