Buying up Polkadot (DOT) is one of the good crypto investments you can make today as prices surge across the cryptocurrency space. DOT has grown 21% in the past month and it has substantial long-term growth potential thanks to its protocol allowing for the transfer of data and assets.
Polkadot is one of the cryptocurrencies that serve as the infrastructure for Web3, a decentralized internet of blockchains.
As impressive as Polkadot’s 2024 growth has been, it isn’t the only cryptocurrency that’s focused on artificial intelligence (AI) that’s expected to enjoy exponential price surges this year.
Top Five AI Altcoins That Are Poised to Outperform Polkadot in 2023
Wondering which crypto to buy right now? Here are five altcoins that could outgrow Polkadot in 2024:
1. InQubeta (QUBE)
Investors can’t seem to get enough of InQubeta these days as its presale has now raised over $10.5 million in QUBE sales. The emerging crypto was one of the best DeFi projects launched in 2023, and it has outperformed Polkadot in the past 12 months. QUBE has earned those who invested during the presale’s beta stage 250% returns on their capital while DOT investors have only earned 21%.
InQubeta takes on mainstream investment avenues by offering easier access to investment opportunities in artificial intelligence. The crowdfunding project intends to serve as an alternative to traditional investing avenues by giving investors a more accessible alternative. Many investing firms have requirements that disqualify many from using their services.
AI startups get funding from investors in the InQubeta ecosystem by developing and selling non-fungible tokens (NFTs). The tokens symbolize equity or reward-based investment opportunities. Both parties connect on InQubeta’s marketplace where NFTs can be sold and bought. QUBE prices are expected to grow as much as 10,000% once launched, making it the best crypto to invest in right now.
2. Injective (INJ)
Injective’s blockchain was designed to provide decentralized finance services. It was the top-performing AI crypto in 2023, earning 896% returns. Its rapid growth is credited to its fast-expanding user base who flock to the wide range of financial services it offers from spot exchanges to lending protocols.
Injective aims to compete with the top centralized exchanges, and it could grow as much as 2,000%.
3. Render (RNDR)
Render is another top crypto to buy right now as its prices have grown 83% in the past month. Its network is a distributed graphics processing unit rendering ecosystem that empowers miners to rent out their unused processing capabilities.
Render prices have surged by 375% in the past year and its future looks bright. Some analysts have its prices growing as much as 600% in 2024.
4. Fetch.ai (FET)
Founded in 2019, Fetch.ai is a decentralized machine-learning network that’s powered by its native FET. It aims to make AI technology more accessible by providing a network anyone can connect to and use to launch automated bots to execute various tasks. These bots can be used to perform tasks like finding deals on items or capitalizing on price differences between cryptocurrency exchanges.
Fetch.ai’s utility positions it for exponential growth this year as its user base expands. Its AI bots can be used for a wide range of tasks like energy grid management, managing transportation networks, and automating DeFi trading services.
5. The Graph (GRT)
The Graph runs a protocol that allows users to query blockchains like the IPFS, POA, and the Ethereum network, powering various Web 3 services and decentralized finance applications. Anyone can create and launch APIs on its ecosystem and use them to retrieve data from compatible blockchains.
Prices have surged 76% in the past month and analysts expect this trend to continue for most of the year.
Summary
The five altcoins on our list are some of the best cryptocurrencies to invest in this year. AI cryptos are expected to be the top performers in the cryptocurrency space as investments in artificial intelligence grow exponentially.