Key Insights
- The market crashed harshly in February of this year, after Bitcoin took a nosedive.
- AI crypto has gained popularity over the years as a transformative tech niche.
- This means that this sector could lead the incoming recovery.
- Some of the best cryptocurrencies to watch in this space include Render, AGIX, FET, INJ and many more.
- The February dip could be a great buy-the-dip opportunity for investors looking to capitalize.
The rise of AI has fueled growth in many sectors, and crypto is no exception.
AI crypto has become more and more popular over the years, especially as the race for artificial intelligence continues to intensify.
The best part about these projects is that they combine blockchain technology with AI to make for more efficiency.
Here are some of the top AI cryptos that seem the most poised to make waves in March.
1. Near Protocol (NEAR)
This protocol is one of the best AI-powered Layer-1 blockchains. It provides cloud computing services to its users with the power of blockchain technology and was created with efficiency in mind.
The network and its native $NEAR cryptocurrency are designed to solve common blockchain issues like slow transaction speeds and low interoperability.
This alone makes NEAR a major competitor.
NEAR will always have an important role to play in the AI crypto space, due to its strong foundations.
The AI crypto has a current price of $3.27 and is showing strong signs of recovery after the market crash in late February.
It also went down by around 30% throughout the entire month, indicating that it has a great “buy the dip” opportunity.
2. Render (RENDR)
Render is arguably the best protocol for decentralized GPU rendering (as its name implies).
This token is one of the most promising AI projects by far, as it is now being used in many sectors like AI, gaming, Virtual reality and many more—all sectors with heavy GPU demand.
The network allows users with excess GPU power to rent out their resources in exchange for its native $RENDER token and could be set for some bullish action in March/.
Render’s price crashed by a staggering 35% in February, which means that it still has a lot of room to move up, considering the market-wide recovery.
The AI crypto has a current price of $3.84 and could be set to retake its February high of around $5.
3. The Internet Computer (ICP)
Internet Computer is similar to the Near Protocol in that it is a decentralized cloud computing solution.
This service is a next-generation protocol that was specifically designed to be scalable. It employs its Chain Key Cryptography to assure users of fast transactions across the network.
It supports the best smart contract services in the space and is a great choice for many AI-driven applications.
The AI crypto has a current price of around $6.67 and crashed by around 29% in February—which is the mildest so far on this list.
However, like the others, Render does provide a great dip-buying opportunity and could be worth looking into.
4. Bittensor (TAO)
This protocol is focused on AI and machine learning alike. It encourages users to contribute their computer’s resources to its AI/ML models and offers rewards in its native $TAO token.
The way it runs helps it to improve by a wide margin and makes TAO one of the strongest AI contenders within the space.
Interestingly, Bittensor was launched fairly recently in 2023 and has surged by around 1,000% since then.
TAO currently trades at a price of $340 after crashing by around 25% in February. This means that if the market recovers strongly in March, the AI crypto could be poised to add another +$100 to its per-token price and hit its previous local high of $476.
5. Artificial Superintelligence Alliance (FET)
FET and the Artificial Superintelligence Alliance protocol are great at automation and other AI applications.
This protocol aims to create a blockchain-based AI network that users can access for a variety of applications like analytics, automation (as mentioned earlier), autonomous AIs, and so on.
The protocol has one of the widest use cases across sectors like finance, logistics, smart city development, and others.
This means that it has a solid chance of leading the AI crypto market when the recovery kicks into full gear.
FET has a current price of around $0.64 at the time of writing, and dipped by around 37% in february.
This makes it one of the hardest hit cryptocurrencies in the market downturn from late in the month, and could translate into quite an upside if we see a recovery.
6. SingularityNET (AGIX)
This protocol is very similar to an open AI marketplace for developers.
It allows builders to access or even make money from AI models and services and is one of the AI crypto OGs.
The protocol is great for developers who want to build and sell AI-powered services using its native AGIX tokens.
SingularityNET is also used across sectors like biotech, finance, gaming, and more.
The AI crypto has a current price of around $0.28 and is quite sluggish so far in its recovery attempts.
It also crashed by around 40% in February, which means that a break above its psychological $0.3 resistance could trigger a rapid surge towards its previous local high around $0.38.
7. Injective (INJ)
Injective is great (and optimized) for AI-powered defi and cross-chain trading. It is built on the Cosmos SDK and provides its users with ultra-fast transactions and zero gas fees.
The cryptocurrency has a current price of around $12.9 and is slightly sluggish like AGIX.
However, it is down by around 35% throughout February and could be in for quite a comeback if the market recovers as expected.
Which AI Crypto Coins Should You Watch?
Overall, AI and blockchain technology are two of the most transformative technologies of our time.
The projects mentioned above are great examples of cryptos expected to shine during this month.
The February dip also presents a great opportunity for users, traders, investors, and developers alike to get in and position themselves for the next recovery phase.
