Key Points
- AI tokens saw impressive surges ahead of Nvidia’s Q2 earnings report set for release on August 28.
- Data from CoinGecko shows price increases between 17% and 60% for the top 5 AI coins.
According to the latest data from CoinGecko, AI tokens saw impressive price surges during the past week, ahead of Nvidia’s Q2 earnings report set to be released on August 28.
AI Tokens Surge Ahead of Nvidia Report
The top 5 AI tokens by market cap recorded price surges between 17% and 60%, according to official data.
Near Protocol (NEAR) recorded a surge in price of 25% in the past seven days. Today the token is priced at $4.87, up by 0.7% in the past 24 hours. The coin now has a market cap of over $5.4 billion.
Internet Computer (ICP) saw a surge in price of over 17% in the past week. Today, the coin is trading at $8.35, up by almost 1% in the past 24 hours, with a total market cap of almost $4 billion.
Artificial Superintelligence Alliance (FET) saw a surge of 60% in the past week, and today, the coin’s price is $1.32, up by over 12% in the past 24 hours. The total market cap of FET is now $3.3 billion.
Bittensor (TAO) is priced at almost $344 today, up by over 7% in the past 24 hours. The coin recorded a surge of over 22% in the past seven days and it reached a market cap of $2.5 billion today.
Render (RENDER) is now priced at $6.25, up by 1.5% in the past 24 hours. The coin recorded a surge of over 40% in the past 7 days and it now has a total market cap of over $2.4 billion.
Other important AI tokens recorded significant surges in the past seven days such as SingularityNET (AGIX) which saw a surge of over 57%, Ocean Protocol (OCEAN) which surged by over 61% in the past week BasedAI (BASEDAI) which surged by almost 80% in the past seven days, according to data from CoinGecko.
Nvidia is set to release its Q2 2024 earnings report on August 28, and the results could trigger more price surges for AI-related tokens. Historical data has already shown a strong connection between AI tokens and booms in trends related to AI.
Nvidia anticipates a Q2 revenue of $28 billion, compared to the Q1 revenue of $26 billion.
