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AI tokens were the best performers on Sunday.
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Nvidia will deliver its AI GTC conference in the US.
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BitBot has continued its token sale, raising over $1 million.
Bittensor (TAO) and Render Token (RNDR) prices bounced back sharply on Sunday as traders refocused on the upcoming Nvidia GTC event in the US. The two tokens surged by more than 20% on Sunday, erasing some of the losses made during the weekend. Meanwhile, BitBot, the upcoming Telegram bot, continued to gain popularity among investors.
Nvidia GTC event ahead
This will be an important week for the financial market. From a macro perspective, there will be numerous central bank decisions. The Reserve Bank of Australia (RBA) will deliver its rate decision on Tuesday.
It will be followed by other central banks like the Federal Reserve, Bank of England, Swiss National Bank, and the Bank of Japan. These decisions will likely have an impact on cryptocurrencies and other financial assets.
The other big event will be the upcoming AI Conference by Nvidia, the third-biggest company in the world. This AI conference will have some of the biggest companies in the world. Many crypto companies will also be in attendance.
This explains why AI tokens like Bittensor, Render, Fetch AI, and SingularityNET surged hard on Sunday. In most cases, these tokens tend to do well when there is a major event or AI-related news.
For example, these tokens jumped after Nvidia published strong financial results in February. The company’s revenue surged by more than 240% during the quarter and hinted that it was seeing robust demand for its AI chips.
Bittensor token has done well as the number of accounts has jumped to more than 69k. The network provides a peer-to-peer intelligence market. Render, on the other hand, provides decentralized GPU solutions to simplify the rendering process.
BitBot token sale continues
Meanwhile, BitBot, an upcoming blockchain company, is doing well as its popularity gains momentum. Data on its website shows that the developers have raised over $1 million, a few weeks after they started the token sale.
BitBot is aiming to change one of the biggest industries in the trading industry: Telegram bots. For starters, Telegram is one of the biggest social media companies in the world with over 900 million people globally.
It is used primarily for communication purposes. However, it is also used in other ways. For example, it is used by bots developers to distribute their signals.
In most cases, these signals tend to be ineffective and full of scams. Therefore, BitBot aims to change this industry by developing a robot that is effective, safe, and one with blockchain features. It will be powered by the $BITBOT token.
$BITBOT token holders will have several benefits, including potential for discounts and governance decisions.
According to its white paper, the token sale will end in the first quarter followed by the BitBot launch in Q2. It will also be launched by DEX and DEX platforms during the quarter. You can learn more about BitBot on its website.
The post Bittensor, Render tokens rebound as BitBot popularity rises appeared first on CoinJournal.
