Welcome back to another exciting episode where we look into Artificial intelligence. Today, we're focusing on a category that's set to take us to the moon: AI coins.
We would be talking about projects with the potential to deliver returns of 20x, 50x, even 200x! Yeah, we're looking at coins that could absolutely skyrocket in value.
By the way, if you're interested in learning about DeFi and discovering innovative projects, you may want to check out our 'Mastering DeFi' course. It's designed to help you understand DeFi in a fun and easy way, with lessons that you can access immediately. Now let's get started!
Nvidia, once primarily known for its gaming GPUs, has transformed into something dominating the AI space. Its rise is a testament to the power of artificial intelligence and the potential it holds for various industries, including cryptocurrency.
The relationship between AI and cryptocurrency is undeniable and both sectors rely heavily on computational power.
Nvidia's GPUs have found a second life in cryptocurrency mining and many more, which is why in this video, we would look at the top crypto AI projects for good potential in 2024 and 2025.
So guys, let us start with Render as the top contender on the list. Render Network is the leading provider of decentralized GPU based rendering solutions, evolving the digital creation process.
On top of that, Render provides a platform for artists and developers to build services and applications for the emerging digital economy.
This coin helps artists by cutting costs and boosting efficiency in rendering tasks. With a transparent network, it rewards node operators who lend their GPU power for tasks like animation and visual effects.
You might want to ask why it is worth investing in. And that's because Render Token has shown strong patterns linked to crypto cycles, like the 2021 bull run.
Render (RENDER) is currently trading between $3.55 and $5.27 and is experiencing some bearish pressure. The coin has seen a 7.21% decline over the past week and a 32.57% drop in the last month.
With an RSI of 49.14, the momentum appears neutral, and the slightly negative MACD indicates bearish tendencies. However, the coin has promising potential if it can break past the nearest resistance at $6.05. A successful breach of this level could lead to a rise of about 24%.
Also, the support at $2.61 could provide a safety net against further drop and when the market shift positively, Render could target the second resistance of $7.77, presenting a potential increase of over 40%, signaling strong recovery prospects.
And as a pioneer in utilizing idle physical resources (GPUs) for a productive purpose , Render is at the forefront of DePIN. It demonstrates the potential of decentralized infrastructure.
Up next, let's talk about bittensor. Bittensor is a platform that stands at the intersection of blockchain technology and machine learning.
It is designed as a decentralized network that fundamentally changes how artificial intelligence (AI) is developed, shared, and monetized.
By utilizing a peer-to-peer intelligence market, Bittensor enables miners to contribute to the training of machine learning models, rewarding them with tokens for the value they provide. Sounds interesting to me, not gonna lie…
Bittensor is changing the game by using blockchain to support a global, decentralized AI network. The coin behind this tech, TAO, is becoming a point of interest.
The current forecasts suggest a bullish trend. This makes TAO appealing for those considering future gains and the advantages of a decentralized AI market.
Bittensor saw a massive run up until spring 2024. After reaching an all-time high of $728 Bittensor dropped to $216.
In the past week, Bittensor reclaimed the key $250 level and is now consolidating. Analysts expect another surge as soon as consolidation is over and predict that Bittensor will become one of the leading AI-centered altcoins as the cycle progresses.
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The third AI project on today's list is ASI. The genesis of ASI Token marks a significant milestone in the coming together of AI and blockchain technology. Ben Geril’s vision of amalgamating Fetch.ai, Singularity Net, and Ocean Protocol into a unified entity underscores the power of collaboration.
You can think of ASI as a digital currency issued by the alliance to pay for products and services (such as bots, agents, or LLMs) offered by alliance members.
You will also be rewarded for your contributions to the ASI alliance with the ASI token. And you will use the ASI token to gain access to premium data sets or LLM training tools.
So here's what I'm thinking: Get in early on ASI while people are still trying to wrap their heads around what it is and how it could revolutionize AI, and then patiently wait for the price to skyrocket.
The potential is definitely there. Fetch.ai, for example, is up nearly 200% this year. SingularityNET is up 167%, and Ocean Protocol is up 70%. That's some high-octane performance, even before the official launch of the ASI alliance.
Up next we have Injective protocol. Injective (INJ) is a blockchain built for finance. It is an open, interoperable layer-one blockchain powering next-generation DeFi applications, including decentralized spot and derivatives exchanges, prediction markets, lending protocols, and more.
The use cases intended for INJ include but are not limited to: protocol governance, dApp value capture, Proof-of-Stake (PoS) security, developer incentives and staking.
Opportunity lies in the price predictions for Injective (INJ), this crypto asset is already known with remarkable growth and stability. Simultaneously, the best crypto presale in August 2024 is gaining traction, attracting investors with its promising prospects.
This dual focus on the Injective’s upward trajectory and the enticing presale offers presents an exciting landscape for those seeking lucrative investments.
Analysts predict that by September 2024, INJ could reach a maximum price of $31.08, with a minimum expected price of $27.08. The average trading price is forecasted to be around $29.31. This steady growth presents a potential return on investment (ROI) of 46.4%.
And the last AI project will be Akash Network. Akash Network represents a significant advancement when it comes to cloud computing, utilizing blockchain technology to create an open-source, and decentralized marketplace for computing resources.
This platform is designed to disrupt traditional cloud services by offering a more efficient, secure , and cost-effective solution for users and providers of cloud resources.
At its core, Akash Network facilitates the buying and selling of computing power, making it accessible for various applications, from hosting websites to running complex computations.
The platform has attracted both businesses and individuals by offering decentralized storage and asset ownership at a lower cost.
The AKT had peaked at the beginning of 2024 but dropped. However, the recent support formed near an interesting buying zone, where an earlier boost was witnessed.
At the time of recording this video, the AKT token price traded at $2.43, ranking 90th with a market cap of $602.4 Million. It is an asset worth a watch among the top 100 assets.
If the market continues trading under a bullish sentiment, the Akash Network price will head toward its upper resistance level of $4.240 during the upcoming weeks.
That's all for today's exploration of the top 5 AI coins! We talked about Render, Bittensor, ASI, Injective Protocol, and Akash Network, all topping the charts in AI, Depin and blockchain.
Market dynamics suggest potential for significant gains. With their growing adoption and positive outlook, they are worth considering.
Remember, this is not financial advice, but hopefully, it's sparked your interest in learning more about these innovative projects.
Do you think AI coins are the future? Which one caught your eye the most? Let us know in the comments below!
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