Artificial intelligence (AI) and big data coin projects are rallying amid the sudden interest in AI chatbots. While Google introduced the Bard bot, Microsoft relaunched the Bing search engine with built-in ChatGPT. Meanwhile, analysts continue to identify the most prominent coins. Here are the details…
Artificial intelligence coin projects are on the rise
Cryptoassets in artificial intelligence and big data have made the leap. Big Data Protocol (BDP), the native token of an emerging decentralized data marketplace, is trading around $0.48, with a 1,400 percent rally last week, according to data from CoinGecko. This is followed by artificial intelligence-focused tokens such as SingularityDAO (SDAO) and SingularityNET (AGIX), which earn between 170% and 200%. Fetch.ai (FET), Measurable Data Token (MDT), Matrix AI Network (MAN), Deep Brain Chain (DBC), Oraichain (ORAI), and Vectorspace AI (VXV) have been some of the other notable winners in the AI and data space.
Recent excitement about text and rendering models like ChatGPT, StableDiffusion, and DALL-E has ignited speculative rallies for crypto projects operating in the niche. Most of the projects offer blockchain-based data analytics and a distributed infrastructure to support decentralized AI and data science models. SingularityNET provides incentives for individuals to contribute data that improves custom AI models, for example. Users are then compensated with tokens. Projects like DeepBrain Chain allow users to contribute data and processing power in a distribution network, reducing the cost of training AI models.
What are the five AI coins to watch out for?
Meanwhile, analysts point to AI tokens that will stand out for their significant profit potential. These are as follows:
Fetch.ai (FET)
Fetch.ai is a blockchain and artificial intelligence project aimed at building a decentralized economy. In other words, Fetch.ai is creating a decentralized network of many autonomous agents speaking for themselves and for other people. FET price is currently hovering around $0.5109. Its circulating supply is about 818,912,300 FETs and the token has increased by about 91.23 percent over the past seven days.
The Graph (GRT)
The Graph compiles information from many Blockchains so that smart contracts can be developed. It is done to provide information and enable querying on the Ethereum network. The current price of GRT is $0.1855, with a market cap of $1,629,144,258. At the same time, the circulating supply is about 8,781,545,104 GRT.
SingularityNET (AGIX)
SingularityNET is a decentralized platform for AI services and developers to create, share and monetize AI services. SingularityNET is currently trading around $0.511, with a daily trading volume of $459,504,579. At the time of this writing, AGIX has increased by about 199.87 percent over the past seven days.
Big Data Protocol (BDP)
Big Data Protocol is a platform that uses the DeFi protocol and the Web3 marketplace to receive commercial data from professional data providers, tokenize and liquidate on Uniswap. The current price of Big Data Protocol is $0.641711 with a one-day trading volume of $15,082,506. It currently holds the 526th place by market cap, making it one of the best AI crypto tokens and projects to invest in in 2023 with huge growth potential, according to analysts.
Ocean Protocol (OCEAN)
Ocean Protocol is a decentralized platform built on blockchain technology and uses smart contracts to enable secure and transparent data transactions. It enables the creation of a more collaborative and efficient AI ecosystem. OCEAN is currently trading around $0.5178 with 24-hour trading volume of $163,665,929. According to CMC, the token has increased by about 52.84 percent in a week.
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