Although the cryptocurrency market entered the consolidation phase in February, some crypto sectors are posting double-digit gains. In this article, let’s take a look at the predictions for the top 10 AI coins from Forbes’ list.
What is AI? Why is it important for blockchain technology
Artificial intelligence (AI) is a field of computer science that enables machines to make data-driven decisions and increasingly mimics human intelligence. Popular recent examples include AI-generated drawings, where a program interprets user prompts written in natural language to create pieces of digital art, and ChatGPT, an application that can ‘write’ based on a user-submitted summary.
In both cases, the outputs are so close to what a real person could create that they can be mistaken for human creation, and these applications are getting more and more complex. The use cases for AI are effectively limitless, and the technology has found its way into the cryptocurrency space.
What is an artificial intelligence coin?
AI cryptocurrencies are the tokens that power AI platforms like The Graph and SingularityNET. Users spend tokens to use platforms and the benefits of integrated AI.
cryptocoin.com As Microsoft, we mentioned that Bill Gates, the founder of Microsoft, talked about artificial intelligence (AI) technology. After these statements and the emergence of Microsoft’s $10 billion investment in OpenAI, the artificial intelligence coin gained significant momentum. In the rest of the article, we looked at the top 10 artificial intelligence crypto projects by market capitalization to see how artificial intelligence is used in the industry from Forbes’ list.
Here are the top 10 artificial intelligence coins from the Forbest list
Numeraire (NMR)
Numerai is an artificial intelligence Blockchain network that acts like a hedge fund that uses artificial intelligence and machine learning to invest in stock markets globally. Numeraire (NMR) is Numerai’s native currency and facilitates payments within the network. It is currently continuing its February rally at $24.07, gaining over 5% over the last 24 hours.
Ocean Protocol (OCEAN)
Ocean Protocol is an Ethereum platform that allows businesses and individuals to exchange and monetize data and data-based services. This may include making data available to researchers and startups without data waivers by data subjects.
Cortex (CTXC)
Cortex is Blockchain platform that allows users to upload and run AI models. The idea is that AI can be incorporated into smart contracts and decentralized applications (dApps).
Machine learning driven AI coin: Fetch (FET)
Fetch.ai is a Blockchain-based artificial intelligence and machine learning platform. Fetch.ai is all about automating business tasks like data processing and trading. The native cryptocurrency FET is used to pay for transactions on the network. FET is up 24.57% on the day to reach $0.5438 and continues to find new buyers.
iExec RLC (RLC)
iExec is an artificial intelligence Blockchain platform that allows users to monetize their computing power and access on-demand cloud computing resources. RLC is iExec’s native cryptocurrency and is used to pay for using services on the platform. RLC is currently trading at $2.24, up 12% from the last 24 hours.
covalent
Covalent is a network that collects data from various networks, including Ethereum, Polygon, and Avalanche. Developers can then leverage this multi-chain data to develop applications that solve problems in industries like finance and retail.
Phala Network (PHA)
Phala Network is another Blockchain platform with AI enhancements for cloud computing, although it places more emphasis on privacy. It is promoted as a distributed replacement of established cloud computing providers such as Amazon AWS or Google Cloud.
Graph (GRT)
Graph is a protocol for indexing and querying data from the Blockchain, similar to how Google indexes and queries data from websites. Blockchain data can be difficult to index, but Graph aims to change that by organizing data into smaller ‘sub-graphs’.
SingularityNET (AGIX)
SingularityNET is the Blockchain platform that allows anyone to create, share and monetize artificial intelligence services. It has an internal marketplace where users can browse and pay for AI services in the platform’s native cryptocurrency, AGIX. Recently the team announced the launch of the future Mindplex Magazine and a partnership with COTI; this has contributed to the token’s continued rise towards the current $0.56. This momentum continues at the present time in double digits.
dCargo (DKA)
Finally, dKargo is a Blockchain that uses AI to solve trust issues in the logistics industry. It does this by providing participants with reliable data, thanks to the indelible nature of Blockchain technology. The AI coin is trading horizontally at the time of writing. It has gained double digits in recent weeks.
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