It’s not a secret that the AI and crypto world is booming, with AI making everything better and cryptos being the future. The cryptocurrency market has been on a rollercoaster ride over the last few months. Bitcoin and Ethereum have seen their prices double, triple, or even quadruple in just one week-only to plummet again within days.
But amidst all of this volatility, an interesting trend is emerging: AI cryptos are soaring! Whereas most cryptocurrencies rely heavily on mining for new coins, AI cryptos use algorithms to mine for coins with increasing complexity.
The result?
Coins mined by machines can remain valuable as they’re difficult to reproduce artificially and easy to verify through machine learning techniques like neural networks and genetic algorithms. Check out these 5AI cryptos which might probably end up being tomorrow’s big thing.
The Best Ones Cryptos
Vechain
Vechain is a Cryptocurrency that enables businesses to create applications across different industries such as luxury goods, retail, supply chain logistics, food and beverage, automotive, and other industries.
According to Vechain’s website, “The VeChain platform enables manufacturers to assign special characteristics to their products using Smart Labels.” These characteristics could be anything the manufacturer wants them to be; however, they’re usually some identifiers that can be scanned. Vechain’s website continues, “These characteristics are stored in the blockchain, and every time they are checked, the information is updated to ensure authenticity.”
VeChain is pretty much what most people think of when they think about a lot of cryptocurrencies being discussed in the media. It’s a coin that has a rather practical application – its Blockchain can be used as a way to ensure authenticity for all sorts of items, from luxury goods to food and drink.
Vechain is not just one cryptocurrency but rather several different cryptos working together as one unit. VeChain THOR Power ( VET) is the coin that users need to pay for products on the platform. Owners of VET will receive Thor Power ( THOR ) back in return which can be used to pay for products or services in much the same way as VET. Vechain is with an 8 billion market cap currently the most popular AI coin and is valued at $0.1 per coin, furthermore, various crypto analysts currently predict for the VET price to reach $0.2 before the end of the year.
DeepBrain Chain (DBC)
DeepBrain Chain (DBC) is an AI coin that is all about creating a decentralized neural network for data mining. Apart from artificial intelligence, it also offers computer support, smart contracts, and trading.
The cryptocurrency uses the NEO platform to create the DBC token, which can either be mined or used in exchange for cloud computing power. Organizations use the DeepBrain Chain token to rent computational power on the blockchain, with miners getting rewarded in tokens for their contribution.
The platform provides an affordable solution for individuals and businesses to access high-quality cloud computing services. This helps in reducing costs significantly while allowing faster returns on investment through lower expenses. It also allows users to use their data or even sell it to big data companies.
SingularityNET (AGI)
SingularityNET (AGI) is a decentralized protocol that allows anyone to access AI services on demand. These include speech recognition systems and chatbots, among others. The platform uses AGI tokens for transactions inside its ecosystem.
When you buy into SingularityNET, it becomes part of your network that allows you to exchange both data and tokens. You can then use the Tokens within this environment to purchase AI services or data sets. They are accountable because they have smart contracts that assure a fair distribution of rewards to all the nodes in the network, which means everyone who participates can earn crypto tokens.
The Artificial Intelligence market is expected to grow from $10.1 billion in 2018 to $126 billion by 2025. With the rise of AI, there are many opportunities for investors and entrepreneurs alike. For instance, the token has an open-source protocol that lets AIs talk to each other without human intervention.
Ocean Protocol
The world is generating 2.5 quintillion bytes of data every day, and it’s growing exponentially.
Ocean Protocol is a decentralized ecosystem for AI services on the blockchain with an open-source framework for building AI apps that everyone can share. It’s like the App Store or Android Play Store, but for artificial intelligence instead of smartphone apps. Anyone can use these free AI services to build their applications without any programming skills needed!
The data is also very valuable, but it’s currently locked up in databases and private clouds. This means not only are our AI apps limited to the services that big corporations like Google or Facebook provide (which isn’t much), they’re giving away all of our information for free.
SophiaTX
SophiaTX is a next-gen blockchain platform for integrating the business world. It is also a decentralized platform for energy and knowledge. SophiaTX can be used to execute smart contracts, store data, and provide business applications.
The company is currently working on a project with Airbus Group to build a decentralized marketplace called Airbus Defense & Space Blockchain Marketplace. The company is also working with government organizations across the globe to create better public services that are more efficient and effective.
In recent months, the company has been under extreme pressure from investors who have been looking to buy tokens in the Crypto AI Blockchain ICO sale. The reason for this might be because of its huge potential in Blockchain integration.
The Bottom Line
There are quite a lot of interesting AI crypto projects out there. And most of them have been around for over a year now, which is a pretty good sign already. Nevertheless, it’s obvious that there isn’t any one particular leader in the AI crypto market yet.
The future will tell who’ll get to be the biggest. Currency trading is getting more and more complicated day by day. It’s not just about managing the news. It’s now about AI bots that trade at lightning speed.