Key Insights
- The AI and crypto niches are two of the biggest tech spaces of our time.
- This integration is already offering several advantages to the world today, including investments, analytics, and lots more.
- Some of the best cryptocurrencies to invest in within the space include FET, Render, The Graph, and Cortex.
- Before investing, ensure to do your own research and have an idea of how much risk you can take.
- This niche has its own risks, but its growth potential is undeniable.
AI and crypto are two of the biggest tech niches of our time.
While both of these areas of technology are already revolutionizing industries on their own, they can be major game changers when combined.
Here are some of the best of these mergers in the crypto space for you to watch out for as an investor, as well as why they are gaining traction.
Why AI and Crypto Are a Perfect Match?
The integration between AI and blockchain is already offering several advantages to the world today.
For example, AI is actively being used to automate tasks and optimize blockchain processes.
This makes transactions faster and more reliable than ever before.
AI-driven algorithms can also be used to detect fraudulent activity and help to prevent cyberattacks and scams before they happen.
Similarly, AI can contribute towards the development of more powerful Dapps that run on machine learning.
Top AI Cryptocurrencies to Watch
In terms of some of the best AI and crypto tokens to watch in the investment space, some of the most popular include:
1. Artificial SuperIntelligence Alliance (FET)
The Artificial Superintelligence Alliance (or ASI) stands out in the crypto space because of its focus on creating an open, decentralized network for AI-powered autonomous agents.
These agents are now extensively being used to perform tasks like data sharing and supply-chain optimization, along with automating other financial processes.
ASI uses artificial intelligence to improve economic transactions, even outside the crypto space.
It has strong real-world applications in niches like finance, logistics, and even smart cities, which will become more and more popular over the years.
This project was created from a merger between the Fetch.ai, Ocean, and Singularity NET protocols to form a more powerful network.
Its native cryptocurrency, FET, currently trades at around $0.5 and has a lot of ground to cover before hitting its $3.5 all-time high once again.
This makes it a strong investment with growth potential.
2. The Graph (GRT)
The Graph is a defi protocol just like FET, which allows developers to easily query blockchain data.
It serves as one of the biggest search engines for blockchain transactions, and makes it easier for these Dapps to access the information they need in a more structured manner.
The Graph stands out because of these features—making blockchain data more accessible for purposes like AI-driven analytics.
It supports the development of Dapps by simplifying the process of data retrieval and is therefore perfect for defi, gaming, and even social media.
The Graph trades at around $0.0195 at the time of writing, and presents a strong case for a rally to its all-time high of nearly $3.
3. Render Network (RNDR)
Render is another strong contender within the AI space, especially with its focus on creating a decentralized GPU rendering network.
It is responsible for connecting artists and studios who need rendering power with those who have idle GPUs.
This protocol uses blockchain technology to distribute these rendering tasks across a global network of GPU providers.
In essence, GPU rendering becomes a lot more efficient and accessible.
This cryptocurrency is already being used across industries like movie and animation making, gaming, 3D rendering, and so much more.
This is without mentioning its many use cases in metaverse content creation and AI model training.
Render trades at a current price of around $3, and presents a similar buying opportunity for investors who wish to ride the wave towards its previous all-time high around $13.
4. Cortex (CTXC)
This is a blockchain platform that allows AI models to run directly on-chain. It allows developers to integrate AI-powered solutions directly into smart contracts.
Cortex therefore makes decentralized applications more intelligent.
The protocol is so popular, because it supports AI inference on blockchain networks.
It also provides an open ecosystem for deploying machine learning models and aims to make AI development a lot more accessible and decentralized among users.
At the time of writing, the cryptocurrency trades at around $0.1389, according to data from CoinMarketCap.
Like many of the others, it presents a clear rally towards its previous all-time high of around $2.41.
What Should You Know Before Buying AI Cryptos?
Investing in cryptocurrencies within the AI space can be exciting. This is because aside from their growth potential, these cryptocurrencies have strong use cases.
However, before jumping all the way in, it is important to conduct proper research.
Consider knowing everything you can about the project’s fundamentals, including the team, vision, and technology behind the project.
Also analyze things like market trends, adoption rates, partnerships—as well as the general crypto market’s performance.
Also, make sure to know how much risk you can tolerate before investing, as cryptos can be very risky as investments.
Overall, the AI crypto space is still in its early stages. However, its growth potential is undeniable.
