AI crypto: the 4 best cryptos to follow in 2024

Here are the AI cryptos to watch in 2024

• Render (RNDR)
• Fetch.ai (FET)
• Ocean Protocol (OCEAN)
• PAAL AI (PAL)

Market developments and current trends

Who said the crypto market was all about Bitcoin! There are thousands of different cryptocurrencies on the market.
Many have concrete applications in different fields, such as DeFi, NFT, metavers, gaming, data integration, video streaming and so on.
Among these thousands of coins are cryptocurrencies that specialize in Artificial Intelligence.
While some have been created recently following the buzz generated by ChatGPT, others are older projects.
These AI cryptos are often associated with other related technologies such as Big Data.
According to Coinmarketcap data, the AI and Big Data crypto sector has a capitalization of €28 billion (as at March 6, 2024).
The top 10 AI and Big Data cryptos in terms of capitalization are:

• NEAR Protocol (NEAR);
• Bittensor (TAO);
• Render (RNDR);
• Theta Network (THETA);
• The Graph (GRT);
• Fetch.ai (FET);
• SingularityNET (AGIX);
• Akash Network (AKT);
• Oasis Network (ROSE) ;
• Ocean Protocol (OCEAN).

AI’s impact on the cryptocurrency sector

The intersection of AI and cryptocurrencies makes perfect sense.
As a reminder, the fundamental principle of cryptocurrencies is to operate in a decentralized way.
Thanks to blockchain technology, crypto networks are able to manage transactions without intermediaries.
Artificial Intelligence also meets this need for decentralization.
AI enables faster data processing that is not subject to third-party control.
Unsurprisingly, Artificial Intelligence has quickly found its place on the cryptocurrency market.
Success is on the cards!
To see for yourself, just look at the evolution of AI crypto prices.
Of the 10 AI cryptos listed above, 8 have a capitalization in excess of 900 million euros, and are among the top 100 worldwide!
Like NFTs and metavers before it, AI is opening the door to new applications for cryptocurrencies.
AI is therefore directly involved in the worldwide adoption of cryptos.

The advantages of combining artificial intelligence and blockchain

The combination of AI and blockchain technologies improves :

• Data authenticity. AI processes a lot of data.
  Blockchain, on the other hand, acts as a public register and is unforgeable.
  The blockchain can store an audit trail to attest to the integrity of the data and reinforce its security.
• Establishing data. The blockchain is a register that enables a large amount of data to be recorded and processed.
  The blockchain is therefore a reservoir of data that can be exploited by artificial intelligence.
• Data automation. Artificial intelligence improves efficiency by anticipating and creating patterns of action.
  Smart contracts, central to decentralized blockchain applications, automatically execute actions when certain conditions are met.
  The combination of these two technologies can improve the efficiency of certain processes.

Artificial intelligence and blockchain applications

The benefits of combining artificial intelligence and blockchain are therefore numerous.
They could be applied to a wide range of fields, such as :

• Healthcare & Pharmaceuticals: extraction and archiving of patient data for better support, management of patient consent, identification of mathematical models, improvement of healthcare, protection of patient data, traceability of the drug supply chain, transparency of clinical trials.
• Industry: tracking the supply chain of a product, traceability of a product and carbon emissions during its life cycle, creation of decentralized data to track a sector’s emissions and provide AI-derived solutions for decarbonization.
• Finance: acceleration of transactions such as loan procedures, secure archiving of customer financial data, decentralized financial services.

Discover below 4 AI cryptos to know in 2024 :

Render

RENDER is an ERC-20 token that runs on Ethereum, and is the native token of the Render platform.
Although the project was launched in 2009, the token has been distributed since 2017.
The Render development team is based in Los Angeles.
Render is a platform for the decentralized exchange of computing power (or GPU, Graphics Processing Unit).
In concrete terms, on Render, users can exchange computing power on a peer-to-peer basis, as and when required.
By lending their computing power, users earn revenue via the RENDER token.
The applications for Render are therefore very numerous.
Today’s services and platforms require ever more power to function.
This is particularly true of AI applications.
Since April 2023, the network has improved its connectivity by opening up to the Solana blockchain, which is cheaper and faster than Ethereum.
The decision was taken by the Render community following the vote on RNP-002.

