These 3 AI-based altcoins to outpace Bitcoin & Ethereum in 2024

Innovation is the middle name of the crypto market, and 2024 has certainly proven it. The year has been filled with unique projects, especially AI-based altcoins.

Names like Fetch.ai, SingularityNET, Render, etc., are ruling the crypto industry. These AI-based altcoins are outperforming BTC, ETH, and XRP. Their AI capabilities and features are a major reason behind their success.

However, traders will undoubtedly be perplexed about which AI altcoins to choose as the market floods with new ones. Here are the top 3 AI-based altcoins that everyone should consider in 2024:

RNDR (Render)

RNDR is revolutionizing the development of virtual content by using a separate, GPU-based rendering network. The platform uses OctaneRender to connect GPU owners with people who need rendering services. The altcoin is currently trading around the 10-dollar mark, with a 2.86% dip in the past 24 hours.

AGIX (SingularityNET)

SingularityNET, a decentralized platform for AI services, advocates for democratizing AI’s advantages through the implementation of an open-source model. AGIX leverages a network of smart contracts to facilitate an AI marketplace that fosters collective contributions and global accessibility. In the past year alone, AGIX has risen 263% in value, driven by users’ escalating interest.

FET (Fetch.ai)

FET is another AI-based altcoin project trying to revolutionize the blockchain industry. It leverages an ML network to focus on optimizing and decentralizing online transactions for enhanced user experiences. The coin has also gained a staggering 749.64% value in the past year alone. The rapid expansion of Fetch.ai has piqued the curiosity of investors, especially those with a penchant for initiatives centered around artificial intelligence. Consequently, with the FET price forecast being a hot topic, Fetch.ai is expanding the accessibility of artificial intelligence technologies.

All these altcoins are sitting in the ideal spot to overtake the crypto market. Given the growing buzz surrounding AI technology, these coins can offer an ample investment avenue. Due to their relatively newer market entry, AI-based altcoins diverge from traditional tycoons like Ethereum, XRP, and Bitcoin. However, it is highly advised that traders must undertake their research before making the final call.

David Cox

David is a finance graduate and crypto enthusiast. He projects his expertise in subjects like crypto and Blockchain while writing for CryptoNewsZ. Being from Finance background, he efficiently writes Price Analysis. Apart from writing, he actively nurtures hobbies like sports and movies.

Related Articles

Back to top button