Artificial Intelligence (AI) is revolutionizing various industries, and the crypto sector is no exception. AI-driven cryptocurrencies are at the forefront of this technological shift, offering innovative solutions that promise to transform the way we interact with digital assets. As we move into 2024, several AI crypto coins are emerging as potential game-changers. Here are the top 5 AI crypto coins you cannot miss in 2024.

Key Takeaways

• The Graph (GRT) is a decentralized protocol for indexing and querying data from blockchains, making it easier to access and analyze blockchain data.
• Injective Protocol (INJ) is a decentralized exchange protocol that offers advanced trading features and integrates AI to enhance trading strategies and market predictions.
• Fetch.ai (FET) is a decentralized machine learning platform that enables autonomous ‘agents’ to perform various tasks, from data sharing to complex economic transactions.
• Ocean Protocol (OCEAN) focuses on unlocking data for AI consumption, providing a decentralized data exchange protocol to facilitate secure and transparent data sharing.
• iExec RLC (RLC) offers a decentralized cloud computing platform that leverages AI to optimize resource allocation and improve computational efficiency.

The Graph (GRT)

The Graph is a decentralized platform for blockchain data indexing and querying, often referred to as the ‘Google of Web3.’ It simplifies data access by organizing it into subgraphs, which anyone can develop to provide applications with indexed blockchain data. The Graph’s ecosystem is fueled by its native cryptocurrency – GRT.

Key Features

• Decentralized Network: The Graph leverages a decentralized network of nodes, known as Indexers, to collect, process, and store blockchain data. This decentralized approach allows for more transparency and reliability compared to centralized data aggregation services.
• AI-Based Querying: During the AI hype in the second half of 2023, The Graph launched an AI-based querying feature, making blockchain data more approachable and user-friendly.
• Incentive Mechanism: The GRT token is used to incentivize participants, including Indexers, Curators, and delegates, to contribute to the network’s operations.

Why Invest in The Graph?

1. User-Friendly Data Access: The Graph makes blockchain data more approachable and user-friendly, smoothing the path toward wider adoption of blockchain technology.
2. AI Integration: The AI-based querying feature adds significant value, making it an invaluable tool for developers and data analysts.
3. Strong Ecosystem: The decentralized network and incentive mechanisms ensure a robust and reliable data indexing and querying service.

The Graph is an invaluable tool for anyone wanting to build dApps or analyze blockchain data, making life easier for developers and data nerds alike.

Price Prediction

According to recent predictions, The Graph’s short-term 50-day SMA is estimated to hit $0.505279 by June 22, 2024. The Relative Strength Index (RSI) momentum oscillator is a popular indicator to watch for potential price movements.

Injective Protocol (INJ)

Injective Protocol is a blockchain built specifically for finance, offering an open, interoperable layer-one blockchain that powers next-generation DeFi applications. These include decentralized spot and derivatives exchanges, prediction markets, lending protocols, and more. INJ, the main utility token, facilitates global trades in a permissionless manner and offers staking opportunities for passive returns.

Cross-Chain Capabilities

Injective Protocol stands out for its cross-chain capabilities, supporting features like cross-chain margin trading, derivatives, and forex futures trading. It leverages a PoS consensus mechanism for scalability and reduced energy consumption, making it a greener option for traders.

Read more: AI Solutions Propel Real World Asset Tokenization to New Heights

DeFi Onboarding

Injective Protocol operates as a second-layer cross-chain ecosystem, offering users the ability to trade derivatives across decentralized networks securely. By addressing scalability issues and lack of interoperability in the DeFi sector, it aims to streamline DeFi onboarding and provide an alternative to centralized exchanges.

Ecosystem and Interoperability

Injective enables classic token swaps, margin trading, and forex futures trading across multiple blockchains. Its dApps can seamlessly connect with other blockchains like Ethereum, Cosmos, and Solana, enhancing cross-chain interoperability. The ecosystem includes a wide array of dApps.

INJ is Injective’s native cryptocurrency. It is used for governance, validating transactions on the network, as well as incentives for developers.

Fetch.ai (FET)

Fetch.ai (FET) is an open and permissionless network that uses AI to build a decentralized machine-learning system to carry out blockchain tasks. Fetch.ai wants to build an “internet of things” powered by artificial intelligence. They envision a decentralized network where AI agents work for you, finding the best deals, optimizing your schedule, or even trading on your behalf. This network runs on the FET cryptocurrency, used to pay for AI services and reward those who help the network function.

Key Features

• Autonomous Economic Agents: These digital representatives can execute tasks and transactions for individuals or businesses without human intervention.
• Interchain Protocol: Fetch.ai offers a free, open, and decentralized framework that utilizes the power of AI for implementing automated peer-to-peer applications.
• Partnerships: Fetch.ai has partnered with big names like Bosch and Ocean Protocol, demonstrating the potential for real-world adoption of their technology.

