The artificial intelligence industry began booming at the start of 2024, with
OpenAI's Sora
product generating a new wave of
hype
within the sector. As a result, AI cryptos are starting to surge as
traders
look to
position
themselves early to take advantage of the
mega price swings
.
AI cryptos are projects integrating AI technology or providing services related to AI infrastructure.
These
AI crypto coins
are starting to see mega-bullish pressure as the overall technology sector witnesses enormous growth.
Some tokens on this list are newly
emerging
projects beginning to gain traction, while others are expected to see continued growth in 2024.
1. Scotty the AI - An AI-centered meme coin with a suite of AI-powered products.
2. eTukTuk - An EV revolution with AI integration for drivers.
3. SingularityNET - A decentralised AI marketplace.
4. Render - A decentralised GPU computing power network for AI.
5. Akash Network - An open network to buy and sell computing resources.
Scotty the AI
Scotty the AI ($SCOTTY) is one of the newly emerging AI cryptos that’s starting to gain traction in the latest AI boom.
The meme coin project intends to combine AI and
blockchain
technology to bring AI-powered solutions that help traders increase security, fraud detection, and risk mitigation. In a nutshell, the innovative deflationary AI crypto coin wants to bring advancements in safeguarding the integrity and confidentiality of the crypto world.
The project is based on the Scottish Terrier breed of dog, which is fitting as the breed is known to be fiercely loyal and incredibly intelligent.
One of its products is Scotty Swap, a DEX for seamless token exchanges with advanced order types and an AI integration that ensures every trade is optimised for security and maximum gains.
Another product is Scotty Chat, an AI-powered chatbot that provides deep insights into market analysis and trends for those interacting with it.
Overall, Scotty the AI combines meme coins with AI in the brightest way, providing a valuable utility for the community.
The token can be purchased on the project's website at early adopter presale prices.
Buy $SCOTTY today.
eTukTuk
eTukTuk ($TUK) is another newly-emerging project utilising AI technology to bring EV solutions to the developing world.
While the developed world has seen remarkable progress in sustainable transport, developing economies are left behind because technology is too expensive.
eTukTuk intends to kickstart the sustainable transport revolution in the developing world through its groundbreaking affordable three-wheeler EV, designed to replace the traditional tuk-tuk.
In addition, eTukTuk will launch its charging infrastructure, providing rewards for all $TUK holders as drivers charge their vehicles.
The project uses AI integration in its Diver App to help increase driver efficiency by optimising driving routes and minimising battery consumption. The AI technology will also collect data for enhanced efficiency and let drivers know when to charge their vehicles.
Overall, eTukTuk's AI integration puts the sustainability project into the spotlight as it seeks to make a positive impact.
$TUK is still on presale but is swiftly coming to the end of its fundraising.
Buy $TUK today.
SingularityNET
SingularityNET ($AGIX) is one of the trending AI-based cryptos on the market today, with $1 billion market cap value.
The project is a decentralised AI marketplace that aims to accelerate the advancement of artificial general intelligence (AGI) research.
Co-founded by Dr Ben Goertzel and Dr David Hanson, SingularityNET allows developers to deploy their AI creations to be used by anyone, with over 70 valuable services already available on its marketplace. The services span multilingual speech translation, real-time voice cloning, and neural image generation.
The $AGIX token is the native utility token for the platform, primarily used for paying for marketplace services, governance voting, and staking. The token has seen a remarkable performance so far in 2024 and is expected to continue to excel throughout the year.
Render Network
Render Network is another heavyweight in the AI sector. It enables individuals to contribute their GPU power to allow AI companies to utilise the resources for services such as 3D rendering and digital content creation. This creates an infrastructure network for the future growth of AI and Machine Learning (ML), making it a vital component of the entire AI ecosystem.
The peer-to-peer network of GPUs provides nearly unlimited computation power for AI companies, allowing them access to cost-effective options to train their AI models. In addition, AI companies can utilise GPU power to render the videos, motion graphics, and images that AI technology produces through technology such as Sora and Dall-E.
Like $AGIX, $RNDR has also seen growth in 2024, with investors believing there is more to come. The token monetises GPU rendering, creates image rights protection, and offers AI services.
Akash Network
As the decentralised computing marketplace grows, Akash Network will continue turning heads in 2024.
The cloud computing platform provides a marketplace allowing server owners with excess computational capacity to connect with users needing the resource, creating a decentralised cloud for computation. The network stands out as it's built on Tandermint through Cosmos SDK, making it a very fast and cost-efficient blockchain on which to build.
The project offers a single cloud-based computation service that is more flexible and cost-effective with higher performance, which is why most refer to it as the supercloud. Furthermore, Akash Network is private, permissionless, and censorship-resistant as it is an entirely decentralised cloud service.
Akash Network is not locked down to just AI. It can be used for various services, including middleware, DAO websites, gaming, and mining.
The $AKT token is integral to the network and is used to pay transaction fees, settle computational leases, and governance voting.
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