The long-anticipated Bitcoin (BTC) bull run is finally here as prices have grown by over 50% in the past month. BTC is now trading above $60,000 for the first time and some analysts expect a new historic high to be set within a week.
Exchange-traded funds that fulfilled the US Securities and Exchange Commission’s ETF acceptance criteria being launched and its halving event that’s scheduled to occur in April are the main factors driving Bitcoin’s current run.
The nine best AI altcoins to invest in this year
Bitcoin’s breakouts often lead to many other altcoins doing the same. Cryptocurrencies that help to advance artificial intelligence (AI) are expected to be one of the biggest beneficiaries of the Bitcoin boom thanks to increasing investments in the technology and the ever-growing role it plays in our lives.
Here are nine AI-focused altcoins that are expected to enjoy exponential growth in 2024:
1. InQubeta (QUBE)
InQubeta is an emerging crypto that plans to give investors easier access to AI investments. Its investment space will provide an alternative to mainstream investment firms. It connects AI startups and investors on its NFT marketplace where investors acquire equity and other rewards from startups by buying non-fungible tokens made by these firms on InQubeta’s blockchain.
InQubeta could be one of the top DeFi projects to invest in this year with some growth projections expecting as much as 10,000% returns. Its presale has already raised $10.6 million, making it one of the top ICOs going on right now.
2. Injective (INJ)
Injective is another top DeFi coin that’s expected to enjoy substantial growth in 2024. It grew by over 900% in 2023 and it’s expected to surpass those numbers this year thanks to the cryptocurrency boom.
3. Render (RNDR)
Render is the first cryptocurrency platform to enable miners to rent out any unused graphic processing units they have by connecting them with people who need more computing power on its blockchain. RNDR prices have risen by over 82% in the last 30 days.
4. Bittensor (TAO)
Bittensor provides an ecosystem where machine learning models collaborate and earn rewards for the information value they offer the ecosystem. It’s also creating a marketplace where users can test and purchase AI services directly from their developers. TAO prices have surged by over 79% in the past month.
5. The Graph (GRT)
GRT prices have surged 80% in the past month. The Graph is an indexing protocol that is used to retrieve and store blockchain data from networks like Ethereum (ETH), allowing for the creation of more capable smart contracts and Web 3 infrastructure.
6. Fetch.ai (FET)
Fetch.ai’s ecosystem gives its users access to automated bots that can perform various tasks and tap into large volumes of data. Bill Gates, a co-founder of Microsoft, believes such products will start to reshape industries in the next couple of years. Fetch.ai is leading the other AI-cryptos this month with its 135% price surge.
7. Ocean Protocol (OCEAN)
OCEAN prices have surged 88% in the past week as BTC prices approach historic highs. Its fast-growing user base is the main factor driving its growth as it allows anyone to monetize their data on its marketplace.
8. SingularityNET (AGIX)
AGIX has been one of the biggest winners in the artificial intelligence crypto space for the past 30 days with its impressive 162% price surge. Its ecosystem empowers users to create and monetize AI services.
9. Arkham (ARKM)
Arkham provides a platform that uses artificial intelligence to analyze blockchains and deanonymize on-chain data. ARKM prices have grown an impressive 284% in the past month and it appears the party’s just getting started.
Summary
Look no further than the AI cryptos on our list if you’re trying to determine which cryptos to invest in. InQubeta is projected to be the fastest-growing AI cryptocurrency in 2024, with some analysts expecting as much as 10,000% growth.