Why buy Render in 2024?

• Platform with concrete utility (sharing computing power)
• A token that’s not just about AI…
• Affordable price

Render, a token for Artificial Intelligence! Buy RENDER safely with Coinhouse.

Fetch.ai (FET)

Unlike many other projects, Fetch was launched in 2017 as an IEO (Initial Exchange Offering), not an ICO (Initial Coin Offering).
During its IEO, the company raised funds via the Binance exchange.
The team in charge of Fetch is made up of three people with a strong background in AI and machine learning: Humayun Sheikh (CEO), Toby Simpson (CTO), Thomas Hain, (CTO). Fetch.ai is a marketplace offering various AI-based services.
The platform offers services related to trading, but also in other fields such as transport, energy, etc.
As a sign of its potential, Fetch has managed to raise $250 million since its launch in several fund-raising rounds.
What’s more, it has partnerships with well-known players such as German manufacturer Bosch.
In 2023, Fetch developers published a highly ambitious roadmap, which saw the arrival of staking and NFT on the Fetch portfolio.

Why buy Fetch.ai in 2024?

• Platform specialized in AI services
• Firm with solid investors and partners
• Affordable course

Strong price momentum (+400% in 30 days – Fetch ai price) Fetch, a crypto that democratizes Artificial Intelligence!

Ocean Protocol (OCEAN)

OCEAN is an ERC-20 token, running on Ethereum.
The aim of Ocean Protocol is to share data.
To exchange data, Ocean Protocol uses "datatokens".
These tokens tokenize the data.
Individuals retain ownership of their data.
However, this data can be exploited by other players, notably artificial intelligence.
The link between Ocean Protocol and AI is reinforced when we look at the protocol’s founders.
Ocean Protocol was founded by Bruce Pon and Trent McConaughey.
Bruce Pon, in particular, has specialized in artificial intelligence since the 1990s.
He has worked for the US National Defense.

Why buy Ocean Protocol (OCEAN) in 2024?

• Very affordable course
• Strong price momentum with + 170% over 30 days
• Platform focused on data sharing

OCEAN, the token that combines tokenization and AI!

PAAL AI (PAL)

Paal is a platform entirely dedicated to artificial intelligence.
It uses various AI technologies such as :

• NLP, Natural Language Processing, refers to the ability of machines to take over and manipulate human language.
• ML, Machine Learning.
  This is a sub-field of AI based on the development of algorithms that enable machines to learn from data and improve their performance over time.
  Instead of arbitrary rules, machines "learn" by establishing patterns based on history.
• Automation.
  This is a process that uses artificial intelligence to make software autonomous.
  By bringing all these tools into play, PAAL’s ambition is to improve AI so that it provides personalized and precise responses that take into account user preferences.

Why buy PAAL AI (PAL) in 2024?

• Platform entirely dedicated to artificial intelligence
• Very affordable price, less than one euro
• Recently launched (June 2023) and still little-known token

The PAL token for even greater artificial intelligence!

Future prospects for AI cryptos

The future of AI cryptos is linked to the development of artificial intelligence.
For most analysts, there’s no doubt that AI is THE technology of the future.
In addition to its almost limitless potential, artificial intelligence has applications in virtually every field, from industry to finance to services.
A sign of its potential, more and more leading players are getting to grips with artificial intelligence and developing new AI products.
In this context, AI cryptos have a bright future.
AI-related blockchain projects will continue to grow and forge important partnerships.
As a result, tokens linked to these projects have a good chance of seeing their price rise.
The arrival of a bull run in 2024 could only benefit them. What if AI cryptos were the big winners of the crypto bull run in 2024?