AI tokens could rally following NVIDIA stock growth

  • AI tokens could lead the new bull cycle, posting bigger gains than many major cryptocurrencies.
  • NVIDIA stock price gains show a positive correlation with AI tokens.
  • Continued interest in artificial intelligence may lead to AI tokens earning more.

AI tokens are regaining momentum following impressive gains in March. Recent price increases in NVIDIA have coincided with gains in Near Protocol (NEAR), Render (RNDR), and Worldcoin (WLD), among many other AI tokens.

Also Read: Crypto AI Tokens See Nearly Double-Digit Gains Amid NVIDIA, OpenAI, and Amazon Launches

AI tokens could be set for a rally

While some predicted that Bitcoin’s halving would be the breaking point for a new bull cycle, a recent rally in AI tokens could see them lead the altcoin season.

The continued integration of AI-backed tokens has increased awareness of the possibilities that await the overall blockchain ecosystem with them on board.

AI tokens such as NEAR, RNDR and WLD have recovered amidst price instability in major cryptocurrencies such as Bitcoin and Ethereum.

Read More: Solana, Base and AI Meme Coins Rally, Are Speculative Tokens Making a Comeback?

The share price growth of chip maker NVIDIA (NVDA) appears to show a positive correlation with some of these AI tokens. Last week, NVDA rallied nearly 11% to $921, before settling at $904 on Wednesday. AI tokens have also seen similar price growth over the past seven days.

RNDR, the native token of The Render Network, a provider of GPU-based decentralized AI solutions, has rallied 26% in the past week. Apple recently introduced Octane X, its RNDR-based rendering software, as a professional rendering app on the new iPad. Users can see the RNDR logo in the video on the iPad.

Near Protocol (NEAR) and Worldcoin (WLD) are up nearly 13% and 16% respectively over the past seven days. In comparison, Bitcoin, Ethereum and BNB saw price growth of only 7.2%, 0.1% and 4.8% respectively.

Read also: Artificial Intelligence Security Group Proposes Criminal Liability of Developers, Tokens Suffer Sharp Price Drops

Continued interest in integrating AI tokens into blockchain projects could likely lead to continued price increases. For example, Worldcoin began global identity verifications in Peru on Wednesday and plans to expand operations into Mexico.

Tokens like FETCH, OCEAN, and AGIX, which recently formed the Artificial Super Intelligence (ASI) alliance, have paved the way for a broader wave of AI solutions in the crypto ecosystem. The Fetch Foundation recently minted 1.4 billion FET tokens, valued at $2.96 billion, in a series of deposits on Binance. This action aimed to drum up support for its ASI token swap mechanism, which occurred five days ago.

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