The AI tokens overview
Investor interest in cryptocurrency AI projects has increased due to the explosive popularity of the ChatGPT bot, which is powered by artificial intelligence (AI) technologies. This has led us to take a closer look at AI tokens.
On this page
The Graph (GRT)
Graph token (GRT) is the leader in the AI sector of the crypto market, with a daily trading volume of more than $150 million and a market cap of nearly $1.3 billion. This project takes a fresh look at indexing and retrieving data on the blockchain. It allows anyone to create subgraphs and define methods for retrieving, indexing, and processing data on the network. GRT tokens can be used for staking, intranet payments, and fee reduction. The project is popular in the fields of DeFi and Web3.
Currently, over 24,000 developers have deployed more than 31,000 subgraphs for decentralized applications (dApps), such as Uniswap, Synthetix, Aragon, AAVE, Gnosis, Balancer, Livepeer, Zora, KnownOrigin, DAOstack, Audius, and Decentraland.
The Graph's architecture
During the first ten days of February 2023, the GRT token's price increased from $0.08 to about $0.23, representing a weekly increase of nearly 200%, before entering a correction.
SingularityNET (AGIX)
The project serves as a marketplace for products and services related to artificial intelligence. The SingularityNET trading platform enables users to create, browse, test, and purchase a variety of AI services or services using the native token of the AGIX platform. The asset has a market capitalization of $448 million, placing it 86th overall on CoinMarketCap, and daily trading volumes of $180 million are even higher than GRT's.
The SingularityNET team is also known for creating Sophia, an AI-powered humanoid robot with a high IQ. Sophia has been dubbed “the most expressive robot in the world” due to its extensive repertoire of facial expressions that span 60 different emotions and its ambiguous remarks made in public debates.
A co-founder of the project is pictured next to Sophia the robot, wearing a T-shirt with the SingularityNET logo.
The AGIX token experienced a rapid increase in price from $0.17 to $0.65 (+282%) between February 1 and February 8, 2023. However, as investors started to take out profits, the asset's price slightly declined.
Fetch.ai (FET)
The Fetch.ai (FET) project combines blockchain and artificial intelligence technologies to create networks of autonomous software agents (oracles) for AI-based peer-to-peer applications. It functions as an open, decentralized machine learning network, effectively acting as an artificial intelligence lab that anyone can access. Fetch.ai is used to optimize DeFi trading services, transportation networks (parking, micromobility), logistics, “smart” energy networks, travel, and other services. The development of cross-chain bridges with other platforms, as well as the team's work on Autonomy of Things (AoT) technology, has boosted the project's popularity.
The benefits of using Oracle agents
The price of the FET token increased over the course of February 2023, though not as quickly (+126% overall) as other assets in this class. The FET token has daily trading volumes of more than $100 million and is ranked 111th by market capitalization on CoinMarketCap ($317 million).
Ocean Protocol (OCEAN)
Ocean Protocol (OCEAN) is another project that “caught the wave” of AI popularity. Ocean Protocol is an open-source, blockchain-based data exchange system that allows developers to create community-focused applications. This protocol recently passed the Ocean ONDA V4 upgrade. It enabled Ocean Protocol to integrate with non-fungible tokens (NFT), as well as improve security, flexibility, and overall ROI indicators. The update drew users' attention and boosted the protocol's popularity. OCEAN's price increased from $0.32 to $0.56 (75% increase) at the beginning of February 2023.
Ocean Protocol (OCEAN) is based on the Ethereum blockchain
The OCEAN token is ranked 132nd by market capitalization ($256 million) on CoinMarketCap, with a daily trading volume of $68 million.
Artificial Liquid Intelligence (ALI)
ALI (Artificial Liquid Intelligence) is a decentralized protocol developed by the Alethea AI firm and backed by serial crypto investor and billionaire Mark Cuban. A new “intelligent NFT” standard is defined for the project in order to create an interactive, “smart” non-fungible token metaverse.
ALI token utility
The platform recently launched CharacterGPT, a dedicated decentralized application (dApp) on the Polygon blockchain, which enables anyone to quickly create, train, and trade AI characters in NFT format. The ALI token's price increased by 190% from $0.33 to $0.96 in February 2023.
The ALI asset has a market capitalization of $205 million, which places it 225th overall in the ranking by CoinMarketCap.
Numerai (NMR)
Numerai is an Ethereum-based platform that allows developers and analysts to experiment and build more reliable machine learning (ML) models. The platform's primary goal is to decentralize the data science field and enable developers to compete in the development of effective ML-based prediction models. The project is backed by a hedge fund, which is experimenting with stock market forecasting models.
Numerai may be the world's first new generation hedge fund to use smart contracts and its own native NMR token.
The NMR token is ranked 245th on CoinMarketCap by market capitalization ($106 million), with daily trading volumes ranging from $10 to $20 million.
Outline
All cryptocurrency assets will inevitably experience a decline in price during a bear market or correction. Nevertheless, the digital assets focused on AI mentioned above will continue to attract the attention of investors in 2023. This is due to the increasing interest in the field of artificial intelligence and the various metverses that actively use AI services.
The content on The Coinomist is for informational purposes only and should not be interpreted as financial advice. While we strive to provide accurate and up-to-date information, we do not guarantee the accuracy, completeness, or reliability of any content. Neither we accept liability for any errors or omissions in the information provided or for any financial losses incurred as a result of relying on this information. Actions based on this content are at your own risk. Always do your own research and consult a professional. See our Terms, Privacy Policy, and Disclaimers for more details.
Articles by this author
