Why VCs Are Obsessed with These 4 Altcoins | 1416% Growth!

This article is not about Bitcoin ETF. This article is about 4 rockstar altcoin projects that showed serious outperformance during the tough times of the bear market in early 2023. 

Some of these altcoins posted triple-digit gains throughout 2023. Now that the times are good, Venture Capitalists pour more money into these projects. But how far can these tokens go and WHY? Let’s find out.

1) Fetch.AI (FET)

Alright, first up in our lineup is Fetch.ai, and trust me, it’s a game-changer! If I look at Fetch.AI in Coingecko, the token is up 275% in the last year. So, what’s the deal with Fetch.ai? Well, it’s all about decentralizing the magic of artificial intelligence and machine learning. Picture this: it’s like letting AI and machine learning roam free in the digital world, doing their thing with minimal human interference.

Now, here’s the cool part. Fetch.ai hooks up programmers with all the tools they need to create these smart little agents. These agents are like digital wizards that chat it up with the network and make things better in areas like transportation, supply chains, smart homes, and a whole bunch of other sectors. It’s bringing AI to the everyday stuff we do. How awesome is that?”

As I said earlier, they’re all about cutting down on the human-to-human chit-chat when it comes to setting up AI networks. Why? This speeds up the development of tools and networks. And you do not need direct access to a blockchain. But that’s not all. Fetch.ai’s got dreams as big as the sky. It’s gearing up to be the powerhouse behind smart energy grids and futuristic transportation networks. 

And get this. They’re already the masterminds behind Resonate Social, a rising NFT social network that’s got the blockchain buzz. Fetch’s native token, FET, outperformed the market last year. It gained over 590% in the last year. Those are massive numbers.

2) Bittsensor (TAO)

Bittensor is stepping up to revolutionize the game in machine learning, and it’s pretty mind-blowing. Its recent price rally has been even more mind-blowing. Since October 2023, the token has 5Xd. Thats impressive.

Here’s the scoop: Bittensor wants to shake things up by making access to machine learning models and the whole training process super decentralized and, get this, censorship-resistant. You know how right now, training these models is like burning through stacks of resources, something only the big dogs like Google and OpenAI can pull off?

Well, Bittensor’s got a grand plan – to become the ultimate marketplace for machine intelligence. Imagine a world where folks like you and me contribute our brainpower to the network, and the system rewards us in its very own token, TAO. It’s like a peer-to-peer brainiac party where your smarts are not just valued but celebrated. Now that’s what I call leveling the playing field in the world of machine learning!

TAO is a pretty lucrative token to hold. It reached its all-time high of $394.00 on December 14, 2023. However, it currently trades at $227.11. But I wouldn’t write it off yet.

3) Render (RNDR)

Render Network is no doubt the OG AI crypto! It emerged back in 2017 and is one of the leaders in that space. RNDR gained over 870% in the past year. And it’s sure to see more gains in this year’s AI crypto boom. 

Render has a solid use case. It helps artists access computing power for rendering generative AI artwork. So, Render is an answer to the growing need for dependable GPU resources that surfaced during the AI development craze.

That’s not all.  Render also offers a vibrant ecosystem to developers and artists so they can develop AI-driven apps and digital asset management systems for the decentralized economy.

The Render Network opens up enormous opportunities in Web2. It connects people looking for render jobs with people who have spare GPUs that can be used for them. Render rewards users with RNDR tokens as compensation for their contributions.

RNDR currently trades at $3.91. This is one of the AI tokens to keep tabs on.

4) Akash (AKT)

Our final project is Akash, or as some call it, Akash Network, with its very own AKT token! Up a whopping 1416% in the last year, AKT is on fire.

Picture this: Akash is like the superhero of open-source Supercloud platforms. It’s here to make buying and selling computing resources a breeze, and guess what? It’s all about doing it securely and with maximum efficiency. Now, if you’re used to flexing your app-deployment muscles on AWS or Digital Ocean, well, Akash Network is right up your alley.

So, what’s the deal? You can unleash your applications on Akash just like you’ve been doing with the big names. It’s like the cool, new hangout spot for your digital creations. The AKT token is also pretty impressive. It currently trades at $2.90. But there’s a lot of room for growth. There are other projects not on this list that are super important: 

  • SingularityNet
  • CorgiAI
  • Ocean Protocol
  • Oraichain
  • CGPT
  • Dynex

That’s it for today. I’ll see you shortly.

Tectum

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 the accepted levels of risk tolerance of the writer/reviewers and their risk tolerance may be different than 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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