AI coins led gains on Thursday after the market hype for Nvidia, the biggest player, kept investors’ sentiments afloat. Fetch.ai (FET), SingularityNET (AGIX), and Akash Network (AKT) emerged as the top gainers in the industry after these tokens rose over 16%, 14%, and 2%, respectively.
AI Coins See Rise On Nvidia’s Market Recovery Hype
The recent surge in AI token prices is not a coincidence, but a direct result of Nvidia’s stock rising 3.51% on June 19, closing the day at $135.58. Furthermore, Nvidia’s market capitalization has surpassed that of its mega-cap tech competitors, as reported by Bankless Times. This information is crucial for investors, as it underscores the significant role of Nvidia’s market recovery in the AI coin market.
The rise of Nvidia is one of many indicators of the growing interest in AI. The spike in Google search volume related to artificial intelligence (AI) is a clear testament to the increasing curiosity among ordinary investors.
Google Trends data reveals that last week’s top score of 100 for ‘AI’ search interest was the highest in the past five years. This surge in interest indicates that AI has captured the attention of many investors.
Will AI Coins Rise Further This Week?
Nvidia’s rise and AI’s growing market hype have influenced many investors to invest in the industry willingly. At present, most indicators for Mahr AI coins are turning bullish, suggesting continued upward momentum.
Digital or cryptocurrency tokens with artificial intelligence (AI) technologies built into them are called AI coins. These tokens usually aim to apply AI in different ways, such as improving blockchain functions, customizing user interfaces, or enabling automated trading.
The global artificial intelligence industry is expected to grow to $184.00 billion by 2024. The market is anticipated to develop at a rate of 28.46% per year (CAGR 2024–2030) and reach a value of $826.70 billion by 2030. Comparatively speaking, the US market will be the largest worldwide, with US$50.16 billion in 2024.
One of the most significant market breakout trends since 2023 has been the rise in demand for cryptocurrency currencies with artificial intelligence (AI) foundations. Due to the increase in activity and conversation, investors have flocked to well-known crypto AI platforms like Fetch AI and Singularity Net to make faster gains.
