Artificial intelligence (AI) is making significant progress in improving blockchain technology, providing game-changing solutions that make it safer and more efficient. AI’s skills make it possible for advanced programs to improve how blockchain works, from speeding up the processing of transactions to making the network safer. This technology is also essential for creating and enhancing smart contracts so that they work more accurately and reliably. There are a lot of AI altcoins to choose from, such as Render (RNDR), Graph (GRT), and SingularityNET (AGIX).
Reasons to Purchase AI Altcoins in 2024
Investors in cryptocurrencies linked to artificial intelligence (AI) can not only see new technologies as they develop but also ride the wave of their growth from the start. When these technologies become more mature and are used in more places, early adoption can lead to big wins. Here are some reasons why investors should invest in AI altcoins:
- As of July 2024, Coinmarketcap data shows that the market for AI crypto coins is worth more than $26 billion.Â
- There has been much talk about artificial intelligence in 2023. Modern AI bots like ChatGPT are becoming very famous, adding to their popularity. Statistics from Statista show that this field is increasing.Â
- By 2030, it could be worth as much as $2 trillion, a twentyfold increase. Because of this trend, investors should understand that now is an excellent time to invest in AI altcoins.Â
Also Read: How Much of the World’s Money Is Held in Bitcoin?
Best 10 AI Altcoins for Your Investment-Top Ones in 2024
These are the best AI altcoins that will have a lot of value after 2024. It’s important to note that a lot of the platforms on this list have strong APIs that make it easy for all decentralized apps to work together.
Near Protocol (NEAR)
Near Protocol is all about giving a network of computers a reason to run a platform that lets developers make and release decentralized apps. Sharding divides the network’s infrastructure into parts so that each node only has to handle a small number of activities. Sharding will work better and require less computer power.
SingularityNET (AGIX)
There should be a world market for artificial intelligence (AI), according to SingularityNET. Imagine a place where AI makers can easily share and sell their work and where anyone can find AI tools to help them with their issues. This platform lets people buy and sell AI services with the help of the cryptocurrency AGIX. SingularityNET wants to make AI available to everyone and play a significant role in the growth of AI altcoins technology, which is getting smarter all the time.
Render
The Ethereum blockchain powers Render, an open GPU network necessary for animation, VFX processing, and motion graphics. The built-in Render (RNDR) token is a utility token that can only be used in the Render network.
Akash Network (AKT)
By providing an open marketplace where anyone can rent out idle computer power, they make a better and cheaper option to standard cloud services. AKT is the coin that runs this market. It is used to pay for computer resources and give people reasons to join.
13 Popular Types of Cryptocurrency and How They Work
iExec RLC (RLC)
The iExec RLC project is a very powerful, decentralized one that aims to create an open cloud computing system using blockchain technology. The goal of this AI altcoins project, which began in April 2017, is to give people a safe and easy way to sell or share computer resources like storage and working power. By using an open design, iExec RLC makes cloud computing services more accessible to everyone. This leads to more innovation and efficiency in the field.
Ocean Protocol (OCEAN)
The open-source Ocean Protocol is meant to make it easier for people and businesses to share info and make money from it. Datasets are turned into data tokens and stored on the blockchain by the protocol’s dataset tokenization service. Ethereum is where the protocol lives. Data tokenization makes it possible for businesses, groups, and people to buy, sell, and trade information on Ocean’s data marketplace. Every piece of info is safe because blockchain technology is used.
Internet Computer (ICP)
You can use the Internet Computer Protocol (ICP) to house data, computers, user experience, and content on-chain with smart contracts that can do anything. It lets us make 3 social networks that can’t be changed, as well as business systems, games, and virtual reality. Internet Computer (ICP) enables you to choose between full-stack decentralization and multiple chains. It focuses on being valuable and scalable while leaving a small carbon impact.
Graph GRT
The Graph is an autonomous, open-source system that uses distributed ledger technology to collect data without the need for intermediaries. This system works as an APU (Application Programming Interface) around the world to quickly search and organize data. Because it uses the GraphQL language, you can easily access and handle it.
Also Read: How Much of the World’s Money Is Held in Bitcoin?
Bittensor
Bittensor is a new and unique open-source system that runs a blockchain-based autonomous machine-learning network. It makes a joint training setting possible so that machine learning models can work together and earn TAO tokens for the valuable information they add to the group’s intelligence. Additionally, TAO allows entry from outside the network, which lets users access the network’s vast information and shape its actions to meet their specific needs.
Fetch.ai (FET)
You should know about Fetch.ai, the last AI altcoin on this list. Fetch.ai is another open-source, decentralized environment that lets users use smart, self-driving bots to help them build a new digital economy. It wants to include AI in its environment by allowing these clever independent agents (AI-powered tools) to be made. Such smart tools can handle difficult jobs like analytics, predictive models, and even making choices.
Conclusion
This article puts together a list of some of the most well-known and trendy AI altcoin projects that use machine learning (ML) and artificial intelligence (AI). Investors and producers are very interested in the area where these two fields meet because they see a lot of promise for a while. And because AI technologies are becoming more and more famous, there is a big market for these kinds of projects. These were chosen because they use AI altcoins to solve different types of problems in the field.
