The rebound of Dogecoin and Shiba Inu Coin dimmed, and the new star AI token in the crypto world became the focus of the audience!

Data from CoinGecko shows that the artificial intelligence token category is up 25% in the past 24 hours, while Bitcoin is up just 0.3%.

Prices for AI-related tokens such as #Fet and #AGIX are surging amid speculation that crypto products will be unveiled at Nvidia’s conference later this month, despite the inability of AI to be implemented in blockchain run on.

Funds flowing into such projects have combined with a sell-off in memecoins, which have led the cryptocurrency rally over the past week.

An expected mention of the crypto project at an Nvidia (NVDA) conference later this month prompted traders to bid for artificial intelligence (AI)-related tokens, pushing CoinGecko’s token category up 25% in 24 hours.

Tokens of Fetch.AI (FET), Render Network (RNDR), Sleepless AI (AI) and SingularityNET (AGIX) are up 40%. These projects claim to leverage artificial intelligence in various ways, such as providing virtual companions and becoming a marketplace for graphics processing cards.

Behind the surge are reports that crypto AI project developers are attending chipmaker meetings or taking part in panel discussions, according to Lookonchain. The event will be held from March 17th to 21st. By comparison, Bitcoin gained 0.3% and the CoinDesk 20, a broad-based index of major token liquidity, gained 0.4%.

Artificial intelligence tokens remain a popular narrative for cryptocurrency traders as the technology promises to drive key innovation in the global economy in the coming years. However, the relationship between AI and cryptocurrencies is unclear: AI cannot run on blockchains. Even so, the growth of traditional AI companies such as OpenAI has boosted gains in AI tokens as traders use them as proxy bets on the industry.

The coins also rallied last month after Nvidia beat fourth-quarter earnings and first-quarter guidance expectations.

Meanwhile, data shows that inflows into artificial intelligence tokens appear to have put the brakes on meme coins’ multi-week rally.

Dogecoin (DOGE), pepecoin (#PEPE‏ ) and dogwifhat (#WIF coins) are more friendly to retail traders, who are often driven to the crypto market during Bitcoin rallies.

The rally appears to be over. Data shows DOGE, SHIB and PEPE have fallen more than 15% in the past 24 hours. In another sign of money leaving the market, open interest in DOGE-tracking futures has fallen by $400 million since Tuesday from all-time highs.