4 AI-Based Altcoins Outpacing Bitcoin, Ethereum, XRP in 2024

- The cryptocurrency landscape is seeing AI-based altcoins like Render (RNDR), SingularityNET, Bittensor (TAO), and Fetch.ai (FET) showing significant growth potential in 2024. These altcoins are surpassing traditional giants like Bitcoin, Ethereum, and XRP due to their advanced AI technologies.

- Render (RNDR): Render leverages a distributed GPU-based rendering network that uses OctaneRender to connect individuals requiring rendering services with GPU owners who have excess capacity. Currently, Render holds the 24th spot on CoinMarketCap, with a market cap of around $4.15 billion. RNDR's recent price increase of 10% indicates a growing interest in AI-focused cryptocurrencies.

- SingularityNET (AGIX): SingularityNET is a decentralized AI service platform that supports an open-source model to democratize the benefits of artificial intelligence. AGIX recently observed a 5% increase, attributed to increased on-chain activity. Over the last year, AGIX's price has risen sharply by 263%, driven by escalating interest in AI-focused digital currencies.

- Bittensor (TAO): Bittensor integrates blockchain technology with artificial intelligence to reshape the future of machine learning. Recently, TAO’s price has surged by 17% over the past week, reflecting investor confidence. Currently priced at $437, its market cap has reached $2.93 billion.

- Fetch.ai (FET): Fetch.ai is transforming the blockchain scene with its innovative machine-learning network that decentralizes and optimizes online transactions. Fetch.ai’s price is currently $2.43, with a 2.49% increase. Over the past week, FET’s value has climbed by over 24%, elevating its market capitalization to $2.9 billion and placing it 51st in global rankings.