Best Artificial Intelligence Crypto Coins in 2024 

by Mar 7, 2024Coins & Tokens0 comments

Artificial intelligence (AI) stands as one of the most revolutionary technologies of our time, with notable applications such as ChatGPT demonstrating its far-reaching influence. The convergence of AI and blockchain technology opens up a plethora of possibilities, as both are rooted in data-driven innovation.

Within this article, we delve into a discussion surrounding the top AI-focused cryptocurrencies for the year 2024 and beyond.

What Are AI Crypto Coins?

While AI has the potential to assist in the development of new tokens, encompassing their coding, economic framework, and branding, it’s important to note that the AI tokens discussed here serve a distinct purpose.

AI tokens are cryptographic assets specifically designed to fuel blockchain projects that leverage AI capabilities. These projects span a wide range, including AI marketplaces, AI-enhanced trading platforms, AI-driven decentralized organizations, and more.

At times, AI tokens may also support projects solely focused on AI, without relying primarily on blockchain technology as their foundational structure.

Top AI Crypto Coins for 2024

Presented below are some of the promising AI tokens that exhibit great potential for the year 2024 and beyond. It is important to highlight that numerous platforms on our list provide powerful APIs, enabling seamless integration across various decentralized applications.

1. The Graph

The Graph
  • Token: GRT
  • Category: Data Indexing and Querying
RankMarket Cap (USD)Volume (USD)
45$2.76 B USD$327.88 M USD

The Graph is a prominent protocol for blockchain indexing and data querying that utilizes AI technology to enhance data accessibility within decentralized networks. It can be likened to the Google of blockchains.

What sets The Graph apart is its ability to streamline data access by organizing it into subgraphs. This allows developers to create subgraphs that provide indexed blockchain data to applications.

At the heart of The Graph’s ecosystem is its native cryptocurrency, GRT, which fuels the network’s operations and transactions.

2. Injective

Injective
  • Token: INJ
  • Category: Decentralized Finance (DeFi) and Exchange
RankMarket Cap (USD)Volume (USD)
35$3.60 B USD$423.00 M USD

Injective is a layer 1 blockchain that empowers users to create decentralized applications (dApps) focused on finance within the Web3 ecosystem. By harnessing the power of AI, Injective offers a comprehensive finance dApp development kit that includes a high-performance on-chain decentralized exchange (DEX) infrastructure, bridges, oracles, and a smart contract layer.

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With Injective, users can engage in various financial activities such as token swaps, margin trading, and forex futures trading across multiple blockchains. Moreover, the platform facilitates seamless connectivity with other blockchains like Ethereum, Cosmos, and Solana, promoting enhanced cross-chain interoperability.

Within the Injective ecosystem, a diverse range of dApps can be found, catering to various financial needs and use cases.

Injective’s native cryptocurrency is INJ. It serves multiple purposes within the network, including governance, transaction validation, and providing incentives for developers. INJ plays a vital role in ensuring the effective operation and growth of the Injective ecosystem.

3. Oasis Network

  • Token: ROSE
  • Category: Open Finance and Data Privacy
RankMarket Cap (USD)Volume (USD)
93$1.08 B USD$120.14 M USD

Oasis Network is a layer 1 blockchain network that places emphasis on open finance and responsible data economy. Its primary focus is enabling users to develop open finance decentralized applications (dApps) that prioritize privacy and fairness. With Oasis Network, users have control over their data and the potential to monetize it.

The network operates on a Proof of Stake (PoS) consensus algorithm and features a unique architecture that separates its consensus mechanism from smart contract execution. This design enables the creation of privacy-focused applications at a low cost, enhancing the overall user experience.

Since the start of 2023, Oasis has been collaborating with industry leaders in the field of artificial intelligence (AI), including Meta, to establish the framework for “Responsible AI.” This initiative aims to ensure that AI technology progresses based on principles such as privacy, fairness, and transparency.

4. Render

Render
  • Token: RNDR
  • Category: Distributed GPU Rendering and AI Computation
RankMarket Cap (USD)Volume (USD)
46$2.72 B USD$395.54 M USD

Render Network is a decentralized blockchain platform that harnesses the untapped computing power of crypto miners who are willing to rent out their graphics processing units (GPUs). The platform serves as a connection between GPU providers and creators.

Artists can take advantage of the unused GPU cycles to perform tasks such as rendering and streaming digital content, which encompass visual effects, virtual assets, and AI projects.

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In July 2023, Render implemented the proposal “RNP-004 – Open Compute Clients,” which enables the utilization of the network’s computational power specifically for AI and machine learning tasks.

To ensure fair compensation, the network utilizes RNDR tokens as incentives for GPU providers, guaranteeing equitable remuneration for their contributions.

5. Fetch.ai

Fetch.ai
  • Token: FET
  • Category: Autonomous Agents and DeFi
RankMarket Cap (USD)Volume (USD)
66$1.62 B USD$749.45 M USD

Fetch.ai is a blockchain-based platform that combines AI and machine learning (ML) capabilities. It provides users with the opportunity to create and implement AI agents for various applications, including decentralized finance (DeFi), transportation, energy management, and other business functions.

