Tech
Best AI Crypto Tokens for Investments in 2024
The birth of AI cryptocurrencies has created a strong wave in the entire cryptocurrency industry, mainly fueled by the increase in their market share to a breathtaking value between $2.7 and $26 billion. It’s amazing how quickly people are catching on to this new trend. For those looking for more affordable options, you may be interested cryptocurrency under $1 that will explode.
By a generous estimate, VanEck, an investment manager, predicts that AI-powered cryptocurrencies could generate up to $51 billion by 2030. The space is unlimited. The possibilities and opportunities in AI cryptocurrencies are limitless. While the AI market is growing rapidly, presenting many tokens for potential investments across the board, including Bitcoin, it can be difficult to locate profitable projects. This guide will help you understand the most promising and profitable projects.
Below is a list of AI tokens you need to know about for June 2024. But first, let’s answer a key question: What are AI crypto tokens?
Disclaimer: Nothing on this site should be construed as investment, financial, trading, or any other type of advice. No cryptocurrency is recommended for buying, selling or storing by Dataconomy. Before making any investment decisions, you should do your research and consult a financial professional.
What are AI Crypto Tokens?
AI crypto tokens are digital assets specifically designed for use on AI-powered platforms and networks. Cryptographic tokens, specific to AI, are created to support the development of AI systems, applications, platforms and networks.
They are not just a medium of exchange for traders. AI tokens help companies facilitate sales and purchases in AI markets, govern decentralized AI networks, incentivize data sharing, and help train AI models, among other things .
Why should you invest in AI crypto tokens?
- Emerging technologies and new opportunities: Artificial intelligence is a revolution that has just begun. With the innovation of tokenized AI merging with the disruptive force of blockchain technology, the sky is the limit. Thanks to the early monetization of these cutting-edge technologies, startups and small businesses usually have a higher rate of return (ROI)
- Real life application: AI crypto token entities are not just financial assets. They enable innovations such as AI autonomous markets, data sharing networks, and AI-driven public services. Secondly, the success of these platforms and their increased adoption would lead to an increase in demand, which would imply a possible increase in the value of their tokens and the yield they provide.
- Utility above the price: Several AI-based cryptocurrencies rely on factors that contribute to user participation. Users could earn rewards by storing data using the platform or contributing to the network, which would provide additional ROI due to cryptocurrency price increases alone.
Best AI Crypto Tokens for Investment
NEAR
NEAR Protocol is a scalable, user-centric blockchain platform that would lead to convenient and simple development and usability of dApps by end users. It applies high-level sharding technology to achieve a huge volume of hassle-free transactions and low fees, while also addressing the general problems of other blockchains.
The NEAR protocol incorporates AI and ML in platform systems, where smart contract deployment, network optimization and security monitoring are performed automatically. Reduces development costs and improves usability of a single platform.
Render Token (RNDR)
The Render Token (RNDR) project launched in 2016 is based on decentralization GPU-based 3D graphics rendering solutions for rendering high-end 3D graphics in diverse industries, such as gaming, NFT creation, metaverse development, architecture, animation, and home design.
Render Token(RT) is an efficient rendering service that connects users of rendering jobs who need to render with those whose computing capabilities are underutilized. This model makes rendering convenient and accessible to all players.
Render Coin has distinguished itself with blockchain technology and smart contracts that create a transparent, decentralized exchange of GPU power. Additionally, Render Token’s collaborations with Apple, particularly through OctaneX, will provide new opportunities for millions of users to use the network for graphics processing tasks.
Bitensor (TAO)
The world has witnessed remarkable growth in artificial intelligence (AI), which has enormous potential to transform various industrial sectors. However, the efficient use of trained AI models is still in the early stages of development.
Bittensor is a decentralized AI network that aspires to build an open and transparent ecosystem for sharing knowledge and expertise to help train and deploy AI models. Its main goal is to spread AI development to its community, allowing each user to contribute computing power and data to train AI models and, thus, earn TAO token rewards.
Bittensor’s distinctive approach is based on the use of blockchain technology and encryption algorithm-based incentives, which coordinates the training and deployment of artificial intelligence models. Bittensor, built on a decentralized network of nodes, enables the co-creation of AI models.
This helps eliminate cost barriers to participation and encourages innovation in artificial intelligence.
The graph (GRT)
The Graph creates an indexing protocol that provides developers with the ability to use input/output data from blockchains through open APIs called subgraphs. It aims to make data from different blockchain networks, including Ethereum and IPFS, informative and accessible for decentralized applications (dApps) and their users.
The Graph is based on the decentralized network of nodes known as Indexers, which collect, decode and store data on a blockchain. Decentralized tracking, in particular, offers stronger transparency and reliability than those that collect data in a centralized service. On the one hand, The Graph leverages the GRT token as an influence mechanism for indexers, curators and delegates to join The Graph’s work processes.
Going to take. ai (FET)
Going to take. Artificial intelligence is creating next-generation ideas of an “internet of things” where all things will talk to each other. They imagine a distributed network with an AI agent that does any job for you, whether it’s finding the best deals, creating optimal schedules, or even trading on your behalf.
It is also worth noting that such networks operate on the FET cryptocurrency, the way currently used to pay for AI services and for people who help the network to function to receive a reward. Going to take. ai, in addition to big names like Bosch and Ocean Protocol, also clearly indicates the very real possibility that their technology can be applied in reality.
Injection protocol (INJ)
Injective Protocol (INJ) is the second-layer cross-chain ecosystem built on top of the default chains, providing users with lower latency and a near-zero-cost trading platform of derivatives across networks. It is solution-oriented when handling scalability issues with the DeFi segment and replacing centralized exchanges.
The Injective protocol stands out from others with its cross-chain potential and features such as cross-chain margin trading, derivatives contracts, and forex futures trading. Its operation is based on a PoS consensus mechanism intended to accommodate greater scalability and environmental friendliness, thus making it an “eco-friendly” choice for traders.
INJ, the platform’s flagship utility token, enables permissionless peer-to-peer global trading of assets with built-in staking capabilities that help us generate passive returns.