Week Ahead: Altcoins to restart the uptrend with Nvidia's AI conference
- Nvidia's GPU Technology Conference will be the most anticipated event this week.
- After last week's correction, the meme coin category of altcoins will likely resume its uptrend.
With Bitcoin’s fourth halving fast approaching, volatility will be something to watch out for. In the meantime, altcoins will do what they have always done – trigger massive trend-based rallies and corrections, which is where the opportunity lies for traders.
Important crypto events this week
March 18
- Nvidia’s GTC conference
March 20
- Fed Interest Rate Decision
- Avalanche (AVAX) attending the Gaming Developer Conference
- Cosmos (ATOM) V15 upgrade
March 21
- Reddit IPO (related altcoins: MOON, BRICK)
March 22
- SEC vs. Ripple open briefing
Next week's crypto events:
It is also important to identify next week’s events as they could influence altcoin movements this week.
- March 25 - SEC vs. Do Kwon trial (related altcoins: LUNA, USTC)
- March 26 - ImmutableX (IMX) mainnet hard fork
- March 27 - Supervillain Labs to launch an alpha version of Idle RPG game on Aptos.
- March 29 - SBF sentencing (related altcoin: FTT)
Feeding the Artificial Intelligence Narrative
The dominant trend has been the Artificial Intelligence (AI) narrative, and AI-based altcoins have enjoyed monstrous gains. The price of Fetch.AI (FET) has witnessed a 528% gain in just 28 days. Worldcoin (WLD) has rallied 456% in just 28 days as well. Hence, the upcoming Nvidia AI conference will be another tailwind for these AI tokens.
Here are some AI altcoins to keep an eye out for.
- Worldcoin (WLD)
- Fetch.AI (FET)
- Bittensor (TAO)
- Sleepless AI (AI)
- Render (RNDR)
Other narrative-based altcoins to watch
Meme Coins are hot and remain the most speculated asset, with many newly launched altcoins hitting more than $1 billion in trading volume.
- OG meme coins: Dogecoin (DOGE), Shiba Inu (SHIB)
- New-gen meme coins: Pepe (PEPE), Floki Inu (FLOKI), Bonk Inu (BONK)
- Latest meme coins: dogwifhat (WIF), Myro (MYRO), Wen (WEN), Book of memes (BOME)
- Other altcoins that could see a boost in volatility include Fantom (FTM), Chromia (CHR), Chilliz (CHZ), Xai (XAI), Cosmos (ATOM), Avalanche (AVAX).
Also read: Bitcoin related tokens STX, RUNE, LENDS see price gains ahead of BTC halving
Author
Akash Girimath
FXStreet
Akash Girimath is a Mechanical Engineer interested in the chaos of the financial markets. Trying to make sense of this convoluted yet fascinating space, he switched his engineering job to become a crypto reporter and analyst.
