Best AI Crypto Coins That Are Trending Nowadays
AI cryptocurrencies, also known as AI tokens, are digital assets that support AI-based projects, applications, and services within the blockchain ecosystem. They play a pivotal role in facilitating transactions, enabling protocol governance, and coordinating the network of nodes. These tokens are often used as a medium of exchange within AI-powered platforms, allowing users to pay for services, access data, and participate in the platform’s activities.
AI cryptocurrencies are often associated with projects that leverage artificial intelligence and machine learning to enhance the security, efficiency, and functionality of their platforms. They can be used in various applications such as decentralized AI marketplaces, AI-powered trading algorithms, AI-driven decentralized autonomous organizations, and more.
Potential applications of AI crypto coins
These coins support AI-driven projects and can be used in different sectors such as finance, healthcare, and gaming. Here’s how AI crypto coins can be applied across these sectors.
AI crypto coins can revolutionize the financial sector by enabling smarter and more efficient trading strategies. Machine learning algorithms can analyze historical market data to identify patterns and generate predictive models for investment opportunities. AI can also be trained to detect illicit activities and analyze market trends, which can help in portfolio management and decentralized market predictions.
AI crypto coins can facilitate the secure and efficient sharing of medical records on the blockchain, ensuring data privacy and compliance with regulations like the Health Insurance Portability and Accountability Act (HIPAA). AI can help healthcare professionals access and analyze large quantities of data for better decision-making, service efficiency, and democratized healthcare.
In the gaming industry, AI crypto coins are being used to create diverse and versatile platforms. They can enhance the gaming experience by providing more intelligent and responsive gameplay. AI can also be used to manage in-game economies and create personalized experiences for players.
Popular AI Cryptocurrencies
Let’s take a look at some of the most popular AI cryptocurrencies and why they are so popular nowadays.
1. The Graph (GRT)
The Graph (GRT) is a decentralized protocol designed to index and query data from blockchains, making it easier for developers to build decentralized applications (dApps) by providing them with the necessary data in an efficient way.
The Graph allows for decentralized querying of blockchain data, which is essential for the development of dApps. It is often referred to as the “Google of Blockchains” because it enables the easy retrieval of information from blockchain networks.
GRT is an ERC-20 token, has a market capitalization of 1,768 billion, and serves as the native utility token within The Graph’s ecosystem. It is used to incentivize different participants in the network, such as indexers, curators, and delegators, who play a role in maintaining and securing the network.
The Graph has been trusted and used by many projects in the crypto world, including prominent platforms like Uniswap, Synthetix, and Balancer. It also raised $12 million from a public token sale, with additional funding from investors such as Coinbase Ventures, Digital Currency Group, and Framework Ventures.
2. Injective (INJ)
Injective (INJ) is a unique cryptocurrency that stands at the intersection of blockchain technology, decentralized finance (DeFi), and artificial intelligence (AI). It leverages artificial intelligence to enhance security, optimize trading strategies, and automate tasks within the blockchain ecosystem.
The Injective Chain is a layer-2 decentralized exchange and derivatives trading platform. It enables advanced trading tools like margins/leverage, using AI for optimized order execution, strategy testing, and predictive analytics.
INJ Incorporates a deflationary measure where 60% of the trading fees it accumulates are sold for INJ, then INJ is burned to deflate the token’s total supply. It also witnessed a remarkable surge in 2024, reaching a lifetime high of $45.01 on the 9th of January while keeping a price. Injective Protocol offers the benefit of no gas fees, which is a significant advantage over platforms like Ethereum that have high transaction costs. This feature is particularly attractive to users who are sensitive to transaction fees.
3. Oasis Network (ROSE)
Oasis Network is a privacy-first, high-performance cloud computing platform on the blockchain. It aims to enable privacy-preserving and open finance applications. It combines unique privacy features with high throughput and a secure architecture, making it ideal for private and scalable applications. That’s why the name ROSE was chosen as a symbol of privacy, as roses have historically represented secrecy.
ROSE token holders can participate in the decision-making process of the network, influencing its evolution by adding new functionalities or modifying system parameters. This democratic approach enhances the transparency and adaptability of the project.
The Oasis Network has established partnerships and is continually expanding its use cases. For instance, it has partnered with Anchorage for custody services and has developed the Oasis Parcel ecosystem, which includes applications in various sectors such as music streaming revenue estimation and cybersecurity through the CryptoSafe Alliance.
The primary use of the ROSE token is to fuel transactions, staking, and delegation on the Oasis Network. The token has a total supply of 10 billion, with an initial distribution aimed at backers in the network’s development.
