Top Crypto Performers Today – Akash Network, Helium
Since graduating with a degree in economics from the University of Birmingham in 2018, Joel has worked as a financial market/cryptocurrency analyst. He firmly believes that emerging crypto technology...
As major cryptocurrencies subside following last Friday’s strong rally, with investors looking ahead to major upcoming catalysts later in the week including Nvidia earnings and US Core PCE inflation data, investors are looking for top crypto performers today that might be able to deliver strong gains in the coming weeks.
Helium (HNT) and Akash Network (AKT) are the only two top 100 cryptos trading in the green on Monday.
Per CoinMarketCap, HNT was up 11.4% and AKT was up 5% in the past 24 hours.
These two top crypto performers today are pumping despite major cryptos like Bitcoin (BTC) trading with over 2% losses on Monday.
One reason for the pump could be Nvidia’s upcoming earnings.
Nvidia Q2 earnings Wed 28th
AI-focused cryptos surge ahead of highly anticipated Q2 earnings of Nvida
Render ( $RNDR) jumped 42% in 7 days trading at $6.26
Akash Network ( $AKT) up 10% in last 7 days at $2.7
Akash Network and Render are aligned with Nvidia’s business because… pic.twitter.com/X48zo32goX
Akash Network sits at the cross-section of AI and blockchain technology, given it is a decentralized, blockchain-powered compute network.
AKT also has direct integrations with Nvidia products.
Nader Khalil, Director of Dev Tech for NVIDIA, confirmed Akash integration into NVIDIA's product Brev.
You have "partnerships", $AKT has integrations. https://t.co/wRCL7cO3dR pic.twitter.com/nEubNcMu41
AKT was last trading just under $2.90, and struggling with resistance in the form of its 50DMA.
The 50DMA has offered stiff resistance in recent months.
A break above here
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