AI-focused cryptocurrencies have seen significant gains in the past week following Nvidia's positive quarterly sales report. NEAR Protocol, the largest AI coin by market cap, rose 20%, while other tokens like Internet Computer, Bittensor, FET, and SingularityNET also recorded gains ranging from 20% to 26.4%. Additionally, Qubic, Virtuals Protocol, Grass, and Livepeer saw even higher gains. These increases in value have pushed the total market cap of AI coins to an all-time high of $42.19 billion. Nvidia's strong earnings report, which exceeded estimates, and the company's commitment to generative AI and accelerated computing technologies have been driving factors behind these gains. Analysts at Citi predict further growth for Nvidia's stock, projecting a 27% climb within the next 90 days. The appointment of an "AI czar" by the U.S. administration has also contributed to the positive sentiment towards AI-related cryptocurrencies.



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