TechFlow News, August 28 — According to The Block, despite Nvidia's shares rising in pre-market trading, major AI-related crypto tokens declined over the past 24 hours. Leading AI cryptocurrencies including Near Protocol, Internet Computer, Artificial Superintelligence Alliance, and Bittensor dropped by 8%, 5%, 9%, and 8% respectively.
Data from CoinGecko shows the market cap of AI tokens has fallen to $23.9 billion, a decline of over 6%. Markets are closely watching Nvidia's upcoming earnings report, expected after Wednesday’s market close Eastern Time. Analysts suggest that strong results could propel markets to new highs, while any signs of weakness might trigger a significant pullback.
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