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Artificial intelligence is the biggest narrative of 2024, both in the crypto space and in the mainstream technology space. Crypto projects in the AI category have shown incredible strength in the market through the last two quarters of 2023 and have continued to deliver huge gains in 2024, this is expected to continue as investors continue to be drawn toward decentralized AI solutions. The release of AI-powered text-to-video solution – SORA by OpenAI and impressive returns on Nvidia stock have confirmed a widespread bull season for AI projects.
Delving into the crypto AI space, we have selected a list of promising crypto Artificial intelligence projects that could deliver massive gains in 2024 and beyond. Here are some crypto AI projects you could consider taking a look at
1. DexCheck ($DCK) – AI-powered multi-application protocol for cryptocurrency investors.
DexCheck has cemented its reputation as a hard-hitter in the Artificial Intelligence category. The AI-powered multi-application protocol already reached an annual high of $0.12 in February 2024, a 600% gain from its $0.02 price level in 2023. Every metric, including $DCK holders’ count, has grown during this time.
$DCK is currently consolidating around $0.11 – $0.09 at the time of writing. Even after a 6X price growth, the market cap still sits at $28 million and it is still ranked below the top 900 coins on crypto tracking platforms. Compared to similar AI projects, these current levels show that $DCK has enough room for more impressive price movements. With a solid fundamentals and a hardworking team, DexCheck is set for a positive 2024.
DexCheck has also deployed on the PulseChain, expanding the protocol’s reach and onboarding more users and investors for the $DCK token. The project team has also announced a 10 million $DCK burn program, this will drastically reduce the amount of $DCK tokens in circulation, in addition to the staking program that has seen over 13% of the total supply locked up for an average of 12 months. The DexCheck IPSO launchpad has also supervised the initial token offering of some reputable cryptocurrency projects. As the team continues to work on these solutions and expand its list of partners we could see jaw-dropping gains from $DCK over the bull season. At a $28 million market cap and a fully functional AI-powered set of solutions, could be a steal!
2. ChainGPT ($CGPT) – Decentralized AI-powered solution crypto activities
ChainGPT is a suite of applications powered by Artificial Intelligence algorithms. The CGPT token is the utility token of the platform and allows holders to enjoy certain privileges, including advanced access to the applications in its ecosystem.
$CGPT opened for trading in 2024 at just above $0.13 but has reached an annual high of $0.4. It is trading well above $0.32 at the time of writing. Chain GPT’s market cap still sits below $140 million, this gives it enough space to grow. Chain GPT has seen credible developments and partnerships in 2024 already. The Chain GPT launchpad has overseen the launch of several projects and still counting.
Other AI applications in its ecosystem include;
Chain AI trading assistant; an AI-powered investment assistant that gives investors insight on tokens to invest in. Chain GPT’s NFT generators also allow creators to generate NFTs more easily. Other applications in its ecosystem include the AI-powered solidity smart contract auditor and new generator. As more users troop in to use these products, the $CGPT token could also grow significantly.
3. Singularity ($AGIX)– Marketplace for Decentralized AI products
Singularity has seen quite a growth in 2024 already. The AI project is building a framework for next-generation AI solutions and also fostering an Ecosystem of projects using Artificial Intelligence to solve mainstream and crypto-related issues using decentralized alternatives. As a super player in the ecosystem, AGIX serves as an incubator for these projects, providing them with funding, and technological and administrational guidance to ensure that these projects not only launch successfully but also deliver gilt-edge AI solutions.
These projects launch in AGIX’s ecosystem which serves as a marketplace for AI solutions and a hub for the AI revolution. This marketplace is built on the Cardano blockchain. Singularity shared that it has adopted Cardano as a relatively faster and decentralized network for its marketplace. Singularity also announced that it has partnered with Dfinity ($ICP) for its AI Marketplace project. Singularity has also partnered with Fetch AI to advance developments in the AI space.
The $AGIX token is the native token of the ecosystem, service providers in the ecosystem can charge for the utility they provide in the AGIX token. Funding and incentivization programs are also powered by the AGIX token. With much happening around singularity and its spin-off projects, the project has some room for further growth.
4. Bittensor ($TAO) – Decentralized Machine learning platform
Bittensor commoditizes machine learning. It creates a peer-to-peer marketplace for machine intelligence and allows projects to develop Machine Learning models in collaboration. This is meant to influence a rapid expansion, sharing of knowledge, and the development of an unstoppable library of knowledge that grows exponentially. Bittensor is proposing a community-driven Machine Learning discipline and employing strategies like incentivization to boost participation in the network. Bitttensor is deployed on the Solana blockchain and has been teased as one of the biggest AI projects on the network.
Bittensor’s utility token $TAO has enjoyed quite a positive price action since 2023 with a steep growth from $30. It finished the year above $270 and has continued to grow in 2024. The token currently trades at $675, an over 100% growth from its opening price in 2024. The market cap sits at $4 Billion. Over the bullrun, $TAO is still one to keep an eye on.
5. Render Protocol ($RNDR) – Decentralized GPU marketplace for rendering AI graphics
Render protocol is a marketplace for GPU rendering power. Rendering turns provided data into finished graphics. This procedure is known to require an enormous computing power and depending on the details of the graphics, some rendering requests could require way higher GPU power. To enable creators to develop high-quality graphics, Render Network offers a network of computers contributing their dormant GPU power to deliver an infinite pool of GPU power that can be leveraged by video, game, and routine graphics creators.
Render Network token ($RNDR) has seen significant growth since the network opened up to AI projects. AI projects can render graphics using the GPU marketplace provided by Render protocol. AI project tasks acceptable on the network included deep-fake graphics and graphics for advanced AI-powered videos. AI video applications like SORA can now run rendering requests via the Render Network. Render network will pioneer next-level graphics for the growing AI applications. Render network has also branched out to Solana Network and has been active through 2023 and 2024. The project has collaborated with famous creators like Beeple. RNDR ended 2023 as one of the top gainers and is already up 50% in 2024, the token still shows significant strength and could grow even further.
The smartest tech founders are exploring diverse ways to apply machine intelligence. On the other hand, smart investors are researching the most promising AI projects and investing in them before they take off. Compared to mainstream AI projects like Nvidia and OpenAI, crypto AI projects are yet to attain peak popularity and so is their price. AI projects could deliver really massive gains, especially in the bull run. Even mainstream investors have shown a preference for decentralized AI solutions, considering the risks of a centralized AI solution. As an investor in the crypto space, investing in AI projects could be a very rewarding venture. The projects listed above are ones we consider to have the highest potential, however, keep in mind that this is only due to our personal convictions. Always ensure that you run your own research and only invest in projects you are convinced about.