Artificial intelligence (AI) is making waves in the cryptocurrency market, paving the way for a new category of digital assets known as AI coins. These tokens combine AI’s computational power with the security and transparency of blockchain technology, creating a compelling proposition for both developers and investors.
In the fast-paced world of crypto, these AI-focused digital currencies are emerging as one of the most intriguing trends. In addition, several Layer-1 blockchain projects continue to play a crucial role in the broader crypto ecosystem. This report explores the performance, market activity, and distinctive features of top AI and Layer-1 tokens: NEAR Protocol, Bittensor, Internet Computer, Artificial Superintelligence Alliance (FET), and Render Network.
Top AI Crypto Coins in 2024
NEAR Protocol
NEAR Protocol has established itself as one of the leading Layer-1 blockchains in the decentralized applications (dApps) sector. It uses a Proof-of-Stake (PoS) mechanism, powered by its unique Nightshade sharding technology, to improve transaction speed, reduce fees, and handle higher transaction volumes. This sharding system splits the blockchain into smaller sub-chains, each managed by separate validators, enabling efficient transaction processing. NEAR also emphasizes user accessibility, offering human-readable account names and supporting app development through Web 2.0 programming languages like JavaScript.
Despite these technological advancements, NEAR Protocol’s performance has been under pressure. As per the data from CoinMarketCap, at press time, over the past week, NEAR’s value decreased by 6%, with a 24-hour trading volume of $229.9 million. Priced at $3.93 during this press, it experienced a slight dip of 1.3% drop in the last 24 hours. The token’s market cap stands at around $4.81 billion, reflecting its position among the best AI crypto coins and top Layer-1 projects. Trading for NEAR predominantly occurs on centralized exchanges, with Binance being the most active platform, followed by HTX and Upbit. The steady trading volume signifies ongoing interest in NEAR, even amid a market downturn.
Bittensor
Bittensor represents a novel approach to integrating AI with blockchain, positioning itself as one of the top AI coins in the market. This open-source protocol enables decentralized machine learning, allowing models to collaborate and earn TAO tokens based on their informational contributions. Bittensor aims to establish an open AI marketplace, where developers can access and share AI models in a decentralized, transparent, and trustless environment. Its network consists of different nodes, including servers and validators, each rewarded based on their value contribution. High-value nodes earn more TAO, while low-value nodes face deregistration.
Over the past week, Bittensor’s token price fell by 8%, closing at $460.86. The 24-hour trading volume was $130.59 million, while its market cap reached $3.40 billion. TAO recorded a 3.85% decrease over the past 24 hours. Despite these declines, Bittensor remains one of the best cryptocurrency projects, demonstrating consistent trading activity and growing interest in decentralized AI solutions. Its vision to decentralize AI development aligns with broader trends in blockchain innovation, making it a key player among AI tokens.
Internet Computer
DFINITY has reimagined blockchain technology with the Internet Computer. It wants to be the “World Computer.” supporting both Web3 as well as Web 2.0 applications. Internet Computer can make smart contracts, which can directly interact with other blockchains.
Developers can use this network to create decentralized services. It allows governance to pay the network participants and is considered one of the top AI and blockchain tokens.
ICP’s price, fell to $7.88, as its performance this week ascended by 1.45%. It had a market cap of $3.73 billion and a 24-hour trading volume of $56.67 million, during reporting.The blockchain’s ability to enable end-to-end decentralization makes it more appealing to the developers.
Artificial Superintelligence Alliance
Arising from a merger of Fetch.ai, Ocean Protocol, and Singularity NET, Artificial Superintelligence Alliance attempts to build a decentralized network of AI using blockchain. It operates under the FET token and allows access to decentralized AI services and machine learning tools. Among AI crypto coins, its FET tokens are offered on major exchanges including WhiteBIT, Binance and Bybit. Importantly, liquidity is high because the FET pair FET/USDT keeps receiving a lot of activity.
The trading volume of FET reached $127.47 million, which was an 39.11% increase, at the time of writing. It saw a slight increase of 1.5% in value from last week, bringing the price to $1.25. With a market cap of $3.04 billion, it is positioned at 27th place. This is one of the reasons the alliance remains a focus on open AI access, which puts it on the table as a serious player in the AI token space.
Render Network
Render Network serves as a decentralized GPU compute platform supporting applications like 3D rendering, machine learning, and generative AI. It connects GPU node operators with developers seeking scalable rendering solutions, operating on a peer-to-peer model to maximize speed, scale, and cost efficiency. The Render Network Foundation leads this ecosystem, enabling artists and developers to build applications in the emerging digital economy. As a leading decentralized compute project, Render stands out among the best artificial intelligence cryptocurrency platforms.
Top Metaverse Tokens to Watch: STX, RENDER, FLOKI, & MoreOver the past week, Render’s value dropped by 1.37%, with its price reaching $4.68. The 24-hour trading volume was recorded at $158.60 million, while the market cap stood at $2.42 billion. It experienced a slight 2% drop over the last 24 hours. Despite recent market setbacks, Render remains an essential component of the digital economy’s decentralized infrastructure, reflecting growing demand for GPU-powered services.
Conclusion
Overall, these five cryptocurrencies have been shaken by market-wide declines. Bittensor, Artificial Superintelligence Alliance, Render Network and NEAR Protocol are just a few of the areas of blockchain innovation. Their use cases and market activities exemplify the diversity and adaptability of blockchain technologies in response to dynamic market dynamics. Nevertheless, each one has taken project decentralization boundaries to a new level.
