First Mover Americas: AI Tokens Reclaim the Spotlight

Artificial Intelligence (AI)-related tokens took the lead Thursday, with (FET) rallying 35% in 24 hours, followed by SinglarityNET (AGIX), which jumped 30%. According to Miles Deutscher, a crypto analyst, AI-related tokens are pumping as the global AI Nvidia conference for developers and engineers approaches on March 18. Deutscher tweeted he expects the AI-run to continue. Render (RNDR), a GPU marketplace that lets users contribute computational power to 3D rendering projects and earn tokens in return, also rallied, gaining 31%. AI-related tokens witnessed a surge late last month after Nvidia beat fourth-quarter earnings estimates. Strahinja Savic, head of data and analytics at FRNT Financial, said it’s important to question how effective exposure is to artificial intelligence via these AI-themed tokens as most don’t actually have a direct connection to the adoption being driven by OpenAI or Google’s Gemini. Gemini is Google’s family of AI models, similar to OpenAI’s ChatGPT.

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