Bitcoin’s (BTC) most recent halving event took place on April 19, and many investors expect it to take its price to a new all-time high (ATH). Bitcoin’s past halving events have increased BTC’s price exponentially and had a positive effect on the prices of many top altcoins. 

This year isn’t expected to be any different, and some analysts expect a bullish surge to take over the broader cryptocurrency space heading into the event despite prices falling considerably in the past few weeks. Altcoins focused on providing solutions in the artificial intelligence (AI) space are projected to enjoy the most growth in 2024.

The top five AI-focused altcoins to invest in this year

Here’s our list of five AI altcoins that are expected to enjoy considerable gains in 2024:

1. InQubeta (QUBE)

At the top of our list is InQubeta, an emerging crypto that is already generating many conversations on social media and cryptocurrency forums. It’s one of the top ICOs, and its presale raised over $13.6 million before launching on Uniswap and MEXC. 

InQubeta runs an Ethereum (ETH) based blockchain that allows AI startups to acquire funding by making non-fungible tokens (NFTs) that offer investment opportunities.  

Visit InQubeta Website 

2. Render (RNDR)

Render allows users on its blockchain to rent out their unused processing power to people and businesses that need it. That inventive solution has helped propel its prices to exponential growth since its launch. 

Render has been one of the fastest-growing cryptocurrency projects in the AI space, with its value increasing by 571% in the past year. 

3. Fetch.ai (FET)

Fetch.ai has brought investors over 657% returns in the past year, making it one of the top-performing cryptos in the AI space. Fetch.ai specializes in providing open access to AI bots that can autonomously perform tasks and negotiate on behalf of users. Bill Gates predicts such bots will considerably impact e-commerce in the next several years. 

4. Bittensor (TOA)

Bittensor’s price has surged by 923% in the past year, but the past several weeks haven’t been kind to its investors as its price has dropped sharply. Bittensor provides an area for AI models to train and earn rewards. 

5. The Graph (GRT)

The Graph allows decentralized finance applications to query networks like the Ethereum network. Its blockchain allows decentralized finance apps to use APIs to retrieve data and other information from blockchains compatible with it. 

GRT, its native token, has enjoyed 123% price growth in the past year, but its price has dropped sharply recently as its bull cycle takes a breather. 

Summary

Observe the price movements of the AI-focused cryptos featured above to determine which cryptos to buy now. All five are positioned for considerable growth in 2024, but QUBE has the most growth potential. Some experts expect as much as 10,000% growth now that it has launched Uniswap (UNI) and MEXC. 

Visit InQubeta Website