finbold.com
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.
#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.
#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.
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.