Artificial intelligence has been rapidly adopted in the crypto money market, as it is all over the world. Artificial intelligence coins and tokens combine AI technology with Blockchain technology, resulting in a decentralized ecosystem open to everyone.
Why are AI coins important?
The world is filled with huge amounts of data that make it almost impossible for a person to review all this information. Artificial intelligence can easily filter all the unwanted data on the internet and provide the users with the best information. AI technology has the ability to learn new information and data.
Cryptos also use another revolutionary technology. Blockchain technology has opened up markets and created a trustless link between individuals, reducing industries’ control over various sectors.
ChatGPT is scary good. We are not far from dangerously strong AI.
— Elon Musk (@elonmusk) December 3, 2022
AI coins started a new digital revolution by combining the features of these two technologies. This technological marvel has spread to various industries, demonstrating the benefits of these highly advanced cryptocurrencies. In the continuation of the article, let’s list 10 artificial intelligence coin projects that can make sharp price movements in the coming periods from the list of AI coin follower analyst Tobith Tom.
Top 10 AI coins to follow in 2023
The Graph (GRT)
Defining itself as a decentralized query protocol for Blockchains, Graph allows you to easily build Dapps on Ethereum and IPFS using GraphQL APIs. It aims to improve the overall Web3 experience by making it better than existing centralized alternatives.
It also allows anyone to create and publish APIs called subgraphs. Currently there are more than 3000 subgraphs distributed by developers.
According to CoinMarketCaps ranking, GRT is among the top 50 cryptocurrencies by market capitalization. It represents the first place in the artificial intelligence coin category.
SingularityNET (AGIX)
Claiming to be the next generation of AI, SingularityNET aims to create a decentralized, democratic, inclusive and useful Artificial General Intelligence (AGI). Thanks to blockchain technology, it aims for anyone to easily create, share and monetize AI services.
Some of SingularityNET’s side technologies are Artificial Intelligence, Artificial Intelligence Marketplace, Artificial Intelligence Publisher, Artificial Intelligence – Domain Specific Language (DSL), AGIX Token Tools and AGIX Staking & Bridge. One of their long-term projects, OpenCog Hyperon, expects a much faster, scalable and more flexible design that makes it easy to learn and use.
8/ We have arrived at the stage where OpenCog Hyperon is mature enough to yield societal and economic benefits. We are currently exploring and evaluating it in several application areas, including longevity genomics, and control of humanoid avatars and robots.
— SingularityNET (@SingularityNET) March 10, 2023
AGIX, the native token of SingularityNET, plays a vital role in the ecosystem. AGIX is described as a utility token used on their platform for transaction management and community management. It is also a multi-token used across multiple networks like AGIX, Ethereum, and Cardano, similar to many cryptocurrencies. As you follow on Kriptokoin.com, it gained more than 30% with a tweet from Elon Musk yesterday.
Render Token (RNDR)
Render Token was founded by Jules Urbac with a mission to democratize GPU cloud rendering worldwide. This Blockchain acts as a hub to connect users who want to perform render jobs with people who have idle GPUs for rendering.
RNDR, an ERC-20, is used to pay for rendering, which can be manual or automatic. RNDR has been rising in recent days and has made its last 7 days gains above 20%. It is trading over $1 at the time of writing.
Fetch.ai (FET)
Fetch.ai, the third largest artificial intelligence coin project in its market, is a cross-chain protocol based on Cosmos-SDK. This AI project also adopted a high-performance WASM-based smart contract language called CosmWasm.
Fetch.ai describes itself as a layer-1 network for Ethereum. It also acts as a cross-chain bridge to the rest of the bockchain world. The native token of the AI crypto project vital to its ecosystem, FET is used as the primary medium of exchange to pay for transactions on its network.
The Oasis Network (ROSE)
Designed for developers, Oasis Network focuses entirely on providing a layer of privacy to Web3. This network adds privacy to existing dApps on any EVM network with its easy-to-integrate, UX-friendly Oasis Privacy Layer.
At the beginning of the new year, there was a great demand for artificial intelligence. However, artificial intelligence can be risky if it provides biased information and violates users’ privacy. To ensure AI systems are secure and ethical, Oasis plans to use its privacy infrastructure to address possible AI privacy challenges.
