Cryptos are often grouped into different categories. For instance, we have the pioneering crypto Bitcoin, altcoins, metaverse tokens, NFT tokens, and more. Recently, AI tokens have gained traction. With the boom in AI, AI cryptos have made their mark in the crypto space. Before we discuss some of the top AI cryptos, let’s understand the basics first.
What are AI tokens?
AI tokens are digital assets used in AI-based projects on the blockchain. AI cryptos represent the best of both artificial intelligence (AI) and blockchain technology, the two most innovative technologies in the present time. Combining the decentralized and secure nature of blockchain with AI, a new breed of crypto has emerged known variously as AI crypto coins, AI tokens, or artificial intelligence cryptocurrency coins
Snapshot of Trending AI Crypto Coins
With AI booming, AI cryptos have made their presence felt in the broader crypto market. Let’s take a look at some of the top AI cryptos in the market today.
Note: The crypto ranking and prices are as of 25 April 2024. They are subject to change depending on the market movement.
Internet Computer (ICP)
Current price: $13.58
Rank: 19th
The Internet Computer (ICP) is a decentralized platform that offers fast, secure, and scalable alternatives to the current Internet infrastructure. The network is known for decentralization which enables it to function without centralized servers. ICP is the native token of the Internet Computer ecosystem that plays a vital role in governance, controlling resources, deploying smart contracts, and rewarding nodes. Besides its utility in the Internet Computer network, ICP is a popular crypto AI token and an investor favorite, evidenced by its 158% yearly gain. To check the current ICP coin price today in India, click here.
Near Protocol (NEAR)
Current price: $6.70
Rank: 17th
Near Protocol is a decentralized development platform that has a robust ecosystem for decentralized applications (dApps) development. The Near Protocol is powered by its native token NEAR that competes with crypto powerhouses like Ethereum, Solana, Cardano, and Polkadot. The platform can process over 100,000 Transaction processing systems (TPS) with minimal energy consumption.
Near Protocol follows the Proof of Stake (PoS) consensus mechanism, meaning users holding NEAR tokens can participate in the network’s decision-making, governance, and vote during important decisions.
Injective (INJ)
Current price: $25.96
Rank: 46th
The Injective Protocol is a Layer 2 application built on top of the Cosmos blockchain. It is a platform designed for decentralized finance (DeFi) and offers a suitable environment for DeFi apps like decentralized exchanges (DEX) by ensuring instant finality and high-speed performance. The Injective Protocol is powered by its native token INJ which has a remarkable yearly growth rate of over 250%, as per CoinMarketCap. With its ranking under the top 50 cryptos in terms of market cap, INJ remains a top AI crypto.
Render (RNDR)
Current price: $8.29
Rank: 33th
Often deemed one of the best networks for decentralized GPU sharing, Render is an Ethereum-based blockchain network for animation, VFX, and graphics. Its token, RNDR, which is a top ERC-20 token, fuels the platform. The Render Network provides a platform for individuals to contribute their unused GPU power to projects in return for rewards in RNDR tokens.
RNDR, a top AI cryptocurrency, gained over 360% in the past year. Notably, the AI crypto also hit its all-time high of $13.53, on March 17, 2024.
The Graph (GRT)
Current price: $0.26
Rank: 44th
The Graph is a decentralized blockchain indexing protocol that indexes blockchain data. The platform was originally built on Ethereum, but it moved the protocol to Arbitrum. This move was to cut down the cost of indexer’s nodes, the backbone of the decentralized network. Through its web of “delegators” and “indexers,” the platform enables Web3 developers to view blockchain data in a decentralized manner. Thanks to the features mentioned, the Graph is known as ‘Google of Web3.’
The Graph price hiked by over 100% in the past year and remains a top contender in the AI crypto landscape.
Akash Network (AKT)
Current price: $4.71
Rank: 77th
Launched in 2018, the Akash Network is a decentralized cloud computing platform built using the Cosmos software development kit (SDK). The platform facilitates the deployment of dApps on the cloud at a low cost. The platform is a first of its kind in the decentralized cloud and cloud computing marketplace. The platform is fueled by its AKT token which secures the network and confers governance rights to holders.
In the past year, the AKT token grew over 1,600%, a staggering number that saw its price zoom from a mere $0.30 to over $4.
Fetch.ai (FET)
Current price: $2.26
Rank: 53th
Fetch.ai is an AI-powered decentralized network that enables smart infrastructure for digital economies. It is considered one of the best AI networks that offers tools to build, deploy, and monetize AI services. It is an open-source, decentralized machine-learning platform on a distributed ledger. FET is the native token of the Fetch.AI ecosystem that facilitates transactions and other services.
In terms of yearly gains, FET gained over 580%, from $0.20 in May 2023 to over $2 in April 2024.
AIOZ Network (AIOZ)
Current price: $0.68
Rank: 107th
AIOZ Network is a Singapore-based web3 storage, decentralized AI computation, and video services platform. The AIOZ Network leverages elements from Cosmos and Ethereum Virtual Machine to emphasize efficiency and adaptability. The platform’s native token AIOZ is an ERC-20 token that powers the platform, allows staking, and also offers a reward mechanism.
The AIOZ token price rose from $0.01 to $0.69 in just a year, recording a staggering 2,900% plus gain, becoming one of the upcoming crypto coins to keep on investor’s radar.
Golem (GLM)
Current price: $0.38
Rank: 132th
Golem is a computing platform that allows people to buy and sell computational power using cryptocurrency. Put simply, it is a peer-to-peer marketplace for distributed computing resources. With the increasing demand for computational power in the AI sector, Golem has emerged as a promising project within the AI computing sector.
The ecosystem’s native token, GLM, fuels the Golem network. GLM recorded a yearly gain of 69%.
OriginTrail (TRAC)
Current price: $0.92
Rank: 172th
OriginTrail is a decentralized platform that uses blockchain technology to manage data on real-world assets in the digital space. The ecosystem challenges AI misinformation by ensuring the origin of information. TRAC serves as the native token of the OriginTrail network. The token is used to incentivize participants in the platform.
TRAC token gained around 150% over the year.
Conclusion
With the increasing popularity of AI-based technologies, AI cryptos have become one of the most sought-after crypto assets as many expect AI cryptocurrencies to take center stage in the global crypto market. The full potential of blockchain technology and AI is yet to be realized. CoinSwitch offers investors the option to invest in the top 5 AI cryptos, including FET, NEAR, ICP, INJ, GLM, and many more. So, ensure to download the app today to take a bite of the lucrative AI cryptos on offer.
