Artificial intelligence is now taking over the cryptocurrency market, and the new phenomenon is the emergence of AI coins. These assets include digital ones that employ AI with an extra layer of protection the blockchain provides. These AI-based cryptocurrencies are expected to gather interest from investors and developers as the market moves towards 2024 and are among the most exciting trends in the crypto space.
This is not an entirely new phenomenon in the crypto space, but a new way to use blockchain. The AI coins to invest in 2024 have become so popular. They preach profit and the ability to change the course of business using artificial intelligence and machine learning.
AI coins are incredibly valuable for businesses and require significant attention. They offer a new perspective to the cryptocurrency market through machine learning and data analysis to enhance their functions. These coins could hold massive amounts of data, execute operations, and even provide market analysis. This makes them very popular with investors searching for better ways of engaging with the digital asset class.
Top AI Crypto Coins in 2024
This article aims to explain AI coins, why they are popular, and what makes them different from other cryptocurrencies. It gives an insight into the best AI crypto coins of 2024. These projects use AI and blockchain to create viable applications.
The Graph (GRT)
The Graph is a decentralized indexing protocol that enables efficient data querying from blockchains. It works like a search engine but for blockchain and decentralized applications (dApps). Implementing AI, The Graph enhances the way of fetching the data from the blockchain, which is more efficient and effective.
The most exciting aspect of The Graph is that it leverages AI to make decisions regarding indexing. Its native token, GRT, also encourages people to contribute to indexing and querying data. The platform uses artificial intelligence to make it easier for developers to access data as they create better dApps.
The Graph is rising because it is instrumental in the growing Web3 ecosystem. Since blockchain networks are expanding, proper data indexing is essential, and The Graph’s AI-based solutions are perfect for that. As of press time, GRT is trading at $0.1595, down by 2.84% over the past day and 1.83% in the last month.
Artificial Superintelligence Alliance (FET)
Artificial Superintelligence Alliance (FET) is one of the leading platforms in the AI crypto space. It allows developers to design agents that function independently without the need for further instructions. These agents perform functions such as IoT data management, crypto transactions, and enhancing DeFi services.
Such agents are guided by artificial intelligence and collaborate to enhance productivity in sectors such as finance, transport, and energy. FET is the full-time digital asset used on the platform and to support smart agents.
FET, SingularityNET, and Ocean Protocol introduced the ASI token. This partnership makes them ready and strong for the development of AI technologies to face Big Tech companies. FET has the capacity to revolutionize several industries and is one of the best AI-centric crypto coins to watch in 2024. At the moment, FET is trading at $1.58, which is 3.58% lower than the average price it had yesterday but 13.84% higher than the price it had a month ago.
Render (RENDER)
Render is a new approach to digital content creation that leverages GPU rendering on the Ethereum blockchain. This allows creators to get the required GPUs for their work and owners of unused GPUs to free them up. As a result of Render, the rendering procedure is made more affordable and efficient for artists, developers, and engineers.
As for the approach to its platform, Render uses artificial intelligence to manage and distribute GPUs to enhance the calculation time for tasks like 3D modeling, virtual reality, and machine learning. The platform’s native token is RENDER, which is used to buy renderings of the services. On the other hand, node operators are paid in RENDER tokens for their GPU contribution.
With the expansion of the gaming, virtual reality, and metaverse development industries, Render has an edge over other platforms due to its decentralized structure regarding computing costs. This is now becoming crucial for creators in these fields and has vast room for expansion, which is why it is a perfect AI coin. At the moment, RENDER is going for $5.51 per coin, which is 5.07% higher in 24 hours and 6.21% higher in a month.
SingularityNET (AGIX)
SingularityNET is an open marketplace in which AI services are bought and sold. It helps developers design, build, implement, and profit from their AI products and services. The AGIX token provided by SingularityNET provides the community with various services, including voice recognition and real-time voice replication.
Another milestone of SingularityNET is its cooperation with Sophia, an artificial intelligence robot. Such a partnership discloses how the platform can enhance AI technologies and bring them to the market.
$7.5 Billion Merger Creates Artificial Superintelligence Alliance (ASI) TokenSingularityNET is a project that aims to bring AI up from the billionaires and make it available to the masses as a service. These smart contract templates also assist the developers while building and deploying AI models on the platform. Having already released over 70 AI services, SingularityNET is destined to become one of the dominant market leaders in the decentralized AI market. Currently, the price of AGIX is $0.6954 which is 1.24% less than the price it was a day before.
Near Protocol (NEAR)
Near Protocol is a Layer 1 Blockchain that aims to solve scalability issues and the deployment of dApps. It uses sharding to split the entire network into subnets to improve and facilitate cheaper and faster transactions. The near protocol has its infrastructure close to the user, making it ideal for deploying AI applications requiring real-time data analysis.
This is because Near Protocol has an incredible capacity to manage many AI tasks, making it one of the top AI crypto coins developers and investors should consider. With the adoption of AI, Near Protocol is seeing more projects that incorporate AI to streamline their operations come to the network.
This makes it a key player in the future of smart blockchain applications driven by AI-based dApps. As of press time, NEAR trades at $4.43, showing a 0.73% decline over the previous 24 hours and 2.73% less than the past month.
Conclusion
These AI coins are now giving rise to the concept of smart cryptocurrencies that are likely to challenge traditional financial models. These digital assets leverage Artificial Intelligence and the Blockchain to help provide better, faster, and more secure solutions in many industries. Regarding GRT, FET, and AGIX or other upcoming AI crypto coins, this is one market to watch as AI revolutionizes the crypto space.
