Artificial intelligence has become one of the most exciting trends in the cryptocurrency market in the first quarter of 2024. NVIDIA’s upcoming GTC24 conference and the growing popularity of AI-focused projects have directed investor interest towards cryptocurrencies such as RNDR, FET, and ANKR. This enthusiasm has led to record-breaking increases in the prices of these altcoin projects. In this news article, we will examine how artificial intelligence is affecting the cryptocurrency market and the reasons behind the rise of RNDR, FET, and ANKR. We will also touch upon the points that investors should pay attention to when evaluating this trend.
NVIDIA provided doping to altcoin projects
According to breaking news, artificial intelligence-focused cryptocurrencies have started to attract the attention of investors recently. Interest in developments in artificial intelligence and NVIDIA’s upcoming GTC24 conference has led to significant price increases in cryptocurrencies such as RNDR, FET, and ANKR.
Render Network, known as the NVIDIA of the Web3 ecosystem, has been steadily gaining value in the last year. As the NVIDIA GTC24 conference approaches, the RNDR price broke a new record by exceeding $10. The reason behind this rise is that Render Network offers GPU services in areas such as artificial intelligence, Metaverse and NFT. In particular, the integration of OTOY with Apple and NVIDIA products was an important factor that pushed the RNDR price up.
FET and ANKR also attracted attention
Fetch.ai, another artificial intelligence-focused cryptocurrency, has also been on the rise lately. NVIDIA’s invitation of the Fetch.ai team to the GTC24 conference increased the interest of investors. Whales also showed interest in this coin, leading to a 40% increase in the FET price in the last 24 hours.
Additionally, it was announced that Ankr CEO Chandler Song and CTO Stanley Wu will attend the GTC24 conference of NVIDIA, the world’s largest artificial intelligence chip manufacturer. Following this news, ANKR price also started to rise. Ankr will showcase GPU cloud services in collaboration with Dell.
Another rising coin other than artificial intelligence: UNI
The preliminary phase of the voting, presented by the Uniswap team and bringing an increase in price, was accepted by the community. With this vote, it is aimed to give more rewards to users who stake and delegate UNI and to make people participating in the management more active. With the acceptance of the offer, the UNI price also started to rise.
In conclusion, cryptokoin.com As we reported, developments in the field of artificial intelligence and NVIDIA’s GTC24 conference created significant activity in the cryptocurrency market. Artificial intelligence-focused cryptocurrencies such as RNDR, FET and ANKR are among the coins that benefit most from this trend. These coins are expected to continue to attract the attention of investors in the coming period.
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