Categories: News

AI Sector Soars: Leads The Charge With Staggering 70% Surge

The AI sector is experiencing a remarkable rally, with (link unavailable) ($FET) taking the lead with a massive 70% price surge over the past week.

Other AI coins, such as TAO ($TAO) and Render ($RENDER), have also demonstrated impressive growth, with gains ranging from 80% to 120% since the August bottom. In contrast, many other Layer 1 (L1) cryptocurrencies have only seen modest increases of 20%-30%.

Upcoming NVIDIA Earning Reports Drives AI Performance 

One key factor driving the AI sector’s outperformance is the upcoming NVIDIA quarterly earnings report, expected this week. A better-than-expected outcome could further fuel the growth of AI coins.

Related Post

Notably, a whale investor recently made a significant move, purchasing 1.79M $FET tokens for 2.385M $USDT ($1.33 per token) on Binance, just six hours ago. Interestingly, this same whale had sold 2.33M $FET tokens for 2.385M $USDT ($1.02 per token) between August 11th and 23rd, seemingly regretting their earlier decision and buying back in at a higher price. This significant transaction highlights the growing interest and confidence in the AI sector.

Disclosure: This is not trading or investment advice. Always do your research before buying any cryptocurrency or investing in any services.

Follow us on Twitter @themerklehash to stay updated with the latest Crypto, NFT, AI, Cybersecurity, and Metaverse news!

Will Izuchukwu

Will is a News/Content Writer and SEO Expert with years of active experience. He has a good history of writing credible articles and trending topics ranging from News Articles to Constructive Writings all around the Cryptocurrency and Blockchain Industry.

Share
Published by
Will Izuchukwu

Recent Posts

Best Crypto Wallets 2024: Top Choices for Security & Rewards

The 5 Best Crypto Wallets Worth Using in 2024 — Find Out Why Selecting a…

18 mins ago

Ethereum Ecosystem Primed For A November Rally – ETH Coins Chainlink (LINK), Toncoin (TON), And Cutoshi (CUTO) The Ones To Watch

With a Total Value Locked (TVL) of $50.72B, Ethereum is the world's largest blockchain, with…

7 hours ago

Analysts Predict a Rollblock 5000% Surge Dwarfing Pepe Coin and Popcat Recent Fame

The meme coin market has recently been surging once again; tokens such as Pepe and…

17 hours ago

FLOKI Dominates Meme Market as Rollblock ICO Skyrockets. Is Polkadot Losing Its Edge?

The FLOKI price has recorded over 300% yearly ROI, dominating crypto gains in the meme…

17 hours ago

Which Crypto Could Turn $1K Into $100K: Algorand (ALGO), Aptos (APT), or Rollblock (RBLK)?

Crypto investors are constantly searching for promising opportunities to diversify their portfolios and Algorand, Aptos,…

17 hours ago

Which Crypto Could Turn $1K Into $100K: Algorand (ALGO), Aptos (APT), or Rollblock (RBLK)?

Crypto investors are constantly searching for promising opportunities to diversify their portfolios and Algorand, Aptos,…

17 hours ago