Top AI Coins of 2024: Detailed List of 15 Potential Projects

Since the launch of ChatGPT, artificial intelligence has become the focus of global attention. This technology has not only attracted investors but also the tech community and financial markets. The increasing interest has led to a new wave: AI and Machine Learning (ML)-powered crypto projects are developing at an unprecedented pace.

As AI becomes more integrated into daily life and blockchain is regarded as the “technology of the future,” the intersection of AI and cryptocurrencies has created a market full of potential. AI tokens not only offer better security but also improve the overall performance of the ecosystem.

Why Are AI Tokens Trending?

AI-powered tokens bring significant benefits to blockchain applications:

• Enhanced Security: AI helps detect and prevent fraudulent activities
• Scalability: This technology optimizes data processing on the blockchain
• User Experience: Intelligent interfaces make interactions easier for users
• Optimized Performance: Automating complex processes

According to data from April 2023, the AI and Big Data sectors within cryptocurrency have reached a market capitalization of $6.3 billion.

15 Notable AI Cryptocurrency Projects

1. Artificial Superintelligence Alliance (FET)

Current Market Cap: $650.47 million USD

Fetch.ai tops the list of leading projects. It is a decentralized, open-source platform aimed at building a completely new digital economy.

The platform allows the creation of autonomous agents controlled by AI, capable of handling complex tasks such as in-depth analysis, strategic decision-making, and building predictive models. Tools within this network can communicate seamlessly with each other.

The FET token is the main means of payment within the project’s ecosystem.

2. Ocean Protocol (OCEAN)

Market Cap: $416 million USD (February 2024)

Ocean Protocol is a blockchain project based on Ethereum, enabling individuals and businesses to exchange data and earn income from their data.

The project offers data-related services, from providing information to researchers, startups, to those needing specialized data. All data transactions are conducted with the owner’s consent, maintaining ownership rights.

OCEAN is an ERC-20 token powering the entire network.

3. Render (RNDR)

Market Cap: $2.7 billion USD

Render is an advanced GPU network operating on Ethereum. RNDR tokens are used by artists to purchase GPU processing power, while resource providers earn RNDR rewards.

The project leverages Ethereum’s inherent security features, ensuring transaction safety and immutability. All payment tokens are locked during rendering, only released after the process completes.

( 4. SingularityNET )AGIX###

Market Cap: (million USD

SingularityNET is one of the most notable AI crypto projects today. It allows users to buy and sell AI services, from data models to various AI tools.

It also creates a global marketplace where people can develop, share, and earn from AI services. AGIX tokens are used for all transactions within the ecosystem.

) 5. The Graph $915 GRT###

Current Market Cap: $441.85 million USD

The Graph is an indexing and querying protocol that has successfully addressed the challenges of blockchain data indexing.

The project organizes complex data into smaller, more manageable subgraphs. As of April 2023, The Graph has created over 3,000 subgraphs used by thousands of developers and adopted by many dApps and decentralized exchanges.

( 6. Oasis Network )ROSE###

Current Market Cap: $104.32 million USD

Oasis Network is a Layer 1 blockchain specialized for privacy and scalability. It separates smart contract execution from consensus mechanisms, allowing developers to create data-focused applications.

It offers high throughput with very low transaction fees, making it an ideal platform for Web3 applications.

( 7. iExec RLC )RLC###

Current Market Cap: $48.75 million USD

iExec RLC is an AI blockchain platform that enables users to monetize their computing power. It hosts an open marketplace where individuals can offer computing resources to those in need.

Users can also earn from datasets and applications by allowing access to cloud computing resources on demand. The project supports fields from AI, healthcare, rendering, to fintech.

Resource providers (called iExec Workers) are rewarded with RLC tokens for contributing their computing power.

( 8. Alethea Artificial Liquid Intelligence )ALI###

Current Market Cap: $27.76 million USD

ALI (Artificial Liquid Intelligence) is a token powering the Alethea image generator. Users provide data to AI to create unique images.

The project is famous for its CharacterGPT protocol, which uses text descriptions to generate interactive AI characters. ALI tokens enable users to create character NFTs, conduct transactions, upgrade, and more. Built on Ethereum, ALI is an ERC-20 utility token.

( 9. Hera Finance )HERA###

Market Cap: (million USD )February 2024$19

Hera Finance is a DeFi project using the Pathfinder algorithm to find the most efficient and profitable trading routes across decentralized exchanges.

