As the popularity of Bittensor, Bitbot increases, the tokens will return again
AI tokens were the best performers on Sunday.
Nvidia presents the AI GTC conference in the US.
Bitbot continues its token sale, raising over $1 million.
Bittensor (TAO) and Render Token (RNDR) prices rebounded strongly on Sunday as traders refocused on the upcoming Nvidia GTC event in the United States. The two tickers rose more than 20% on Sunday, erasing some of the weekend's losses. Meanwhile, BitBot, the upcoming Telegram bot, continues to gain popularity among investors.
Future Nvidia GTC event
This will be an important week for the financial markets. From a macro perspective, there will be many central bank decisions. The Reserve Bank of Australia (RBA) will deliver its rate decision on Tuesday.
Other central banks such as the Federal Reserve, the Bank of England, the Swiss National Bank and the Bank of Japan will follow suit. These decisions will affect cryptocurrencies and other financial assets.
Another big event will be the upcoming AI conference by Nvidia, the third largest company in the world. This AI conference will have the largest companies in the world. Many crypto companies are also available.
This explains why AI tokens such as Bittensor, Render, Fetch AI and SingularityNET rose strongly on Sunday. In most cases, these signs will have a good effect when there is a big event or news related to AI.
For example, these signs jumped after Nvidia published strong financial results in February. The company's revenue increased more than 240% in the quarter and hinted that it is seeing strong demand for its AI chips.
Bittensor token has done well as the number of tokens has jumped over 69k. The network provides a peer-to-peer information marketplace. On the other hand, it provides decentralized GPU solutions to simplify the rendering process.
The BitBot token sale continues.
Meanwhile, BitBot, an upcoming blockchain company, is doing well as its popularity progresses. According to the information on the website, the developers raised more than one million dollars after a few weeks of starting the token sale.
BitBot is looking to change one of the biggest industries in the business industry: Telegram bots. For starters, Telegram is one of the largest social media companies in the world with over 900 million people.
It is mainly used for communication purposes. However, it is also used in other ways. For example, it is used by bot developers to distribute their signals.
In most cases, these signs are ineffective and full of fraud. Therefore, BitBot aims to change this industry by developing a robot that is effective, safe and has blockchain features. It will work with $BITBOT token.
Holders of $BITBOT tokens will have several benefits including discounts and management decisions.
According to the white paper, the token sale will end in the first quarter and BitBot will launch in Q2. It will also launch on DEX and DEX platforms during the quarter. You can learn more about BitBot on its website.