Up until a few weeks ago, analysts had thought that Pepe coin had run out of ammunition. With a tepid price momentum, nobody was expecting the frog-themed token to skyrocket and become one of the top cryptos to invest in.
Inspired by Matt Furie’s famous character ‘Pepe’, the coin’s recent rally has uplifted the market and helped other tokens surge. On February 29, 2024, it reclaimed a market capitalization of $1 billion within 24 hours.
While Pepecoin’s price uptick has brought some cheer to the market, there is apprehension about the sustainability of its bull rally. Market experts instead are choosing to bet big on artificial intelligence-led altcoins which have been among the top-performing categories recently.
The combination of blockchain and AI can pave the way for benefits like higher scalability, flexibility, and efficiency.
For most analysts, their top picks include coins like InQubeta (QUBE), Render Network (RNDR), Singularity.Net (AGIX), Fetch.ai (FET), Akash Network (AKT) and Arkham (ARKT).
If you want to know if these tokens are worth the hype, here’s a description of their significant features.
1. InQubeta: Creating powerhouses of AI innovation
InQubeta brings various resources for business development together on a single platform and helps startups leverage them for growth. The Ethereum-based crypto project helps startups take their AI projects to the right audience while skillfully tackling the challenges of growing a business.
Experts are calling InQubeta a good crypto to buy as it opens up the AI startup investment space to the average person. It empowers them with its transparent model that has features like fractional investment. To access all such features, people need to acquire the platform’s native cryptocurrency, the QUBE token.
The token supply has an upper limit of 1.5 billion and 975 million of it is dedicated for presale. Despite this, you may not always find these coins in circulation as the QUBE token is a deflationary asset. In the case of deflationary altcoins, their supply is regulated according to market conditions to reduce price fluctuation.
Whenever the markets are tanking or facing inflationary pressure, the asset supply is tightened and the token’s availability is weakened. The mechanism cracks down on frequent price changes and keeps the asset value stable. Any addition to the supply is reversed by burning excess coins in circulation.
Analysts are interested in how the QUBE token fares in the future given that it has set an exciting precedent with its cryptocurrency ICO. InQubeta’s presale funding currently stands at $10.9 million.
InQubeta has created an NFT marketplace where startups and crypto users interact. The NFTs sold at the portal are minted from investment proposals submitted by companies.
Crypto users can take their time to peruse through different projects and then make a decision. These NFTs can only be bought with QUBE tokens.
To plan for the next phase of their journey, AI startups can leverage different business development services on InQubeta. They can tap into InQubeta’s network of professionals from the AI industry to guide them along. These veterans can mentor innovators to create impactful solutions and find the best product-market fit for them.
These budding companies can leverage the network to raise awareness about their project and boost their brand equity. To help startups with matters of finance, InQubeta has roped in a team of advisors with expertise in finance and accounting.
Apart from making it to their list of recommended presales, InQubeta has won over analysts with its decentralized governance structure. The structure spreads decision-making across the community of token holders, who get voting privileges to express their opinions.
Any proposal for a change in protocol, new feature, or product launch is put up for discussion and then a vote. The outcome of the process determines if the suggestion will be implemented.
The gatekeeping helps in keeping out unnecessary protocol upgrades and promotes cohesiveness among the community.
Crypto users can also stake their assets to support their passive income. The staked assets are used for confirmation of on-chain transactions and to improve liquidity levels. Their combined impact also advances the blockchain’s growth.
2. Render Network automates BME payments
Widely regarded as one of the best altcoins in the AI space, the Render Network connects art studios and artists with professionals offering GPU rendering services. The commissioning artist or studio can pay for the job with the platform’s native token, RNDR.
The AI-led platform ensures high-quality rendering of 3D art with multiple checks to avoid exploits. Until a commissioned piece is delivered, the payment is stored in an escrow and released only after the artist gives the go-ahead.
The Render Network has garnered global fame with its exclusive service. A part of the credit goes to its endeavors in making the platform more user-friendly.
It recently announced that it will be automating BME payments and setting up a real-time ticketing process for its users. The Render Network has also added a network dashboard to its interface.
