• Thu. May 30th, 2024

As Nvidia grabs Wall Street’s attention, Is this AI token worth buying?

  • Nvidia will release its Q4 earnings today and market anticipation is high.
  • AI tokens, including Fetch.AI, Render and SingularityNET have rallied amid the AI narrative.
  • New meme token Memeinator is emerging as one of the top projects to invest in as crypto and AI sentiment picks momentum.

Nvidia has been the talk of Wall Street for a few days now, and the spotlight gets even more intense when the chip maker releases its Q4 earnings after the bell on Wednesday.

With Nvidia’s results likely to dominate the AI space, crypto investors seeking to diversify their portfolio could look at key AI related tokens in the market. Thinking of Render, Fetch.AI or, although not a pure-play AI token, the Memeinator? Here’s more.

All eyes on Nvidia Q4 earnings report – and these AI tokens

Nvidia has had a blockbuster year or so, riding its massive success in the AI chip sector to record huge stock market gains. Demand for the firm’s flagship H100 chips is very high. It could explode with the upcoming B100 chip.

At $1.72 trillion, Nvidia is currently the sixth-largest company in the world by market cap. Last week, the company’s market cap briefly surpassed that of Amazon and Google-parent Alphabet, and this year, NVIDIA stock price is up 44% year-to-date and 236% in the past 12 months. Wall Street is abuzz about the chip maker’s potential and AI crypto tokens are poised.

As such, decentralized GPU rendering and other AI-driven marketplaces could be projects set to ride the upward momentum in the AI investment space. Investors are thus hyped about Render, Fetch.AI and SingularityNET.

OpenAI’s recent unveiling of its text-to-video AI model Sora also buoyed crypto AI tokens, including Livepeer and Ocean Protocol.

But what other AI related crypto tokens could investors be eyeing? Also poised to benefit from the expected artificial intelligence ecosystem growth could be Memeinator.

Memeinator: Meme token leveraging AI

Memeinator is a project that offers a solid utility-laden alternative to the fleeting madness that weak meme coins conjure before fading into oblivion.

Powered by the native MMTR token on Ethereum, the Memeinator leverages AI technology and blockchain to bring the best of crypto utility tokens to users, including via gaming, staking and NFTs.

The goal is to destroy all worthless meme tokens and give the community a robust ecosystem for long term investment.

Is Memeinator a good altcoin to buy?

Memeinator is a meme coin that market analysts say could be one of the best altcoins to buy due to its potential to dominate the meme coin industry.

A recent partnership with Red Apple Technologies, the game and app developer that will help bring the Meme Warfare game to fruition, suggests confidence in the Memeinator’s gamification strategy and potential. 

With Meme Warfare utilizing AI, the future outlook for MMTR is strong. This boosts the project’s goal of reaching an initial target of $1 billion market cap post presale. Taking a position in Memeinator offers the chance to grab an early opportunity in a token at the intersection of AI and crypto. Both of these are key trends for 2024 and beyond.

Find out more about this project and the ongoing presale here.

The post As Nvidia grabs Wall Street’s attention, Is this AI token worth buying? appeared first on CoinJournal.