Nvidia started the “Death Cross”: this dramatic name for a simple crossing of mobile averages could well sound the end of a historic rally. But while Wall Street is worried, the cryptos, they have shrugged (and sometimes their price). Diving in three stages in this funny ballet.
When Nvidia sneezes, do they counsel them?
A few days ago Nvidia plunged the tokens crypto IA because, yes, as we know: Nvidia, it is the king of AI, the black bane of the Bears, the tech-addicts idol. So when its action displays a “Death Cross”, this technical signal where the mobile average over 50 days goes under that over 200 days, analysts come out the alarm sirens.
On March 20, this fatal crossroads arose after a surge of +948 % since October 2022. Enough to make even shudder. But … is this signal in the world of actions really impacting the IA cryptos? Spoiler: Not that much. And that's where it becomes crisp.
The cryptos Ia play free electrons
Render (Render) and Bittensor (TAO), two well -known figures of the IA clan, took +4.06 % and +2.88 % respectively after the appearance of the “Death Cross” on Nvidia. Not bad for a sector supposed to tremble. You might think of a coincidence, but this is not the first time that the crypto IA have taken the tangent.
During the last “Death Cross” alert on Nvidia, The course had plunged 47 % over the next six months. And yet, today, the tokens seem to say: “Thank you, but no thank you. Like what, the crypto loves to dance in a setback.
Towards a desynchronization?
This decoupling may well announce a new era. Cryptos IA are starting to trace their own furrow, boosted by real use cases, a web hype that is still alive, and ultra-connected communities. Their destiny may no longer be linked to the fate of Nvidia or tech giants.
Of course, caution remains in order – we are not going to play soothsayers. But the autonomous energy of the IA projects suggests that they could continue their flight … Even if Wall Street pulls the mouth. After all, in the crypto jungle, the survival instinct is sometimes better than a trader graph.
So, Nvidia can do her funeral cross choreography, the IA tokens may have decided to dance their own tango. Especially since 44 % of experts bet on an upcoming flight of these tokens! What if we entered an era where the crypto IA would no longer follow the masters of the Nasdaq? To follow… closely.
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