AI Crypto Tokens Surge Alongside Nvidia Stock Optimism, Fueling Broader Tech Rally
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AI crypto tokens like ARKM, GRT, and RNDR are seeing major price surges, with some doubling or going up 60% in a week. This is tied to AI stock optimism.
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Nvidia stock has surged 46% in 2023, powering tech stocks and the S&P 500. Its upcoming earnings are highly anticipated.
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The Graph's GRT token hit nearly $0.30, its highest since May 2022, but remains far below its $2.50 all-time high in 2021.
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Render Token hit all-time highs in late 2023 after a 1,100% yearly gain. It's currently 15% away from surpassing this record high.
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Crypto markets are taking cues from big AI players in traditional finance like Nvidia and Super Micro Computer Inc, causing ripple effects.