With the recent rise in Bitcoin, eyes in the financial markets are turning back to cryptocurrency. Following Bitcoin’s approximately threefold increase from its 2022 low, altcoins have also joined this surge due to the volume created in the market.
Like in any market, the popularity of artificial intelligence has influenced crypto, and there has been a recent increase in AI coins. Let’s answer the question, “What are AI coins in the crypto market?”
Will AI (Artificial Intelligence) Coins Appreciate?
One of the most curious questions is whether AI coins will appreciate further in the future. While a definitive answer cannot be given in financial markets, developments in artificial intelligence and new technologies, especially innovations by NVIDIA, are thought to impact this market. Recent significant volume increases in some AI coins are interpreted as an effect of these innovations.
What are the Most Popular AI Coins?
Our research reveals that there are dozens, even hundreds, of AI coins, each potentially used in different projects for various purposes. However, some have become very popular recently and experienced significant increases in volume. Here are the top 5 AI coins with the highest market value:
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What is Bittensor (TAO)?
Bittensor (TAO) stands out as a decentralized, open-source protocol that combines artificial intelligence and blockchain technologies. This project aims to provide AI developers with a more efficient and secure environment for training and deploying AI models. Currently valued at $3,758,598,497, TAO has experienced a 1400% increase in the last four months.
What is Render (RNDR)?
Render (RNDR) saw a significant rise, especially following NVIDIA’s latest announcements. Although this project is generally used in computer graphics and image processing, it also stands out as an effective project in the AI field. RNDR, currently valued at $2,650,107,144, is expected to be more expensive in the future.
What is Fetch.ai (FET)?
FET has also emerged as a prominent project with recent rises. Fetch.ai (FET) is an AI and machine learning-supported coin, aiming to enable the economic and automatic exchange of data and value between devices. With a market value of $1,047,872,549, this AI coin has seen a 400% rise in the last four months.
What is Akash Network (AKT)?
Akash Network (AKT) is a blockchain-based platform aiming to provide decentralized cloud services. This AI-supported project, valued at $893,575,036, has shown a 360% increase in the last four months.
What is SingularityNET (AGIX)?
SingularityNET (AGIX) is one of the first names that come to mind when AI coins are mentioned. This platform decentralizes and combines AI and blockchain technologies, offering AI services to users. AGIX, valued at $869,536,643, has risen 265% in the last two months.
Do you have AI coins that you trade or hold for the long term? Don’t forget to share your thoughts in the comments.
Note: None of the information in this article is investment advice.