Use Cases

Fetch.ai is making businesses run smoother by automating a lot of their tasks. Because it’s all built on AI, it’s leveling up the marketplace for these autonomous agents, making this cool tech more available and cheaper for everyone.

Market Performance

The live Fetch.ai price today is $2.32 USD with a 24-hour trading volume of $141,011,187.83 USD. We update our FET to USD price in real-time.

Fetch.ai aspires to offer a distinctive value proposition for diverse stakeholders, such as developers, financial service providers, and many other economic participants, by integrating cutting-edge technologies like Directed Acyclic Graph (DAG) and smart contracts.

Ocean Protocol (OCEAN)

Ocean Protocol is an open-source protocol that promises to simplify data sharing and monetization for organizations and individuals. The protocol offers a dataset tokenization service, which converts data into ‘datatokens’ and stores them on the blockchain. The protocol runs on the Ethereum network. The process of data tokenization enables organizations, enterprises, and individuals to sell or exchange datasets on the data marketplace of Ocean. The use of blockchain technology ensures the security and transparency of data transactions.

Key Features

• Tokenization of Data: Ocean Protocol converts data into ‘datatokens’ which can be easily traded or monetized.
• Ethereum-Based: The protocol operates on the Ethereum network, leveraging its robust blockchain infrastructure.
• Data Marketplace: A platform where users can buy, sell, or exchange datasets securely.

Founding Team and Investors

Ocean Protocol was founded in 2017 by Trent McConaghy (CEO), Bruce Pon (CTO), and Brian Singer (COO). The project has garnered support from 20 institutional investors, including Outlier Ventures, Amino Capital, and Blockchain Coinvestors.

Why It’s Important

Ocean Protocol is making the data world a better place. It’s more secure and transparent, so people are more willing to share. And thanks to AI, it’s also super efficient. This is great news for everyone from researchers to everyday data owners who want to unlock the value of their data.

Ocean Protocol is a data sharing ecosystem powered by AI and blockchain, allowing data owners to set their terms and directly control who can access their information resources.

iExec RLC (RLC)

iExec RLC represents a ground-breaking, decentralized project focused on developing a distributed cloud computing infrastructure driven by blockchain technology. This AI crypto project, started in April 2017, aims to provide users with a simple and safe marketplace where they can rent or share computing resources, like processing power and storage. iExec RLC democratizes access to computational resources, allowing efficient data processing and innovation in AI dapps.

Key Features

• Token: RLC
• Category: Web3 Marketplace
• Market Cap: $224.86M (Micro Cap)

Use Cases

iExec markets itself as a platform that permits anyone to “monetize or rent computing power, datasets, and applications.” It helps support AI’s heavy computing demands by offering a secure, blockchain-based platform for accessing computational resources.

Price Prediction

The closing price for RLC in 2024 will stand around $2.95, a -10.31% change from today’s price, presenting a promising opportunity to hold the coin during market fluctuations.

Conclusion

As we move further into 2024, the fusion of artificial intelligence and blockchain technology continues to show immense promise. The top 5 AI crypto coins highlighted in this article—The Graph (GRT), Injective Protocol (INJ), Fetch.ai (FET), Ocean Protocol (OCEAN), and iExec RLC (RLC)—are at the forefront of this revolution. These coins not only offer innovative solutions to real-world problems but also present significant investment opportunities. By leveraging AI, these cryptocurrencies are set to redefine the landscape of decentralized finance, security, and data management. For investors looking to stay ahead of the curve, these AI crypto coins are certainly worth considering. Stay informed, stay invested, and watch as these trailblazing technologies shape the future of the crypto industry.

Frequently Asked Questions

What are AI crypto coins?

AI crypto coins are digital currencies that leverage artificial intelligence technologies to enhance their functionalities, such as improving security, efficiency, and decision-making processes within blockchain networks.

Why should I invest in AI crypto coins in 2024?

Investing in AI crypto coins in 2024 could be lucrative due to the growing integration of AI in various industries. These coins offer advanced functionalities and have the potential to solve complex problems, making them attractive investment options.

What is The Graph (GRT)?

The Graph (GRT) is a decentralized protocol for indexing and querying data from blockchains. It uses AI to improve data retrieval processes, making it easier for developers to build decentralized applications.

How does Injective Protocol (INJ) stand out?

Injective Protocol (INJ) is unique due to its focus on creating a fully decentralized trading ecosystem. It leverages AI to enhance trading efficiencies and provides a platform for creating and trading various financial products.

What makes Fetch.ai (FET) unique?

Fetch.ai (FET) is designed to create autonomous economic agents that can perform complex tasks. It uses AI to optimize interactions between these agents, enabling more efficient decentralized solutions.

What is the purpose of Ocean Protocol (OCEAN)?

Ocean Protocol (OCEAN) aims to unlock data for AI consumption. It provides a decentralized platform for data sharing, ensuring data privacy and security while enabling AI models to access and utilize the data effectively.