The AI token market continues to decline, with Nvidia's financial report being a key influencing factor

2024-08-28 18:46:52

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ChainCatcher news, according to The Block, despite Nvidia's stock price rising in pre-market trading, the prices of major AI-related cryptocurrencies have still declined in the past 24 hours. Leading AI cryptocurrencies such as Near Protocol, Internet Computer, Artificial Superintelligence Alliance, and Bittensor fell by 8%, 5%, 9%, and 8% respectively.

CoinGecko data shows that the market capitalization of AI tokens has dropped to $23.9 billion, a decline of over 6%. The market is closely watching Nvidia's upcoming earnings report, which is expected to be released after the market closes on Wednesday Eastern Time. Analysts say that Nvidia's strong earnings report could drive the market to new highs, while any signs of weakness could trigger a significant pullback.

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