It employs machine learning to analyze prices, volume, liquidity, and other relevant data. HERA tokens are used not only for payments but also for governance participation and revenue sharing within the protocol.

( 10. Cortex )CTXC###

Market Cap: (million USD

Cortex is a blockchain platform that allows users to upload and execute AI models directly. It combines AI with dApps and smart contracts.

As a decentralized, open-source platform, Cortex aims to democratize AI. Before launch, there was no way to execute machine learning models directly on-chain; dApps had to rely on off-chain inference, defeating the purpose of smart contracts.

) 11. dKargo $134 DKA###

Current Market Cap: $31.07 million USD

dKargo uses blockchain technology to address trust issues in the logistics industry. It enables participants to establish efficient logistics networks through collaboration.

The project provides reliable information, solves trust problems, and enhances connectivity among stakeholders. dKargo is building a new logistics network based on Web3 services, with the potential to revolutionize the industry.

( 12. Phala Network )PHA###

Current Market Cap: $32.38 million USD

Phala Network is an AI-enhanced blockchain platform focused on improving cloud computing with a strong emphasis on privacy.

It positions itself as a decentralized alternative to centralized cloud services. Phala allows users to have true privacy and control over their data. Users can even deploy confidential smart contracts within CPU TEE enclaves.

( 13. Covalent )CQT###

Market Cap: (million USD

Covalent is a data aggregation tool that pulls information from multiple blockchains including Avalanche, Ethereum, and Polygon.

Its strength lies in aggregating data across many chains rather than just a few. Covalent’s API provides end-users with personalized data, including past and current investment performance. Data is delivered quickly, consistently, and organized within a single API interface.

) 14. Injective $208 INJ###

Current Market Cap: $529.80 million USD

Injective positions itself as a “blockchain built for finance.” It enables the development of open, interoperable Web3 dApps focused on Layer 1 financial products.

Its standout feature is plug-and-play modules, offering high flexibility for developers. This accelerates development, making it popular among programmers creating decentralized exchanges.

INJ tokens are used for community governance, transaction validation via staking, and developers building on Injective receive INJ rewards.

( 15. Numeraire )NMR###

Current Market Cap: $87.34 million USD

Numeraire launched in October 2015 as the first AI-backed hedge fund.

Built on Ethereum, it uses AI predictions from data scientists to develop trading models. Thousands of individual models are combined into a “meta-model” to forecast stock market movements, using data from Numerai Signals—a data scientist competition.

NMR tokens, introduced in 2017, function as staking currency within the ecosystem. Users stake NMR to make predictions and earn tokens when their predictions are correct.

The Future of AI Cryptocurrency

Artificial intelligence has proven its value across many fields, including the crypto market. Digital currencies have successfully combined blockchain with emerging technologies, and AI integration is just the next natural step.

With AI, many features of cryptocurrencies and blockchain can be significantly improved, expanding their use cases. There is no reason to believe AI and blockchain will remain separate—in fact, they are likely to become more intertwined over time.

AI crypto tokens may soon follow the trend set by AI itself. However, if you plan to trade these tokens, do thorough research before investing. Cryptocurrency always carries inherent risks, regardless of the underlying technology, so always exercise caution.

Frequently Asked Questions

Which AI token is the best?

There is no single “best” AI token, as each approaches solving specific problems in its own way. Many approaches can be equally effective even if they aim for the same goal.

Do AI cryptocurrencies actually exist?

Yes, there are many AI crypto projects today. The list above introduces projects that use AI for various purposes.

What is AI crypto trading?

AI crypto trading involves trading cryptocurrencies through AI-powered bots. These bots react faster and more efficiently than humans to generate profits.

How is an AI token defined?

An AI token is a cryptocurrency that uses artificial intelligence in some form to enhance security, user experience, scalability, or other factors.

What are the leading AI tokens today?

Some prominent AI tokens include The Graph, SingularityNET, Fetch.ai, Ocean Protocol, iExec RLC, and others. Many new tokens are expected to launch as AI continues to attract increasing attention from the crypto development community.

Conclusion

Growing interest in AI has profoundly impacted the crypto space, with AI-based projects showing significant growth. These tokens improve security, scalability, and user experience in the crypto market, while providing access to AI technology and services across various ecosystems.

Many industry experts expect deeper integration of AI and blockchain, leading to increased demand for AI crypto tokens. However, it is crucial to be cautious when trading these tokens, as the crypto market always involves inherent risks.