Top 5 AI Cryptocurrencies to Watch Out For
There are many AI cryptocurrencies emerging almost every day. This list will show the best that you should keep an eye on.
In this era, we have embraced Artificial Intelligence (AI) and we are using them in almost all daily activities. With ChatGPT currently taking the lead on the AI we use often, there are others out there that are used for specific purposes.
One industry where AI has emerged in recent times is the Crypto industry. There are AI technologies involved in the Crypto markets now and people are investing heavily in them. Some of these AI cryptos are what I will list right below.
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Top AI Cryptocurrencies to Watch Out For This Year
These are some of the AI cryptocurrencies you should watch out for this year. They are currently growing rapidly which makes them worth looking at.
Disclaimer: The content on this page is meant for educational purposes only and must be treated as such. Do not use the information on this page as financial advice to aid your investment in cryptos. The crypto market is a volatile market and you must always consult your financial adviser in order to invest.
If you decide to invest regardless of this disclaimer, ictcatalogue.com will not be held responsible for the aftermath of your investment.
1. Fight Out ($FGHT)
Fight Out ($FGHT) is a cryptocurrency that was launched in 2021 as a utility token for the Fight to Fame project. This platform is a global entertainment platform that aims to create a new generation of action stars by merging the worlds of sports and entertainment. The platform is built on blockchain technology, which provides transparency and security for its users.
$FGHT is used within the Fight to Fame platform to facilitate transactions and reward users for their participation in the ecosystem. Users can also earn $FGHT by participating in various activities on the platform, such as promoting Fight to Fame or participating in the creation of new content.
Fight Out might sound like a game but it is actually an AI-tailored workout routine that rewards users in crypto. It parades itself as the fastest Play-to-Earn growing game of 2023.
Users can also purchase $FGHT from the official website fightout.com
2. SingularityNET (AGIX)
SingularityNET is a decentralized, open-source platform that aims to create a global network of artificial intelligence (AI) agents. You can also think of this as dealers in all types of AI algorithms.
SingularityNET also has its own cryptocurrency known as AGIX. As of the time of this article, the AGIX coin is priced at a $0.39 AGIX/USD ratio. Even though this cryptocurrency is quite volatile, it is also one of the AI cryptos investors should keep an eye on.
3. Velas (VLX)
Velas (VLX) is a blockchain-based platform that aims to offer fast and secure transactions, high scalability, and interoperability with other blockchain networks.
The Velas platform is also designed to use a unique consensus algorithm called Artificial Intuition (AI). This algorithm is intended to enable faster transaction processing times and increase scalability compared to other blockchain networks, while still maintaining a high level of security and decentralization.
Velas’ value is declining currently but most crypto analysts are rooting for it as one of the best AI cryptos to keep an eye on.
4. Fetch.ai (FET)
Fetch.ai is a platform that uses both AI and blockchain technology to create a decentralized network for autonomous agents.
The Fetch.ai platform uses a unique consensus algorithm called “Proof of Work” with Useful Tasks (PoUwT), which rewards participants for performing useful tasks on the network, such as data processing or validating transactions. This approach is also intended to incentivize participants to contribute to the network’s growth and improve its overall efficiency.
The FET token is the transaction token on which the Fetch.ai ecosystem operates. It is also one of the AI cryptocurrencies you should keep an eye on.
5. The Graph (GRT)
The Graph (GRT) is a decentralized, open-source platform that provides indexing and querying services for blockchain data. This platform also uses its own native cryptocurrency, GRT, to pay for indexing and querying services on the platform.
You should also know that as of the time of this article, GRT is capped at 10 billion tokens, with a significant portion reserved for incentivizing participation in the network through staking rewards and ecosystem development.
Conclusion: Top AI Cryptocurrencies
Cryptocurrency is a very good investment but it is one of the riskiest. Any little mistake could cost your entire investment. Always seek proper financial advice before going after any investment.
You should also know that all the cryptos listed above are based on data that is readily available online. This list does not contain any professional financial advice.