The explosion of generative AI towards the end of 2022 with the introduction of Chat GPT, a large language model (LLM), ushered in a new era for the cryptocurrency industry, bringing the fusion between artificial intelligence (AI) and blockchain to the peak drift. Investors have seen an influx in Best AI-based altcoins such as Fetch.AI (FET), CorgiAI (CORGIAI), SingularityNET (AGIX), PAAL AI (PAAL) and Bittensor (TAO) which currently stand out from the rest.
As the bull run approaches and the AI frenzy continues to ignite, booking early seats in these projects could give holders a big boost.
1. Fetch.AI (FET)
Fetch.AI, an innovative AI research facility, is developing a decentralized, open-access machine learning network powered by blockchain technology. This project aims to decentralize and streamline online transactions, drive efficiency and improve the overall user experience.
Over the past 24 hours, Fetch.AIs market value saw a significant increase of 15%, reaching a trading price of $0.9472. This surge has propelled its market capitalization to $786 million, placing it at 96th in the world market capitalization rankings.
Since the 5th of February, the value of FET has increased by an impressive 80%, pushing its market price well past the $0.94 mark. Over the past week, this remarkable 40% increase is a milestone, reaching a two-year record high.
This surge in value comes on the heels of a announcement from Deutsche Telekom, unveiling their partnership with Fetch.AI to further develop its blockchain technology. This collaboration underscores Fetch.AI’s position as a leading AI altcoin in the current market.
2. CorgiAI (CORGIAI)
CorgiAI has emerged as a pivotal, community-led AI enterprise, emphasizing the creation and nurturing of a tight-knit group. This initiative aims to harness collective power to forge innovative, community-empowering tools. Recently, CorgiAI has seen a remarkable increase in its market value, with a 5% increase in its price, which now stands at $0.001697, marking a significant increase within the last day.
This performance is even more impressive over the past quarter, with a staggering 1,800% growth in its value. The team behind CorgiAI also unveiled the Corgi Cre8r, a sophisticated tool that uses AI to generate text-to-image NFTs. This development positions CORGIAI as one of the most promising meme coins on the market this year.
3. SingularityNET
SingularityNET (AGIX) has particularly attracted attention in cryptocurrency over the past year, thanks to its promising performance. This AI-focused altcoin began its upward trajectory with Fetch AI (FET) in 202, when AI narratives began to dominate the crypto conversation. AGIX is up more than 80% in the past week alone, showcasing its potential in a market still exploring the full extent of AI’s impact.
Despite a market cap hovering just under $700 million, the optimism surrounding AGIX is palpable, with many seeing it as a prime candidate for significant growth as AI technology continues to shape market trends.
AGIX trading at $0.5241, representing a significant increase of 68% over the past week. Its market capitalization stands at $659 million, placing it seventh in the ranking of AI-focused cryptocurrencies. This growth reflects the increasing interest and investment in AI within the crypto sector.
4. POLE AI (POLE)
Another notable AI-driven project is PAAL AI (PAAL), which uses AI and machine learning to provide advanced chatbot functionalities. These include natural language processing, image recognition and decision-making capabilities. As an Ethereum-based token, PAAL rewards its holders through profit sharing and token buyback strategies, increasing its demand and value.
PAAL’s value is $0.345164, with trading volumes reaching $5,941,695 in the last 24 hours. This impressive rise of over 95% in the past week positions PAAL AI as the best AI altcoin to consider.
5. Bittensor (TAO)
Bittensor (TAO) is at the forefront of an innovative shift, interweaving blockchain and artificial intelligence to revolutionize the machine learning landscape. This groundbreaking initiative strives to make machine learning development and application more accessible and collaborative, fostering a shared AI ecosystem.
In recent market movements, TAO has shown a strong increase of over 12%, indicating strong investor confidence. The price of Request sor is $615.87, with its market cap reaching $3,867,978,403, highlighting its growing influence in the sector.
Bottom line
The intersection of AI and blockchain heralds a transformative era for cryptocurrencies, with Fetch.AI, CorgiAI, SingularityNET, PAAL AI and Bittensor leading the charge. Their innovative approaches and recent market successes underscore the huge potential for growth as 2024 approaches, making them compelling considerations for investors eager for the next wave of technological evolution.
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Disclaimer for Uncirculars, with a Touch of Personality:
While we love diving into the exciting world of crypto here at Uncirculars, remember that this post, and all our content, is purely for your information and exploration. Think of it as your crypto compass, pointing you in the right direction to do your own research and make informed decisions.
No legal, tax, investment, or financial advice should be inferred from these pixels. We’re not fortune tellers or stockbrokers, just passionate crypto enthusiasts sharing our knowledge.
And just like that rollercoaster ride in your favorite DeFi protocol, past performance isn’t a guarantee of future thrills. The value of crypto assets can be as unpredictable as a moon landing, so buckle up and do your due diligence before taking the plunge.
Ultimately, any crypto adventure you embark on is yours alone. We’re just happy to be your crypto companion, cheering you on from the sidelines (and maybe sharing some snacks along the way). So research, explore, and remember, with a little knowledge and a lot of curiosity, you can navigate the crypto cosmos like a pro!
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