AI Tokens Surge as Nvidia Beats Earnings Expectations, Ethereum Finds Path to Record High, Bitcoin Could Reach $150K: Crypto News
AI-related tokens experienced a surge in value after chipmaker Nvidia exceeded its fourth-quarter earnings expectations. SingularityNet, FetchAI, Render, The Graph, and Worldcoin all saw significant gains. The overall market cap of AI tokens now exceeds $17 billion. Ethereum's native token, ether, may have a path to a record high of $5,200 after breaking out of an "ascending triangle" price pattern. Bitcoin's rally appeared to lose some steam following a 35% gain over the past couple of weeks to $53,000, but FundStrat head of research Tom Lee remains bullish and predicts the largest cryptocurrency could reach as high as $150,000 this year.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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