14 AI Coins Ready to Explode — Part 1

There are a handful of crypto narratives that stand out in 2024. Among others, these are, RWA, DePIN, gaming, and AI. The interest in AI has been on the rise. AI still has a lot to learn, but its models keep improving. In crypto, we see Web2 AI companies hook up with Web3 AI firms. As a result, we see growth in crypto AI coins and projects.

So, we’re going to take a closer look at 14 AI coins that are ready to explode. This is part 1 of a 3-part series.

1) Bittensor ($TAO)

Bittensor is a decentralized machine-learning project. People all over the world can take part by connecting their machine-learning models. In return, you receive the $TAO as a reward. It used the Substrate framework, the same as Polkadot. Because it’s decentralized, there’s no single point of failure. 

You can also see Bittensor as an AI marketplace. For example, ou can ask questions. In return, the machine learning models provide an answer. The provider of the correct answer gets rewarded.

The current $TAO price is $652.34. It has a market cap of $4.1 billion. Out of a max and total supply of 21 million $TAO tokes, 6.3 million circulate. Over 30 days, the token is up by 50%. However, over 1 year, it’s up by 524%.

2) Akash Network ($AKT)

Akash Network is all about cloud computing resources. In other words, GPU. Akash offers a marketplace where you can rent or offer GPU. Since games, and especially AI, have a constant need for GPU, this is a thriving market. This also makes Akash a player in two big narratives, DePIN and AI. Akash can also offer its service around 80% cheaper. That’s compared to the big three cloud providers.

The current $AKT price is $4.25. It has a market cap of $986 million. There’s a max supply of 388.5 million $AKT tokens. The total and circulating supply is 229.5 tokens. The token is up by 56% over the last 30 days. Over the last year, it’s up by 923%. The picture below shows some stats about Akash.

AI Coins

Source: Akash stats

3) Fetch ($FET)

Fetch offers a decentralized machine-learning network. Fetch can interact, negotiate, and transact between you and a supplier. The project has been around since 2017. However, its mainnet didn’t go live until 2020. In March 2021 there was an upgrade to mainnet V2.0. 

One of the great advantages of Fetch is that devs can monetize their Dapps. It also offers an open design, which further enhances innovation. 

The current $FET price is $1.72. Its market cap is $1.79 billion. There’s a max and total supply of 1.152 billion tokens. Already, 1.043 $FET tokens circulate. The token is up by 221% over the last 30 days. Over 1 year, it’s up by 300%. The following video shows how an AI agent can make bookings on your behalf.

4) Ocean Protocol ($OCEAN)

Ocean Protocol is about data services and the value of data. The project dates back to 2017. It connects data providers with consumers. With the Ocean Market app, owners can sell their data and monetize it. So, the owners remain in control of the data and have privacy. The data buyers have access to more private data they usually can’t access. The marketplace works with fixed prices or AMM pools.

The current $OCEAN price is $1.02. It has a market cap of $618 million. The max supply is 1.410 billion tokens. Its total supply is 1.40 billion tokens. Currently, 598 million tokens circulate. $OCEAN is up by 151% over the last 30 days and by 161% over 1 year.

5) Golem Network ($GLM)

Golem Network is a decentralized computing platform. It’s also open-source and the last of the Part 1 AI coins. The platform has been around since 2015 and uses a P2P setup. You can supply or lease idle hardware. Their mainnet went live in early 2018. It first started serving 3D users and later shifted to AI. Leasing computational power is a much better solution instead of buying it. It’s a lot more cost-effective. So, that’s why projects in this space have much more potential to grow.

The current $GLM price is $0.6074. It has a market cap of $607 million. So, the max and total supply are 1 billion tokens. Currently, 109 million $GLM tokens circulate. The $GLM token is up by 204% over the last 30 days and by 143% over 1 year.

Conclusion

This is part 1 of a 3-part series about 14 AI coins that can explode. The other 2 parts will follow soon. In this article, we covered 5 of the 14 coins. These included, for example, Bittensor ($TAO), Akash Network ($AKT), and Fetch ($FET).

The 3-part articles are inspired by this X thread.

Here is the second part of this article.

Coins

Disclaimer

The information discussed by Altcoin Buzz is not financial advice. This is for educational, entertainment and informational purposes only. Any information or strategies are thoughts and opinions relevant to accepted levels of risk tolerance of the writer/reviewers, and their risk tolerance may be different from yours.

We are not responsible for any losses that you may incur as a result of any investments directly or indirectly related to the information provided. Bitcoin and other cryptocurrencies are high-risk investments, so please do your due diligence.

Copyright Altcoin Buzz Pte Ltd.

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