AI tokens were the best performers on Sunday.
Nvidia will be holding its AI GTC conference in the United States.
BitBot continued its token sale, raising over $1 million.
Bittensor (TAO) and Render Token (RNDR) prices rebounded sharply on Sunday as traders refocused on the upcoming Nvidia GTC event in the United States. Both tokens surged more than 20% on Sunday, offsetting some of the losses incurred over the weekend. meantime, Beatbotan upcoming Telegram bot, continues to gain popularity among investors.
Ahead of the Nvidia GTC event
This week will be an important week for financial markets. From a macro perspective, central banks will make numerous decisions. The Reserve Bank of Australia (RBA) is expected to announce its interest rate decision on Tuesday.
They will be followed by other central banks such as the Federal Reserve, Bank of England, Swiss National Bank, and Bank of Japan. These decisions will likely impact cryptocurrencies and other financial assets.
Another big event is the upcoming AI conference by Nvidia, the world’s third largest company. The world’s largest companies will participate in this AI conference. Many cryptocurrency companies will also attend.
This explains why AI tokens like Bittensor and Render are used. Get AI, SingularityNET surged on Sunday. In most cases, these tokens tend to perform well when there are major events or AI-related news.
For example, these tokens soared after Nvidia announced strong financial results in February. The company’s sales soared more than 240% during the quarter, suggesting demand for its AI chips is strong.
The Bittensor token performed well, with the number of accounts surging to over 69,000. The network provides a peer-to-peer (P2P) intelligence marketplace. Render, on the other hand, offers a distributed GPU solution to simplify the rendering process.
BitBot Token Sale Continues
Meanwhile, BitBot, a next-generation blockchain company, is achieving good results as its popularity gains momentum. According to data on the website, the developer raised more than $1 million within a few weeks of launching the token sale.
BitBot aims to transform one of the biggest industries in the trading industry: Telegram bots. First of all, Telegram is one of the world’s largest social media companies with over 900 million people worldwide.
It is mainly used for communication purposes. However, it is also used in other ways. For example, it is used by bot developers to distribute signals.
In most cases, these signals tend to be ineffective and full of scams. Therefore, BitBot aims to transform this industry by developing effective, safe, and blockchain-enabled robots. Powered by $BITBOT token.
Holders of $BITBOT tokens can enjoy several benefits, including the possibility of discounts and governance decisions.
According to it blank, The token sale will end in Q1 and BitBot will be launched in Q2. It will also be launched on DEX and DEX platforms during the quarter. You can learn more about BitBot. Website.