MARKETS DAILY: Crypto Update | What Investors Should Know About the AI Tokens Riding Nvidia's Hype
CoinDesk Podcast Network
CoinDesk
4.8 • 689 Ratings
🗓️ 7 May 2024
⏱️ 6 minutes
🧾️ Download transcript
Summary
The latest price moves and insights on AI tokens with Jennifer Sanasie.
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AI-related tokens have led the crypto market recovery in recent days, while shares of Nasdaq-listed chipmaker Nvidia (NVDA) also rallied. CoinDesk's Jennifer Sanasie breaks down the surge in RNDR, AGIX and FET tokens on "Markets Daily." Plus, what investors should know before doubling down on the AI tokens riding the Nvidia hype.
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This episode was hosted by Jennifer Sanasie. “Markets Daily” is executive produced by Jared Schwartz and produced and edited by Victor Chen, alongside Senior Booking Producer Melissa Montañez. All original music by Doc Blust and Colin Mealey.
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Transcript
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| 0:59.7 | It's Tuesday, May 7th, 20, and this is Markets Daily, a show where we get into the minds of some of the smartest and most experienced investors, traders, analysts, researchers, |
| 1:04.6 | CEOs, and anyone with a smart or hot take, I'm Jen Sannessie, and today's show is going to be |
| 1:09.3 | a little different. We don't have a guest here. |
| 1:11.2 | We're getting into my head. |
| 1:12.6 | I have a hot take on AI tokens, and you're going to hear it in just a few seconds. |
| 1:16.9 | First, let's take a look at what's going on in the crypto markets this morning. |
| 1:20.1 | They're looking very similar to how they looked yesterday morning. |
| 1:23.6 | Bitcoin and Ether are roughly in the same place where we left them. Bitcoin was at around |
| 1:28.0 | $63,500 at 8 a.m. Eastern Time. And Ether was at around $3,100. Now, the Bitcoin Rebound is turning |
| 1:36.8 | some of those bearish analysts bullish again. There are reports on CoinDest.com this morning that |
| 1:41.8 | you can go and read that says that the rebound is spurring demand for out of the money call strikes and those are strikes that are well |
| 1:47.8 | above the going rate those are going for between 70,000 and 100,000 dollars so could bitcoin |
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