Top 5 AI Crypto Altcoins With Highest Long-Term Potential
In my previous article, I went over 6 micro-cap AI tokens with huge growth potential for the next bull rally.
In this post, we will look at more established AI projects whose solutions have already been adopted by different companies but that still have a sufficiently low market cap for substantial upside capacity.
The AI narrative is the strongest crypto trend of 2023 and I think it’s here to stay for the rest of the year.
Let’s look at how some startups have integrated AI and the blockchain to create truly innovative solutions for all types of industries.
1. Ocean Protocol ($OCEAN)
Ocean Protocol has been one of the top performers in the recent AI hype. It climbed from 11 up to 59 cents and has now stabilized at around 40 cents.
Ocean Protocol is an ecosystem for sharing data and services. It lets individuals and businesses monetize their data while preserving privacy and control. On the other side, consumers can now easily access datasets that used to be impossible to find.
Essentially, Ocean Protocol allows anybody to tokenize their datasets and make them available on the Ocean Market. This generates additional income for data publishers while giving scientists, researchers, data analysts, AI developers and anybody else access to data that was previously unavailable.
OCEAN is an ERC-20 token and it’s the native token of the Ocean Protocol ecosystem. It’s used as the basic unit of exchange on the Ocean market.
Data providers earn OCEAN tokens for providing access to their datasets, while data buyers use OCEAN tokens to gain access to the data. OCEAN is also used for staking to earn rewards, as well as for governance.
Ocean Protocol has sealed partnerships with companies such as IBM and Mercedes Benz to integrate its solution into their products.
It has a current market cap of $245 million and a capped supply of 1.14 billion tokens, 43% of which have already been released. It’s listed on all major exchanges like Binance, Kraken, and KuCoin.
The project has 165k Twitter followers.
2. The Graph ($GRT)
The Graph is a decentralized protocol for indexing and querying data from blockchains, starting with Ethereum. It makes it possible to query data via open APIs that is difficult to query directly.
There are several different roles in The Graph Network, such as Indexers, Delegators, Curators, and Consumers.
Indexers are node operators in The Graph Network and Curators signal to Indexers which APIs should be indexed by The Graph Network. Delegators contribute to securing the network but do not have to run a Graph Node themselves. They delegate GRT to existing Indexers based on their performance.
Finally, Consumers are the end-users of The Graph that query subgraphs and pay query fees to the Indexers, Curators, and Delegators.
GRT is the Graph’s ecosystem native token. It’s an ERC-20 token used to allocate resources in the network. Indexers, Curators, and Delegators can earn income proportional to the amount of work they perform and their GRT stake.
GRT has climbed from 5 cents to 23 cents in the past weeks and has now stabilized at around 15 cents. It has a circulating supply of 8,8 billion and no maximum supply. 3% of new tokens are issued every year to be used as rewards and multiple burns are carried out to counteract inflation.
The Graph is being used by popular Ethereum dApps like Aave, Curve, and Uniswap.
With $1,38 billion, it has the largest market cap of all AI projects. It’s listed on Binance, KuCoin, CoinBase, and Kraken and has 265k Twitter followers.
3. SingularityNET ($AGIX)
SingularityNET is a blockchain-based platform that allows anybody to easily create, share, and monetize AI services via its globally accessible AI marketplace.
As opposed to Ocean Protocol which sells data on its marketplace, SingulairtyNET sells full-fledged applications. Users can test and purchase a wide variety of AI services using the platform’s native utility token AGIX. AI developers, on the other hand, can use the marketplace to publish and sell their AI tools and track their performance.
AGIX is an ERC-20 token used for transactions on the marketplace, staking, and as a governance token. Its price has gone up over 10x since the beginning of 2023 and its currently sitting at 45 cents, down from its 54-cent high.
SingularityNET has partnered with many companies such as Binance, Cardano, and Ocean protocol. It has a current market cap of $553 million and a maximum supply of 2 billion tokens with 60% of tokens presently released. It’s listed on Binance and KuCoin. It has just over 100k followers on Twitter.
4. Fetch.ai ($FET)
Fetch.ai is an AI lab building an open, permissionless, decentralized machine learning network to democratize access to AI technology. It allows anyone to access secure datasets by using autonomous AI to execute tasks that leverage its global network of data.
The Fetch.AI model can be used to optimize DeFi trading services, transportation networks, smart energy grids, travel, and anything else that relies on large-scale datasets.
Its native token FET was launched on the Binance launchpad in 2019. It’s the primary medium of exchange within the Fetch.ai ecosystem used to pay for services provided by Fetch.ai and for staking.
Its price has also gone up over 10x since the beginning of 2023, all the way to 60 cents, and it’s currently sitting at 43 cents.
Fetch.ai has many partnerships and has recently started working with Bosch.
Fetch.ai’s current market cap is $358 million, and its circulating supply is 818 billion tokens. It’s listed on all major exchanges such as Binance, KuCoin, Kraken, and Coinbase. It has 127k Twitter followers.
5. Artificial Liquid Intelligence ($ALI)
Finally, an interesting project called Artificial Liquid Intelligence has recently caught my attention as it’s been gaining traction.
Artificial Liquid Intelligence or Alethea AI is a decentralized protocol powering a growing metaverse (named Noah’s Ark) of Intelligent and Interactive NFTs (iNFT). The ambitious goal of Noah’s Ark is to one day be used to preserve, and even evolve, the collective intelligence of humanity.
ALI is an ERC-20 utility token of the Alethea AI Protocol. The ALI token regulates, incentivizes, and rewards the various participants of the ecosystem. It has gone up 15x since the beginning of January 2023 and has since retraced 50% to 6 cents.
Artificial Liquid Intelligence has a $208 million market cap and a maximum supply of 10 billion tokens, 36% of which are in circulation.
It’s not listed on major exchanges yet, but it has an impressive list of investors, such as Binance, Polygon, and Crypto.com. Currently, you can trade it on Bitget, Gate.io, and Houbi where it was listed a few days ago.
It has 49k Twitter followers.
To my knowledge, Artificial Liquid Intelligence has not yet been adopted by any major company and it’s a highly speculative investment.
Final Thoughts
In this post, we covered 5 blockchain-based projects that use Artificial Intelligence to provide creative solutions to various industries.
Most of these projects have already proven their utility and have been adopted by companies inside and outside the DeFi industry.
Artificial Intelligence is not like NFTs or the Metaverse which have had their 5 minutes of glory before being abandoned as a wrecked ship. AI has been here way before anyone has ever heard of cryptocurrencies and its use cases extend far beyond.
Cryptocurrency tokens add tremendous value to AI-based projects as they allow people like you and me to invest in these companies and become part of their community.
No matter how strong the AI narrative, the upside potential of these tokens will ultimately depend on the behavior of Bitcoin.
I repeat this in many of my articles because it’s so important. If Bitcoin starts loosing ground, the AI tokens will likely underperform. So manage your risk accordingly and remember that taking profit often is the best strategy in uncertain market conditions.
PS: If you want to learn how to make a consistent profit from the Metaverse in 2023 and beyond, check out my free guide How To Make Your First $1000 In The Metaverse.
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Disclaimer: This content is for educational purposes only and should not be considered as financial or any other advice. Always do your own due diligence before investing your hard-earned money.
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