Altcoin
4 AI-Powered Altcoins Will Overtake Bitcoin, Ethereum, and XRP in 2024
THE cryptocurrency the landscape is experiencing a wave of enthusiasm as Powered by artificial intelligence 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 overtaking traditional giants BitcoinEthereum and XRP in 2024. Their unique characteristics and growing acceptance contribute to their success.
1. Rendering (RNDR)
Render (RNDR) is tasked with transforming the way digital content is created using a GPU-based distributed rendering network. This platform uses OctaneRender to connect individuals requiring rendering services with GPU owners who have excess capacity.
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This model takes advantage of unused computing resources and creates a new revenue stream for GPU owners. Currently, Render holds 24th place on CoinMarketCap, boasting a market capitalization of approximately $4.15 billion. This substantial assessment highlights the significant impact and adoption of decentralized technologies in the creative sector.
Recently, the RNDR price enjoyed a surge, gaining 10% to $10.79 today. This increase reflects broader interest in AI-focused cryptocurrencies, which are currently outperforming major players such as Bitcoin, Ethereum, and XRP in the market.
2. SingularityNET (AGIX)
SingularityNET, a decentralized AI services platform, champions an open source model to democratize the benefits of AI. Through a network of smart contracts, it supports a global AI market designed for widespread access and collective contributions.
The platform’s cryptocurrency, SingularityNET (AGIX), recently observed a 5% increase, which analysts attribute to increased on-chain activity.
Over the past year, the price of AGIX has increased significantly by 263% in value, driven by growing interest in AI-focused digital currencies. Currently, the AGIX price stands at $1.01, maintaining a bullish pattern on investment charts. This growth coincides with broader enthusiasm in the artificial intelligence sector, notably spurred by impressive earnings from AI chip giant Nvidia.
3. Bitensor (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 the development of artificial intelligence and promote a collaborative and accessible environment.
Recently, the Bittensor price it has risen 17% in the past week, reflecting an increase in investor confidence. Currently valued at $437, its market capitalization has reached $2.93 billion, underlining its expanding role in the industry.
4. Fetch.ai (FET)
Fetch.ai (FET) is revolutionizing the blockchain scene with its innovative machine learning network. This platform focuses on decentralizing and optimizing online transactions, improving 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 AI technologies more widely available.
Fetch.ai price chart
Currently, Recover.ai is priced at $2.43, recording an increase of 2.49%, suggesting a bullish market trend. Over the past week, FET’s value has increased by more than 24%, raising its market capitalization to $2.9 billion and placing it at 51st place in the global ranking. Over the past year, FET has seen a notable increase of 540%, outperforming major cryptocurrencies such as Bitcoin, Ethereum and XRP in 2024.
Bottom line
Render, SingularityNET, Bittensor and Fetch.ai are setting the pace in the cryptocurrency market. With their AI-powered platforms, they provide a new investment avenue, diverging from traditional giants such as Bitcoin, Ethereum and XRP.
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