Pegged to grow at a CAGR of around 36.8% over the next six years, the artificial intelligence (AI) sector is brimming with possibilities. When it comes to the cryptocurrency sector, AI has spawned new avenues with solutions that can drive financial inclusion among the masses. The pivotal benefits of combining the two technologies include greater scalability, security, and unbridled innovation.
As AI evolves, it has been transforming trading strategies, security measures, and market analysis. According to blockchain research firm Messari, the market cap of crypto assets directly leveraging AI stands at around $772 million.
The huge growth potential of these projects is also evident in the latest prediction of analysts. The crypto market recently saw a wave of change following the debut of crypto exchange-traded funds (ETFs) in the US.
Though these financial products have attracted record investor inflows, concerns about the legal aspects of BTC ETFs continue. Amid the lack of regulatory clarity for the next round of ETFs, AI altcoins are emerging as future-looking assets.
As per several market experts, AI-centric coins like InQubeta (QUBE), the Render Network (RNDR), SingularityNET (AGIX), Fetch.ai (FET), and OriginTrail (TRAC) are poised to make big gains in the coming months.
If you want to know if these tokens are worth the hype, read along to find a brief description of their crucial features.
1. InQubeta: Driving impact with crypto-led fundraising
InQubeta is a fundraising platform for startups exploring future-ready solutions with AI. The portal has ushered in a new era for AI-driven projects as it democratizes startup investments and lets individuals participate without requiring big budgets.
Any crypto user can invest in an AI project floated by a startup. The first step in this direction is to acquire InQubeta’s native cryptocurrency, the QUBE token, and the only mode of payment within its ecosystem.
People can find these projects at InQubeta’s online marketplace where the tokenized versions of these projects are sold. Users can either buy the whole NFT or a fraction of it. In exchange for the investment, startups allow crypto users to hold equity in their firms.
Apart from facilitating seamless investment in AI innovation, the QUBE token has several inherent properties that make it a good crypto to buy. Being an ERC-20 coin, it sports a secure framework and can be relegated to multiple uses.
Though its supply is capped at 1.5 billion, only 65% is meant for sale, the rest is used for meeting operational expenses like marketing campaigns, giving out staking rewards, and paying legal fees.
Those interested in exploring its USPs can purchase the token on presale. So far, its cryptocurrency ICO has gained more than $11 million.
Owners who are risk-verse can opt to stake their QUBE tokens in liquidity pools and pitch in to secure the network. For as long as the asset is staked, the holders will learn cryptocurrencies as rewards.
This top ICO maintains a reserve by collecting tax proceeds to sustain its staking service. These taxes are collected every time a QUBE token is sold or purchased.
The QUBE token’s rise in the industry is supported as a deflationary asset. The feature gives it an edge as it can sail smoothly even when markets are on shaky ground. The model restricts the token supply under volatile conditions or when inflation is high.
As the asset becomes scarcer, price fluctuations are minimized and its demand rises. The balance helps the asset to trade at optimal prices despite the turbulence around it.
InQubeta has earned praise for its decentralized governance where token holders help in making cogent decisions for the platform.
Armed with voting privileges, token holders participate in processes where proposals for changes or protocol upgrades are put to a vote. The mechanism allows different opinions to be aired that highlight the pros and cons of a decision.
AI startups can also take advantage of the marketing services offered by InQubeta’s platform to rapidly scale their services during the initial period of growth.
2. Render Network partner io.net raises Series A funding
The Render Network is a decentralized network where artists and studios can find GPU rendering units for hire. Rated as one of the best altcoins of 2024, the AI-driven platform facilitates high-quality rendering services for 3D art and a seamless payment structure through its native token RNDR.
Till the time a rendering job is completed, the payment is locked in an escrow and released only after the work is approved by the commissioning artist or studio.
In 2023, the network migrated to the Solana blockchain from Ethereum, as part of attempts to cut down transaction costs and cash in on the latter’s capabilities. With the migration, Solana plans to explore rolling out features like real-time streaming, NFTs, and integrating machine learning-based applications into its network.
Over the years, the Render Network has forged multiple partnerships which have added to its expertise and global reach. One of its collaborations in 2023 was with io.net. The collaboration strives to help the two platforms expand their Decentralized Physical Infrastructure Network (DePIN).
