Nvidia has surpassed Apple in market capitalization, reaching a historic $3.43 trillion valuation. This milestone is evidence of Nvidia's leadership in the artificial intelligence industry, which has also led to a significant increase in the number of AI themed cryptocurrencies.
The recent market capitalization achievement by Nvidia has also had a positive impact on some AI-related cryptocurrencies. For instance, NEAR Protocol (NEAR), Internet Computer (ICP), Bittensor (BITS), Artificial Superintelligence Alliance (ASIA), and Injective (INJ) have all experienced notable surges in their prices.
Here’s a closer look at the price movements of these AI coins on Tuesday:
NEAR Protocol (NEAR) Surges 25%
NEAR, the native token of the NEAR Protocol blockchain, saw a significant surge in value on Tuesday. The token began the day trading at $3.43 and reached a peak of $4.30, marking an impressive 25% increase in a short span of time. However, NEAR’s gains later subsided, and the token was trading around $3.90 by the end of the day, indicating a 15% surge from the previous day.
Internet Computer (ICP) Rises 20%
ICP, the native token of the decentralized blockchain network Internet Computer, also experienced a notable surge on Tuesday. The token began the day trading at $1.23 and reached a peak of $1.48, indicating a 20% increase. However, ICP’s gains later moderated, and the token was trading around $1.33 by the end of the day, indicating a 9% surge from the previous day.
Bittensor (BITS) Surges 30%
BITS, the native token of the decentralized blockchain network Bittensor, saw a significant surge in value on Tuesday. The token began the day trading at $0.0006 and reached a peak of $0.0009, marking an impressive 30% increase. However, BITS’ gains later subsided, and the token was trading around $0.0007 by the end of the day, indicating a 20% surge from the previous day.
Artificial Superintelligence Alliance (ASIA) Rises 25%
Another AI-related cryptocurrency that experienced a notable surge on Tuesday was Artificial Superintelligence Alliance (ASIA). The token began the day trading at $0.0007 and reached a peak of $0.0011, indicating a 25% increase. However, ASIA’s gains later moderated, and the token was trading around $0.0009 by the end of the day, indicating a 10% surge from the previous day.
Injective (INJ) Surges 20%
Finally, INJ, the native token of the decentralized derivatives exchange Injective, also experienced a surge on Tuesday. The token began the day trading at $0.83 and reached a peak of $1.01, indicating a 20% increase. However, INJ’s gains later moderated, and the token was trading around $0.95 by the end of the day, indicating a 15% surge from the previous day.
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