AI Coins Rally on Nvidia Speculation While Meme Coins Cool Off
-
Prices of AI tokens like FET and AGIX are surging on speculation an Nvidia crypto product will be announced at a March conference.
-
Inflows into AI tokens coupled with sell-off in meme coins like DOGE and SHIB, which led recent crypto rallies.
-
AI token prices rose 40% in 24 hours, while bitcoin was only up 0.3%.
-
Traders betting on AI coins as proxy for expected AI innovations, though relationship between AI and crypto is unclear.
-
Drop in futures open interest signals money leaving meme coin market after multi-week rally.