In May, at the close of the month, GPU giant Nvidia reported blockbuster sales figures that reflect the massive need for the chips that provide the power for AI apps. The announcement caused SingularityNET (AGIX), Cortex (CTXC), Measurable Data Token (MDT), and a host of other AI cryptocurrencies soaring in value as investors began flocking to the tokens that power several of the most exciting Blockchain-based AI projects.
If you’re interested in joining the AI cryptocurrency craze but are not sure where to begin read on to learn about the best AI coins that are positioned to succeed in 2023.
Is there an AI Cryptocurrency?
The growing list of AI cryptocurrencies now comprises over 170 different coins in accordance with CoinMarketCap. Here is a brief introduction to some that are the most exciting and well-known among these.
Top 10 AI Cryptocurrencies for Investment
Here’s a look at the top 10 of the most exciting AI cryptocurrency options available currently.
1. Oasis Network (ROSE)
Oasis Network is a blockchain platform that offers a privacy-preserving layer on web3 smart contracts that are dApps. The platform’s “ParaTime” function lets it execute multiple smart contracts while maintaining the privacy and security of its users while ROSE acts as the native token.
The network is low in cost of fuel and its modular design creates a new standard in security.
Also read: Top Web 3.0 Cryptocurrencies For Investment
2. Render (RNDR)
Render has been booming since 2023 following a jump from $0.40 at the beginning of January to $2.69 in the beginning of June. It’s not surprising given that its primary skill distributed GPU rendering is in the hands of Nvidia.
The network is built on its Ethereum blockchain developers make use of it to develop high-bandwidth dApps in sectors as diverse as gaming, health care, and finance.
3. Injective Protocol (INJ)
The company claims to be “the most efficient level first blockchain” in addition to being “the first blockchain that offers automatic execution of smart contracts.” Injective Protocol is backed by the likes of Mark Cuban, Pantera, and Binance.
Developers make use of it to create Web3 applications that are used in the financial sector and also the interoperable platform is able to integrate with other blockchains while allowing users to exchange assets instantly, without the need for gas.
4. The Graph (GRT)
With the world’s only 1 billion dollar AI cryptocurrency, GRT can be considered too huge to overlook. It’s an Ethereum-based native token of the Graph platform, and its indexing protocol functions as a search engine for blockchain networks.
Based on Bitcoinist, GRT experienced several significant rallies in May, as large investors — referred to as whales — jumped largely into long-term positions.
5. SingularityNET (AGIX)
The graph is the most popular brand in AI cryptocurrencies, SingularityNET isn’t far behind — and, just like GRT, its AGIX token has seen significant gains over the last few weeks.
This network has been open-sourcing and constructing Artificial General Intelligence (AGI) that Singularity defines as “decentralized intelligent human beings” as well as could be among the most secure investments in the market. Investors Observer recently issued the coin with a low-risk rating.
6. inSure DeFi (SURE)
InSure DeFi was the very first Metaverse NFT along with the DeFi insurance marketplace that is designed for “protecting investors from fraud as well as theft of funds and the resulting declines of cryptocurrency portfolios.”
To insure their investments, customers must purchase SURE tokens, and enable coverage via the dashboard of inSure DeFi. Additionally, the stake rewards are astonishing monthly rates of 2 and 24 percent APR.
7. OriginTrail (TRAC)
TRAC is the currency that is part of OriginTrail and its knowledge graph that is decentralized that “organizes all assets that are issued into a global smart index, allowing all assets to be easily identified using the use of keywords, or IDs.”
Users can make their assets searchable and searchable. The technology is expanding to sectors such as pharmaceutical supply chains, customs and trade in general Enterprise information, sustainable brands, food safety, and transportation.
Also read: Best AI Trading Software for Traders
8. IQ Protocol (IQ)
IQ Protocol offers owners a marketplace to advertise NFTs to rent and users to use their full benefits at a fraction of the expense of owning. Owners are able to earn rental income and expose their assets to a wider audience and players can get access to tournaments and gaming options that they wouldn’t otherwise be able to.
All transactions are purchased and paid for using IQ tokens. Those who hold them can also use them to earn passive income.
9. Veracity (VRA)
Veracity is determined to be the preferred blockchain for digital entertainment, esports, and ad tech. Its all-in-one-wallet eliminates the risk of taking part in the world of digital currency while also facilitating rights management with smart, secure verification and removing fraud in advertising.
10. Forta (FORT)
Forta bills itself to be the “leading security and operational surveillance network for developers, wallets, as well investors.” It makes use of machine learning to spot web3 threats and anomalies in real-time, while also monitoring the health of smart contracts.
It’s backed by some of the most prominent brands in the field such as Coinbase Ventures and Digital Currency Group.
The tokens you’ve just discovered have been among the top well-known and promising ones available However, there are over 100 blockchain-related projects that can benefit from AI functions. Before you make a purchase, learn as much as you can about AI tokens through reading articles about this fast-growing technology Publications such as Sensorium are excellent resources for understanding AI cryptocurrency.