Contents:
- Artificial Superintelligence Alliance (FET)
- The Graph (GRT)
- VeChain (VET)
- Numeraire (NMR)
Larry Ellison, Oracleâs founder and CTO, has predicted a $100 billion AI boom, highlighting the significant impact AI will have on industries worldwide. During Oracleâs earnings call on Monday, Ellison expressed his optimism about AIâs growth potential, stating, âthis business is just growing larger and larger.â He noted that the AI competition will be fierce and that creating cutting-edge AI models could require a starting investment of $100 billion. Ellison also mentioned that Oracle is developing extensive AI infrastructure, including large Nvidia GPU clusters, to support AI model training.
Here are 4 AI-driven crypto coins to watch:
**Artificial Superintelligence Alliance (FET)**
The Artificial Superintelligence Alliance (FET) is at the top of the list of crypto coins that could rally with AI expansion. FET aligns with the goals of using AI in automation, data exchange, and decentralized AI services. Currently, the FET price is $1.32, and the alliance contributes to a $3.3 billion market cap. According to Santiment data, FET's active addresses have surged to 6,042, reflecting increasing user engagement and investor interest in AI-driven crypto.
**The Graph (GRT)**
The Graph (GRT) provides decentralized indexing and querying of blockchain data, crucial for AI applications relying on large datasets. As AI grows, demand for GRT could increase, as the Graphâs data infrastructure expands. GRT is currently priced at $0.14 and holds strong support at $0.125. While the market trend remains sideways, large holders (wallets with 1 million to 10 million GRT) have been accumulating since December 2020, now holding a peak of 1 billion coins. This buying activity suggests that whales anticipate a major reversal in GRT.
**VeChain (VET)**
VeChain (VET) is a blockchain platform designed to improve supply chain management and business processes through decentralized technologies and AI integration. VET is currently priced at $0.22 and has a market cap of $1.78 billion. The coin has shown a downtrend over the past seven months, following a falling wedge pattern. If the bullish reversal holds, buyers aim for a breakout at $0.023, which could trigger a recovery trend.
**Numeraire (NMR)**
Numeraire uses AI and machine learning to crowdsource financial predictions from data scientists globally. With the Oracle CTO spotlighting AI advancements, crypto coins like NMR could see increased attention. Numeraireâs user base continues to grow, with total addresses now at 36.98K, according to Intotheblock data. This growth reflects the increasing utility of Numeraire, which could accelerate the coinâs recovery. NMR is currently priced at $14.81, with a 24-hour gain of 1.28%, and a market cap of $106.85 million.
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