The year 2024 has been tagged the year of the bull. According to crypto news, it is a year expected to begin a bull run that will last for an appreciable time. With this expectation in mind, cryptocurrency investors, especially altcoin investors, seek the best tokens to invest in. The growing recognition and appreciation of AI tokens have made them a target for investors’ portfolios. Five AI tokens, namely Borroe Finance ($ROE), Render (RNDR), The Graph (GRT), Fetch.AI (FET), and SingularityNET (AGIX), have been recognized as the top AI tokens to HODL.
The AI Revolution and the Cryptocurrency Impact on the Industry
The artificial intelligence (AI) industry is explosive and is expected to show an annual growth rate (CAGR 2024-2030) of 15.83%. This expectation could lead to a market volume of US$738.80 billion by 2030.
On the other hand, cryptocurrency may be battling with regulation and adoption challenges; however, it is slowly gaining entrance into the mainstream. Also, following the coming onboard of the Bitcoin exchange-traded fund (ETF), it is expected that more onlookers will actively participate in the cryptocurrency ecosystem, many of them as traders, some as investors, and many more as holders. The unification of AI technology and blockchain and cryptocurrency technologies has led to many solutions, which have led to some AI crypto tokens, which are great options for crypto investors.
Looking at their crypto market cap, these tokens may not be the leading altcoins. Still, their project use cases and expert analysis have proven them worthy of the best investment portfolios. Let’s look at them individually, in no particular order.
Borroe Finance ($ROE)
Borroe Finance redefines borrowing for Web3 businesses. Its instant funding model gives the companies an alternative to traditional financing options where different challenges hinder Web3 creators from getting the best services.
By allowing Web3 creators to create non-fungible tokens (NFTs) as representatives of future recurrent incomes like subscriptions and royalties and selling them at a discount on the Borroe Finance marketplace, $ROE empowers Web3 businesses. These businesses can create upfront cash flow quickly and boost their business as soon as necessary.
With a team headed by Michael Price and Maxim Prishchepo and a successful smart contract audit by BlockAudit, Borroe Finance presents a project to back up and a token to be trusted.
At stage 4 of its presale, the Borroe Finance project has raised over $2.7 million and sold more than 229 million $ROE tokens. As of this writing, $ROE sold for $0.019 and will sell for $0.02 at the next presale stage.
SingularityNET (AGIX)
SingularityNET aims to create artificial general intelligence (AGI) with far-reaching capabilities. It is a decentralized AI marketplace leveraging blockchain technology to democratize access to AI services and provide users unrestricted access to algorithms and applications.
Founded in 2017 by Dr Ben Goertzel, AGIX is based on the smart contract blockchains – Ethereum (ETH) and Cardano (ADA). ERC-20 AGIX is used as a governance token for transactions and decentralized community governance within the SingularityNET platform. AGIX was formerly AGI, but following the hard fork to AGIX, the old AGI token is no longer traded. As of this writing, AGIX sold for $0.2799 and was up 2.4% in its 7-day price chart.
Render (RNDR)
Render strives to connect artists and studios in need of GPU computing. Artists who need to render media can scale to nearly unlimited GPUs on demand in a decentralized global network, thanks to RNDR.
As a project revolutionizing the digital creation process, Render is a leading provider of decentralized GPU-based rendering solutions. Render was built on the Ethereum blockchain, but the RNDR token has been busy in the past months as it moved to the Solana ecosystem and got new listings.
RNDR is a utility token used to pay for different rendering types – animation, motion graphics, and VFX rendering on the Render Network in exchange for GPUs. As of this writing, RNDR sold for $4.95, up 16.8% on its 7-day chart.
The Graph (GRT)
Sometimes referred to as the Google of blockchains, The Graph is a protocol that indexes and queries data stored on blockchains and uses AI to do for blockchains what Google did for the internet, thereby boosting web3 development.
The Graph is an open-source software hosted on the Ethereum blockchain. It collects data and organizes them into indices, making querying The Graph more efficient. The queries are made through decentralized applications (dapps). GRT is the utility token Consumers (users within The Graph) use to carry out processes and participate in The Graph. As of this writing, GRT sold for $0.1559, down 2.5% on its 7-day chart and up 0.4% in an hour.
Fetch.AI (FET)
Fetch.AI is a decentralized machine-learning platform for automating tasks. It is an AI-backed blockchain environment that allows users to create various innovative applications and services. It is an interchain protocol built for decentralized applications like asset trading and the gig economy.
Fetch.ai has its blockchain and uses FET as its native cryptocurrency, some of which are still on the Ethereum blockchain. After launching its V2 mainnet in April 2021, FET can be converted between ERC-20 and mainnet using an interchain bridge. The FET token is used as a payment method on the network. It is used to reward node operators and unlock operations on the network.
With these AI tokens, investors can be confident of a good placement in the 2024 crypto journey. The synergy between the cryptocurrency space and the AI industry promises an excellent future for both technologies.
Learn more about Borroe Finance ($ROE) here:
Visit Borroe Finance Presale | Join The Telegram Group | Follow Borroe Finance on Twitter
