Artificial Intelligence (AI), with its transformative capabilities, continues to disrupt various industries globally. A prime example includes applications like ChatGPT, demonstrating AI’s wide-ranging influence. The merging of AI and blockchain technology presents many opportunities, given that both sectors are data-driven.
Key Points:
- AI crypto assets are crucial components in blockchain projects that incorporate artificial intelligence technology across various applications;
- AI tokens provide investors with an indirect means of participating in cryptocurrency projects that leverage AI, offering potential benefits from AI’s growth within the crypto space;
- As of late January 2024, AI crypto coins collectively represent a market exceeding $21 billion in capitalization, demonstrating their significant presence in the cryptocurrency landscape;
- Leading AI crypto projects include The Graph, Injective, Oasis Network, Render, Fetch.ai, SingularityNET, Cortex, Bittensor, and Ocean Protocol, showcasing a diverse range of applications and innovations;
- Other notable platforms, like Numeraire, Filecoin, and Chainlink, have also embraced AI, further highlighting the widespread adoption of artificial intelligence within the cryptocurrency industry.
In this comprehensive guide, we delve into the world of AI-powered crypto coins that are set to take center stage in 2024 and beyond.
You may also like to delve into an article featuring the Best DeFi Coins, complementing your exploration of the Best AI Crypto coins, to gain a comprehensive understanding of the evolving cryptocurrency market.
Summary of AI-Based Cryptocurrencies
| Token | Market Cap | Category |
|---|---|---|
| GRT | $1.51 billion | Data Indexing and Querying |
| INJ | $3.40 billion | Decentralized Finance (DeFi) and Exchange |
| ROSE | $728 million | Open Finance and Data Privacy |
| RNDR | $1.57 billion | Distributed GPU Rendering and AI Computation |
| FET | $511 million | Autonomous Agents and DeFi |
| AGIX | $340 million | AI Services Marketplace |
| OCEAN | $250 million | Data Exchange and Monetization |
| FIL | $2.66 billion | Decentralized Data Storage |
| LINK | $8.46 billion | Decentralized Oracles for AI Integration |
| NMR | $127 million | Open Finance |
| TAO | $2.28 billion | AI Blockchain |
| CTXC | $100 million | Machine Learning |
What Exactly Are AI Crypto Coins?
While AI can be instrumental in rolling out fresh tokens, from their coding and economic structure to branding, the AI tokens we’re exploring here serve a different purpose.
AI tokens, or crypto assets, fuel blockchain projects that employ AI technology. These projects span a wide array, from AI marketplaces and AI-amplified trading platforms to AI-oriented decentralized organizations.
Sometimes, AI tokens back purely AI-centric projects that don’t largely rely on blockchain technology for their fundamental setup.
Promising AI Cryptocurrencies for 2024
Explore these promising AI tokens poised for growth in 2024 and beyond. Notably, many of the platforms on our list provide robust APIs, simplifying integration across various decentralized applications.
1. The Graph
- Token: GRT;
- Category: Data Indexing and Querying.
| Metric | The Graph (GRT) |
|---|---|
| Price (USD) | $0.163012 |
| Change (24h) | +2.69% |
| Rank | 50 |
| Market Cap (USD) | $1.53 B |
| 24h Volume (USD) | $44.48 M |
The Graph stands out as a prominent blockchain indexing and data querying protocol that harnesses AI technology to enhance data accessibility within decentralized networks. Comparatively, it can be likened to the Google of blockchain.
However, The Graph takes an additional stride by streamlining data access through the creation of subgraphs. These subgraphs can be developed by anyone to furnish applications with readily indexed blockchain data.
The Graph’s ecosystem thrives on its native cryptocurrency – GRT.
2. Injective
- Token: INJ;
- Category: Decentralized Finance (DeFi) and Exchange.
| Metric | Injective (INJ) |
|---|---|
| Price (USD) | $37.02 |
| Change (24h) | +1.72% |
| Rank | 26 |
| Market Cap (USD) | $3.27 B |
| 24h Volume (USD) | $250.96 M |
Injective serves as a layer 1 blockchain, empowering users to construct finance-centric decentralized applications (dApps) for Web3. It seamlessly incorporates AI and integrates a high-performance on-chain decentralized exchange (DEX) infrastructure, bridges, oracles, and a smart contract layer, delivering a comprehensive toolkit for finance dApp development.
