Top 3 AI cryptocurrencies to buy ahead of Nvidia earnings

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Top 3 AI cryptocurrencies to buy ahead of Nvidia earnings Top 3 AI cryptocurrencies to buy ahead of Nvidia earnings Ana Zirojevic Ana Zirojevic Cryptocurrency Aug 27, 2024

As Nvidia (NASDAQ: NVDA) is about to post its newest financial results after markets close on August 28, cryptocurrencies in the artificial intelligence (AI) field are recording significant price increases, with possibly even better performance expected if the report is exceptional.

Indeed, all eyes are on the semiconductor behemoth as its ‘Super Bowl’ event – the second-quarter earnings call – approaches, anticipated to demonstrate the AI sector’s continued growth and, by extension, the continued demand for and utility of AI crypto assets, the best of which Finbold has singled out below.

#1 Render (RNDR)

Among the best picks in the AI crypto field is the ‘Nvidia of crypto’ itself, Render (RENDER), which is still trading at a relatively low price considering its nickname and the all-time high (ATH) of $13.15 from March, as well as the fact that there are “millions of liquidations to grab around $5.95,” as D0c Crypto observed.

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Meanwhile, Render was at press time changing hands at the price of $6.03, which represents a 3.04% decline on the day, advancing 31.25% across the week, and reducing its monthly losses to 6.68%, according to the most recent chart information retrieved by Finbold on August 27.

Render price 7-day chart. Source: FinboldRender price 7-day chart. Source: Finbold

#2 Artificial Superintelligence Alliance (FET)

At the same time, the native token of the Artificial Superintelligence Alliance (FET), consisting of Fetch.ai, Ocean Protocol, and SingularityNET, has broken out, and analyst Javon Marks believes it could race over 210% towards the $3.485 ATH, as per his X post on August 23.

In terms of its current price, FET is presently trading at $1.36, reflecting a 0.10% increase in the last 24 hours, adding up to a gain of 52.92% across the previous seven days, as well as advancing an accumulated 8.40% in the past month, as per the latest data.

FET price 7-day chart. Source: FinboldFET price 7-day chart. Source: Finbold

#3 Bittensor (TAO)

Finally, pseudonymous crypto analyst Captain Faibik has predicted that the native token of Bittensor (TAO) could also hit its ATH, as it has already confirmed its descending broadening wedge upside breakout, according to the expert’s analysis shared in an X post on August 27.

Currently, the price of TAO stands at $333.29, suggesting a 3.71% drop on its daily chart but making a weekly advance of 11.23% while reducing its monthly losses to 0.34%, as the most recent data from crypto monitoring platform CoinMarketCap demonstrates.

TAO price 7-day chart. Source: CoinMarketCapTAO price 7-day chart. Source: CoinMarketCap

Conclusion

All things considered, the upcoming Nvidia earnings report could, indeed, provide a strong boost to the price performance of the above AI cryptocurrencies. However, trends in the crypto market can easily change, so doing one’s own research is critical when investing.

Disclaimer: The content on this site should not be considered investment advice. Investing is speculative. When investing, your capital is at risk.

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Updated: 08/27/2024 — 9:00 AM

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