As NVDA Stock Crosses $1,000 for the First Time, These 3 AI-Powered Cryptocurrencies Will Explode with Nvidia

There is a direct correlation between the stock price performance of artificial intelligence (AI) companies like Nvidia and those of cryptocurrencies. When the price of Nvidia increased in the first quarter of 2024, crypto AI tokens such as FET and the rest skyrocketed. The same will be replicated once again in the second quarter of 2024.

NVidia dominates as stock prices top $1,000

Yesterday, Nvidia, a chipmaker, once again shattered expectations when the Nividia stock price surpassed $1,000 for the first time in its history.

Revenue from data center operations, including the sale of AI chips, rose to $22.6 billion, more than 4x growth year to date.

As revenue increased, net income also rose to $14.88 billion, up from nearly $3 billion in the previous quarter. The spike, driven entirely by stellar first-quarter 2024 earnings performance, makes it one of the largest companies in the world, cementing its dominance.

If nothing else, Nvidia’s success can be seen as an indicator of the booming artificial intelligence industry.

Undoubtedly, there is strong demand for their superior AI-focused chips, which will only increase with the release of “Blackwell” later this year. Leading companies like OpenAI (which is behind ChatGPT), Google, and Meta are all purchasing Nvidia products.

The Rise of AI Cryptocurrencies: ASI, WienerAI, and PAAL AI are tokens to watch out for

As Nvidia prices rise, savvy investors are looking at crypto tokens that integrate artificial intelligence.

Considering the boom in the first quarter of 2024, coinciding with the sharp increase in Bitcoin prices, there are high hopes that the prices of cryptocurrencies and AI tokens will also increase in the second and third quarters of 2024.

If so, investors believe the following tokens are worth exploring:

1. Alliance for Artificial Superintelligence (ASI): The ASI token is released following a merger between some of the largest AI-focused crypto projects in the world. Three projects, Fetch.ai, SingularityNET and Ocean Protocol, hands clasped and will release ASI in the coming weeks, with an initial market capitalization of $7.5 billion. At this level, the token will have more value than Polygon, Litecoin and Uniswap. ASI will have a place in the top 20. This merger aims to accelerate research in artificial intelligence and prevent big tech companies like Alphabet from dominating the field. As a result, analysts expect the ASI to roar at launch.
2. PAALAI: ChatGPT gained popularity once launched, as the number of users soared to over 100 million weeks after its highly anticipated release. The chatbot is a mega success. PAAL AI aims to replicate this success, explaining why proponents say it is the “ChatGPT of cryptocurrencies.” The platform is an AI-powered chatbot ecosystem that leverages artificial intelligence and machine learning to assist investors. PAAL is critical to this platform, allowing holders to access services, participate in governance, and even stake.
3. Wiener AI: Analysts always advise investors to take early action, especially when choosing a quality and potentially high-growth unicorn. Among the many cryptocurrency/AI tokens, WienerAI stands out, especially considering the success of its ongoing pre-sale. Just days after launching, WienerAI raised over $2.7 million. Investors found an opportunity primarily because of the project’s ambition. WienerAI will release AI algorithms that will enable the rapid optimization of trading strategies. At the same time, the platform has a vibrant community, robust tokenomics, and is secure. WAI token holders can stake and earn a 373% return. In the future, they plan to launch a DEX. WAI is now available for $0.00071, but top YouTuber influencers think the token can easily 100X in the coming months.

The future of artificial intelligence and cryptocurrencies: eyes on WAI

Blackwell will be operational by the end of the year, meaning the chances of an Nvidia rally, even after the stock split, are high. The positive correlation between Nvidia’s performance and AI crypto tokens means that those who enter now have the opportunity to gain great benefits. WAI investors are favorably positioned as the token is available at a steep discount. Furthermore, users are rushing to purchase for staking ahead of the expected launch of WienerAI DEX.

To explore: BRETT Price Analysis: BRETT on the base is facing a sharp price correction as more tokens go viral

Disclaimer: Cryptocurrencies are a high-risk asset class. This article is provided for informational purposes and does not constitute investment advice. You could lose all your capital.

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