NVDA - These AI-Related Cryptos Have Outperformed Bitcoin Ethereum Over A Week: Nvidia Effect Or Something Else? | Benzinga
Artificial Intelligence (AI)-related cryptocurrencies were among the market's biggest weekly gainers, seemingly riding high on the rally of AI giant NVIDIA Corp. (NASDAQ:NVDA).
What Happened: Fetch.ai (CRYPTO: FET), SingularityNET (CRYPTO: AGIX), and Ocean Protocol (CRYPTO: OCEAN) are up 8.24%, 8.39%, and 5.21% respectively over the week, outperforming market-heavyweights Bitcoin (CRYPTO: BTC) and Ethereum (CRYPTO: ETH).
For the majority of the month, both coins followed a downward trend. However, the rebound began last week, on June 18, when Nvidia eclipsed Big Tech as the world’s most valuable company.
Interestingly, shares of the company have fallen 6.6% since the milestone, and the company ...