Expert Opinion: These 3 AI Coins Should Be on Your Radar, They Might Ignite!

Considering its magnitude and significance, the upcoming Nvidia earnings report could have a substantial impact. This report has the potential to significantly influence certain tokens and potentially trigger a major rally in AI coin projects. Investors may gravitate towards these assets in pursuit of quick profits following the report. Crypto expert Andreja Stojanovic examines three AI tokens that could benefit from this situation.

The Leading AI Token: Render (RNDR)

Render (RNDR) is known as the "Nvidia of crypto" and is often one of the first tokens that come to mind alongside NVDA shares. Render is a decentralized platform that utilizes Blockchain technology to provide GPU power for artists and creators. Since Nvidia's previous earnings report, RNDR had generally been trading at lower prices, but it has seen a significant uptick in the past two weeks. Showing a 49.78% increase over the last 30 days, Render is currently trading at $7.88.

Render's past performance suggests that the upcoming earnings could have positive effects on the token. However, traders should be cautious of a potential sudden decline. Particularly in February, there was a substantial rise from $6.5 to $13. The increases in May and August were shorter and more limited.

The Second AI Coin: Artificial Superintelligence Alliance (FET)

The Artificial Superintelligence Alliance (FET), comprising Fetch.ai, Ocean Protocol, and SingularityNET, may have notable potential following Nvidia's earnings report. Similar to Render, FET's past performance shows some uncertainty. While February's earnings triggered a major rally, May and August saw more modest increases. FET is progressing with slower momentum, giving investors more time. After the Q4 2023 report, it nearly tripled in value. However, after an 82% increase prior to Q1 earnings, there was a 32% decline. The Q2 report also exhibited a similar pump-and-dump dynamic. Moreover, FET's rise in recent weeks has been slower and more distinct, which might indicate decreased momentum behind it. However, this situation also reduces the likelihood of the token reaching unstable high price levels. At the time of writing, FET is trading at $1.28.

The Final AI Coin: The Graph (GRT)

The Graph (GRT), like the other two AI tokens, has shown significant reactions to Nvidia earnings reports in the past. However, GRT's historical performance has been weaker, especially compared to FET and RNDR. While there was a major rally after the February report, prices experienced a significant drop immediately following the May report. A delayed increase was observed between August and September. Nevertheless, GRT has a stronger positive momentum than FET. Recording a more balanced rise with a 35.69% increase over the last 30 days, GRT is currently trading at $0.23 at the time of writing.

In conclusion, some AI coin projects may trigger a potential rally following the upcoming Nvidia earnings report. However, it's crucial for investors to exercise caution and formulate strategies while considering past performances.