{"id":125632,"date":"2025-03-23T08:17:45","date_gmt":"2025-03-23T08:17:45","guid":{"rendered":"http:\/\/cryptospotters.net\/?p=125632"},"modified":"2025-03-23T08:17:45","modified_gmt":"2025-03-23T08:17:45","slug":"nvidias-stock-price-forms-death-cross-will-ai-crypto-tokens-follow","status":"publish","type":"post","link":"http:\/\/cryptospotters.net\/?p=125632","title":{"rendered":"Nvidia&#039;s stock price forms &#039;death cross&#039; \u2014 Will AI crypto tokens follow?"},"content":{"rendered":"<p>Source: Cointelegraph.com NewsChip-making giant Nvidia\u2019s (NVDA) stock is flashing a major bearish signal \u2014 the last time this pattern appeared, it retraced nearly 50%. This may raise questions for the AI crypto sector, which has, at times, seemed to react to Nvidia\u2019s price.<br \/>\n\u201cNVDA just formed a Death Cross for the first time since April 2022. The last one sent shares plunging 47% over the next 6 months,\u201d markets data platform Barchart said in a March 23 X post. A death cross is a bearish signal that occurs when the 50-day simple moving average (SMA) of an asset\u2019s market price falls below the 200-day SMA.<br \/>\nSource: BarchartWhile Nvidia\u2019s stock price formed the bearish signal before the trading week closed on March 21, several crypto AI tokens have risen since then. Render (RENDER) is up 4.06%, while Bittensor (TAO) and Artificial Superintelligence Alliance (FET) are both up around 2.88%, according to CoinMarketCap data.\u00a0<br \/>\nNvidia has been a closely watched stock for AI crypto traders in recent times. While some crypto analysts have linked AI crypto token surges to NVDA\u2019s performance \u2014 like its nearly 70% rally ahead of Nvidia\u2019s Q2 earnings in 2024 \u2014 there have also been times when no clear correlation emerged.\u00a0<br \/>\nAfter Nvidia\u2019s Q1 2024 revenue jumped 18% from Q4 2023, some AI token traders seemed disappointed that the strong results didn\u2019t lead to a similar move in AI crypto token prices.<br \/>\nNvidia\u2019s stock price is down 9.66% over the past month. Source: Google FinanceSome crypto traders recently suggested that the bubble has burst and that only AI tokens with real utility will thrive. Crypto trader CryptoCosta said in a March 22 X post, \u201cThe whole AI hype has already died down, now it&#8217;s time for those who provide market solutions and have revenue.\u201d<br \/>\nOver the past month alone, the market capitalization of the top AI and big data crypto tokens has fallen 23.70%.<br \/>\nThe largest token in this sector by market cap, Near Protocol (NEAR), has retraced almost 59% over the past 12 months, now trading at $2.70.<br \/>\nNEAR is trading at $2.70 at the time of publication. Source: CoinMarketCapHowever, in a recent survey, nearly half of crypto pundits said they are bullish over crypto AI tokens prices.<br \/>\nOf the 2,632 respondents surveyed by CoinGecko between February and March, 25% were \u201cfully bullish,\u201d and 19.3% indicated they were \u201csomewhat bullish\u201d for crypto AI tokens in 2025.\u00a0<br \/>\nRelated: AI and crypto drive criminal efficiency: Europol<br \/>\nAround 29% of respondents were neutral on the subject, while a combined 26.3% were either somewhat bearish or bearish.\u00a0<br \/>\nMeanwhile, former Binance CEO Changpeng \u201cCZ\u201d Zhao recently said, \u201cWhile crypto is the currency for AI, not every agent needs its own token.\u201d<br \/>\n\u201cAgents can take fees in an existing crypto for providing a service. Launch a coin only if you have scale. Focus on utility, not tokens,\u201d he said.<br \/>\nIn February, Sygnum said in an investment report, while AI agents have gained \u201cremarkable traction\u201d so far, they have \u201cstruggled to prove their worth beyond speculation.\u201d<br \/>\nMagazine: What are native rollups? Full guide to Ethereum\u2019s latest innovation<a href=\"https:\/\/cointelegraph.com\/news\/nvidia-stock-price-death-cross-ai-crypto-tokens-next-to-follow?utm_source=rss_feed&amp;utm_medium=rss&amp;utm_campaign=rss_partner_inbound\" target=\"_blank\" class=\"feedzy-rss-link-icon\" rel=\"noopener\">Read More<\/a><\/p>","protected":false},"excerpt":{"rendered":"<p>Source: Cointelegraph.com NewsChip-making giant Nvidia\u2019s (NVDA) stock is flashing a major bearish signal \u2014 the last time this pattern appeared, it retraced nearly 50%. This may raise questions for the&hellip; <\/p>\n","protected":false},"author":0,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[5],"tags":[],"_links":{"self":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/posts\/125632"}],"collection":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=125632"}],"version-history":[{"count":0,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/posts\/125632\/revisions"}],"wp:attachment":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=125632"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=125632"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=125632"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}