Recently, io.net was in the news after it raised Series A funding. Posting about the news on X, the Render Network’s founder Jules Urbach said his team was looking forward to building the future of AI along with io.net as compute partners.
3. SingularityNET releases AI strategy for 2024
If you are looking to tap into the power of AI-led DeFi solutions, SingularityNET is a top crypto to invest in. The platform strives to promote innovation in the artificial general intelligence (AGI) space.
Its key offering is its AI marketplace and AI publisher where crypto users can create, manage, and monetize a range of AI-based services and earn passive income.
Users choose from an array of AI algorithms and then integrate them into different applications. Using SingularityNET’s AI publisher, they can deploy, customize, and manage new services. For all transactions and payments using these tools, people would have to use the platform’s native token AGIX.
The month of February was eventful for the platform as it unlocked multiple achievements and underwent upgrades. The most notable of them was its roadmap report which highlighted SingularityNet’s AI strategy.
According to the report, the roadmap emphasized improvements for scalability, the Internet of knowledge, driving adoption and integrations with other decentralized systems. The upgrades included a revamped marketplace, better listening capabilities, and encrypted handling of messages.
4. Fetch.ai rolls out infrastructure program for developers
Fetch.ai is among the new altcoins that have been driving impact with AI-based frameworks. Using the platform, crypto users build and deploy AI services.
Users can monetize dApps on its AI marketplace. The transactions are conducted with Fetch.ai’s native token FET, which is the official mode of payment within its ecosystem.
Developers can leverage Fetch.ai’s AI agents to transform their legacy systems. Fetch.ai’s solutions can make the job possible without any changes to APIs. Innovators can explore new possibilities with Fetch.ai’s AI agents which are modular and programmable blocks and can be used to perform tasks.
In a recent development, Fetch.ai announced that it would be launching an infrastructure program for developers for which it would allocate $100 million.
As part of the programme, Fetch.ai would deploy various models for GPU systems which developers can use for boosting their training and computing skills.
The program is called Fetch Compute and features Nvidia A100, H100, and H200 GPUs. According to the Fetch.ai team, the initiative will be funded by the platform’s ecosystem fund.
The team also stated that FET holders will be eligible for credits that can be used for GPU services on the network.
5. OriginTrail to be listed on BitGet
OriginTrail is a platform providing tools for building AI-powered knowledge assets. These assets can be leveraged for semantic search. The platform’s native token TRAC is used for all transactional uses on the platform.
AI is fast making inroads into the AI sector and by opting for TRAC, users can end all their concerns about which crypto to buy today for the long term.
It’s powered by the Polkadot blockchain which ensures seamless scalability for the knowledge economy. The platform offers new-age solutions like NeuroWeb and a decentralized knowledge graph which helps developers explore assets across industries.
With the decentralized knowledge graph, developers can mint NFTs, deploy centralized exchanges, and authenticate knowledge proofs.
The NeuroWeb helps in expanding the capabilities of the Decentralised Knowledge Graph. The three core areas of focus for the solution are usability, neutrality, and inclusiveness.
For decisions regarding protocol upgrades, the platform employs a decentralized governance structure.
The platform was recently in the news after leading exchange BitGet announced that it would be integrating the TRAC token into its network.
Conclusion
The rollout of spot ETFs in the US in January showed how innovation can bridge the gap between cryptocurrencies and mainstream finance.
The use of AI with blockchain clears the way for cutting-edge solutions that can ensure a greater degree of decentralization and monetization.
These five cryptocurrencies show how the combined effect of the two technologies can empower innovators and developers to explore new opportunities.
InQubeta (QUBE) is currently topping the list of recommended presales and the Render Network is among the favorite AI crypto of developers. SingularityNET and Fetch.ai are making it possible to ensure that AI-driven services are more accessible for developers and content creators.
As top crypto coins, these tokens sport top-notch DeFi features and user-friendly interfaces. Their solidly built security frameworks give crypto users the confidence to invest and be assured about the safety of their assets.
These coins also have analysts’ stamp of approval because of their growth potential which makes them an ideal choice for long-term investments.
Even though the cryptocurrency market is an exciting place to explore, it’s always advisable that people research a token well before buying it. The due diligence done ahead of purchase can help spot potential risks and take steps accordingly.
