Artificial intelligence-related cryptocurrencies have emerged as some of the market’s biggest weekly gainers as attention pivots to AI chip-making giant NVIDIA Corp. (NVDA) and its upcoming second-quarter earnings report.

### Significant Gains in AI-Related Cryptocurrencies

#### Fetch.ai (FET)
The AI-based collaborative token, Fetch.ai (FET), saw a substantial increase of 50% over the week, making it the top-performing cryptocurrency. Fetch.ai is a result of a strategic merger between three AI-focused cryptocurrencies: Fetch.ai (FET), SingularityNET (AGIX), and Ocean Protocol (OCEAN). This merger aims to create a unified token that leverages the strengths of each project to provide more comprehensive AI solutions.

#### Render Network (RNDR)
Similarly, Render Network experienced a significant surge, climbing 38% and becoming the third-largest gainer of the week. Render Network functions as a peer-to-peer network that rents out idle GPU power to content creators and AI applications. This recent rise has allowed Render to recover from all the losses it faced at the beginning of the month.

#### Bittensor (TAO)
Bittensor, known for its decentralized AI offerings, also saw an impressive rise of 15%. Notably, a cryptocurrency fund tracking the price of Bittensor’s native token, TAO, was launched earlier this month, further bolstering interest in this innovative decentralized network.

### Context and Market Trends

The rally in these AI-related tokens is likely driven by anticipation surrounding Nvidia’s second-quarter earnings report, scheduled for release after the market closes on Wednesday. Historically, AI tokens have rallied sharply following positive financial reports from Nvidia, which often encourages traders to take bullish positions on these cryptocurrencies. According to data from Coinglass, long positions taken for AI tokens such as Fetch.ai (FET) and Render Network (RNDR) significantly exceeded short positions in the last 24 hours.

### Stock Market Impact

In terms of stock performance, shares of Nvidia closed 2.25% lower at $126.46 during Monday’s regular trading session, based on data from Benzinga Pro. This slight dip comes despite the heightened anticipation surrounding their earnings report.

### Additional Market Insights

For further context, it is worth noting other significant developments in the cryptocurrency market. Recently, Bitcoin has been consolidating, which many traders believe is a prelude to a big breakout. This prediction has garnered attention from popular crypto traders who are closely monitoring Bitcoin’s next moves.

Furthermore, news surfaced about Telegram founder Pavel Durov’s arrest in France, sparking reactions from Ethereum creator Vitalik Buterin and Tron founder Justin Sun. These events continue to shape market sentiments and trader behaviors.

### Conclusion

The recent gains in AI-related cryptocurrencies such as Fetch.ai, Render Network, and Bittensor highlight growing investor interest in AI technologies and their applications within the blockchain space. As Nvidia’s earnings report approaches, market participants remain optimistic about further positive movements in these innovative digital assets.

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