Injective enables conventional token swaps, margin trading, and forex futures trading across multiple blockchain networks.
Furthermore, its dApps seamlessly interface with other blockchains like Ethereum, Cosmos, and Solana, thereby bolstering cross-chain interoperability. The ecosystem boasts a diverse array of dApps.
INJ, the native cryptocurrency of Injective, serves multiple roles, including governance, transaction validation within the network, and as incentives for developers.
3. Oasis Network
- Token: ROSE;
- Category: Open Finance and Data Privacy.
| Metric | Oasis Network (ROSE) |
|---|---|
| Price (USD) | $0.109872 |
| Change (24h) | +3.09% |
| Rank | 88 |
| Market Cap (USD) | $737.64 M |
| 24h Volume (USD) | $28.94 M |
Oasis Network operates as a layer 1 blockchain network with a distinct focus on open finance and the promotion of ethical data practices. Within its ecosystem, users have the capability to construct open finance decentralized applications (dApps) that prioritize privacy and fairness, granting users authority over their data and potential monetization opportunities.
This Proof of Stake (PoS) network boasts a unique architecture that segregates its consensus algorithm and smart contract execution, facilitating the cost-effective creation of privacy-centric applications.
Starting from the onset of 2023, Oasis has forged strategic collaborations with influential players in the AI industry, including Meta, to lay the foundation for “Responsible AI.” This framework is designed to ensure that AI technology evolves in accordance with the principles of privacy, fairness, and transparency.
4. Render
- Token: RNDR;
- Category: Distributed GPU Rendering and AI Computation.
| Metric | Render (RNDR) |
|---|---|
| Price (USD) | $4.48 |
| Change (24h) | +8.69% |
| Rank | 47 |
| Market Cap (USD) | $1.68 B |
| 24h Volume (USD) | $121.61 M |
Render Network operates as a decentralized blockchain network designed to harness the latent computational power found in the GPUs of crypto miners who are willing to offer their resources for rent. This platform serves as the intermediary connecting GPU providers with content creators.
Artists, in particular, can take advantage of these underutilized GPU resources for various tasks, such as rendering and streaming digital content. This includes applications in visual effects, virtual assets, and AI-driven projects.
In July 2023, Render Network introduced the “RNP-004 – Open Compute Clients” proposal, which harnesses the network’s computational capabilities for AI and machine learning tasks.
RNDR tokens serve as incentives for GPU providers, ensuring equitable compensation for their contributions.
5. Fetch.ai
- Token: FET;
- Category: Autonomous Agents and DeFi.
| Metric | Fetch.ai (FET) |
|---|---|
| Price (USD) | $0.623346 |
| Change (24h) | +3.16% |
| Rank | 108 |
| Market Cap (USD) | $518.46 M |
| 24h Volume (USD) | $47.38 M |
Fetch.ai represents an innovative platform that seamlessly integrates AI and machine learning (ML) with blockchain technology. This platform empowers users to create and deploy AI agents for a wide spectrum of applications, including those in the realms of decentralized finance (DeFi), transportation, energy management, and various business-related tasks.
The Autonomous Economic Agents (AEAs) within this ecosystem communicate through a standardized language and offer user-friendly management options through a web-based interface.
The native cryptocurrency of Fetch.ai, FET, serves as the means for conducting transactions within the network.
6. SingularityNET
- Token: AGIX;
- Category: AI Services Marketplace.
| Metric | SingularityNET (AGIX) |
|---|---|
| Price (USD) | $0.277926 |
| Change (24h) | +2.50% |
| Rank | 142 |
| Market Cap (USD) | $348.17 M |
| 24h Volume (USD) | $22.30 M |
SingularityNET operates as a decentralized marketplace for AI services, allowing users to generate, collaborate on, and profit from AI services. The platform’s primary emphasis is on advancing Artificial General Intelligence (AGI) and striving towards the realization of human-level intelligence.
Notably, the team members at SingularityNET were responsible for the creation of Sophia, the renowned robot.
Within the SingularityNET ecosystem, the utility token AGIX takes on roles related to transaction management and facilitating decentralized governance.
