As Bitcoin recently reached the $50,000 level, focus has shifted to alternative cryptocurrencies (altcoins). These promising digital assets are poised for a big bounce, signaling the start of a new altcoin season. This provides an opportunity for new altcoins to reach and achieve new ATHs.
Analyst Altcoin Daily outlined the potential for AI-driven cryptocurrencies to experience significant growth in the coming cycle. With advancements in AI technology occurring regularly, the industry is expected to expand into trillions of dollars over the next decade. According to Altcoin Daily, the top 5 AI cryptocurrency altcoins in 2024 are:
- Singularity Network: Founded in 2017, Singularity Net aims to create a decentralized platform for AI services. Singularity Net is establishing itself as a leading decentralized AI marketplace with a respected founder and a vision for developing Artificial General Intelligence (AGI).
- Limewire: LimeWire, once known as a file sharing service, has reemerged with an AI-powered music focus. LimeWire leverages blockchain technology to help artists create content using AI while maintaining control and monetization of their music.
- Bit tensor: Bit Tensor, one of the largest AI crypto coins, is revolutionizing machine learning platforms through decentralization. Bit Tensor aims to leverage the collective intelligence of AI models by creating a peer-to-peer marketplace for machine intelligence.
- AIT Protocol: The AIT protocol establishes itself as the world’s first AI data infrastructure, bridging the gap between AI and big data industries. The AIT Protocol aims to create millions of jobs and revolutionize data processing by providing web 3 AI solutions and decentralized data collection.
- graph: Dubbed the “Google of blockchain,” The Graph is a Web 3 protocol for organizing and accessing blockchain data. Through its decentralized approach, The Graph aims to provide fast and easy access to the data-rich blockchains essential to the growth of AI.