• NVIDIA AI conference, starting on Monday, is considered a key AI event as market participants await the unveiling of the next AI chip, B100. 
  • NVIDIA’s influence extends to the mining sector in crypto as its chips are focused on high-performance GPUs. 
  • Tokens such as Bittensor, Fetch.AI, Render and SingularityNET are leading gains in the AI sector price rally. 

Crypto market participants have their eyes peeled as NVIDIA kicks off its annual GPU technology conference (GTC) on Monday. Traders are looking for information on NVIDIA’s Artificial Intelligence (AI) initiatives, partnerships and details on its B100 Blackwell, the most capable AI GPU, which could be relevant to miners as they boost the efficient processing of blockchain transactions. 

Crypto AI tokens are rallying, with some assets such as Render (RNDR), Bittensor (TAO), SingularityNET (AGIX), Fetch.AI (FET), and AIOZ Network (AIOZ), yielding double-digit gains on the day. 

Also read: Altcoins to restart the uptrend with Nvidia's AI conference

What is NVIDIA GTC/AI conference 

NVIDIA GTC conference is scheduled for March 18 to 21. This three-day event, which is key to the Artificial Intelligence narrative and crypto traders, will feature workshops and, keynote addresses. It is also likely to include details of NVIDIA’s partnerships and information on upcoming product releases. 

AI-related tokens have been closely following developments and updates from NVIDIA since the firm’s Q4 earnings report. The so-called AI narrative in the crypto market has been gathering steam ahead of the conference, with AI tokens like AGIX, RNDR, TAO, OCEAN and AKT registering further gains amid the anticipation surrounding details on the B100 Blackwell GPU. 

Several industry leaders like OpenAI, Microsoft, Amazon, and Google are participating in NVIDIA’s conference and this could help identify the firm’s initiatives and partnerships this year and in 2025.

NVIDIA’s B100 Blackwell GPU-related announcements could impact crypto mining

NVIDIA’s influence on crypto has deepened with the relationship between GPUs from the firm and their impact on crypto mining profitability. The firm’s GPUs boost miner’s ability to process transactions and tackle cryptographic computations. 

The latest chips from NVIDIA can help enhance miner profitability and operations, contributing to the security of blockchain networks.

The chipmaker’s B100 chip could be the most capable AI GPU in the industry, leaving Chinese competitors behind, according to a Reuters report. The project is an upgrade of the H200 chip that will be available in 2024, as per the firm’s development roadmap released in October 2023. 

The H200 GPU, when paired with HBM3e memory chips, will boost computational power for miners, one of the key features that determines mining profitability. Subsequently, smart contract networks and the Bitcoin blockchain could benefit from the chip’s release. 

Will GTC feature any discussions or presentations related to crypto projects using AI?

NEAR Protocol and Render Network’s executives are expected to attend the NVIDIA conference and speak at the event. 

RNDR price hit a new all-time high on Monday, at $13.60. Data from crypto intelligence tracker Spotonchain shows that three large wallet addresses deposited their RNDR token holdings to centralized exchanges, likely to take profits. 

A whale wallet deposited 1 million RNDR tokens, worth $11.3 million, to Binance less than a day ago. The estimated profit of the whale is $24.08 million, a nearly 387% gain. The second and third wallets tracked by SpotonChain jointly deposited 1.5 million RNDR to Coinbase; these holdings are worth $19.5 million. 

What experts expect from AI and its impact on crypto

Analysts from Wedbush Securities commented on the NVIDIA AI conference. Analysts said,

We expect NVDA’s new Blackwell architecture will provide significant performance gains vs. Hopper. NVDA presented the H100 as delivering up to 9X faster training and 30X faster inference performance vs. the A100 (the previous version.)

According to these analysts, the management has characterized demand for B100 will exceed supply capabilities significantly. 

Meltem Demirors, crypto proponent and investor said in a recent tweet on X,

...I would LOVE to see closer, more formal alignment between NVIDIA and the crypto ecosystem - 2017 was a banner year for NVIDIA thanks to GPU demand from ETH miners.

Crypto influencer behind the X handle @rektfencer shared a list of AI projects that he is watching ahead of the conference. 


Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers. The author will not be held responsible for information that is found at the end of links posted on this page.

If not otherwise explicitly mentioned in the body of the article, at the time of writing, the author has no position in any stock mentioned in this article and no business relationship with any company mentioned. The author has not received compensation for writing this article, other than from FXStreet.

FXStreet and the author do not provide personalized recommendations. The author makes no representations as to the accuracy, completeness, or suitability of this information. FXStreet and the author will not be liable for any errors, omissions or any losses, injuries or damages arising from this information and its display or use. Errors and omissions excepted.

The author and FXStreet are not registered investment advisors and nothing in this article is intended to be investment advice.

Join Telegram

Recommended content

Recommended Content

Editors’ Picks

Solana and XRP ETFs may be on the cards in 2025, Standard Chartered analyst says

Solana and XRP ETFs may be on the cards in 2025, Standard Chartered analyst says

Ethereum Exchange Traded Fund approval news has renewed optimism on Solana and XRP ETFs approval in 2025. Analysts at Standard Chartered believe more cryptocurrency ETFs may be approved next year, and these assets will not be classified as securities. 

More Solana News

Uniswap Price Forecast: UNI could be poised for 30% rally after month-long lull

Uniswap Price Forecast: UNI could be poised for 30% rally after month-long lull

Uniswap price has broken out of a 35-day consolidation this week, a sign of a possible rally ahead that could increase the token’s price around 30%. Technical indicators support the bullish thesis, while on-chain data also aligns with it.

More Uniswap News

Dogecoin inspiration Kabosu dies, leaving legacy of $22.86 billion market cap meme coin behind

Dogecoin inspiration Kabosu dies, leaving legacy of $22.86 billion market cap meme coin behind

Kabosu, the popular Shiba Inu dog that inspired the logo of the largest meme coin by market capitalization, Dogecoin, died early on Friday after losing her fight to leukemia and liver disease. Kabosu had gained popularity as the dog behind the viral “doge” meme. 

More Dogecoin News

XRP climbs past $0.53, SEC Chair Gensler says the agency has done very well in court cases

XRP climbs past $0.53, SEC Chair Gensler says the agency has done very well in court cases

Ripple lawsuit ruling is expected soon, following the new US crypto bill, FIT21. SEC Chair Gary Gensler says the agency has fared well in legal battles while speaking at the ICI 2024 Leadership Summit. 

More Ripple News

Bitcoin: BTC struggles, but $80K is at striking distance Premium

Bitcoin: BTC struggles, but $80K is at striking distance

Bitcoin (BTC) price is in a good position to resume the bull rally despite the recent struggle. Optimism will restart if BTC overcomes a critical hurdle and flips it into a foothold. In such a case, the pioneer crypto will be slated to push to a new all-time high (ATH). 

Read full analysis