Market trends favor AI-driven projects, highlighting their growing influence and potential
The 2024 bull run is setting the stage for a showdown among AI-powered cryptocurrencies, with several emerging as frontrunners, ready to outpace Worldcoin. Among these, Bittensor (TAO), Render (RNDR), Fetch.ai (FET), Arkham (ARKM), and Ocean Protocol (OCEAN) shine as potential giants. Their robust foundations and innovative applications position them as prime tokens for investors eyeing the next big leap in crypto.
Bittensor (TAO) emerges as a pioneering force in decentralized machine-learning networks operating on a blockchain framework. This innovative protocol facilitates collaborative training among machine learning models, rewarding their contributions with TAO based on the value they add to the collective.
In the latest market trends, TAO has shown impressive growth of over 16% on a weekly chart. With its price reaching $687 and a market capitalization of $4.34 billion, Bittensor’s influence in the domain is rising. This positions TAO as a potential frontrunner in the AI-centric altcoin sector, with prospects of outperforming word-coin in the upcoming 2024 bull market.
Render Network is revolutionizing digital content creation through decentralized, GPU-based rendering. It leverages underutilized computational resources by linking individuals requiring rendering services with idle GPU owners via OctaneRender, offering an additional income avenue for GPU proprietors.
Render’s native cryptocurrency, RNDR, has seen an 8% increase in the past week, with its price at $7.62. It currently ranks 42nd on CoinMarketCap, with a nearly $2.88 billion market cap.
Fetch.ai (FET) is making waves in the artificial intelligence sector with its groundbreaking project. The initiative focuses on creating a decentralized machine learning network, leveraging blockchain technology to enhance and simplify online transactions. This approach aims to increase efficiency and enrich the user experience.
Recently, Fetch.ai has witnessed a substantial 61% increase in its market value over the last day, pushing its trading price to $1.61. The past month has seen an impressive 193% uptick, setting a new two-year high. Such performance positions FET as a strong candidate to outpace World Coin in the bullish market 2024.
Arkham is crafting an intelligence platform to illuminate the real-world players in cryptocurrency market movements. This innovative tool allows for the detailed analysis of crypto trades and transactions, categorized by value, token, time, and counterpart.
Despite a recent 5.37% decrease in Arkham’s price to $2.45, Arkham has experienced a significant 91% growth over the last week. With a trading volume of $242.66 million across 34 markets and 31 exchanges, with Binance leading in activity, Arkham’s contribution to the crypto market stands at 0.02%, supported by a market capitalization of $484.51 million.
Ocean Protocol (OCEAN) is at the forefront of the data revolution, leveraging blockchain, decentralized networks, and advanced cryptography to ensure secure, private data exchange. It aims to empower data owners, maintain privacy, and facilitate data commercialization, including creating marketplaces.
The project recently unveiled its 2024 roadmap, generating significant buzz in the crypto sphere. Highlights include the introduction of AI-driven predictive bots and enhanced data privacy measures. Following this announcement, Ocean Protocol’s value has seen a notable rise of 10.9% in the last 24 hours, with its price now at $1.03. Its market capitalization has reached $587 million, placing it at 131st on CoinMarketCap’s rankings.
In conclusion, as crypto edges closer to the 2024 bull run, the spotlight turns to AI-based altcoins that are not just riding the wave but are set to outpace established players like Worldcoin. With their innovative approaches and solid technological foundations, Bittensor, Render, Fetch.ai, Arkham, and Ocean Protocol are gearing up for a remarkable performance.
