Bittime - In the midst of the crypto market recovery, a digital asset initiated by an artificial intelligence (AI)-based blockchain project is stealing attention.
This crypto asset has shown brilliant performance in the last few days. On the other hand, shares of Nvidia (NVDA), a chip manufacturing company that is synonymous with AI technology, also experienced an increase on the Nasdaq stock exchange.
RNDR AI Coin Leads Massive Growth
RNDR, the utility token of The Render Network, a decentralized GPU-based rendering solution, saw its price surge nearly 40% in the past seven days.
This surge makes RNDR the crypto asset with the biggest gain among the top 100 cryptocurrencies by market capitalization, according to data from CoinGecko.
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2 AI Coins: AGIX SingularityNET, TAO Bittensor, and FET Following
Other AI-based crypto assets show even more brilliant performance. For example, AGIX SingularityNET, TAO Bittensor, and FET Fetch.ai posted gains of between 17% and 23%, outpacing the overall market movement.
In comparison, Bitcoin, the crypto asset with the largest market capitalization, only experienced an increase of 1.7%. Meanwhile, the CoinDesk 20 Index, which reflects overall crypto market movements, only edged up 0.6%.
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Rising NVIDIA Stock ($NVDA)
NVIDIA's share price ($NVDA) soared to $922 on Monday, marking a record high since April 1.
The move represents a significant recovery from the low of $756 recorded on April 19, with a gain of more than 20%, as shown by data from the TradingView platform.
OpenAI's ChatGPT Debut Triggers Awakening
Over a long period of time, a close relationship has been established between Bitcoin and the crypto market as a whole with NVDA.
NVDA chips were initially used to power mining rigs, but were later also applied in the field of artificial intelligence.
Both NVDA and the crypto market bottomed out in late 2022, after experiencing downward trends for nearly a year.
The debut of OpenAI's ChatGPT sparked a revival, increasing public awareness of artificial intelligence.
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The Power of AI Coin Will Expand with the Arrival of ChatGPT 5
There is news that OpenAI will soon launch ChatGPT version 5 in the near future. This is reinforced by the company's financial report showing quarterly revenue growth exceeding expectations, driven by large investments in the field of artificial intelligence.
How to Buy Crypto on Bittime
You can buy and sell crypto assets in an easy and safe way via Bittime . Bittime is one of the best crypto applications in Indonesia which is officially registered with Bappebti.
To be able to buy crypto assets on Bittime , make sure you have registered and completed identity verification. Apart from that, also make sure that you have sufficient balance by depositing some funds into your wallet. For your information, the minimum purchase of assets on Bittime is IDR 10,000. After that, you can purchase crypto assets in the application.
Learn Complete Guide How to Buy Crypto on Bittime .
Monitor price chart movements of Bitcoin (BTC) , Ethereum (ETH) , Solana (SOL) and other cryptos to find out today's crypto market trends in real-time on Bittime.
Also read:
SOL Returns to $150:Here are Solana's Next Price Predictions
Avalanche (AVAX) Attracts Interest from Large Investors
Latest Transaction Tracking Solution: Geth Live Monitoring Tool to Improve Ethereum Analysis
DISCLAIMER: This article is informational in nature and is not an offer or invitation to sell or buy any crypto assets. Trading crypto assets is a high-risk activity. Crypto asset prices are volatile, where prices can change significantly from time to time and Bittime is not responsible for changes in fluctuations in crypto asset exchange rates.
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