11 AI-Based Crypto Coins to Watch in 2024
Oct 19, 2024 am 10:34 AMAs the world of cryptocurrency continues to evolve, a new opportunity is emerging in the realm of AI-based crypto coins. Despite a temporary dip in Bitcoin's price to $49,000, which caused concerns across various financial markets, the AI crypto sector remains a promising area for investors seeking long-term growth.
As the world of cryptocurrency continues to evolve, a new opportunity is emerging in the realm of AI-based crypto coins. These coins combine the power of artificial intelligence (AI) with blockchain technology, creating a unique and promising investment domain.
Despite a temporary dip in Bitcoin’s price to $49,000, which caused concerns across various financial markets, the AI crypto sector remains a promising area for investors seeking long-term growth.
This dip, caused by macroeconomic uncertainties, large-scale transactions by major trading firms, and the looming U.S. Presidential election, has led to a moment of volatility in the cryptocurrency market.
However, experts suggest that these events could pave the way for a recovery, particularly in niche sectors like AI-based cryptocurrencies. Here are 11 AI-driven crypto coins to watch in 2024.
1. EarthMeta ($EMT): AI Metaverse Platform
EarthMeta stands out as a leading AI crypto project, primarily due to its unique offering in the metaverse space. Unlike other platforms that allow users to own small parcels of virtual land, EarthMeta enables users to own and manage entire virtual cities.
The platform integrates blockchain and AI, allowing users to create immersive experiences, govern cities, and engage in virtual real estate management. Recently launched in a presale with incentives for early adopters, such as bonuses and high staking rewards, EarthMeta has generated significant interest in the crypto community.
The project’s vision and technological foundation suggest substantial growth potential, making it a key player in the AI crypto market.
2. Fetch.ai ($FET): Autonomous Agent Economy
A decentralized platform, Fetch.ai creates an autonomous “agent” economy powered by AI. These agents are designed to perform various tasks, such as data exchange and energy grid management.
A notable development for Fetch.ai in 2024 is its merger with SingularityNET and Ocean Protocol to form the Artificial Superintelligence (ASI) Alliance. This strategic alliance will combine their respective strengths, accelerating the development of decentralized AI services.
The FET token, along with AGIX and OCEAN, will merge into a new ASI token, positioning the alliance among the top 20 cryptocurrencies by market capitalization.
3. SingularityNET ($AGIX): Decentralized AI Services
Offering a decentralized marketplace for AI services, SingularityNET enables developers to share and monetize AI algorithms. Founded by AI expert Dr. Ben Goertzel, the platform recently secured a $53 million investment to enhance its artificial general intelligence (AGI) capabilities.
This funding will be used to build high-performance computing (HPC) data centers and develop a modular supercomputer, improving the platform’s ability to train deep neural networks and AI models. SingularityNET’s AGIX token serves as the medium for transactions on the platform, incentivizing participation and collaboration in the AI ecosystem.
4. Ocean Protocol ($OCEAN): Decentralized Data Economy
Ocean Protocol enables secure and transparent data sharing between providers and consumers, using blockchain technology to ensure that data providers retain control over their assets.
To make its predictions, anyone can sign up for Data Farming (DF) Round 101, which Ocean Protocol recently released to share OCEAN tokens with participants who give correct predictions on its AI trading floor. This initiative demonstrates how the platform plans to promote the data economy to enable the sharing of data, social and financial value and return on contribution.
Frequent changes into the pricing structure of token do not appear to have threatened Ocean Protocol’s trading volumes and new business prospects.
5. Cortex ($CTXC): AI-Integrated Blockchain Platform
Cortex is a blockchain platform that integrates AI models with smart contracts, enabling decentralized AI execution. Its Layer-2 roll-up solution, ZkMatrix, uses zkRollup technology to improve scalability and reduce transaction costs.
This innovation enhances Cortex’s ability to support decentralized applications (dApps) and AI models. Cortex’s unique combination of AI and blockchain technology has positioned it as a key player in the decentralized AI market, with applications spanning multiple industries, including threat detection and automation.
6. The Graph ($GRT): Decentralized Data Indexing
The Graph is a decentralized protocol designed to index and query blockchain data, making it easier for developers to build decentralized applications (dApps). In 2024, The Graph secured $50 million in funding through a strategic sale of GRT tokens.
This funding will support the protocol’s development and efforts to decentralize Web3 infrastructure. The project’s focus on verifiable data indexing and querying is expected to increase its utility within the blockchain ecosystem.
7. Render Token ($RENDER): Distributed GPU Network
A decentralized network, Render Token (RENDER) leverages unused GPU power to perform complex rendering tasks. The platform facilitates high-performance computing for industries such as visual effects and augmented reality.
Recently, the platform completed a token swap from RNDR to RENDER on Binance, simplifying its market presence. This move
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