Oasis Network’s native token, ROSE, can be used to transact, stake and authorize on the network. ROSE is currently trading at $0.060771. It has gained more than 15% since last week.
Injective (INJ)
As a Layer 1 Blockchain, Injective was designed primarily for DeFi applications and provides a “plug and play” financial infrastructure. Injective claims to be the first Blockchain to offer automatically executed smart contracts by integrating AI into their systems. The automation feature will allow users to easily launch dApps with Injective’s CosmWasm smart contract layer.
Some of their notable dApps include Helix, Frontrunner, and Artoport. Helix and Astroport are an Orderbook Exchange and an AMM exchange, respectively. Meanwhile, Frontrunner is a prediction platform that allows users to buy and sell shares of teams and athletes with crypto.
Additionally, Injective is managed by a global DAO community through the INJ token. Its price is currently trading at $4.26. Here is the performance in different timeframes:
Ocean Protocol (OCEAN)
Ocean Protocol, an emerging AI coin, recognizing the importance of data says its mission is to expose data to the public, thereby reducing the monopolistic control of organizations in the data and AI sector. Ocean Protocol can unlock the value of data by allowing transactions to occur with ERC-20 smart contract tokens.
Ocean Protocol provides open access to data, offers data management, supports the growth of the network and ensures that every step is a journey towards decentralization. Ocean Protocol’s utility token, OCEAN, allows users to buy and sell data, share on data for curation.
The AI coin project also gives publishers a chance to win rewards when they publish datasets on the network. It also allows consumers to capture hard-to-find datasets.
Exec RLC (RLC)
With the idea of creating the next generation internet, iExec RLC focuses on bridging the gap between resource providers and users. This AI coin project also combines the powers of Blockchain and confidential computing to create a productive environment for Developers, Providers and Requesters. In the iExec RLC environment, Blockchain creates a marketplace where people earn rewards through computing power, applications, and datasets.
iExec RLC allows Dapps to easily access servers, datasets and computing resources over the network. It also supports a Virtual Cloud Infrastructure that provides high-performance computing services on demand. The RLC token is used as a conduit to execute transactions and allows users to access computing assets through RLC exchange.
Artificial Liquid Intelligence (ALI)
Powered by Althea, one of the largest AI coin projects, ALI serves as the management token for its platform, allowing token holders to participate in decision-making that affects the platform. ALI also opens the doors to Althea AI’s innovative world of innovation, allowing user access in different projects.
Also, Althea has been named by Business Insider as OpenAI’s upcoming competitor. Althea is famous for being the birthplace of Dapps like Noah’s Ark and CharacterGPT. This artificial intelligence coin project, self-proclaimed as the “world’s first Intelligent Metaverse”, has developed an opportunity for innovative interaction by combining the features of the artificial intelligence protocol, enabling users to create intelligent NFTs (iNFTs).
Numeraire (NMR)
Founded in 2015 by Richard Craib, Numeraire is an Ethereum-based ecosystem that allows developers and data scientists to showcase machine learning models with enhanced reliability. The website mentions the project as the first hedge fund to launch crypto and use machine learning in its investment strategy, primarily based on data and predictions generated by participants in the Numerai Tournament.
Nurmeraire’s strategy hopes to make NMR more valuable as more people join the tournament. Another reason Numeraire’s approach to stock trading is unique is that they rely most heavily on AI-generated data forecasting, which gives them an extra edge in the market.
A look at the future of artificial intelligence coin and crypto world
While some AI coins are used as a core component to take advantage of the network, other projects have combined the power of the two advanced technologies to mitigate the risks facing the community.
For example, if a person wants to search for some information, he has to find it with available resources such as the internet. This can take a lot of time as there is so much information on the internet and they have to look for the right data. Meanwhile, if they use an AI like ChatGPT, all they have to do is type the question and the machine saves time by filtering out all the unwanted data and choosing the most valuable answer.
While the above example provides only an idea of use in the new world, in reality the artificial intelligence coin universe is vast. Artificial Intelligence started with a simple idea; But his transformation was fast. With the flexibility of AI and the decentralization of cryptos, this could spread to various industries in the coming years. In other words, AI and cryptocurrencies will witness a sudden growth and transformation in the near future.
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