NVIDIA GTC Sparks AI Token Surge: RNDR +20%, FET +14%, Market Cap Reaches $26 Billion

The anticipation of the NVIDIA GPU Technology Conference (GTC) has sparked a significant increase in the cryptocurrency market, particularly in AI-related tokens. Notably, the price of AI tokens surged by more than 16.8%, with RenderToken (RNDR) experiencing a 20% increase, TAO rising by 11%, and Fetch.ai (FET) by 14% within 24 hours. This upswing has propelled the crypto AI market cap to a new high of $26 billion. The conference, which is scheduled from Monday to Wednesday, is seen as a key driver behind the continued strength in crypto AI. Despite this positive trend, a recent report from Coinbase has criticized AI tokens for lacking sustainable driving factors, hinting at potential volatility in the market. Among the top performers in this surge are RNDR, TAO, FET, AGIX, with AGIX posting a 13% gain, and several others, all posting double-digit gains.