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Artificial intelligence coins are in critical corners: Beware of Wednesday
The rise in artificial intelligence coins continues before the balance sheet of Nvidia, which will be announced on Wednesday, which is the most talked about company in chip production and sales in the world recently. While many coins in this category have increased by more than 20% in the last week; NEAR, Render, AGIX, Fet and TAO stand out.
Nvidia, which joined the "Magnificent 7" with a market value of more than 3 trillion dollars, also became a determining factor for the course of both cryptocurrency and American stock markets. It was seen that Nvidia's earnings report was better than expected prevented the markets from getting worse.
And on Wednesday, Nvidia's Q2 2024 earnings report will be officially released. Expectations are for company revenue to increase by around 99% compared to the same period last year... Nvidia share value, which has increased by 160% since the beginning of the year, has increased by more than 3000% in the last 5 years.
The positive direction of the expectations in Nvidia also positively affected the coins of the cryptocurrency world touching the field of artificial intelligence. Although the small decline in Bitcoin in the last 24 hours negatively affects altcoins, it is seen that the last 1-week rises have reached serious levels in artificial intelligence coins.
Looking at the largest artificial intelligence-oriented coins in terms of market value, in the last week;
FET %62
OCEAN %61
AGIX 58%
RENDER 42%
NEAR %26
TAO 23%
GRT rose 22%.
If Nvidia also recorded at least 100% growth this quarter, it will be the 5th quarter in a row, where the company has 3-digit growth.
The high arrival of Nvidia figures could further increase the U.S. stock markets as well as artificial intelligence coins.
