Why AI Cryptos Will Spike Big This Rally: Focus on Render (RNDR), Fetch.ai (FET), and These 4 Tokens
According to prominent crypto analyst “Mystery of Crypto” (@Mysteryofcrypt), several factors are converging to potentially drive a massive rally in AI-focused cryptocurrencies in the coming months.
One of the key catalysts mentioned is Nvidia’s upcoming Q1 FY25 revenue report on May 22nd. As a leading manufacturer of graphics processing units (GPUs) and AI chips, Nvidia’s performance is seen as a bellwether for the entire AI industry. A strong revenue report could signal increased demand for AI chips, benefiting cryptocurrencies that leverage AI algorithms like SingularityNET (AGI), Fetch.ai (FET), and OCEAN Protocol (OCEAN).
Another highly anticipated event is the launch of OpenAI’s GPT-5 language model, expected this summer. GPT-5 is rumored to be a significant upgrade, with the ability to launch AI agents to perform tasks automatically – a potentially game-changing development that could further spur interest in AI-based cryptos.
Fueling the AI revolution is OpenAI CEO Sam Altman’s audacious plan to raise an unprecedented $7 trillion to revolutionize the global semiconductor industry for AI applications. This ambitious project aims to address the critical shortage of AI chips needed to meet soaring demand from tech giants and research institutions.
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Show more +Apple is also making moves in the AI space, with reports indicating the tech giant is developing its own AI server processor using TSMC’s cutting-edge 3nm process technology. This could position Apple as a major AI chip player, potentially benefiting cryptocurrencies like Render (RNDR), which operates a decentralized GPU rendering network.
Not to be outdone, Microsoft and OpenAI are reportedly planning to build a massive $100 billion data center and supercomputer, code-named Stargate, to take their AI capabilities to new heights. This facility will house millions of specialized server chips to enable advanced AI computing tasks, further driving demand for AI-related technologies and cryptocurrencies.
Amid this flurry of activity, several AI-focused cryptocurrencies are garnering attention from investors. In addition to the aforementioned tokens, “Mystery of Crypto” highlights Filecoin (FIL), a decentralized storage network; The Graph (GRT), a protocol for indexing and querying blockchain data; Ocean Protocol (OCEAN), a decentralized data exchange protocol; and ChainGPT (CGPT), a decentralized AI assistant built on the blockchain. He also mentioned Fetch.ai (FET) and Render (RNDR).
As the AI revolution continues to gather momentum, the crypto market appears poised to capitalize on this trend, with AI-focused tokens potentially leading the charge in the upcoming rally, according to the analyst’s assessment.
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