9 Best AI Crypto coins of august 2024 – New AI Crypto projects

AI crypto coins are among the most groundbreaking cryptocurrencies today. By merging artificial intelligence with blockchain technology, they offer better security, faster transactions, and intelligent applications.

But why is AI crypto so hot right now? The rise in demand for cutting-edge tech and the promise of smarter investments have shot the best artificial intelligence cryptocurrencies into the spotlight. To help narrow down the search, we’ve done in-depth market research, considering market trends, project developments, and expert opinions to bring you a list of the best AI crypto coins on the market now.

We’ll also cover the pros and cons of AI tokens, how to purchase and store them, and whether they’re a better investment than other cryptos.

What Is An AI Cryptocurrency?

AI cryptocurrencies combine artificial intelligence with blockchain technology, creating a new class of digital assets. These coins, with AI at their core, use blockchain’s secure, decentralized framework to develop and operate AI applications. This integration allows AI to function independently while benefiting from the blockchain’s transparency and security. The result is a fascinating new breed of digital assets that enable the creation of AI models on blockchain networks, which can analyze and learn from vast amounts of data.

The Best AI Crypto Coins of 2024 – List

Seeing the immense hype behind AI coins, we did our own research and created a list of the top AI crypto coins of 2024. Take a look:

Best AI Crypto to Buy in 2024 – A Detailed Analysis of the Top 9 AI Coins

After a brief overview of our picks for the best artificial intelligence cryptocurrencies, we’ll delve deeper into each one, examining its features and what makes it stand out.

1. WienerAI

Best AI Crypto No-Fee Trading Bot with Fast Transaction Time and High Staking Rewards

• Token Name: WAI

• AI Features: AI trading bot

WienerAI is a relatively new AI crypto that has had an incredibly successful presale. In less than two months, it raised over $7.4 million, and with only 15 days left until its launch on exchanges, this number will definitely increase.

This AI crypto coin is said to be a no-fee trading bot that will provide real-time market analysis and crypto predictions. Based on your budget and investment needs, it will search the market to find the best crypto for you at the best price. $WAI is the bot’s native token, which token holders can use to earn a passive income through its staking mechanism. On top of that, it’s built on the Ethereum network which insures the utmost security and a smooth integration.

2. The Graph

The Best AI Crypto Token for Efficient and Automated Decision-Making

• Token Name: GRT

• AI Features: Using AI to optimize indexing process and accuracy of search results.

The Graph is a decentralized, open-source indexing protocol for blockchain data that functions similarly to Google for web data. It enables users to effectively navigate and explore various blockchain ecosystems and dApps. The platform uses AI to optimize the indexing process and improve the accuracy of search results. AI plays a very important role in The Graph, particularly for automated decision-making and lowering the barrier to accessing rich web3 data.

The Graph also has a native token named GRT, which is used to incentivize network participants to perform indexing and query tasks. Node operators earn GRT tokens for indexing data and serving queries. Similarly, anyone who uses The Graph to locate data on a blockchain should pay for it using GRT tokens. Recently, the platform launched the Subgraph radio – a tool for better and enhanced communication between developers and indexers.

3. Fetch.ai

A Revolutionary AI Crypto Projects with Intelligent Automation and Cutting-Edge Blockchain Solutions.

• Token Name: $FET

• AI Features: Automation of complex tasks to ensure utmost efficiency in different industries

Fetch.ai is the top AI crypto to invest in that enables developers to create and deploy intelligent autonomous agents to automate complex tasks such as data processing, predictive modeling, and decision-making. These agents can facilitate various activities, from IoT data management to executing crypto transactions and optimizing decentralized trades. All of this is powered by the native token $FET.

Fetch.ai’s autonomous economic agents communicate and perform tasks autonomously, improving efficiency in industries such as DeFi, transportation, and energy management. Recently, Fetch.ai, SingularityNET, and Ocean Protocol merged into the $ASI token, which aims to enter the top 20 cryptocurrencies with a combined value of $7.5 billion. This merger challenges Big Tech’s dominance in AI by uniting three decentralized leaders in AI research and development.

4. Render

The Best Artificial Intelligence Cryptocurrency for Decentralized GPU Rendering and Digital Creation

• Token Name: RNDR

• AI Features: Automaetd GPU rendering and digital creation

Render is the next artificial intelligence crypto coin that revolutionizes digital creation with decentralized, GPU-based rendering on the Ethereum Blockchain. This top AI crypto project connects artists needing high-performance computing with owners of idle GPUs, making 3D rendering accessible and cost-effective. Artists submit tasks, and node operators use their spare GPU capacity to complete them and, in return, earn RNDR tokens (the platform’s native cryptocurrency) as compensation.

Render supports diverse applications, from gaming and virtual reality to complex AI and machine learning projects. Its tiered pricing system, based on node reputation, ensures flexibility and reliability. Founded in 2016, the Render token (RNDR) allows access to powerful computing resources, enabling creators to produce high-quality digital content without expensive hardware, transforming industries like gaming, NFT art, and metaverse development.

5. SingularityNET

One of the Best AI Coins for Decentralized Intelligence and Top Tier AI Services

• Token Name: AGIX

• AI Features: Create, share and monetize AI tools and models.

SingularityNET is a decentralized marketplace for AI services powered by its native token, AGIX. This platform, enables developers to create, share, and monetize AI tools and models. Users can browse and purchase various AI services, from speech recognition to real-time voice cloning, directly using AGIX tokens.

