Investing in AI
Want to invest in AI?
Artificial Intelligence (AI) is rapidly expanding and revolutionising various industries, including the crypto market. Its ability to enhance user experience, improve scalability, and strengthen blockchain security has caught the attention of many crypto enthusiasts.
The integration of AI and blockchain technologies is a key driving force behind the success of AI in the crypto market. This integration is witnessed in various aspects, such as AI-powered smart contracts, decentralised marketplaces, and consensus mechanisms driven by AI. It has made significant strides in the crypto market, enhancing user experiences, improving security, optimising trading efficiency, enabling advanced data analysis, and giving rise to AI-powered cryptocurrencies. These tokens serve multiple purposes, facilitating blockchain governance, powering decentralised marketplaces, and enabling advanced portfolio management.
The recent surge in AI-related cryptocurrencies can be attributed in part to the stellar sales performance of GPU giant Nvidia. The growing demand for AI-powered applications utilising Nvidia's chips has created excitement around some tokens.
Through internal research, we have identified some of the most rapidly evolving crypto projects associated with AI, although it's important to note that this list is not ranked and should not be taken as investment advice.
We have made a review of some of the most popular coins for investing in AI. All prices and market caps are from 12th June 2023 and are not updated.
SingularityNET (AGIX)
AGIX to USD Price: $0.1975
Market Cap: $241.08M
SingularityNET is a company that focuses on the development and implementation of Artificial General Intelligence (AGI). It aims to create a decentralised network and marketplace for AI services where developers, AI researchers, and organisations can collaborate, share, and monetize AI algorithms, data, and models.. AGIX is the native token of the SingularityNET platform, facilitating transactions and governance within the network.
Ocean Protocol (OCEAN)
OCEAN to USD Price: $0.2874
Market Cap: $176.21M
Ocean Protocol is designed to enable secure and privacy-preserving sharing and monetization of data. The platform allows individuals and organisations to publish, exchange, and consume data while maintaining control over their data assets. OCEAN is the utility token used for transactions, incentivization, and governance within the Ocean Protocol ecosystem.
Fetch.ai (FET)
FET to USD Price: $0.1802
Market Cap: $148.02M
Fetch.ai is an AI-powered blockchain network that focuses on enabling autonomous machine-to-machine communication, economic transactions, and data sharing. The network aims to create a decentralised infrastructure where autonomous agents can perform various tasks, such as data analysis, predictions, and coordination. FET is the native token used for transactions and governance within the Fetch.ai network.
The Graph (GRT)
GRT to USD Price: $0.096555
Market Cap: $869.79M
The Graph is a protocol for indexing and querying data from blockchains in a similar way that Google indexes and queries data from websites. By using The Graph, developers can easily retrieve and query blockchain data without the need to run their own infrastructure or perform complex data indexing tasks. The protocol acts as an intermediary layer between the blockchain and the dApps, making it easier to access and use blockchain data in a decentralised and efficient manner.
Synthetix (SNX)
SNX to USD Price: $1.75
Market Cap: $458.59M
Synthetix is a decentralised protocol built on the Ethereum blockchain. It enables the creation and trading of synthetic assets, which are tokenized representations of real-world assets. The protocol allows users to mint and trade synthetic assets, such as cryptocurrencies, commodities, stocks, and fiat currencies, without actually owning the underlying assets.
The Synthetix protocol operates through a system of smart contracts and relies on a native cryptocurrency called SNX. SNX holders can stake their tokens as collateral and, in return, receive Synthetix Network Tokens (sUSD). These sUSD tokens can then be used to create synthetic assets, known as Synths.
AI tokens are currently, like all cryptocurrencies, responding to the latest news and happenings in the world, but they certainly still have great potential for growth. If you'd like to see all AI-related cryptocurrencies, you can filter to see only AI coins when creating your Crypto Strategy.
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