4. Render (RNDR)
Launched in 2017, the Render Network is the first decentralized GPU rendering platform. It allows artists to scale GPU rendering work on-demand to high-performance GPU Nodes around the world. This network provides artists the ability to scale next-generation rendering work at a fraction of the cost and at orders of magnitude increases in speed when compared to the centralized GPU cloud.
It is a blockchain marketplace for idle GPU computing. Instead of using GPUs to mine currencies only, the network uses their intrinsic function to render and leverage the features of the blockchain: network, incentives, and trust.
In April 2023, the Render community overwhelmingly supported the migration of the protocol to the Solana blockchain. This migration was aimed at speeding up operations and making them more secure.
As of the beginning of January 2024, it hovers around the $4 mark, which is around 55% down from its all-time high achieved in November 2021 at $8.78, which shows strong resilience in the volatile crypto world.
5. Fetch.ai (FET)
Fetch.ai (FET) is an AI-backed blockchain environment that allows users to create a decentralized digital economy within a single ledger. It was created to connect devices and services to the Internet of Things, and also facilitates the involvement of other agents, such as people.
Fetch.ai’s technology is relevant for a multitude of industries, including decentralized finance, supply chain, transport and mobility, electric vehicle infrastructure, and train systems. The native token of Fetch.ai, FET, is used for registering on the network as the main payment method and to reward node operators. Users can stake FET coins for the opportunity to participate in the governance of the Fetch.ai network, earning interest at a variable rate of 10% per year.
The company has formed strategic partnerships with other AI-focused cryptocurrencies like SingularityNET to develop next-gen AI that is more accurate, transparent, and aligned with human values. It has also partnered with Bosch in 2023 to jointly explore the use of AI and Web3 technology.
Fetch.ai is ranked as the 3rd largest AI-focused cryptocurrency globally based on market capitalization according to CoinGecko. If it sustains its current growth trajectory, it could climb higher in the rankings.
Where to Buy AI Cryptocurrencies?
AI cryptocurrencies can be purchased from various cryptocurrency exchanges that support these digital assets. Some of the top exchanges where you can buy AI cryptocurrencies include Binance, Kraken, Kucoin, and Coinbase. Ensure the exchange you choose supports the AI cryptocurrency you want to buy and your country.
Before purchasing, it’s important to do your own research and understand the project behind the cryptocurrency. AI cryptocurrencies are typically used to power AI-driven platforms, decentralized AI marketplaces, predictive modeling, and other applications where AI’s computational power can provide a competitive edge.
How Can you store AI Cryptocurrencies?
You can store AI cryptocurrencies like any other cryptocurrency. Select a trustworthy cryptocurrency wallet that supports the specific AI cryptocurrency you hold. Wallets come in different types, including hardware wallets, software wallets, and mobile wallets. Examples of these include Ledger, Trezor (hardware wallets), Exodus, MyEtherWallet (software wallets), and Trust Wallet, Atomic Wallet (mobile wallets).
AI-powered crypto wallets are also an option. These wallets leverage artificial intelligence to deliver advanced security features and an enhanced user experience. They utilize AI algorithms to observe user behavior patterns, identifying irregularities that may signal unauthorized access.
After choosing a wallet, transfer your AI cryptocurrencies from the exchange to your wallet and make sure it’s secure. If you’re using a software or mobile wallet, make sure your device is secure. Always keep your private keys private and never share them with anyone.
Risk in investing in AI Cryptocurrencies
Cryptocurrencies, including AI cryptocurrencies, are known for their high volatility. The value of these digital assets can fluctuate dramatically in a short period of time, which can lead to significant financial losses.
The regulatory environment for cryptocurrencies is still evolving and can vary greatly by country. Changes in regulations can impact the value and legality of certain cryptocurrencies. Due to the lack of coherent regulations, there are few protections against deceptive or unethical management practices. Many investment and lending platforms use automated smart contracts to control the movement of funds. An investor assumes the risk that a bug or exploit in these programs could result in loss.
Public trust is necessary for both AI and cryptocurrencies. The current attitude of the public towards AI smacks of mistrust, which can impact the acceptance and value of AI cryptocurrencies. There are numerous cryptocurrency scams that promise guaranteed returns. It’s important to be wary of anyone who promises a guaranteed return or profit
AI crypto coins are still an emerging field, but they offer a wide range of utilities and purposes. As the technology matures, we can expect to see more innovative products and applications that leverage the synergy between AI and blockchain technology.
Angel Marinov is the Managing Editor at Coinlabz. With extensive knowledge of crypto payments and blockchain use cases, Angel is a trusted source of accurate and timely information