- The rise of Nvidia to a trillion-dollar company has inspired the rise of most AI-focused crypto projects.
- The AI-focused crypto projects are expected to play a huge role in the confirmed bull cycle similar to DeFi’s rise in the last cycle.
- The AI-crypto projects have already surpassed $18.4 billion in market cap and are projected to scale further in the coming months.
On Wednesday, Nvidia Corp. (NASDAQ: NVDA) reported its fourth quarter and fiscal 2024 financial results. According to the financial statements, Nvidia reported a revenue of $22.1 billion during the fourth quarter, thus reaching $60 billion for the full year. The rise of Nvidia to a $1.72 trillion tech company in less than two years has significantly inspired the rise of artificial intelligence (AI) focused web3 startups.
Moreover, there are unlimited applications of AI in the web3 sector including derivatives trading.
AI-Crypto Boom
In every crypto bull cycle, new narratives have emerged to fuel the parabolic rallies. During the 2021 crypto bull cycle, the emergence of decentralized financial (DeFi) tokens thrived following the ICO narrative in the 2017 bull cycle. With the rise of Bitcoin above $50,000 having confirmed the much-awaited bull cycle, discussions of the next narrative have escalated.
Undeniably, the AI-crypto focused projects are expected to perform very well in this bull cycle. Moreover, more institutional investors have focused on AI-based crypto projects to diversify their portfolios.
Top AI Coins to Keep an Eye On
The AI-focused crypto projects currently have a market capitalization of about $18.4 billion and an average daily trading volume of around $3.47 billion. As a result, the AI-focused crypto projects are well positioned to register more gains during the coming months amid the mainstream adoption of web3 protocols and digital assets.
SingularityNET (AGIX)
SingularityNET (AGIX) is a blockchain-powered platform that allows anybody to easily create, share, and monetize AI services, with the help of its globally-accessible AI marketplace. As a result, the AGIX has registered notable adoption in recent months.
According to the latest market data, AGIX price has added more than 35 percent in the past 24 hours to trade around 71 cents on Thursday.
The mid-cap altcoin, with a fully diluted valuation of about $985 million, is on the cusp of setting a new ATH if the bullish momentum continues.
Artificial Liquid Intelligence (ALI)
The Artificial Liquid Intelligence (ALI) token, a utility-based ERC-20 asset on the AI Protocol, has also shown early signs of bullish breakout potential. According to the latest market data, ALI tokens gained more than 25 percent in the past 24 hours to trade around $0.058 on Thursday.
Delysium (AGI)
Delysium (AGI) is a highly liquid small-cap and AI-focused crypto project that has registered notable gains in the recent past. In the past 30 days, AGI price has rallied more than 266 percent to trade around 18 cents on Thursday.