Many top altcoins are closing out 2023 with a bang as prices rise across the cryptocurrency space. One important factor that has been driving the recent growth in the cryptocurrency space has been the substantial growth Bitcoin (BTC) has enjoyed in the past few months.
Many top altcoins are on course to enjoy even more growth in 2024 as BTC approaches its next halving event and the possibility of a spot ETF being approved by the US Securities and Exchange Commission (SEC) increases with each passing day. This article will explore five cryptocurrency projects linked to artificial intelligence (AI) that can bring you substantial returns in 2023.
Top 5 AI-focused altcoins to invest in
Here are five AI-focused projects you should consider investing in to earn substantial returns in 2024:
1. InQubeta (QUBE)
InQubeta has been one of the most popular topics in the cryptocurrency space ever since its presale started and for good reasons. The new DeFi project is the first to focus exclusively on artificial intelligence, and it aims to provide an alternative way to invest in the technology.
That’s good news for investors who might not have access to traditional investment channels due to not meeting their income requirements. InQubeta uses ERC20 coins and smart contracts to create an investment process that’s more open and efficient than mainstream options.
QUBE tokens have grown 175% in 2023, and it’s set for 60% more growth before tokens launch on exchanges. Its presale has raised over $7.1 million so far, defying expectations and some analysts believe its growth next year will be even more impressive.
2023 in general was a good year for companies focused on AI and InQubeta wasn’t an exception. The project’s future looks bright as over $1.5 trillion is projected to enter the AI space in the next several years. QUBE is currently priced at $0.01925 but prices could reach a dollar before 2024 comes to an end.
2. Fetch.ai (FET)
Fetch.ai is an AI lab that hosts a decentralized machine-learning network with its cryptocurrency economy. The project aims to democratize access to AI technology with its permissionless network, allowing users to access data sets with autonomous AI. The project is most known for its bots called digital twins that negotiate and perform transactions on behalf of users based on set parameters.
The project has enjoyed 682% growth in 2023 and its growth patterns are expected to continue in 2023 as BTC’s growth pushes prices up across the board.
3. Injective (INJ)
Injective is a DeFi-focused AI cryptocurrency project that uses the technology to provide a wide range of decentralized financial services from derivatives to spot exchanges. Its native INJ is used to cast governance votes and validate transactions on the blockchain.
The project is hosted on a high-performance blockchain that could someday rival the Ethereum network. Injective’s platform is also compatible with DeFi spaces launched on the Ethereum and Solana networks. INJ prices have grown a tremendous 2,500% in 2023.
4. The Graph (GRT)
The Graph provides an indexing and querying protocol that extracts data from blockchains much like search engines index and query data from websites. The Graph aims to organize data on blockchains into smaller subgraphs that are more manageable.
GRT prices have risen 170% this year and there’s a good chance it enjoys more growth in 2024.
5. Render (RNDR)
Render has emerged as one of the best coins to invest in as its prices have surged 883% this year. The project allows developers and artists to rent the computing power they need to render graphics from cryptocurrency miners who are looking to rent out their graphics processing units.
The massive influx of new users to the Render network sets it up for substantial growth in 2024.
Summary
RNDR, GRT, QUBE, INJ, and FET are some top altcoins to invest in right now as all five are poised for considerable price increases in 2024. InQubeta has the most growth potential thanks to the creative way it opens access to AI investment opportunities.