The platform offers smart contract templates for seamless AI model development and deployment. SingularityNET is renowned for its association with Sophia, the world’s most expensive robot, aimed at enhancing human language comprehension. With over 70 AI-powered services, SingularityNET is among the top AI coins, giving access to AI technology and making it a crucial player in the crypto space. It is also part of the “Artificial Superintelligence Merger” with Fetch.ai and Ocean Protocol, aiming to revolutionize the AI landscape.

6. Near Protocol

A top AI Crypto For Scalable and Efficient Solutions and Fast and Low-Cost Transactions

• Token name: NEAR

• AI Features: Sharding, developer frendly tools that support AI development, etc.

Near Protocol is a Layer1 leading AI crypto token in 2024, known for its high market cap and support for decentralized apps (dApps). It offers fast, low-cost transactions, which are essential for AI applications. Using sharding technology, NEAR splits the network into smaller parts to process more transactions at once, making it highly scalable and extremely efficient.

The protocol ensures data privacy and security through advanced encryption techniques like secure multi-party computation (MPC) and homomorphic encryption. Its Thresholded Proof-of-Stake (TPoS) consensus mechanism maintains network security and decentralization. NEAR’s developer-friendly environment and infrastructure make it a prime choice for AI projects. As AI continues to develop and grow, NEAR Protocol’s ability to handle complex AI tasks makes it one of the best AI crypto coins, attracting both developers and investors.

7. Internet Computer

The Top AI Crypto Project for Full-Stack Decentralized Applications

• Token Name: ICP

• AI Features: unlimited smart contracts for hosting data, computing, user experiences, and content on-chain

Internet Computer (ICP) is a cutting-edge decentralized network that changes how we use blockchain technology. It supports unlimited smart contracts for hosting data, computing, user experiences, and content on-chain. ICP is a top AI crypto token that offers high-speed, low-cost transactions for quick and secure data processing.

Its sharding technology splits the network into smaller parts, handling many transactions at once. ICP’s advanced encryption protects data privacy, while its unique consensus mechanism ensures security and decentralization. Developers can create dApps using popular programing languages like Rust, TypeScript, Python, or Motoko, made for ICP. Environmentally friendly and cost-effective, this promising crypto token lets users access smart contracts directly through browsers without needing wallets or tokens, making it easy to build and use decentralized applications.

8. Ocean Protocol

The Best AI Crypto Coin for Secure and Decentralized Data Monetization

• Token Name: OCEAN

• AI Features: Exchange and monetize data

Ocean Protocol is a pioneering AI-crypto platform founded in 2017 that enables businesses and individuals to exchange and monetize data securely. It caters to various industries, including healthcare, finance, politics, and e-commerce, by allowing data suppliers to sell specific data directly to consumers.

The platform’s utility token, OCEAN, facilitates data trading, governance, and staking. One of Ocean Protocol’s most important features is the Ocean Predictoor, which lets users run AI-powered prediction or trading bots on crypto price feeds to generate yields. It allows developers to use tools and resources to build AI-decentralized applications and APIs in JavaScript and Python. Ocean Protocol’s goal is to foster a more efficient AI ecosystem by making previously inaccessible datasets available to researchers and startups and, with that, making innovation and data monetization in a decentralized manner.

9. Oasis Network

The Top AI Crypto Token for Secure and Scalable Decentralized Finance

• Token Name: ROSE

• AI Features: open finance and responsible data usage.

Oasis Network is a layer 1 blockchain designed for open finance and responsible data use. It lets users build privacy-focused dApps, giving them control over their data and the chance to monetize it. Using a Proof of Stake (PoS) system, Oasis separates consensus and smart contract execution for low-cost, secure apps.

Since 2023, Oasis has worked with AI leaders like Meta to develop “Responsible AI” that emphasizes privacy, fairness, and transparency. Its Smart Privacy features allow customizable privacy settings for dApps. Oasis offers low gas fees and strong security, making it perfect for DeFi AI, gaming, NFTs, and DAOs. With its modular design, Oasis supports scalable, parallel transaction processing. This makes Oasis Network a top choice and one of the best AI crypto tokens for innovative and secure solutions.

Methodology

How We Analyze and Review Cryptocurrencies

1000+ Crypto Assets Reviewed

300+ Research Hours

14 Key Variables Evaluated

50+ Expert Opinions Examined

To ensure our readers receive unbiased, thorough, and reliable information, we conduct extensive research and analysis of a wide range of cryptocurrencies. We assess each crypto asset based on 14 distinct criteria, some of which include:

• Market Potential: We evaluate the likelihood of future growth and the overall potential within the crypto market.

• Liquidity and Trading Volume: We analyze the ease of buying and selling cryptocurrencies and their trading activity.

• Community and Support: We examine the level of community engagement and the quality of support available to users.

• Price History and Market Sentiment: We review historical price data and current market sentiment.

• Security Measures and Past Breaches: We check for strong security protocols and any history of security breaches

By following this thorough approach, we provide comprehensive and reliable reviews tailored to the needs of crypto enthusiasts and investors alike.

A Brief List of the Top AI Cryptos by Market Cap

Although we have already listed some of the top AI crypto projects out there, we’re also going to provide a list of the biggest AI crypto by market capitalization so that you can decide what cryptocurrency to go for. Some people go for big market cap cryptos, while there are also a large number of investors that opt for lower-market cap coins. They usually do this, because often time the gains with smaller and newer coins are bigger than with the already established ones.

Link: https://www.techopedia.com/cryptocurrency/best-ai-coins?utm_source=pocket_shared

Source: https://www.techopedia.com