CoinInsight360.com logo CoinInsight360.com logo
America's Social Casino

CoinTelegraph 2025-03-23 07:35:56

Nvidia's stock price forms 'death cross' — Will AI crypto tokens follow?

Chip-making giant Nvidia’s (NVDA) stock is flashing a major bearish signal — the last time this pattern appeared, it retraced nearly 50%. This may raise questions for the AI crypto sector, which has, at times, seemed to react to Nvidia’s price. “NVDA just formed a Death Cross for the first time since April 2022. The last one sent shares plunging 47% over the next 6 months,” markets data platform Barchart said in a March 23 X post. A death cross is a bearish signal that occurs when the 50-day simple moving average (SMA) of an asset’s market price falls below the 200-day SMA. Source: Barchart While Nvidia’s stock price formed the bearish signal before the trading week closed on March 21, several crypto AI tokens have risen since then. Render ( RENDER ) is up 4.06%, while Bittensor ( TAO ) and Artificial Superintelligence Alliance ( FET ) are both up around 2.88%, according to CoinMarketCap data. Nvidia has been a closely watched stock for AI crypto traders in recent times. While some crypto analysts have linked AI crypto token surges to NVDA’s performance — like its nearly 70% rally ahead of Nvidia’s Q2 earnings in 2024 — there have also been times when no clear correlation emerged. After Nvidia’s Q1 2024 revenue jumped 18% from Q4 2023 , some AI token traders seemed disappointed that the strong results didn’t lead to a similar move in AI crypto token prices. Nvidia’s stock price is down 9.66% over the past month. Source: Google Finance Some crypto traders recently suggested that the bubble has burst and that only AI tokens with real utility will thrive. Crypto trader CryptoCosta said in a March 22 X post, “The whole AI hype has already died down, now it's time for those who provide market solutions and have revenue.” Over the past month alone, the market capitalization of the top AI and big data crypto tokens has fallen 23.70%. The largest token in this sector by market cap, Near Protocol ( NEAR ), has retraced almost 59% over the past 12 months, now trading at $2.70. NEAR is trading at $2.70 at the time of publication. Source: CoinMarketCap However, in a recent survey, nearly half of crypto pundits said they are bullish over crypto AI tokens prices . Of the 2,632 respondents surveyed by CoinGecko between February and March, 25% were “fully bullish,” and 19.3% indicated they were “somewhat bullish” for crypto AI tokens in 2025. Related: AI and crypto drive criminal efficiency: Europol Around 29% of respondents were neutral on the subject, while a combined 26.3% were either somewhat bearish or bearish. Meanwhile, former Binance CEO Changpeng “CZ” Zhao recently said , “While crypto is the currency for AI, not every agent needs its own token.” “Agents can take fees in an existing crypto for providing a service. Launch a coin only if you have scale. Focus on utility, not tokens,” he said. In February, Sygnum said in an investment report , while AI agents have gained “remarkable traction” so far, they have “struggled to prove their worth beyond speculation.” Magazine: What are native rollups? Full guide to Ethereum’s latest innovation

Leggi la dichiarazione di non responsabilità : Tutti i contenuti forniti nel nostro sito Web, i siti con collegamento ipertestuale, le applicazioni associate, i forum, i blog, gli account dei social media e altre piattaforme ("Sito") sono solo per le vostre informazioni generali, procurati da fonti di terze parti. Non rilasciamo alcuna garanzia di alcun tipo in relazione al nostro contenuto, incluso ma non limitato a accuratezza e aggiornamento. Nessuna parte del contenuto che forniamo costituisce consulenza finanziaria, consulenza legale o qualsiasi altra forma di consulenza intesa per la vostra specifica dipendenza per qualsiasi scopo. Qualsiasi uso o affidamento sui nostri contenuti è esclusivamente a proprio rischio e discrezione. Devi condurre la tua ricerca, rivedere, analizzare e verificare i nostri contenuti prima di fare affidamento su di essi. Il trading è un'attività altamente rischiosa che può portare a perdite importanti, pertanto si prega di consultare il proprio consulente finanziario prima di prendere qualsiasi decisione. Nessun contenuto sul nostro sito è pensato per essere una sollecitazione o un'offerta