Crypto AI Tokens Soar After Nvidia Beats Earnings Expectations, AGIX, RNDR, And FET On A Tear

Updated: 22 February 2024

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AI crypto coins soared after Nvidia’s earnings beat analysts expectations with SingularityNET (AGIX) topping the major gainers with a 34.5% surge

Other major tokens to benefit included Render (RNDR), Akash Network (AKT), Bittensor (TAO), and Fetch.AI (FET), all of which recorded double-digit gains.

TradingView: RNDR/USDT 1-day chart, AKT/USDT 1-day chart, FET/USDT 1-day chart, AGIX/USDT 1-day chart

Worldcoin (WLD), a project co-founded by OpenAI CEO Sam Altman, soared 21% in the last 24 hours to trade at a record high of $8.27 at 04:51 EST. The total market capitalization of AI crypto tokens surged 6% to surpass $17 billion, according to CoinGecko.

Because of a great #Nvidia earnings report, #AI coins have been surging! 🚀

Here is the performance of AI #crypto on Wirex:

📈 $AGIX – $0.7067 (+35.5%)
📈 $RNDR – $7.28 (+19.0%)
📈 $FET – $1.13 (+14.3%)

Tell me in the comments, what are you trading today? 🤔👇 pic.twitter.com/xAoZmuCAS8

— Wirex (@wirexapp) February 22, 2024

Nvidia Earnings

The Nvidia price is up 13% in premarket trading after reporting earnings per share in the fourth quarter had hit $5.16, higher than market estimates of $4.59 per share. Its revenues during the quarter hit $22.1 billion, which also surpassed Wall Street’s estimate of $20.4 billion.

Nvidia’s solid fourth-quarter results come amid surging demand for Nvidia’s AI chips, with Goldman Sachs calling the company “the most important stock on planet earth.”

AI Presale Tokens

If you missed the rally in AI coins driven by Nvidia’s stellar earnings, you can still consider investing in AI presale tokens, two of the most prominent being Scotty the AI and eTukTuk.

Scotty the AI (SCOTTY) is a promising AI project that analysts say has the potential to return 10x gains on launch. The project is an AI-meme coin hybrid that combines two of the hottest themes in crypto. The SCOTTY presale is ongoing, with the token priced at $0.00555.

eTukTuk (TUK) has also triggered the interest of crypto investors and promotes itself as the AI-integrated, eco-friendly future of transportation. The electric vehicle project is tackling the challenge of climate change and urban mobility in developing economies, with investors rushing to participate in the presale with tokens priced at $0.027.