AI crypto coins leverage artificial intelligence to enhance the functionality, security, and efficiency of blockchain networks. These innovative projects are revolutionizing the financial landscape by combining the power of AI algorithms with the decentralized nature of blockchain technology.
Through the implementation of AI, these coins can automate processes traditionally performed by individuals, such as data analysis and decision-making. This enables faster transaction processing, improved security, and increased accuracy. As a result, AI crypto coins are poised to transform various sectors, including finance, healthcare, supply chain management, and more.
To understand the landscape, we’ve analyzed some of the leading AI crypto projects based on their marketcap value, as tracked by CoinMarketCap.
Internet Computer (ICP)
The Internet Computer (ICP) is a cryptocurrency powering a network of independent data centers that aims to create a decentralized alternative to the cloud. Think of it as a giant, distributed computer built on blockchain technology. ICP is currently trading at $16.85 with a total market cap of $7.8B and has a circulating supply of 461,277,252 ICP.
NEAR Protocol (NEAR)
NEAR Protocol (NEAR) is a blockchain platform designed to be scalable, secure, and developer-friendly. Unlike some blockchains that struggle with slow transaction times and high fees, NEAR aims to offer a smooth user experience for everyday applications. NEAR utilizes a clever technique called sharding to split the network workload, allowing for faster transaction processing. NEAR provides a robust set of tools to make it easier for developers to build decentralized applications (dApps) on their platform. NEAR is currently trading at $7.38 with a total market cap of $7.7B and has a circulating supply of 1,054,016,312 NEAR.
The Graph (GRT)
The Graph (GRT) isn’t your typical cryptocurrency. It’s the fuel for a decentralized indexing protocol that unlocks the secrets hidden within blockchains. Imagine a giant search engine specifically designed for the complex world of blockchain data. Blockchains hold a vast amount of information, but accessing it efficiently can be a challenge. The Graph steps in, organizing data through open APIs called subgraphs. These subgraphs act like filters, allowing users to find the specific data they need quickly and easily. GRT tokens are the lifeblood of The Graph network. Users spend GRT to query subgraphs and access valuable blockchain data. This creates an economic incentive for people to curate and maintain high-quality subgraphs, ensuring a robust and reliable data ecosystem. GRT is currently trading at $0.39 with a total market cap of $3.6B and has a circulating supply of 9,456,355,840 GRT.
Injective (INJ)
Injective is the native token powering a unique blockchain platform specifically designed for decentralized finance (DeFi) applications. Think of it as a financial playground built on blockchain technology, free from centralized control. Injective aims to bridge the gap between the speed and features of centralized exchanges (CEXs) with the transparency and security of decentralized finance. With its focus on cross-chain compatibility, high-performance trading, and community governance, Injective is poised to become a major player in the evolving landscape of DeFi. Injective boasts seamless integration with various blockchains, allowing users to trade and manage assets from different ecosystems on a single platform. This eliminates the need for complex conversions and opens doors for innovative cross-chain DeFi opportunities. INJ is currently trading at $37.44 with a total market cap of $3.49B and has a circulating supply of 93,400,000 INJ.
RENDER (RNDR)
It’s the fuel powering a decentralized network of high-performance computing resources, specifically catering to the needs of 3D artists and studios. Imagine a marketplace where anyone can access powerful rendering capabilities, without the hefty price tag of traditional cloud services. This token fuels the network. Artists use RNDR to pay for rendering jobs, while node operators (those who contribute their GPUs) are rewarded in RNDR for providing computing power. This creates a win-win situation for both sides of the marketplace.
RNDR is currently trading at $11.04 with a total market cap of $4.2B and has a circulating supply of 381,860,659 RNDR.
Fetch.ai (FET)
By bringing AI and blockchain together, Fetch.ai opens doors for a future of intelligent automation and collaboration. The FET token plays a crucial role in facilitating this connection, and its potential applications span a wide range of fields. Fetch.AI is an artificial intelligence (AI) lab building an open, permissionless, decentralized machine learning network with a crypto economy. Fetch.ai democratizes access to AI technology with a permissionless network upon which anyone can connect and access secure datasets by using autonomous AI to execute tasks that leverage its global network of data. The Fetch.AI model is rooted in use cases like optimizing DeFi trading services, transportation networks (parking, micromobility), smart energy grids, travel — essentially any complex digital system that relies on large-scale datasets.
FET is currently trading at $2.61 with a total market cap of $2.18B and has a circulating supply of 840,034,433 FET.
GT Protocol (GTAI)
The GT Protocol’s robust ecosystem merges an investment protocol for decentralized Web3 funds management with Blockchain AI Execution Technology, both accessible through the GT API SDK. AI execution technology enables the execution of any trade, swap, or NFT investment command on centralized exchanges, decentralized exchanges, and NFT platforms simply by sending a text prompt or even a voice message to our AI model. The purpose of this technology is to simplify and make the process of crypto investment and trading accessible for Web 2.0 users while also improving the UI/UX experience for professional Web3 users.
GTAI is currently trading at $3.26 with a total market cap of $25M and has a circulating supply of 7,732,754 GTAI.
Bittensor (TAO)
Bittensor creates a dynamic ecosystem where AI models cooperate, users benefit from the collective knowledge, and everyone is incentivized to contribute to the network’s growth. This innovative approach has the potential to revolutionize the way we train and utilize AI in the future. Bittensor is an open-source protocol that powers a decentralized, blockchain-based machine learning network. Machine learning models train collaboratively and are rewarded in TAO according to the informational value they offer the collective.
TAO is currently trading at $631.87 with a total market cap of $4B and has a circulating supply of 6,482,875 TAO.
Ocean Protocol (OCEAN)
Ocean Protocol builds the infrastructure for a data economy powered by blockchain and AI. Leveraging the power of blockchain, decentralized networks, and advanced cryptography, Ocean Protocol creates a secure environment for data sharing while preserving user privacy. OCEAN is currently trading at $1.22 with a total market cap of $696M and has a circulating supply of 568,381,103 OCEAN.
Arkham (ARKHAM)
Arkham utilizes its AI muscle to analyze transactions and data on the blockchain, potentially revealing the real-world identities behind them. This doesn’t mean complete anonymity is gone, but it adds a layer of scrutiny for those hoping to operate entirely under the radar in the blockchain realm. ARK utilizes smart contracts, self-executing code on the blockchain, to manage the creation and deployment of AI applications. This ensures transparency and trust within the ecosystem, something crucial for the responsible development of AI. ARKHAM is currently trading at $3 with a total market cap of $450M and has a circulating supply of 150,000,000 ARKHAM.
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