Increasing expectations regarding NVIDIA are reflecting positively on AI-focused crypto projects.
The rising expectations of U.S. financial institutions for NVIDIA have also benefited AI-based cryptocurrency projects. AI projects, which have quickly recovered from the recent declines, attracted attention, especially with the desired rise on March 20th.
Just a short time ago, the world’s largest investment bank, Oppenheimer, raised its price target for NVIDIA from $875 to $1,100. Another financial institution, Piper Sandler, raised its forecast from $850 to $1,050.
The $1.9 trillion U.S. bank Citigroup raised its target for NVIDIA from $820 to $1,030, while Goldman Sacsh’s forecast increased from $875 to $1,000, and Deutsche Bank’s from $720 to $850.
At the time of writing, NVIDIA is trading at $884.
According to CoinGecko data, the most rising AI projects in the last 24 hours were Render (RNDR), Ocean (OCEAN), Grapth (GRT), and SingularityNET (AGIX). RNDR rose by 6%, OCEAN by 7%, GRT by 4%, and AGIX by 5% in the last 24 hours.
