Demand for artificial intelligence coins is increasing: They recovered quickly.
Artificial intelligence (AI)-related cryptocurrencies soared last week even as Nvidia shares lost $430 billion in market value.
Nvidia, a company closely followed by crypto investors, is often seen as a beacon of the AI cryptocurrency market. Nvidia, which produces the computer chips that many AI companies use to run their AI models, has seen its stock price fall 11.08 percent over the past five trading days, according to Google Finance data.
On the other hand, according to CoinMarketCap data, Fetch.AI (FET) and #SingularityNET (AGIX) increased by 23.46 percent and 20.83 percent in the last seven days.
According to a filing with the United States Securities and Exchange Commission (SEC) on June 21, Huang has liquidated $79.38 million worth of Nvidia shares since June 13, attracting the attention of research firms.
According to YChart data, as of June 24, Nvidia's market cap was $2.903 trillion, down almost 13 percent in the last five trading days since reaching an all-time high of $3.34 trillion.
There have been several examples of parallel moves with Nvidia on its AI-based tokens; This situation was last noticed when Nvidia published its earnings report for the last quarter of 2023.
On February 21, #Nvidia announced that its revenue and earnings in Q4 2024 were $22.1 billion and $12.3 billion, respectively; This means an increase of 265 percent and 769 percent compared to the 4th quarter of 2023.
#OpenAI CEO Sam Altman's Worldcoin (WLD) performed 240 percent during the month, while blockchain AI analysis firm Arkham Intelligence's native token ARKM gained 211 percent in the same period. As of the writing of the news, Worldcoin is traded at $ 0.005 with an increase of 9.07 percent in the last seven days, while Arkham is traded at $ 1.96 with an increase of 16.34 percent in the same period.
