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With the rise of AI tokens, are they the best thing to buy in the crypto space right now? While it may seem too early to call, Artificial Intelligence appears to have consolidated its spot as one emerging technology to pay bigger attention to in 2023. AI cryptocurrency tokens are surfing this rising hype wave to smash incredible records, reaching a market cap to $5.1 Billion, representing 0.4% of the total market cap. Amid massive cryptocurrency gains in the last couple of days and weeks, these AI altcoins show some promise: - The Graph ($GRT)- This is an extensive data indexing protocol that goes across 26 networks. They are an indexing protocol for querying data for networks like Ethereum and IPFS, powering many applications in both DeFi and the broader Web3 ecosystem. - SingularityNet (AGIX)- This is a blockchain-powered platform that allows anybody to easily "create, share, and monetize" AI services, thanks to its globally-accessible AI marketplace. Through their marketplace, users can browse, test and purchase a huge variety of AI services. Moreover, the marketplace represents an outlet AI developers can use to publish and sell their AI tools, and easily track their performance. - Morpheus Network (MNW)- This platform focuses on digitizing, optimizing and automating global supply chains. They employ artificial intelligence and machine learning in their technology. The legitimacy of this project in the AI space comes from their founders Dan Weinberger & Noam Eppel, who are AI & machine learning advisers at George Brown College. With partnerships with industry leaders like Coca Cola, we can expect some big things from them this year. - Fetch.AI (FET)- This is an artificial intelligence (AI) lab building an open, permissionless, decentralized machine learning network with a crypto economy. It democratizes access to AI technology with a permissionless network upon which anyone can connect and access secure datasets by using autonomous AI to execute tasks that leverage its global network of data. - Artificial Liquid Intelligence (ALI)- This enables the creation, interoperability, and governance of AI Characters and Assets which is the building blocks of tomorrow’s intelligent world. With its suite of persistent and decentralized smart contracts, the protocol self-enforces the rules set by ALI token holders. Several Artificial intelligence-backed tokens have been trading in the green region in the past day, proving their potential in the broader cryptocurrency market. What are some of your favourites?
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