AI coins surge 20% as Nvidia GTC approaches: Predictions and expectations

In recent times, the realm of Artificial Intelligence (AI) coins has witnessed a significant upswing, with substantial advancements in the global AI sector fueling their growth. The AI tokens index has experienced a sharp 16% increase in just the past day, pushing their total market valuation beyond the $26 billion mark, according to CoinGecko statistics. Moreover, the AI coins sector has seen its total trading volume eclipse $3.5 billion.

Upcoming Nvidia GTC Conference

Jensen Huang, the CEO of Nvidia, is slated to inaugurate the company's yearly GTC conference on Monday, March 18. The event, taking place at the SAP Center in San Jose, California, will feature a two-hour keynote by Huang, disclosing Nvidia's strategic roadmap for the coming year. Nvidia has historically leveraged the GTC conference to reveal some of its groundbreaking products.

Last year, Nvidia introduced its Hopper graphics architecture and the H100 graphics processing unit, which quickly became a top choice for organisations in AI model training and deployment. This year, expectations are high for Nvidia to reveal successors to both Hopper and the H100, potentially sparking renewed interest in Nvidia's products. Recently, Nvidia offered a sneak peek of its forthcoming Blackwell B100 AI GPU.

In another notable move, Nvidia has entered a strategic collaboration with Google to integrate Google's Gemma AI technology into Nvidia's product lineup.

Spotlight on AI coins

With the Nvidia GTC conference drawing near, the AI token market is buzzing, registering a remarkable 16.8% surge in the past day. Leading the pack is RNDR with an impressive 17.4% jump, followed by TAO with a 7.5% increase. Additionally, FET has seen a noteworthy 14% rise, reflecting the positive market sentiment towards AI tokens in anticipation of the conference.

Among the most prominent gainers in the AI coins sector over the past 24 hours are Rosnet, Precipitate.ai, and LaLM AI, each recording gains exceeding 50%.

The current market trend is heavily influenced by the AI narrative, driving significant appreciation in AI-focused altcoins. Fetch.AI (FET) has skyrocketed by 528% in just 28 days, and Worldcoin (WLD) has also enjoyed a substantial rally of 456% in the same timeframe. 

With Nvidia AI conference looming, these AI coins stand to further capitalise on the momentum within the industry.