The Top 5 AI Cryptocurrencies to Watch in 2023
Reading Time: 3 minutesIt’s a big moment for AI, and the world of crypto is coming along for the ride.
As the world focuses on artificial intelligence on the back of ChatGPT’s roaring success, it’s only natural that the cryptocurrency world is following suit. Cryptocurrencies that integrate AI or use AI for different purposes are everywhere, so it’s only right to figure out the best AI-based cryptocurrencies to watch in 2023.
The 5 Top AI Cryptocurrencies to Watch in 2023
AI is everywhere in 2023, and the crypto world is no different. Below are the top AI cryptos to watch in 2023.
1. SingularityNET
SingularityNET is a platform for AI developers to share and monetize their works and ideas. It’s like a digital room where people can collaborate to create new and better AI technology. By making it easier for people to share their works, SingularityNET hopes to make AI technology more accessible and help speed up the development of new and innovative AI applications.
AGIX is the native token used for community governance, distribution, and monetization of AI services within the SIngularityNET ecosystem. One AGIX currently costs $0.40, with an all-time high of $0.95 and an all-time low of $0.007.
2. The Graph
The Graph is a decentralized data indexing and querying system that offers a standardized and effective way to access and arrange blockchain data. Similar to how search engines extract and show data from the web, it enables developers to quickly access and query data from numerous blockchains.
The Graph Network Token (GRT) is the native token of the network. At the time of writing, it costs $0.17, with GRT’s highest and lowest price being $2.84 and $0.05, respectively.
3. Fetch.ai
Fetch.ai employs the fusion of blockchain and artificial intelligence to develop autonomous economic agents (AEA) capable of performing complex tasks such as information sharing, decision-making, and optimizing supply chains. It aims to establish a decentralized digital economy to facilitate interactions and value exchange between people, businesses, and robots.
The native token and the main medium of exchange for Fetch.ai is the Fetch.ai token (FET), which currently sells at $0.44 with an all-time high and low of $1.17 and $0.008.
4. Ocean Protocol
Ocean Protocol (OCEAN) is a cryptocurrency and blockchain project that aims to create a decentralized data exchange for AI applications. It allows data owners to sell and monetize their data while maintaining privacy and data ownership. The platform enables developers to create AI applications and services using the data available on the network. In addition, it allows for the development of new data marketplaces and data-driven business models.
OCEAN is used for payment on the network and incentivizes participants to contribute data, provide AI services, and validate transactions on the network. It currently costs $0.47, with an all-time high and low of $1.92 and $0.002, respectively.
5. Numerai
Numerai (NMR) is a cryptocurrency and blockchain project that aims to build an artificial intelligence-powered decentralized hedge fund. It employs machine learning algorithms to forecast stock market prices to generate returns for investors. A network of data scientists competes to create the most accurate models by making predictions.
To participate in staking on predictions, payments, and rewards for tournament participants, you need to hold NMR, which presently costs $21.80, with an all-time high of $168 and an all-time low of $1.93.
AI Cryptos Could Grow As AI Integration Increases
Artificial intelligence (AI) is shaping the future of humanity.
However, conducting thorough research and exercising caution before making any investment decision is essential. When analyzing the current prices of the native tokens of the projects discussed and comparing them with their all-time highs and lows, it becomes evident that prices have exhibited significant volatility and unpredictability.
While such fluctuations may present opportunities for quick gains, they can also result in substantial losses. Thus, understanding the risks is crucial in making informed investment decisions. Patience and careful consideration are key to achieving long-term success in the dynamic world of crypto AI investment.
Reference: https://www.makeuseof.com/top-ai-cryptocurrencies-to-watch/
Ref: makeuseof
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