In a rapidly evolving crypto world where innovation is the core draw, projects are taking a unique route to solidify their presence in the market. One of these routes or postures is integrating the fundamentals of artificial intelligence into their major concept. Over the years, many AI-specific crypto projects have emerged, leveraging the powers of the industry-leading solution to capture the imaginations of their audience. In essence, AI crypto assets are projects that leverage the powers of machine learning algorithms alongside blockchain technology.
Despite being a relatively new niche, the AI crypto sector has gained traction, boasting a cumulative market cap of $25 billion at press time. This impressive figure shows that the investing community has shown great interest in what these projects have to offer.
Best AI Crypto To Buy – Top 5 List
In this guide, we dive deep into the top five AI crypto that investors should watch closely this year.
Fetch.ai
Fetch.ai ranks first on our list of the best AI cryptos to buy now, thanks to its highly innovative posture and incredible market potential. At its core, this project presents itself as an open-access machine-learning network, specifically designed to enhance the growth of the digital economy through blockchain. Without any form of human interference, this decentralized project connects devices to the Internet of Things (IoT) for the purpose of facilitating data and cooperation.
The Fetch.ai economy revolves around suppliers and consumers connected through the powers of AI to share services. Notably, the project relies on three elements – Autonomous Economic Agents, the Open Economic Framework, and the Fetch Smart Ledger. These components work together, acting on behalf of organizational and individual users to carry out digital services.
Powering the ecosystem is FET, a crypto asset with over 3 billion market cap. Since launch, FET has soared by more than 500%, bringing noticeable gains to earliest investors. Considering the relevance of its native platform, FET is poised to deliver substantial long-term value to holders.
SingularityNET
Ranking second on this list is SingularityNET (AGIX), a renowned AI-powered decentralized marketplace. Developed on the Ethereum network, this project allows users to monetize their AI models. For instance, a user can discover a suitable AI model or service in the ecosystem and make a request to the owner to use it.
The owner can decide whether to grant or reject the request. However, if granted, users must make payments on AGIX, the core currency of the platform to access the AI models.
In terms of market performance, AGIX has performed decently on the price charts, surging 197% over the past year. More so, it currently boasts a market cap of $638 million. While not as profound as FET, AGIX is gradually gaining more ground and has the potential to become one of the major drivers of the AI crypto economy.
GRT AI Crypto
The Graph (GRT) stands out as a decentralized platform that relies on the powers of AI to index blockchain data. The core purpose of this platform is to gather, process, and store data so that they can be used by downstream applications. Like AGIX, The Graph is also built on the Ethereum network, with the goal of making blockchain data highly accessible.
Thanks to its decentralized posture, The Graph boasts a governance mechanism, comprising a group of individuals who oversee the network.
That being said, The Graph’s native token, GRT has experienced some impressive price performances in recent months, rising through the ranks to position itself as one of the top 7 AI coins on the market.
Near Protocol
When it comes to naming some of the biggest AI crypto projects around, Near Protocol (NEAR) takes the front seat. The project boasts a market cap that exceeds $5 billion to sit comfortably at the vanguard of that bustling niche.
Central to NEAR is its native network which provides scalable and efficient blockchain services to users. Through its unique sharding approach, the blockchain network eliminates any form of network congestion, allowing developers to build high-performance apps with low transactions.Â
With plans to deploy its highly-anticipated Nightshade 2.0 upgrade, NEAR is reshaping the overall experience of users. According to experts, the final deployment of this upgrade may trigger a massive rally for NEAR.
Ocean Protocol
Ocean Protocol presents itself as a decentralized protocol for building powerful AI technologies and monetizing data sharing. In essence, the project helps simplify and decentralize the exchange of data amongst users.Â
Through the platform, users can easily share data without sacrificing their privacy. As such its major objective is making data ownership possible.
Overall, the native token of this project, OCEAN remains one of the key AI cryptos to watch closely this year. Since its launch, the token has jumped 1600%, bringing over 10x gains to early birds.
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