Top AI Altcoins To Stack Up As Nvidia Stock Clocks New Market Heights

The cryptocurrency market witnessed an extended correction in the second half of June as Bitcoin plunged to a monthly low of $64000 on Tuesday. The majority of major altcoins were following the same momentum but the coins associated with AI- Artificial Intelligence experienced a sudden uptick. The renewed buying interest could be linked to AI chip maker company Nvidia recently becoming the most valuable company in the world by market cap by market cap. Nvidia’s stock price currently stands at $135.58, boasting a market capitalization of $3.335 trillion, which reflects a significant jump of 3.51% from yesterday. The company has experienced a remarkable annual growth rate of 209.47%, recently surpassing Microsoft to become the most valuable tech company. The FET price has been under correction trend for the past 11 weeks witnessing dynamic resistance from a downsloping trendline. The bearish turnaround has tumbled altcoin value from $3.48 to $1.1 low registering a loss of 68.3%.

With a 20% jump, the coin price reverted to $1.43 projecting its sustainability above 50 EMA of the weekly chart. By press time, Fetch.ai coin holds a market cap of $1.208 while the 24-hour trading volume jumps to $247 Million.

#Nvidia's #nvidia #BNBHODLer #BinanceTournament #AirdropGuide