As the cryptocurrency market eagerly awaits a series of potentially game-changing AI announcements in the coming month, investors are on the lookout for tokens that could benefit from these catalysts.
With NVIDIA’s earnings report scheduled for May 22nd, and other major events like the GPT-4o announcement, Google I/O conference, and Apple’s WWDC focusing on AI, the stage is set for a potential surge in AI-related cryptocurrencies.
In this article, we will explore the top three cryptocurrencies to buy now, as recommended by Prithvir, the founder and CEO of Loch Chain: Render (RNDR), NEAR Protocol (NEAR), and Arweave (AR).
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Render (RNDR)
Render has consistently been one of the easiest long positions heading into NVIDIA-related news and Apple events. The cryptocurrency has outperformed Bitcoin massively over the past year due to comparisons of GPU networks and the rendering software they have built, which Apple often features at different keynotes.
Prithvir suggests that RNDR could be a good swing trade leading up to the WWDC event, with a time period of approximately three weeks.
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Arweave (AR)
Arweave, a fully diluted coin with a strong team and real product, has pivoted to AI with the launch of AO Computer. The project has also secured listings on Tier-1 exchanges, further enhancing its credibility and liquidity. Prithvir considers AR to be a no-brainer medium-term hold and has made it his biggest AI coin holding currently.
With its focus on sustainable tokenomics and working products, Arweave is poised to benefit from the growing interest in AI-related cryptocurrencies.
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NEAR Protocol (NEAR)
NEAR Protocol is another cryptocurrency that Prithvir recommends for potential gains amidst the AI catalysts.
NEAR’s strong brand value, good liquidity, and innovations in other sectors such as Chain Abstraction make it an attractive option for investors looking to capitalize on the AI trend.
As the cryptocurrency market prepares for a series of AI announcements in the coming month, investors are keen to identify tokens that could benefit from these catalysts. Render, Arweave, and NEAR Protocol have emerged as top contenders, each offering unique value propositions and the potential for substantial gains.
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