These Are the AI Coins to Watch Ahead of NVIDIA Q3 Earnings | Airdrop Alert Pro

On Wednesday, November 20, NVIDIA, the global leader in graphics processing unit (GPU) technology, will release its third quarter fiscal 2024 financial results. As a major beneficiary of the artificial intelligence (AI) boom, this announcement is expected to impact AI-themed cryptocurrencies as it has in the past.

Historically, NVIDIA’s earnings have resulted in mixed market reactions. In some cases, they triggered a “sell-off news” effect that caused the price of AI coins to fall. Other times, the news triggers an industry-wide backlash. With earnings reports approaching, here are the top AI-based cryptocurrencies to watch this week.

rendering (rendering)

Ahead of NVIDIA’s earnings report, Render topped the list of AI tokens to watch, especially since the project is also a leading GPU computing platform for generating AI. ahead of NVIDIA’s latest second quarter earnings reportRENDER is one of the AI ​​coins that has experienced a rise.

However, as soon as the report became public, the price of the cryptocurrency fell. This time, the price of RENDER is currently $7.59, up 27% in the past 7 days.

From September 28th to November 5th, RENDER is priced at Descending triangle, bearish. But since the first week of this month, the altcoin has broken out of this channel, invalidating the bearish thesis.

Additionally, the Moving Average Convergence Divergence (MACD) is positive, indicating bullish momentum surrounding the coin. If this holds and NVIDIA’s third-quarter earnings are better than the previous quarter, RENDER could rise to $8.83.

In a highly bullish scenario, it could rise to $11.86. On the other hand, if the development becomes a Sell News event again, the price could drop to $5.47.

hastily)

So does the Decentralized Physical Infrastructure Network (DePIN) project Grass One of the top artificial intelligence coins Pay attention to NVIDIA’s financial report in advance. Considering that the altcoin was launched in October, this is the first time that the altcoin appears on this list.

GRASS is an AI coin worth keeping an eye on, and one of the reasons is its significant market interest. But unlike RNDR, The price of GRASS has dropped It rose 10.31% in the last 7 days. On the one-hour chart, the Parabolic Stop Reversal (SAR) indicator has moved above the price.

This Parabolic SAR indicator identifies potential reversals by looking at the location of the points. When an indicator’s point is below the price, it has the potential to rise.

However, as of this writing, the indicator’s dotted line is above the grass line, suggesting that the price could fall below $2.36. It’s worth noting that if buying pressure builds ahead of Wednesday’s report, Altcoin prices may rise Close to $3.30.

PAAL

Another AI coin to watch this week is PAAL AI, a project built on the Ethereum blockchain. Just like rendering, PAAL is almost always Whenever NVIDIA releases a report, it follows the same trend as other AI coins.

This time, as demand increased, the price of PAAL increased by 12.35% in the past 24 hours. A few days ago, the value of altcoins sharp decline The price rose from $0.35 to $0.12 as selling pressure increased.

While the price rebounded to $0.15, it remains below the 20-day and 50-day exponential moving averages (EMA). Since PAAL’s price is below these indicators, it may still struggle to move higher.

But if buying pressure increases and Nvidia shares risealtcoins may continue to rise in value. On the other hand, lower volumes could invalidate this bias and PAAL’s decline could be much lower.