The value of AI-related crypto currencies is on the rise. These crypto projects have experienced a significant increase, jumping sharply from $2.7 billion to an impressive $26.4 billion in just one year. This upward trend shows no signs of slowing down. Projections by investment firm VanEck suggest potential earnings from these ventures could reach around $10.2 billion by the end of the next decade. In this scenario, profits could even soar to a remarkable $51 billion.
However, with numerous AI-coins saturating the market, identifying the most promising investments may pose a decent challenge to investors. To help minimize research, we have identified three notable AI-focused cryptocurrency projects that are worth exploring in the current crypto space.
NEAR Protocol
Investing in NEAR Protocol is an appealing option in the recent bull run, given its ability to rapidly and reliably process huge volumes of transactions. It is capable of scaling to handle thousands of requests per second with minimal delay and defeats competitors in speed and responsiveness. Programmers also enjoy working with NEAR, thanks to languages like Rust and AssemblyScript that simplify development. Meanwhile, NEAR’s stock of dApps and partnerships continues to expand, strengthening the network’s utility for users and value for investors. Its novel consensus protocol and data sharding also provide reassurance, confirming transactions safely and sustainably without compromising eco-friendliness. All of these attributes have propelled explosive growth. At $5.14, $NEAR’s value has increased by 267.04% in just a year, suggesting further success ahead.
Render Token
Using technology to distribute GPU rendering tasks globally, Render Network has come up with a smart strategy that holds promising potential. Their platform enables users to tap into graphics power from multiple sources, reducing costs and significantly enhancing productivity for rendering projects. This rendering capability is crucial for industries such as gaming, AR/VR, and VFX that rely on creating images. Additionally, RNDR tokens play a role in driving the growth of this evolving Render marketplace. The project has also formed business partnerships, further solidifying its value as the system continues to expand steadily. At the time of writing, the price of one $RNDR is $7.63. This is a 287.30% increase in one year. Investing in RNDR tokens seems like a wise choice, considering Render Network’s innovative approach to distributed rendering, which builds it up for more success in the future.
Akash Network
Investing in Akash Network (AKT) presents an opportunity thanks to its groundbreaking decentralized cloud computing platform, which offers a more cost-effective and efficient option compared to traditional cloud services. Through a blockchain-based marketplace, Akash enables developers to rent out computing power, leading to cost savings. The platform’s strong security measures, scalability, and adaptability make it suitable for uses such as web hosting and managing machine learning tasks. Furthermore, Akash Network’s emphasis on compatibility and its expanding community contribute to its outlook for long-term growth. The current price of $AKT is $3.69 which is a whopping 561.88% increase in a year.
Ultimately, these AI tokens have the potential to generate substantial income, but only if they are invested for a minimum of one year, allowing for pure profit after that time. This suggests that market fluctuations may lead to losses when investing in short-term investments. These cryptocurrencies significantly enhance their potential as memecoins by offering practical utilities and robust foundations, which are based on artificial intelligence. It is imperative to be patient and maintain a protracted retention period in order to achieve a higher return on investment.
