Artificial Intelligence (AI) is rapidly transforming how we interact and work. A notable development in this realm is ChatGPT, created by OpenAI, designed to generate human-like text and handle tasks like information processing and answering queries. Moreover, AI’s impact is extending to the crypto space.
AI coins are crypto assets that leverage artificial intelligence to improve user experiences, scalability, and security within blockchain networks. They actively support AI-driven projects, from decentralized marketplaces and market predictions to portfolio management. Additionally, AI-powered tokens grant governance rights, facilitating transactions within the ecosystem. AI can be trained to detect illicit activities, analyze market trends, identify investment opportunities, and serve various other applications. The potential for AI in the crypto world is immense.
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Let us look at some of the best AI crypto coins in the market today.
Snapshot of the trending AI Crypto coins
| Coin Name | Current Price | Market Capitalization | 24-hour volume |
| Graph GRT | $0.09152 | $ 844 million | $33 million |
| Injective | $7.83 | $ 619 million | $21 million |
| Render | $1.65 | $ 613 million | $23 million |
| Oasis | $0.04422 | $ 289 million | $10 million |
| AGIX | $0.1875 | $ 231 million | $ 21 million |
Graph GRT
The Graph is a decentralised, open-source protocol that utilizes distributed ledger technology to gather data independently, eliminating the need for intermediaries. This protocol functions as a worldwide APU (Application Programming Interface) designed to index and organize data efficiently. It leverages the GraphQL language to enable easy accessibility and processing.
Similar to how Google indexes the web, The Graph protocol indexes blockchain data. However, indexing blockchain data poses challenges due to the presence of numerous smart contracts storing data, which can hinder swift query responses by decentralised applications (DApps). To address this, The Graph protocol employs subgraphs to effortlessly retrieve data from the blockchain. Subgraphs serve as open APIs that specify the data to be indexed and its storage method.
The native token of The Graph network is called GRT. GRT is utilized to allocate resources within the network. It is an ERC-20 crypto token that can be stored in Ethereum (ETH) and other ERC-20 compatible wallets.
GRT is currently trading at $0.09152 and has a total market capitalization of $844 million.
Injective
Injective Protocol (INJ) is a decentralized finance (DeFi) platform, designed to enable seamless and secure trading of various assets in a decentralized manner. It utilizes a unique layer-2 protocol for high throughput and low fees. The platform features a decentralized order book for permissionless, peer-to-peer trading without intermediaries. The experienced team behind Injective comprises professionals from diverse backgrounds, contributing to its robustness and innovative features.
Recognized for pioneering “decentralized derivatives,” Injective has garnered support from prominent blockchain investors and partners. As a trailblazer in decentralized derivatives trading, Injective aims to revolutionize finance with advanced technology and a commitment to decentralization.
Injective protocols native token is INJ which is currently trading at $7.83and it has a total market capitalization of approximately $ 619 million.
Render
Render is an Ethereum blockchain-based distributed GPU network that functions as an essential platform for animation, VFX rendering, and motion graphics. Its native token, Render (RNDR), serves as a utility token specifically designed for utilization within the Render network. The network comprises two primary stakeholders: 1) Creators and 2) Node operators. Through the Render network, creators gain access to the immense GPU power available on the network, enabling them to generate high-quality images and visually captivating content at exceptional speeds and reduced costs. On the other hand, node operators lease out their GPU processing power to these creators and, in return, receive render tokens as rewards.
At present, the trading value of Render (RNDR) stands at $1.65, contributing to an impressive market capitalization of $ 613 million as of the time of writing.
Oasis
Oasis presents itself as a layer 1 decentralised blockchain network meticulously crafted to prioritize scalability, versatility, and privacy. With a robust and secure architecture, this blockchain network enables high throughput while keeping gas fees at a minimum. Its unique architecture distinguishes it as a potential powerhouse for various Web 3.0 applications, thanks to the separation of the consensus mechanism and smart contract execution. As a result, developers can effortlessly deploy privacy-focused applications at a reduced cost.
Excitingly, Oasis recently unveiled a substantial ecosystem fund amounting to $235 million. This fund plays a vital role in providing support to projects built on the Oasis network, fostering growth and innovation within the ecosystem. ROSE, its native token is currently trading at $0.04422, contributing to a market capitalization of $ 289 million as of the time of writing.
AGIX
AGIX is currently one of the most sought-after AI coins available in the market. As the native token of the SingularityNET platform, AGIX plays a crucial role in facilitating transactions within this decentralised and open-source blockchain platform. Users can conveniently engage in buying or selling various AI products through this platform. It serves as a dynamic marketplace for trading data, models, and other essential tools that contribute to the advancement of AI through effective training processes.
The maximum supply cap for AGIX tokens stands at two billion, with a circulating supply of 1.2 billion AGIX coins. Presently, AGIX boasts a market cap of $ 231 million, while its price is $0.1875 as per the latest available data.
Final Thoughts
The integration of blockchain and AI has spawned several AI crypto projects aiming to provide secure and efficient AI solutions within blockchain protocols. However, these projects face challenges, such as understanding their intricacies and navigating uncertain regulations.
Each AI-powered project serves unique applications, from enhancing cloud computing services to enabling secure data sharing. Nonetheless, crypto investors should diligently research before investing in these tokens to make informed decisions.
Read more: What are Crypto Trading Bots
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