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The cryptocurrency market remained in a bear market on Thursday, despite stock market futures jumping after Nvidia’s strong earnings. This article examines some of the top AI crypto tokens to consider purchasing following the strong results and Jensen Huang’s prediction that there is no AI bubble.
Nvidia Earnings Were Stronger Than Expected
In a statement on Wednesday, Nvidia announced that its business was performing significantly better than expected. Its revenue jumped by 62% YoY in the third quarter to $57 billion, with its data center numbers hitting $51.2 billion.
The company also boosted its forward guidance, with management expecting its fourth-quarter revenue to be $65 billion, higher than what analysts had expected.
Nvidia has always been a highly conservative company, meaning that its real revenue and earnings will likely be better than estimates.
Jensen Huang, the CEO, argued that there was no AI bubble as the ongoing chips demand was driven by real demand by companies in the AI space like Anthropic and OpenAI. Therefore, this upbeat outlook will likely boost top AI tokens in the crypto industry.
Best AI Tokens in Crypto to Buy
Some of the best AI tokens in crypto to buy are Pi Network (PI), Bittensor (TAO), Artificial Superintelligence Alliance (FET), and Near Protocol (NEAR)
Pi Network (PI)
Pi Network is slowly evolving to become an AI token. For example, the developers launched the Pi AI Studio a few months ago to make it easier for developers in the ecosystem to build and deploy AI tokens easily.
Most recently, Pi Network Ventures invested in OpenMind, a company at the intersection of robotics and artificial intelligence. As part of the investment, the two teams explored ways to enable Pi Network node operators to contribute to OpenMind’s platform.
The end goal is that Pi Network might become a contributor to third-party players in the AI space, allowing them to earn extra money. This is partly possible because Pi has done the work of verifying most users of its platform.
Pi Network price has formed some highly bullish patterns that may lead to a rebound. It formed an inverse head and shoulders pattern, a falling wedge, and a double bottom, indicating an eventual rebound.
Artificial Superintelligence Alliance (FET)
The Artificial Superintelligence Alliance was one of the best-performing crypto tokens after the Nvidia earnings as it jumped to its highest level since November 12.
The platform, which is an alliance between Fetch.ai, SingularityNet, and Cudos has already launched several products, including the ASI Wallet, ASI1-mini, Agentverse, and ASI:Cloud. For example, Agentverse is a platform for users to access over 2 million AI agents built by the community.
Technicals suggest that the FET price has more upside as it has formed a double-bottom-like pattern on the daily chart. A rebound could see it jump to $0.5483, its lowest level in June this year, and 68% above the current level.
Bittensor (TAO)
Bittensor is one of the best AI tokens to buy after the Nvidia earnings. The developers have created a decentralized AI platform where machine learning models compete, collaborate, and improve, with users being rewarded by the TAO token.
One key reason why Bittensor is a good AI token is that it has solid tokenomics with a maximum supply of 21 million and has no pre-mined tokens or VC allocations.
Technically, TAO token has bottomed at a crucial support level at $300, where it has failed to move below several times since June this year. That means that the token may rebound soon as investors buy the dip.
Near Protocol (NEAR)
Near Protocol is another top AI token to buy in crypto after the robust Nvidia earnings. Near has positioned itself as the execution layer for AI applications. It has built a blockchain that enables autonomous agents to interact, transact, and operate across networks in a decentralized way.
Near Protocol has also invested heavily in the AI industry, including by creating SovereignAI, which is backed by $120 million in private capital. Therefore, there is a likelihood that the Near price will rebound if investors rotate back to AI tokens after the Nvidia earnings.
