AI-Focused Tokens Edge Higher Ahead of Nvidia Earnings Results
Artificial intelligence (AI)-focused cryptocurrencies such as Fetch.ai's FET, Render's RNDR, Bittensor's TAO, SingularityNET's AGIX, and AIOZ Network's token (AIOZ) saw increases of 4%-7% over the past 24 hours, despite a broader digital asset market decline. This comes ahead of Nvidia's quarterly earnings report. AIOZ Network's token jumped after the chip-maker listed the project on the Nvidia Accelerated Applications Catalog. The native token of Near Protocol (NEAR) also saw a 2% gain during the same period. The overall market decline follows a rally driven by positive regulatory developments in the U.S. and falling bond yields due to easing inflation fears. Nvidia shares were down by 1.5% just before the close of regular trading on Wednesday.
