NVIDIA, a global leader in GPU technology, is set to release its Q3 earnings for the 2024 fiscal year, which is expected to influence AI-themed cryptocurrencies. In the past, NVIDIA's earnings have had mixed effects on the market, sometimes causing sell-offs and other times sparking rallies. The AI coins to watch ahead of the earnings report include RENDER, which has experienced a price increase of 27% in the last seven days. If the momentum remains bullish and NVIDIA's earnings are positive, RENDER could rise to $8.83 or even $11.86. However, if it becomes a "sell the news" event, the price may drop to $5.47.
Another AI coin to watch is GRASS, a project launched in October. Although it has notable market interest, GRASS's price has decreased by 10.31% in the last seven days. The Parabolic SAR indicator suggests that the value could potentially drop below $2.36, but if buying pressure increases before the earnings report, the price may rally towards $3.30.
PAAL AI, built on the Ethereum blockchain, is another AI coin to watch. Its price has increased by 12.35% in the last 24 hours, and if demand continues to rise and NVIDIA's stock price increases, PAAL's value may continue to jump. However, if there is a drop in volume, PAAL may slump lower.
- Content Editor ( beincrypto.com )
- 2024-11-18
3 Artificial Intelligence (AI) Coins to Watch Ahead of NVIDIA Q3 Earnings