Top AI Crypto Coins to Keep a Close Watch During this Bull Cycle
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- The rise of Nvidia to a trillion-dollar company has inspired the rise of most AI-focused crypto projects.
- The AI-focused crypto projects are expected to play a huge role in the confirmed bull cycle similar to DeFi’s rise in the last cycle.
- The AI-crypto projects have already surpassed $18.4 billion in market cap and are projected to scale further in the coming months.
On Wednesday, Nvidia Corp. (NASDAQ: NVDA) reported its fourth quarter and fiscal 2024 financial results. According to the financial statements, Nvidia reported a revenue of $22.1 billion during the fourth quarter, thus reaching $60 billion for the full year. The rise of Nvidia to a $1.72 trillion tech company in less than two years has significantly inspired the rise of artificial intelligence (AI) focused web3 startups.
Moreover, there are unlimited applications of AI in the web3 sector including derivatives trading.
AI-Crypto BoomIn every crypto bull cycle, new narratives have emerged to fuel the parabolic rallies. During the 2021 crypto bull cycle, the emergence of decentralized financial (DeFi) tokens thrived following the ICO narrative in the 2017 bull cycle. With the rise of Bitcoin above $50,000 having confirmed the much-awaited bull cycle, discussions of the next narrative have escalated.
Undeniably, the AI-crypto focused projects are expected to perform very well in this bull cycle. Moreover, more institutional investors have focused on AI-based crypto projects to diversify their portfolios.
Top AI Coins to Keep an Eye On