7. Ocean Protocol
- Token: OCEAN;
- Category: Data Exchange and Monetization.
| Metric | Ocean Protocol (OCEAN) |
|---|---|
| Price (USD) | $0.441781 |
| Change (24h) | +2.28% |
| Rank | 183 |
| Market Cap (USD) | $251.10 M |
| 24h Volume (USD) | $22.93 M |
Ocean Protocol operates on the Ethereum blockchain, providing users with the capability to exchange and monetize data and data-related services. The overarching objective of this platform is to cultivate a more efficient AI ecosystem, recognizing the pivotal role that data plays in this pursuit.
Participants have the opportunity to monetize their datasets by offering them for sale on a decentralized marketplace, ensuring equitable compensation. Conversely, users gain access to datasets that were previously challenging to acquire.
OCEAN, the protocol’s utility token, assumes multifaceted roles within the ecosystem. It serves as the means for data trading on the platform, facilitates governance, and supports data curation through staking.
8. Filecoin
- Token: FIL;
- Category: Decentralized Data Storage.
| Metric | Filecoin (FIL) |
|---|---|
| Price (USD) | $5.28 |
| Change (24h) | +1.29% |
| Rank | 35 |
| Market Cap (USD) | $2.65 B |
| 24h Volume (USD) | $132.66 M |
Filecoin operates as a decentralized data storage marketplace, creating a peer-to-peer environment where users can securely store their files in a decentralized cloud. It establishes a marketplace for the provisioning of storage capacity and the retrieval of data.
FIL, serving as the platform’s utility token, plays a pivotal role in incentivizing storage providers and facilitating transactions for data storage and retrieval.
While Filecoin’s primary focus lies in decentralized data storage, its transparent and secure ecosystem also lends itself well to the storage of AI datasets, contributing to the democratization of the AI economy.
9. Chainlink
- Token: LINK;
- Category: Decentralized Oracles for AI Integration.
| Metric | Chainlink (LINK) |
|---|---|
| Price (USD) | $15.11 |
| Change (24h) | +3.95% |
| Rank | 13 |
| Market Cap (USD) | $8.59 B |
| 24h Volume (USD) | $428.37 M |
Chainlink stands as the foremost decentralized oracle network, serving as a vital bridge for blockchain networks to connect with external data and events. This is especially crucial for decentralized networks such as Ethereum, which lack direct access to off-chain information. Additionally, Chainlink plays a pivotal role in enhancing interoperability among various blockchains through cross-chain communication.
The oracle system provided by Chainlink offers valuable integration possibilities for a multitude of AI use cases. It facilitates blockchain’s access to AI datasets by leveraging Chainlink functions.
Notably, LINK, the native cryptocurrency of Chainlink, boasts a substantial market capitalization in the billions.
10. Bittenensor
- Token: TAO;
- Category: AI Blockchain.
| Metric | Bittensor (TAO) |
|---|---|
| Price (USD) | $407.87 |
| Change (24h) | +16.39% |
| Rank | 204 |
| Market Cap (USD) | $2.51 B |
| 24h Volume (USD) | $23.32 M |
Bittensor is spearheading a transformation in the field of machine learning through a decentralized, peer-to-peer marketplace dedicated to AI intelligence. This innovative approach expedites the sharing of knowledge and fosters rapid growth, culminating in the development of an ever-expanding reservoir of machine intelligence.
The Bittensor protocol effectively commoditizes machine intelligence, thereby stimulating innovation within a universally accessible network.
11. Cortex
- Token: CTXC;
- Category: Machine Learning.
| Metric | Cortex (CTXC) |
|---|---|
| Price (USD) | $0.470640 |
| Change (24h) | -0.25% |
| Rank | 343 |
| Market Cap (USD) | $102.75 M |
| 24h Volume (USD) | $11.96 M |
Cortex represents an AI-driven blockchain platform that is poised to redefine the utilization of artificial intelligence models within the realm of smart contracts and decentralized applications.
This blockchain ecosystem empowers developers by enabling seamless integration and execution of AI models directly on the blockchain. Such innovation heralds a new era of democratization and innovation in smart contract functionality, making AI models more accessible and efficient. This advancement is instrumental in propelling the evolution of intelligent blockchain applications.
Conclusion
The collaboration between blockchain and artificial intelligence represents a powerful partnership that is shaping the future of both technology and finance. Given the substantial growth of AI crypto coins in recent years, the investment potential in 2024 and beyond is noteworthy. Through a prudent investment strategy and vigilant monitoring of market trends, the field of AI-powered crypto coins can become a growth-oriented addition to your investment portfolio. Exploring this dynamic area may position you at the forefront of significant developments in technology and finance.