Top 10 AI Cryptocurrencies: Exploring the Blockchain-Powered AI Revolution

Tezos is a decentralized blockchain platform that stands out for its self-amending protocol and on-chain governance

Artificial Intelligence (AI) and cryptocurrency are two of the most quickly developing and innovative technologies in the world today. Combining the two has led to a new and exciting concept — AI cryptocurrency. The main purpose of this type of token is to facilitate various AI-based blockchain initiatives such as games, Web 3.0 applications, and more.

Definition of Cryptocurrency

A cryptocurrency is a form of digital currency that enables users to buy and sell assets in a decentralized manner — meaning records such as balances and transactions are not held in traditional financial institutions but instead by people who use specialized software voluntarily.

Cryptocurrency has revolutionized the way digital payments are handled. Since its introduction in 2009, Bitcoin — created anonymously by individuals operating under the pseudonym “Satoshi Nakamoto” — has become a market leader and established itself as an industry standard for electronic currencies. Other prominent crypto coins and tokens are Ethereum, Litecoin, Ripple, Dogecoin, and many more; each is distinguished from one another through various features, applications and properties.

Understanding of AI Cryptocurrency

AI crypto is revolutionizing the blockchain industry, facilitating access to powerful AI platforms such as The Graph and SingularityNET. By spending tokens, users can take advantage of incredible artificial intelligence capabilities within these ecosystems — but what is driving their success? We explore this by looking at 10 top projects according to market cap, examining how they integrate cutting-edge technology into the crypto industry.

Top 10 AI Cryptocurrency in 2023

As our world develops and expands, so too does the technology we use to interact with it. Artificial Intelligence (AI) is at the forefront of this wave — paving the way for a new reality where businesses can reach their full potential, unlock never-before-seen technological advancements, and connect on an entirely different level. Crypto tokens leveraging AI are part of these changes.

Here are ten options that will gain traction over 2023, enabling users to gain deeper insight into how they work while yielding profits.

Cortex

Cortex is an innovative new crypto project that allows developers to build and sell AI-powered models on Ethereum. Through its groundbreaking Virtual Machine, which utilizes GPU processors in lieu of traditional CPUs for increased processing power, dApp creators can access a wide range of powerful algorithms all run on one platform. The rising value associated with CTXC tokens incentivizes developers to join Cortex while rewarding those who are already devoting their resources to it; prices rose as much as 120% from January until February when the token peaked at $0.35 before declining again more recently down to around $0.22 per token at present.

The Graph

The Graph, an innovative protocol leveraging Ethereum blockchain technology to index and query data similar to how Google indexes websites, has a current market capitalization of approximately $1,3 billion. With its native cryptocurrency GRT experiencing significant fluctuations recently — ranging from $0.132 in the end of March up to $0.174 on the 18th of April — the potential for future growth remains considerable.

Ocean Protocol

A blockchain-based platform facilitating the monetization of data and services has seen its market price rise from the November’s price of $0.14 to approximately $0.14 today — representing a significant increase in value.

iExec

iExec is a revolutionary platform that utilizes AI and blockchain to monetize computing power and provide access to cloud resources. Its native currency RLC has experienced some volatility in its market cap recently; its price today is at approximately $1.6 mark, which is a bit of a decline compared to the April peak of $1.8.

Numeraire

Boasting a market capitalization of approximately $107 million, Numerai is an innovative blockchain network that allows stock markets across the globe to benefit from advanced artificial intelligence and machine learning techniques. The native token of the platform — NMR — has experienced significant price fluctuations since its peak in 2017, yet it remains popular among investors as it currently trades around $17 per token.

dKargo

With a market capitalization of nearly $92 million, dKargo is harnessing the power of blockchain technology and artificial intelligence to revolutionize logistics by reinforcing stakeholder trust. The company’s native token DKA allows participants access to secure data backed up in an immutable system; however, its value has significantly declined since early 2021 when it traded around $0.54 per token — currently resting at about $0.03 for each unit.

Phala Network

Phala Network is a rapidly developing, AI-augmented blockchain platform that offers decentralized cloud computing services. Its native currency PHA has seen significant volatility since its launch in May 2021. However, it had reached an all-time high of around $1.23 then. The market cap now stands at approximately $78 million and trades for about $0.14 per token — demonstrating considerable room to grow even further.

Covalent

An innovative network that allows developers to aggregate data from multiple blockchains, including Ethereum, Polygon, and Avalanche. This allows them to create powerful applications suited for a range of industries, such as retail and banking. The native token powering this network — CQT — has seen significant growth since its introduction in August 2021, currently valued at almost $93 million with the price of $0.16.

Ecoterra

The revolutionary ECOTERRA project is making waves in crypto space as it combines a unique ‘recycle-to-earn’ concept with AI-powered algorithms to fight climate change. With over $3 million raised during its Initial Token Offering, investors could acquire tokens for just $0.004, which rose to $0.78 per token at launch.

Fetch

Fetch.ai, a groundbreaking blockchain and artificial intelligence platform utilizing “autonomous economic agents” to generate profits for its users, recently joined eToro — a leading crypto exchange renowned for its stringent regulations & transparency standards. The exclusive token “FET” is earned by miners validating transactions on the network; it can be used as payment for services related to autonomous agent usage running on Fetch’s infrastructure.

Final Takeaways

AI and cryptocurrency: a dynamic duo. Fetch, the first company to establish this innovative combination, has already achieved an impressive market cap of $290 million — showing there is much potential for investors looking for long-term success with crypto coins involving AI blockchains.