Demand for artificial intelligence coins is increasing: They recovered quickly

Artificial intelligence (AI)-related cryptocurrencies surged last week even as shares of Nvidia lost $430 billion in market cap.

Nvidia, a company closely followed by crypto investors, is often seen as an indicator of the artificial intelligence cryptocurrency market. Nvidia, which produces the computer chips that many artificial intelligence companies use to run their own artificial intelligence models, has seen its stock price fall by 11.08 percent in the last five trading days, according to Google Finance data.

On the other hand, according to CoinMarketCap data, Fetch.AI (FET) and SingularityNET (AGIX) increased by 23.46 percent and 20.83 percent in the last seven days.

NVIDIA joins the artificial intelligence trend in the crypto industry

filed with the United States Securities and Exchange Commission on June 21 ( SECAccording to the application, Huang liquidated Nvidia shares worth $79.38 million since June 13 and attracted the attention of research companies.

According to YChart data, as of June 24, Nvidia’s market capitalization fell almost 13 percent to $2.903 trillion in the last five trading days since reaching an all-time high of $3.34 trillion.

There have been several examples of parallel moves with Nvidia on its AI-based tokens; This situation was last noticed when Nvidia published its benefits report for the last quarter of 2023.

On February 21, Nvidia announced that its revenue and earnings in Q4 2024 were $22.1 billion and $12.3 billion, respectively; This means an increase of 265 percent and 769 percent compared to the 4th quarter of 2023.

OpenAI CEO Sam Altman’s Worldcoin (WLD) performed 240 percent during the month, while blockchain AI analysis firm Arkham Intelligence’s native token ARKM increased 211 percent in the same period. As of the writing of the news, Worldcoin is trading at $0.005 with an increase of 9.07 percent in the last seven days, while Arkham is trading at $1.96 with an increase of 16.34 percent in the same period.