The platform’s Autonomous Economic Agents (AEAs) utilize a shared language and can be conveniently managed through a web interface.

To facilitate transactions within the network, Fetch.ai has its native cryptocurrency called FET, which serves as a means of payment.

6. SingularityNET

SingularityNET
  • Token: AGIX
  • Category: AI Services Marketplace
RankMarket Cap (USD)Volume (USD)
90$1.14 B USD$388.22 M USD

SingularityNET is a decentralized marketplace for AI that enables users to generate, distribute, and monetize AI services. The platform has a strong emphasis on advancing Artificial General Intelligence (AGI) and achieving human-level intelligence.

The team behind SingularityNET is responsible for the creation of Sophia, the renowned robot. Sophia was developed as part of a separate company closely associated with SingularityNET.

To facilitate transaction management and decentralized governance, SingularityNET employs a utility token called AGIX. AGIX token is utilized within the ecosystem for these purposes. Also read Making the Most of SingularityNET (AGIX): A Guide to Buying.

7. Ocean Protocol

Ocean Protocol
  • Token: OCEAN
  • Category: Data Exchange and Monetization
RankMarket Cap (USD)Volume (USD)
136$575.08 M USD$132.77 M USD

Ocean Protocol is a platform built on Ethereum that empowers users to exchange and monetize data as well as data-driven services. The primary objective of the platform is to cultivate a more effective AI ecosystem by recognizing the significance of data as a pivotal factor.

Users have the opportunity to monetize their datasets by offering them for sale on a decentralized platform at a fair price. Conversely, users can access datasets that were previously challenging to acquire.

The platform’s utility token, OCEAN, plays a crucial role in facilitating data trading, governance, and data curation through staking within the protocol.

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8. Filecoin

Filecoin
  • Token: FIL
  • Category: Decentralized Data Storage
RankMarket Cap (USD)Volume (USD)
25$4.94 B USD$1.02 B USD

Filecoin is a decentralized marketplace for data storage. Within this peer-to-peer ecosystem, users can securely store files in a decentralized cloud and also access a marketplace for storage capacity and data retrieval.

FIL serves as the utility token within the Filecoin network, incentivizing storage providers and facilitating payments for data storage and retrieval.

Although Filecoin’s primary focus is not solely on AI, it provides a transparent and secure environment for storing AI datasets, ultimately contributing to the democratization of the AI economy. Also read How to Use Filecoin for Decentralized Data Storage.

9. Chainlink

Chainlink
  • Token: LINK
  • Category: Decentralized Oracles for AI Integration
RankMarket Cap (USD)Volume (USD)
14$11.56 B USD$682.64 M USD

Chainlink stands as the leading decentralized oracle network, providing a crucial bridge for blockchain networks to interact with the external world. Due to the inherent limitations of decentralized networks like Ethereum, which lack direct connectivity with off-chain data and events, Chainlink plays a vital role in facilitating such communication. Moreover, it enhances interoperability across blockchains by enabling cross-chain communication.

The versatile oracle system offered by Chainlink can be seamlessly integrated into numerous AI use cases, empowering blockchains to access AI datasets through the utilization of Chainlink functions.

LINK, the native cryptocurrency of Chainlink, boasts a substantial market capitalization in the billions, solidifying its position as one of the largest cryptocurrencies in the industry.

10. Bittensor

Bittensor
  • Token: TAO
  • Category: AI Blockchain
RankMarket Cap (USD)Volume (USD)
29$4.45 B USD$55.34 M USD

Bittensor is driving a transformative shift in machine learning by introducing a decentralized, peer-to-peer marketplace for AI intelligence. This innovative platform accelerates the sharing and expansion of knowledge, resulting in a continuously expanding database of machine intelligence. By commoditizing machine intelligence, the protocol sparks innovation within a network that is accessible to all.

Conclusion

In conclusion, the landscape of Artificial Intelligence (AI) crypto coins in 2024 presents a range of promising projects that are pushing the boundaries of innovation. Fetch.ai, SingularityNET, Ocean Protocol, Filecoin, and Chainlink all offer unique solutions that leverage AI and blockchain technologies to drive advancements in their respective domains.

These projects demonstrate the immense potential of combining AI and blockchain, enabling developers to build AI applications, exchange data, store information securely, and facilitate seamless communication between blockchain networks and the outside world. As the AI industry continues to evolve, these crypto coins play a significant role in fostering a more efficient and accessible AI ecosystem.

However, it is important to remember that investing in crypto coins involves risks, and thorough research should be conducted before making any financial decisions. The growth and success of these projects depend on various factors, including market dynamics, technological advancements, and regulatory developments. As the year progresses, it will be fascinating to witness how these AI crypto coins further shape the future of both the AI and blockchain industries.

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