All Eyes on AI Coins as Nvidia Eclipses Microsoft

AI cryptocurrencies are surging as chip manufacturer Nvidia becomes the world's most valuable company, taking the top spot from Microsoft on Wednesday.

AI cryptocurrencies surged on Wednesday as chip manufacturer Nvidia became the world’s most valuable company, taking the top spot from Microsoft.

The AI hype is palpable once more as Fetch.ai (FET) and SingularityNET (AGIX) both surged over 20% today. That said, FET still trades at a 50% discount from its all-time high.

Meanwhile, new AI token WienerAI is also seeing huge demand in its presale, which has now raised over $6 million.

AI cryptocurrencies are rallying as Nvidia becomes the world’s most valuable company.

According to data from Companies Market Cap, Nvidia is now valued at $3.3 trillion, which dwarfs Microsoft’s market cap of $2.9 trillion. The chip giant is also worth more than the entire cryptocurrency industry, the United Kingdom’s GDP, or France’s GDP.

Nvidia stock price is up an incredible 209% year-to-date, highlighting the massive demand for computational power to train AI models.

AI crypto projects, which typically aim to democratize access to AI infrastructure, are also gaining steam as Nvidia takes center stage.

Fetch.ai and SingularityNET are two of the top performers today, with FET and AGIX both surging over 20%.

FET has jumped a whopping 27%, which zeros out its weekly loss. However, it still trades at a 32% discount from its price one month ago and almost 50% from its March all-time high (ATH).

The project currently has a market cap of $1.4 billion and a 24-hour trading volume of $422 million, up 111%.

On Tuesday, prominent trader crypto bullet revealed that he is buying Fetch.ai and predicts it will have “one of the strongest bounces.”

$FET 1D

@Fetch_ai is down almost 70% from since it's ATH

I'm starting to scale into a spot position from here

It will very likely have one of the strongest bounces once the market turns bullish again ? pic.twitter.com/77mPVCK8dS

Meanwhile, Crypto Rover anticipates the token will hit $10 shortly, providing over a 6x from its current price of $1.66.

Moving to SingularityNET, the project has also seen significant growth today. It is currently trading at $0.67, up 25%, but down 2% this week and 35% this month. It’s also down over 50% from its March high.

Like FET, analysts have high hopes for AGIX. In a recent analysis, PipSnipers notes that the project is trading in a macro ascending wedge and predicts the next wave will push it to highs of $4.9.

$AGIX – Macro rising wedge

– LIVE updates and explanations on this coin in the Patreon ?❤️ pic.twitter.com/879Drdm1AA

With the dominance of Nvidia in the stock market, market conditions couldn’t be better for AI-themed cryptocurrencies.

One of the latest projects to cause a stir is WienerAI, a new meme coin-themed AI trading bot currently in its presale.

Is This the Next AI Coin to Explode? WienerAI Presale Raises $6M as Analyst Eyes 100X Returns

While its AI functionality does the heavy lifting, WienerAI has a meme coin community-facing exterior, causing a buzz among beginners and more speculative traders.

This combination of cutting-edge innovation and memetic playfulness has led to striking success, with over $6 million raised in the 1presale.

The project’s bread and butter is an AI-enhanced trading bot that will scour the market for trading opportunities based on criteria laid out by users.

Once it finds opportunities that the user is happy with, it can take advantage of its automated trade execution from a seamless and intuitive user interface.

While dialing up the users’ trading abilities, the WienerAI bot tackles the perplexing user experience of buying crypto on-chain.

For that reason, WienerAI is a huge deal in the DeFi domain.

In addition to support from investors, prominent industry experts have hailed the new crypto presale.

In a recent video, the Crypto News YouTube channel said it has 100x potential.

The current WienerAI presale price is $0.00072, but this will rise throughout the campaign, with the next uptick in just one day.

Visit WienerAI Presale