According to Cointelegraph: Artificial intelligence-based crypto tokens are experiencing significant gains ahead of Nvidia's highly anticipated second-quarter earnings report, with some tokens surging as much as 70% in the past week. AI-focused tokens like Near Protocol (NEAR), Artificial Superintelligence Alliance (FET), Bittensor (TAO), and Render (RENDER) have outperformed the broader crypto market, fueled by expectations surrounding Nvidia's earnings.
Key highlights:
FET token surged nearly 70% in a week, while NEAR saw a 35% increase.
TAO and RENDER also posted gains, with TAO up 26% and RENDER climbing 40%.
Nvidia's earnings report on August 28 is expected to be a "blockbuster event," with analysts forecasting a 141% increase in earnings per share.
Market sentiment is closely tied to Nvidia's performance, which has been a significant driver for AI-related assets. As the market awaits Nvidia's results, AI tokens are leading the charge, positioning themselves as key players in the ongoing AI revolution.
