The convergence of artificial intelligence and blockchain has led to various projects gaining prominence in the cryptocurrency space. According to CoinMarketCap, these projects collectively hold a market capitalization of over $7.5 billion, with daily trading volumes consistently exceeding $1 billion.
Among them, four standout AI blockchain projects have reshaped the landscape of AI and big data tokens, undergoing significant updates that solidify their position as the ones to watch in 2024.
Kicking off our list, The Graph serves as an indexing protocol for other blockchains, facilitating data queries for Ethereum and IPFS. Positioned as a blockchain search engine, it leverages AI to assist users in searching data on Ethereum and Avalanche. Furthermore, The Graph deploys tools for automated decision-making, reducing barriers for enthusiasts looking to engage with the ecosystem.
At its core is the GRT token, an ERC-20 utility token allocated to The Graph network. Despite experiencing a significant drop during the crypto winter, recent updates hint at a potential positive shift.
Moving on to Fetch.ai, this transformative AI blockchain project boasts a unique and user-friendly style. Its mission is to make legacy systems AI-friendly without altering their API. The network focuses on creating, deploying, and generating benefits from AI services, applications, and integrations.
Operated through the FET token, Fetch.ai rebounded after an initial slump, experiencing a surge in 2021. Recent FET price increases are attributed to the debut of DeltaV, an open platform ushering in the new AI economy.
Now, turning our attention to Ocean Protocol, it provides a blockchain ecosystem that facilitates the exchange of data and data-based services. The OCEAN token validates top data tokens, enabling users to participate in its decentralized autonomous organization (DAO). The project gained traction with AI-based applications like Ocean Predictor Data farming.
Benefiting from positive macroeconomic conditions, the OCEAN token showed a nearly 40% end-of-month increase, signaling potential growth.
Another project that brings together Artificial Intelligence and Blockchain is SingularityNet. Last but not least, SingularityNet aspires to be the world’s leading decentralized AI marketplace. It empowers users to monetize by selling AI services, utilizing the AGIX token for transactions and settlements.
Recognized for ushering in the AI revolution, SingularityNet’s ecosystem features 13 elements, each focused on different niches. Notably, AGIX tokens can now be staked on Cardano.
In summary, these AI blockchain projects showcase the immense potential of combining AI and blockchain technologies. As the landscape continues to evolve, the positive shifts observed in recent updates and the anticipation surrounding Bitcoin’s halving in 2024 position these projects for potential bullish trends.
The coming year promises to be an exciting time for closely monitoring the advancements and impact of these AI-driven blockchain projects.