5 Best AI Cryptos to Invest in Before the Next Bull-Run (2024)
Disclaimer: This is not financial advice. Please do your own due dilligence before making a decision in this space. The information on this blog is for general informational purposes only and any opinions expressed are my own. I make no representations as to the accuracy or completeness of any information and will not be liable for any errors or omissions in this information.
Why AI is the future of cryptocurrency;
Optimization of blockchain and scalability
Market Analysis and Trading Automation
Enhancing Security and Detecting Fraud
Personalization and improved customer experience
Market Forecasting and Predictive Analytics
As technology and artificial intelligence progress, we can anticipate further breakthroughs that will enhance the accessibility, security, and efficiency of cryptocurrencies, firmly establishing their role in the future of finance.
Render (RNDR)
Render (RNDR) is an incredible AI token. Similar to what Amazons new cloud system is doing, Render is using the blockchain to create a GPU pooling system of idle computers to render high quality graphics and 3D rendering in near real time, for a fraction of the cost.
Stable Diffusion, the generative AI software uses Renders ecosystem to create graphics.
AI generated images and videos need a cloud-based rendering system, and the Render Network offers this, so it is easy to see how the ecosystem can benefit from a move into the AI space.
At time of speaking, Render token is only $5.80 AUD, and I believe has much more upside potential as the network scales.
FETCH AI
Fetch.AI is making AI accessible to everyone through an open network. Users can connect and use autonomous AI for secure task handling, tapping into a global data network.
Fetch.AI is designed to revolutionise various industries by introducing decentralised, autonomous economic agents that leverage its open network (like Chat GPT, Bard, etc). These agents, powered by artificial intelligence, enable secure and efficient interactions in complex digital systems. One key use case is optimising decentralised finance (DeFi) trading services, where Fetch.AI's technology can enhance efficiency and decision-making processes.
The overarching goal is to democratise access to AI, making it a versatile solution for diverse applications in large-scale datasets.
Fetch AI is currently 0.79 cents AUD at the time of writing, with strong potential for an upswing next year.
SingularityNet (AGIX)
With a need to spread wealth and information to everyone, AGIX revolutionises AI by providing a decentralised marketplace through SingularityNET, enabling seamless, democratic access to a diverse array of AI services and fostering collaboration in the global AI community and monetisation of AI services on the blockchain.
SingularityNET seeks to reduce problems currently in the AI space. The entire AI industry is currently centralised, AGIX aims to allow the expansion to every day innovative minds to explore this technology instead of only massive tech firms like Microsoft and Google.
AGIX is currently 0.50 cents AUD at the time of writing. With a strong use case and partnering with other networks, there seems to be potential for an upswing next year.
Numeraire (NMR)
Numeraire (NMR) is the native cryptocurrency of the Numerai platform, a hedge fund that employs artificial intelligence and machine learning models created by data scientists around the world.
As a utility token, Numeraire is used to incentivize data scientists to contribute predictive models to the Numerai tournament. Data scientists stake their NMR tokens on their models, and if their predictions perform well, they earn additional NMR as rewards. This unique approach aligns the incentives of data scientists with the success of the hedge fund, fostering a collaborative and competitive environment to build more accurate and profitable trading algorithms.
At the time of writing, $24.56 AUD at the time of writing, with much stronger potential to rise.
THE GRAPH
The Graph (GRT) serves as the native cryptocurrency for The Graph Network, a decentralised protocol that enables efficient and decentralised querying and indexing of blockchain data.
The Graph facilitates the creation of decentralised applications (DApps) by allowing developers to query and retrieve specific data from various blockchains. It acts as a crucial infrastructure layer in the decentralised web ecosystem, enhancing data accessibility and usability for developers building on blockchain platforms like Ethereum. The decentralised indexing capabilities of The Graph contribute to the scalability and efficiency of DApps, making it a key player in the broader blockchain ecosystem. In April 2021 alone, The Graph’s hosted service processed 20 billion queries.
GRT has the potential to revolutionise AI by providing a decentralised protocol that significantly improves data accessibility for developers, enabling efficient and scalable decentralised applications on various blockchains.
At the time of writing, The Graph is 0.26 cents AUD. With its scalability potential, this crypto token could rise in the bull-run.
Why are AI cryptos Important?
AI and cryptocurrencies are crucial for enhancing security, creating decentralised ecosystems, enabling data exchange, and facilitating new decentralised autonomous systems. The synergy between AI and cryptocurrencies promises secure, efficient, and transparent solutions across various applications.
The integration of AI and cryptocurrency opens up exciting possibilities, creating a decentralised and collaborative environment for all. For those interested in AI investments, the platform I love the most is Swyftx. It provides a simple and user-friendly starting point for your AI journey.
If you’re a newbie wanting to learn more about AI, download my free ebook!
