Is Qubic (QUBIC) the next top trending coin to be listed in the A.I. ecosystem tokens in 2024?
Why Are A.I. and Big Data Crypto Tokens Trending?
In 2023, AI, especially from OpenAI and ChatGPT, became super popular. Now, in 2024, AI is even bigger. New versions of ChatGPT are out, and they’re making a big splash in different industries. AI is also making waves in the world of cryptocurrency. Lots of new projects are blending AI and crypto tech. As of February 2024, all AI-related cryptocurrencies together are worth about $18.45 billion.
Many A.I. enthusiasts are also on the lookout for NVIDIA earnings data to be released on 23 May 2024. Its earnings will dictate the anticipated trajectory of the A.I. trend nearing the third and fourth quarters of 2024. Should its earnings be optimistic and positive, the impact will be translated and heavily correlated with the A.I. sector of cryptocurrencies this year too.
Ranking: #17
Market Capitalisation: $7.71B
24-Hour Daily Trading Volume: $493,000,000
Near Protocol (NEAR) Spot Trading Link
Over the last year, Near Protocol (NEAR) has increased in value by 333%. NEAR is a special type of technology called a layer-one blockchain. Think of it like a community-run cloud computer. Unlike other similar systems that have struggled with slow transactions and difficulty working together, NEAR solves these problems. This makes it perfect for special apps called DApps and gives both developers and users a platform that’s easy to use and work with.
(2) Render (RNDR)
Ranking: #24
Market Capitalisation: $4.12B
24-Hour Daily Trading Volume: $487,000,000
Genre: Solana (SOL) Memecoin
Render (RNDR) Spot Trading Link
Over the past year, Render (RNDR) has seen an impressive increase in value, jumping up by 400%. RNDR is a special kind of network that uses distributed GPU (Graphics Processing Unit) technology. It’s built on top of the Ethereum blockchain, which is like a digital platform. The goal of RNDR is to connect artists and studios who need powerful computing help with people who have GPUs available for rent.
This idea was first thought up by Jules Urbach, the CEO of OTOY, inc., back in 2009. It finally came to life in 2017. RNDR had its first public sale of tokens in October of that year. Before that, there was a private sale from January to May 2018, where a bunch of RNDR tokens were sold for $0.25 each. During this private sale, early supporters got to try out RNDR on a test version called the Beta Testnet. They helped the RNDR team make sure everything was working smoothly before the network officially launched to the public on April 27th, 2020.
(3) Bittensor (TAO)
Ranking: #39
Market Capitalisation: $2.85B
24-Hour Daily Trading Volume: $32,000,000
Genre: Solana (SOL) Memecoin
Bittensor (TAO) Spot Trading Link
In the last year, Bittensor (TAO) has soared in value by an astonishing 1,042%. TAO is a special kind of technology called an open-source protocol. It’s like a set of rules that helps create a decentralized network for machine learning. In this network, machine learning models work together to learn and improve. They earn rewards in TAO based on how helpful their knowledge is to the whole group. TAO also lets people from outside access the network, allowing them to get information from it and adjust how it works to fit their needs.
(4) The Graph (GRT)
Ranking: #42
Market Capitalisation: $2.67B
24-Hour Daily Trading Volume: $98,000,000
Genre: Meme Coin, Base Ecosystem
The Graph (GRT) Spot Trading Link
Over the last year, The Graph (GRT) has seen a significant increase in value, rising by 134%. The Graph is a special system that helps organize and search for data on networks like Ethereum (ETH) and IPFS. It’s like a powerful tool that many applications in both the DeFi (Decentralized Finance) world and the broader Web3 ecosystem rely on.
With The Graph, anyone can create and share what are called subgraphs, which are like open doors to specific sets of data. These subgraphs are accessible through a special language called GraphQL, which makes it easy for applications to fetch information from blockchains. Right now, there’s a service available for developers to use to start building on The Graph, and a decentralized network version is set to launch later this year. The Graph currently works with Ethereum, IPFS, and POA networks, and it’s expected to expand to include even more networks soon.
(5) Fetch.ai (FET)
Ranking: #51
Market Capitalisation: $2.01B
24-Hour Daily Trading Volume: $226,000,000
Fetch.ai (FET) Spot Trading Link:
In the past year, Fetch.ai (FET) has seen a massive increase in value, jumping up by 765%. Fetch.AI is an artificial intelligence (AI) lab that started in 2017. They launched their project through an IEO (Initial Exchange Offering) on Binance in March 2019. The aim of Fetch.AI is to create a special kind of network for machine learning that’s open to everyone and doesn’t need permission. They’re also building a crypto economy around it.
Fetch.AI is all about making AI technology available to everyone. They’re creating a network where anyone can join and access secure datasets using smart AI. This AI can do tasks on its own and uses a big global network of data to do them. Fetch.AI is focusing on different areas like improving DeFi trading, managing transportation networks (like parking and bike rentals), making smart energy grids, and even helping with travel planning. Essentially, they want to help out with any big digital system that needs a lot of data to work well.
(6) Qubic (QUBIC)
Ranking: #2583
Market Capitalisation: $637,000,000
24-Hour Daily Trading Volume: $3,380,000
Qubic (QUBIC) Spot Trading Link:
Qubic (QUBIC) is up +53% over the last 7 days. The coin was just recently announced to be officially listed on leading crypto exchanges including BitKan and Gate.io. The coin has yet to be announced to be listed on other crypto exchanges including Coinbase, Binance, and OKX. Qubic (QUBIC) is unique in the sense that it lies in the cross-section of the following themes: Artificial Intelligence (A.I.), Smart Contract Platform, Layer-1 (L1), and Proof-of-Work (PoW)/ If the earnings announced on 23 May 2024 by NVIDIA is set to be optimistic, the A.I. genre in cryptosphere is anticipated to be on an uptrend too.
Conclusion:
Investing in AI crypto projects can be a smart move because it combines two powerful technologies: artificial intelligence and blockchain. These projects offer some clear benefits for investors. Firstly, they’re usually at the cutting edge of technology, blending AI’s fast-growing market with the revolutionary potential of blockchain. This means there’s a good chance they could grow quickly and offer exciting new developments. Secondly, investing in AI crypto projects can help diversify your investment portfolio, giving you access to markets that traditional investments might not reach.
Additionally, these projects often run on blockchain, which adds extra security and transparency. Tokenization, another feature of blockchain, makes it easier to buy and sell these investments. Plus, investors sometimes get to have a say in how these projects are run, especially in decentralized autonomous organizations (DAOs). This combination of AI and blockchain can lead to some really interesting applications across different industries. And because many of these projects are still new, there’s potential for high returns on investment while also supporting innovative solutions to real-world problems.
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