Artificial intelligence (AI) has integrated with cryptocurrencies in the past few years and has led to the rise of a new class of digital assets known as AI cryptocurrencies. These AI cryptos leverage AI capabilities, offering several forms of utilities within their respective ecosystems. Here are the 10 best AI cryptocurrencies that you must consider buying in August 2024 if you want to stay ahead in the crypto and AI race.
1. ๐ง Fetch.AI NET (FET)
- Market cap: $2,136,143,625
- Market price: $0.8453
Fetch.AI NET has positioned itself as the largest crypto AI token by market capitalization by early 2024. Founded by Humayun Sheikh, Toby Simpson, and Thomas Hain, this AI cryptocurrency has raised nearly $115.9 million in funding. Fetch.AI has teamed up with other AI cryptos like SingularityNET and Ocean Protocol to launch the Superintelligence Alliance, merging AGIX, OCEAN, and FET into $ASI (Artificial Superintelligence). Its market value makes Fetch.AI NET one of the best AI cryptocurrencies to buy.
2. ๐ NEAR Protocol (NEAR)
- Market cap: $4,108,890,106
- Market price: $3.70
NEAR Protocol is a layer-1 blockchain built to offer a scalable and developer-friendly environment for creating decentralized apps (dApps). It uses a sharding method called Nightshade to boost its scalability and performance, processing up to 100,000 transactions per second (TPS). NEAR's TPoS consensus mechanism and AI integration make it an excellent investment for 2024.
3. ๐จ Render Network (RNDR)
- Market cap: $1,792,069,074
- Market price: $4.56
Render Network (RNDR) is a blockchain platform built on Ethereum that decentralizes GPU cloud rendering. It links those in need of rendering services with owners of high-performance GPUs. Render Network supports tasks from simple rendering to complex AI and machine learning projects, making it one of the top AI cryptos to buy in August 2024.
4. ๐ The Graph (GRT)
- Market cap: $1,306,155,298
- Market price: $0.1368
The Graph is a decentralized, open-source indexing protocol that gathers, processes, and stores data similar to web search engines like Google. It supports at least 14 languages, making it one of the most sought-after AI crypto tokens. The Graph has ventured into decentralized AI with Agentc, an open-source ChatGPT-like tool.
5. ๐ค BitTensor (TAO)
- Market cap: $1,823,368,622
- Market price: $252.53
BitTensor is an open-source infrastructure based on the Subtensor blockchain. It employs a unique consensus mechanism called Proof-of-Intelligence (PoI). BitTensor operates as a decentralized marketplace with multiple subnets dedicated to specific tasks like AI, machine learning, and data storage. Supported by Polychain Capital, BitTensor is a significant player in the AI crypto space.
6. โ๏ธ Akash Network (AKT)
- Market cap: $653,054,309
- Market price: $2.64
Akash Network introduces a cloud-computing marketplace where users can buy and sell cloud resources using AKT as the payment method. It offers decentralized storage and asset ownership at lower costs compared to traditional systems. Partnerships with major entities like Coinbase Prime and Solve.Care bolster its reputation as a leading AI crypto.
7. ๐บ AIOZ Network (AIOZ)
- Market cap: $545,722,671
- Market price: $0.4956
AIOZ Network is a blockchain-based platform offering scalable solutions in Web3 storage, AI computing, live streaming, and video on demand. It operates on the Cosmos network and uses a Delegated Proof-of-Stake (DPoS) consensus mechanism. AIOZ is the first DePIN project listed on Nvidiaโs Accelerated Applications Catalog.
8. ๐งฌ SingularityNET (AGIX)
- Market cap: $233,850,345
- Market price: $0.3967
SingularityNET is a marketplace for AI products and services, enabling users to develop AI-powered models through its blockchain platform. It offers smart contract templates to simplify and accelerate development. The coin reached an all-time high of $1.46 on March 10, 2024, making it a significant player in the AI crypto ecosystem.
9. ๐ Ocean Protocol (OCEAN)
- Market cap: $137,486,983
- Market price: $0.3748
Ocean Protocol facilitates the direct sale of specific data across various industries, including healthcare, finance, and e-commerce. It provides tools for building AI decentralized applications and APIs for monetization. Ocean Protocol is part of the Superintelligence Alliance and has partnered with NIM Network for AI integration in gaming.
10. ๐ Chainlink (LINK)
- Market cap: $6,120,416,499
- Market price: $10.07
Chainlink is the largest decentralized oracle network, helping blockchain networks communicate with the outside world. It facilitates cross-chain communication and can be integrated into many AI use cases. Chainlink's market cap and utility make it one of the largest and most promising AI cryptocurrencies.
Stay ahead in the crypto and AI race by investing in these top AI cryptocurrencies in August 2024! ๐
