Bitcoin
4 AI-Based Altcoins Overtaking Bitcoin, Ethereum, XRP in 2024
O cryptocurrency landscape is experiencing a wave of enthusiasm as AI-based altcoins such as Render (RNDR), SingularityNET, Bittensor (TAO) and Fetch.ai (FET) show significant growth potential. These altcoins, known for their advanced AI technologies, are outperforming traditional giants like BitcoinEthereum and XRP in 2024. Its unique features and growing acceptance contribute to its success.
1. Render (RNDR)
Render (RNDR) is responsible for transforming the way digital content is created, using a GPU-based distributed rendering network. This platform uses OctaneRender to connect individuals in need of service provision with GPU owners who have excess capacity.
Render price chart
This model leverages unused computing resources and creates a new revenue stream for GPU owners. Render currently ranks 24th on CoinMarketCap, boasting a market cap of approximately $4.15 billion. This substantial assessment highlights the significant impact and adoption of decentralized technologies in the creative industry.
Recently, the RNDR Price saw a surge, gaining 10% to $10.79 today. This increase reflects broader interest in AI-focused cryptocurrencies, which are currently outperforming major players like Bitcoin, Ethereum and XRP in the market.
2. SingularityNET (AGIX)
SingularityNET, a decentralized AI services platform, advocates an open source model to democratize the benefits of artificial intelligence. Through a network of smart contracts, it supports a global AI marketplace designed for widespread access and collective contributions.
The platform’s cryptocurrency, SingularityNET (AGIX), recently saw a 5% increase, which analysts attribute to increased activity on the network.
Over the past year, the price of AGIX has increased sharply by 263% in value, driven by growing interest in AI-focused digital currencies. Currently, the AGIX Price is at US$1.01, maintaining a bullish pattern on investment charts. This growth coincides with broader excitement in the AI industry, driven notably by impressive earnings from AI chip giant Nvidia.
3. Bittensor (TAO)
Bittensor (TAO) is pioneering a transformative approach by integrating blockchain technology with artificial intelligence, reshaping the future of machine learning. This initiative aims to democratize AI development and promote a collaborative and accessible environment.
Recently, the bittensor price rose 17% last week, reflecting a rise in investor confidence. Currently listed at US$437, its market value has reached US$2.93 billion, highlighting its expanding role in the industry.
4. Fetch.ai (FET)
Fetch.ai (FET) is revolutionizing the blockchain landscape with its innovative machine learning network. This platform focuses on decentralizing and optimizing online transactions, improving the user experience.
Fetch.ai’s growth has caught the attention of investors, particularly those interested in AI-based projects. As a result, Fetch.ai is making artificial intelligence technologies more widely available.
Fetch.ai price chart
At the moment, Search.ai is priced at $2.43, witnessing an increase of 2.49%, suggesting an upward trend in the market. Last week, FET’s value rose more than 24%, bringing its market capitalization to $2.9 billion and placing it 51st in the global rankings. Over the last year, FET has seen a notable increase of 540%, surpassing major cryptocurrencies like Bitcoin, Ethereum, and XRP in 2024.
Conclusion
Render, SingularityNET, Bittensor and Fetch.ai are setting the pace in the cryptocurrency market. With their AI-based platforms, they provide a new investment avenue, diverging from traditional giants like Bitcoin, Ethereum and XRP.
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