Top 5 AI Crypto Coins of 2024

Crypto

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.

Read more: Crypto Investing vs Crypto Trading

Let us look at some notable AI crypto coins in the market today.

Snapshot of the trending AI Crypto coins 

Coin NameCurrent PriceMarket Capitalization
Near Protocol$4.76$5.2 billion
Internet Computer$7.09$3.3 billion
Render$5.71$2.2 billion
Graph GRT$0.1789$1.7 billion
Bittensor$238.89$1.6 billion

Near Protocol (NEAR)

Near Protocol focuses on incentivising a network of computers to operate a platform for developers to create and launch decentralised applications. It uses the process of sharding to split the network’s infrastructure into segments for nodes to only have to handle a fraction of the network’s transactions. Sharding is expected to be more efficient and requires less computing power. 

Near Protocol works similar to other cloud companies like Amazon Web Services, over which other applications can be built. But unlike legacy solutions where there is a single entity, NEAR is operated and maintained by a distributed network of computers.

Read more: What is Near Protocol (NEAR)

Internet Computer (ICP)

Internet Computer (ICP)protocol gives us the power of limitless smart contracts to host data, computing, user experience and content, on-chain. It allows us to build tamperproof Web 3 social media, enterprise infrastructure, gaming and virtual reality. Internet Computer (ICP) gives full-stack decentralisation and multi-chain options. It focuses on scalability and utility with a low carbon footprint. It is committed to building Greentech web 3 solutions.

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.

Graph GRT

The Graph is a decentralized, 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.

Bittensor

Bittensor is an innovative open-source protocol that powers a decentralized machine-learning network built on blockchain technology. It facilitates a collaborative training environment where machine learning models work together, earning rewards in the form of TAO tokens based on the valuable information they contribute to the collective intelligence. Additionally, TAO enables external access, allowing users to tap into the network’s wealth of knowledge while guiding its activities to align with their specific requirements.

At its core, Bittensor’s ambitious goal is to establish a pure marketplace for artificial intelligence, a fair and incentivized arena where consumers and producers can engage in trustless, open, and transparent interactions.

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. Each AI-powered project serves unique applications, from enhancing cloud computing services to enabling secure data sharing. These next-generation tokens aim to harness the power of blockchain and artificial intelligence and create value by solving specific problems in the digital world. With the growth of AI and Blockchain at a rapid pace these tokens can play a critical role in the future. However, it is important to note that this list has been provided based on internal research, and investors should conduct thorough research before investing in crypto tokens.

Read more: What are Crypto Trading Bots

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Disclaimer: Crypto products and NFTs are unregulated and can be highly risky. There may be no regulatory recourse for any loss from such transactions. Each investor must do his/her own research or seek independent advice if necessary before initiating any transactions in crypto products and NFTs. The views, thoughts, and opinions expressed in the article belong solely to the author, and not to ZebPay or the author’s employer or other groups or individuals. ZebPay shall not be held liable for any acts or omissions, or losses incurred by the investors. ZebPay has not received any compensation in cash or kind for the above article and the article is provided “as is”, with no guarantee of completeness, accuracy, timeliness or of the results obtained from the use of this information.

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