Top 10 AI-powered cryptocurrencies poised for growth in the year 2024
Artificial Intelligence has now become a significant factor when it comes to the world of blockchain and cryptocurrencies. The incorporation of AI in the blockchain world has made way for a series of cryptocurrencies that utilize AI in their functions such as analytical, DeFi, and security purposes. This article seeks to outline the best 10 AI cryptocurrencies to buy in 2024.
1. SingularityNET (AGIX)
SingularityNET is a decentralized platform that allows AI services to be created, shared, and monetized. Its native token, AGIX, is used to facilitate transactions within the network.
Key Features
Decentralized AI Marketplace: Developers can monetize their AI algorithms.
Interoperability: Works with multiple blockchain platforms.
Strong Partnerships: Collaborations with companies like Hanson Robotics.
Investment Potential
SingularityNET’s robust platform and increasing adoption make AGIX a strong contender for long-term growth in the AI and blockchain space.
2. Fetch.ai (FET)
Fetch.ai aims to build an open-access, tokenized, decentralized machine-learning network. Its FET token is used to power its AI-driven applications. It is one of the top 10 AI cryptocurrencies to buy in 2024.
Key Features
Autonomous Agents: AI agents that perform tasks on behalf of users.
DeFi Integrations: Applications in smart cities, supply chains, and energy grids.
Scalable Solutions: High throughput and low-cost transactions.
Investment Potential
Fetch.ai’s innovative approach to decentralization and AI makes FET a promising investment, particularly with its focus on real-world applications.
3. Ocean Protocol (OCEAN)
Ocean Protocol is a decentralized data exchange protocol that unlocks data for AI consumption. The OCEAN token is used for buying and selling data.
Key Features
Data Sharing: Enables secure and transparent data exchange.
Data Monetization: Users can monetize their data.
AI Model Training: Facilitates training AI models with shared data.
Investment Potential
Ocean Protocol’s emphasis on data and AI integration positions OCEAN as a valuable token, especially as data becomes more central to AI development.
4. Cortex (CTXC)
Cortex is a public blockchain that supports AI model integration. The CTXC token is used to incentivize AI model submissions and execution. It is one of the top 10 AI cryptocurrencies to buy in 2024.
Key Features
AI Model Execution: Onchain execution of AI models.
Smart Contracts: Supports AI-powered smart contracts.
Open AI Ecosystem: Encourages collaboration among AI developers.
Investment Potential
Cortex’s focus on AI model integration within blockchain presents significant potential, making CTXC a noteworthy investment.
5. Numeraire (NMR)
Numeraire is the native token of Numerai, a hedge fund powered by a decentralized network of data scientists. NMR is used as an incentive for participants.
Key Features
Data Science Competitions: Participants build predictive models.
Staking Mechanism: NMR is based on the success of models.
Hedge Fund: Integrates winning models into its trading strategy.
Investment Potential
Numeraire’s unique approach to combining AI and finance through crowdsourced models provides NMR with substantial growth prospects.
6. DeepBrain Chain (DBC)
DeepBrain Chain is a decentralized neural network that utilizes blockchain technology to reduce the cost of AI development. DBC tokens are used for computing resources. It is one of the top 10 AI cryptocurrencies to buy in 2024.
Key Features
Cost Reduction: Lower AI computation costs.
Privacy Protection: Secure data transactions.
AI Ecosystem: Comprehensive AI development environment.
Investment Potential
DeepBrain Chain’s aim to make AI development more affordable and secure offers significant investment potential for DBC tokens.
7. SingularityDAO (SDAO)
SingularityDAO is a decentralized finance (DeFi) protocol that uses AI for managing diversified cryptocurrency portfolios. SDAO is its governance token.
Key Features
AIDriven DeFi: Uses AI for portfolio management.
Dynamic Asset Management: Automated trading strategies.
Decentralized Governance: SDAO holders vote on protocol changes.
Investment Potential
SingularityDAO’s innovative use of AI in DeFi makes SDAO a compelling investment for those looking at the intersection of AI and finance.
8. Velas (VLX)
Velas is an AI-powered blockchain that aims to enhance scalability and security. The VLX token is used for transactions and staking within the network. It is one of the top 10 AI cryptocurrencies to buy in 2024.
Key Features
AI-Powered Blockchain: Enhances performance and security.
High Throughput: Capable of processing thousands of transactions per second.
EVM Compatibility: Supports Ethereum-based applications.
Investment Potential
Velas’ focus on leveraging AI to improve blockchain performance provides strong growth potential for VLX.
9. Matrix AI Network (MAN)
Matrix AI Network integrates AI technology to optimize blockchain operations. The MAN token powers its ecosystem.
Key Features
AI Optimization: Enhances blockchain efficiency and speed.
Smart Contracts: AIpowered smart contract generation and execution.
Security: AI-driven security measures.
Investment Potential
Matrix AI Network’s innovative use of AI to improve blockchain technology makes MAN a promising investment.
10. SingularityX (SNGX)
SingularityX is a platform that combines AI with decentralized finance to offer advanced trading solutions. SNGX is the native token used within its ecosystem.
Key Features
AI Trading Bots: Automated trading strategies powered by AI.
Decentralized Exchange: Offers secure and transparent trading.
Yield Farming: Opportunities for passive income.
Investment Potential
SingularityX’s combination of AI and DeFi presents a unique value proposition, making SNGX a noteworthy investment for 2024.
Conclusion
The use of artificial intelligence along with the use of blockchain technology is giving rise to new paradigms of creating and investing. As mentioned earlier, each of the leading 10 AI cryptocurrencies also has specific features that make them potentially attractive for investments in 2024.
As it is in all forms of investment, significant research should be conducted, and the dynamics of these tokens after the purchase should be considered along with the risks involved. It is seemingly bright for the future of AI in the cryptocurrency market and these are the initiatives paving the way to these fascinating frontiers.
