A flurry of blue-chip altcoins in the artificial intelligence (AI) sector had risen by at least 8% each since the public announcement was made. Bittensor (TAO), an AI-driven alternative crypto currency that has an identical supply to Bitcoin (BTC), reclaimed a $2.33 billion market cap.
AI Coins Sprint On Nvidia’s “Multi-Trillion Opportunity”
This happened hours after X, SpaceX & Tesla Chief Elon Musk dodged all online squabbles for ‘bromance’ with Nvidia’s Jensen Huang, the CEO of Nvidia. The computer chip behemoth’s CEO said “every single of his products are world-class”, singling out the Optimus robot that’s “the first robot having a chance to achieve high-volume scale to advance technology”.
Sam Altman’s WorldCoin (WLD) sparked up a 8.31% rally to breach $101 million in trading volume, only falling behind Render (RENDER) on those terms. Artificial Superintelligence Alliance (FET) also whipped up 8.36% gains despite FET still trading way below crucial thresholds after Ocean Protocol pulled out from the alliance last year.
While AI coins started off strong due to the success of Nvidia, all tying back to utility. However, for Dogecoin (DOGE), utility is not the top priority. Elon’s favorite meme currency is mostly driven by similar instances of hype, community excitement & celebrity endorsements.
That didn’t stop the top dog meme coin from hitting the all-time peak of $0.73 over 4 years ago during the 2021 crypto boom. This week, Dogecoin’s (DOGE) price is range-bound between $0.1169 to $0.1329, as the broader crypto markets continue to dwell in the ‘wait-&-see’ mode.
Dogecoin’s Prev Mini-Cycles Hint At 450% Price Rally
For Dogecoin, the current accumulation phase could bear fruit in the retest of that range, says market watchers at Bitcoinsensus. The latest analysis showcased three instances of Dogecoin whipping up 190% & 480% gains following the bounce off previous accumulation phases.
To escape the present range-bound price territory, Dogecoin’s (DOGE) ongoing run must sustain above $0.15. This pivotal resistance level rejected DOGE twice in 30 days with a strong sell wall slowing down Dogecoin’s pace even as retail sentiment keeps on the buyer side.
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Elon Musk replied “Jensen rocks!” to a clip of Nvidia CEO Jensen Huang praising him as an “extraordinary engineer” and hyping Tesla’s Optimus robot as a multi-trillion-dollar opportunity.
DOGE surged over 8% to ~$0.1275, SHIB gained ~7%, top AI coins (LINK, TAO, NEAR, RNDR) rebounded hard, and total crypto market cap jumped ~2% to $3.1T.
Yes, positive Elon-Jensen vibes historically pump DOGE and AI plays short-term, plus New Year retail inflows and meme rotation boosted everything.
Short-term hype looks strong with elevated volumes, but meme/AI coins stay volatile—fundamentals thin, so expect pullbacks if broader crypto cools.
Not financial advice! These are high-risk speculation plays—pumps can flip to dumps fast. DYOR, keep an eye on DailyCoin’s news & only risk extra funds.
