AI-Linked Cryptocurrencies Surge Following Nvidia’s Keynote
- NEAR cryptocurrency rose over 10%, reaching $1.4888, its highest since late January.
- FET token from the Artificial Superintelligence Alliance surged by as much as 20% intraday.
- WLD, co-founded by OpenAI CEO Sam Altman, increased about 10% to near $0.40, a peak since early March.
- Grass (GRASS) saw a surge of approximately 13%, hitting new highs for the year.
- Nvidia anticipates a $1 trillion chip demand backlog through the end of the decade.
Jensen Huang’s keynote emphasized Nvidia’s pivotal role in AI development and highlighted the increasing reliance on decentralized networks for AI training and operations. The performance of various AI-linked cryptocurrencies reflects growing investor confidence in this sector.
The significant rise of NEAR and WLD tokens underscores the market’s bullish sentiment towards AI-related blockchain projects, with NEAR climbing over ten percent recently.(Source)
