AI is gathering steam in the 2020s, with AI crypto projects increasing in number- the combination of AI and blockchain can revolutionize industries, after all. Notably, the global AI blockchain market was worth about $220.5 million in 2020, and it is expected to go up to $973.6 million by 2027. Looking at the growing numbers, AI crypto projects are definitely a profitable sector for investors to consider right now.
In this blog, we look at the top 5 AI crypto projects that should be on your radar in 2024!
Top 5 AI crypto projects you should know about
Here are the AI blockchain projects you must know about, ranked in no particular order:
- The Graph (GRT)
Price on April 3, 2024: $0.3404
Market cap on April 3, 2024: $3,218,353,191
To start off our list of AI crypto coins you need to know about, The Graph is one of the best known AI crypto projects. It is an open-source ‘indexing protocol’ that can query data for several networks including Ethereum, and allow entities to bring together and organize information independently. Through The Graph, users can build APIs called subgraphs which applications can query using the GraphQL and retrieve data from blockchains. Notably, the GraphQL is an AI query language.
As Google indexes the world wide web, The Graph has been created to index data from blockchains. GRT is the native token of the network, based upon Ethereum and following the ERC-20 standard. As of the beginning of April 2024, GRT has seen a growth of 142.58% in the past year. The current bull market is expected to propel this AI crypto currency further.
- The Alethea AI (ALI)
Price on April 3, 2024: $0.0259
Market cap on April 3, 2024: $92,951,226
The Alethea AI protocol out of all the AI blockchain projects live today brings ‘ownership to generative AI.’ As the team puts it, their mission is to bring AI and blockchain together to enable decentralized ownership of artificial intelligence. Alethea AI works with the broader goal of unlocking the complete potential of AI for the greater good of humanity.
ALI (Artificial Liquid Intelligence) is the native token of the protocol, helping developers monetize AI models and any AI-based assets.
As of April 3, 2024, ALI has seen a growth of 8.72% in one day.
- Internet Computer (ICP)
Price on April 3, 2024: $18.60
Market cap on April 3, 2024: $8,603,780,809
Time for the third name in our list of AI crypto projects. As a direct, decentralized competitor to traditional cloud-based services, Internet Computer onboards independent data centers from all parts of the world and allows them to provide their services to the users in return for some incentives paid in the native token ICP.
ICP finds further use cases to distribute voting rights and for payments. As AI projects increase in number around the world and the storage requirements for their growing number of datasets increase in turn, Internet Computer plans to decentralize the environment, away from the limitations and censorship of centralized clouds.
In the past year, ICP has seen a 272.42% increase, again expected to go up further as the current crypto bull market runs its course. Notably, in terms of market cap, ICP is the 18th biggest crypto in the world as of April 3, 2024.
- The NEAR Protocol (NEAR)
Price on April 3, 2024: $6.68
Market cap on April 3, 2024: $7,036,110,847
If you have been in the AI crypto projects space for even a day, you must have already heard about the NEAR Protocol, a famous name among AI crypto currency. The NEAR Protocol (NEAR) is based on a layer-1 blockchain platform; the team describes it as “NEAR is the chain abstraction stack, empowering builders to create apps that scale to billions of users and across all blockchains.” Essentially, the NEAR Protocol brings a platform that developers can use to build scalable dApps (decentralized applications), and also aims to be user-friendly.
NEAR is the native token for the protocol. In the past year, NEAR has seen a growth of about 247.46%, holding the 20th spot in the list of the biggest cryptocurrencies by market cap in the world as of April 3, 2024.
- The Render Network (RNDR)
Price on April 3, 2024: $9.45
Market cap on April 3, 2024: $3,609,656,699
This one is a decentralized GPU rendering platform, which takes on service providers who have excessive GPU power so they can lend it out to users for rendering things like motion graphics and visual effects.
As AI grows in popularity, platforms like Render can only swing to the upside in the coming times. The native RNDR is an ERC-20 crypto token used to reward the service providers and make payments.
As of April 3, 2024, RNDR has seen a 614.18% growth in the past year. As you might be able to assume, this makes RNDR a good possibility for your portfolio of AI crypto coins.
And that was our list of the top AI crypto projects you should know about in 2024. For more information on crypto trading and investing, do visit the Millionero blog!
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