3. Singularity.Net founder spills the beans on AGI
Singularity.Net is among the top crypto coins that users can find in the market today. The platform democratizes the AI space by giving innovators tools for customizing and monetizing their services.
It also provides a decentralized marketplace for selling these services. The native token is represented by the ticker symbol AGIX.
The portal comprises a collection of AI algorithms from different service providers. Users can integrate these algorithms with their services and publish them. There are tools for creating, customizing, and managing these services.
By developing an Artificial General Intelligence (AGI) ecosystem, the platform is helping introduce more sustainable and fair practices on a global scale. Still in its conceptual stage, AGI has the potential to create an AI system that could perform intellectual actions usually associated with human beings.
In a recent interaction, Singularity.Net founder Ben Goertzel spilled some beans on the project and said a prototype could go live next year. Goertzel stated that the AGI stands out as governments won’t be able to control it and it would be helpful for humans.
4. Fetch.ai announces partnership with Deutsche Telekom
As legal aspects of BTC ETFs raise concerns about the crypto market, Fetch.ai serves as a pacifier with the promise of AI. The decentralized platform offers developers new-age tools for creating dApps.
The open-source platform can be used for creating AI-powered economies. It helps in turning legacy systems into AI marketplaces without needing to change APIs. Its native token is FET and it’s used for various transactional purposes.
In a big boost for the telecom industry, Fetch.ai Foundation recently announced that Deutsche Telekom would be joining its network as a corporate partner. MMS, the telecom company’s subsidiary, would operate as a validator on the Fetch. ai network.
5. Coinbase adds Akash Network to its roadmap
The Akash Network is a decentralized cloud platform for hosting dApps and Web 3.0 solutions. The platform sports an orchestration layer that’s based on SDL. The code infrastructure can support seamless deployments with customizations in terms of pricing decisions and resources.
It’s powered by Kubernetes which paves the way for a sustainable and secure ecosystem for hosting dApps. By opting for its native token AKT, people won’t have to worry about which crypto to buy today for the long term.
The altcoin has left quite an impression on the crypto community with its massive potential. It was recently in the news after crypto exchange Coinbase added AKT to its roadmap. Though making it to the roadmap doesn’t necessarily mean being listed on the platform, there is a strong possibility that the Akash Network will attract future support from the exchange. The development came shortly after Bitrue announced that it would be integrating the Akash Network with its exchange.
6. Options data now live on Arkham
Arkham is a crypto intelligence platform that decodes anonymous blockchain data to harness analytical data. Usually, blockchain data is public and can be reviewed by a third party. The unprocessed data, however, is not of much use as long as it is anonymous.
Arkham helps in decoding the data and extracting insights about how a platform’s users tend to behave. The core of Arkham is Ultra, which is an AI-led engine for matching blockchain addresses. Using the tool, Arkham enables its users to generate analytical insights at scale.
The AI-led engine links blockchain addresses and entities to generate aggregate data and insights about user behavior, liquidity levels, and crypto markets. Its native token ARKM is used for all transactional purposes on the network.
The cryptocurrency is among the new altcoins that are exploring new avenues for AI in the DeFi space. In a recent development, Arkham made options data live on its interface. It has added six financial units for covering options data. These units can be accessed on Arkham’s dashboard.
People can track the data on their Bitcoin and Ethereum holdings on four crypto exchanges, across prices and expirations. The data available includes implied volatility, open interest, and volume.
Conclusion
These six cryptocurrencies are at the forefront of an AI-led revolution that’s sweeping the DeFi market. By giving developers the leeway to create next-generation Web 3.0 solutions, these coins are shaping the sector’s growth trajectory.
While ensuring higher gains, the tokens are also opening up the DeFi ecosystem to users from diverse backgrounds. One of the top ICOs of the year, InQubeta is assisting AI startups in implementing blockchain-powered business models.
The Render Network is adding a new dimension to GPU rendering services, while projects like Akash Network and Fetch.ai are promoting the deployment of AI-centric Web 3.0 solutions. Lastly, there are cryptocurrencies like Singularity.Net that give content creators a platform to monetize their AI services.
The ingenious innovation powering these cryptocurrencies can potentially lead them to new heights. Plus, other USPs like robust security frameworks and new-age code architecture can be the right choice to ace your crypto goals for 2024.