Artificial intelligence (AI) and cryptocurrencies are two of the most exciting technological innovations of the modern era. As they continue to evolve, they are changing the way people invest and conduct business. In recent months, AI-focused blockchains and digital assets have been attracting attention and demand. OpenAI's text-based application, "ChatGPT," has also become increasingly popular. In this article, we will discuss the top AI-related cryptocurrencies that traders and investors should watch out for in 2023 by analyzing their performance and current events surrounding them.
The Graph (GRT)
The Graph (GRT) is the most valuable AI-related cryptocurrency, providing a novel method for indexing and querying data on the blockchain. It allows each developer to create subgraphs and specify how to ingest, index, and serve on-chain data in a verifiable manner, potentially resolving the issue of developers' access to blockchain data with GRT incentives. The native currency is now trading at $0.089, down 6.56% on the day and 1.02% on the week, but still up 59.37% on the monthly chart. It may be used for staking, payments inside the network, and earning fees for putting it into a bonding curve and delegating to indexers.
Ocean Protocol (OCEAN)
Ocean Protocol (OCEAN) is an open-source blockchain-based data exchange that allows programmers to create more immersive apps for specific communities. The system has just undergone a significant Ocean ONDA V4 upgrade, increasing its security, flexibility, and return on investment potential, and integrating Data non-fungible tokens (NFTs). As a result, buying pressure developed on the coin, which was trading at $0.3662 at the time of publication, up 6.97% week over week and an impressive 123.22% month over month.
Fetch.ai (FET)
Fetch.ai (FET) combines blockchain and AI to build a network of autonomous software agents for AI-powered peer-to-peer applications. It has had a strong start to the year as the crypto community became more aware of its use as an interchain bridge and its work on Autonomy of Things (AoT). FET has gained 1.51% compared to seven days ago and registered a solid 188.28% gain over the past 30 days while posting a 6.56% loss during the previous 24 hours to the prevailing trend on the cryptocurrency market.
SingularityNET (AGIX)
Due to the rising demand for AI and the recent release of the Mindplex Magazine in partnership with the decentralized multimedia content platform Mindplex, the SingularityNet.io project's native SingularityNET (AGIX) coin has also enjoyed a successful start. AGIX is presently trading at $0.1717, down 7.14% over the last 24 hours and 2.19% for the last week, but it has had exceptional growth of 272.74% during the last 30 days.
Artificial Liquid Intelligence (ALI)
The goal of Artificial Liquid Intelligence (ALI) is to create an intelligent metaverse full of interactive and intelligent non-fungible tokens (NFTs) that adhere to the "intelligent NFT" (iNFT) standard. The platform recently launched its CharacterGPT dApp with Polygon (MATIC), which enables "anyone to quickly create, train, and trade AI characters as NFTs on Polygon." As a result, the price of ALI has increased by 3.86% over the past week and 285.09% over the past month, despite declining by 11% in the final day.
Numeraire Users may participate in the Numerai Tournament, a weekly event where they can use their expertise to develop trading algorithms that predict stock prices. The top-performing algorithms are rewarded with NMR tokens and integrated into Numerai's hedge fund trading strategy.
NMR's price has been on a steady rise since the beginning of the year, currently trading at $57.23, up 3.77% over the last 24 hours and an impressive 332.63% over the past 30 days.
Conclusion
As AI and blockchain technologies continue to develop and converge, the potential for new and innovative applications and use cases is enormous. The cryptocurrency market has already seen the emergence of several AI-focused digital assets, each with its unique features and benefits.
Investors and traders interested in the intersection of AI and blockchain should keep an eye on these six top AI-related cryptocurrencies in 2023. While market fluctuations can never be predicted with certainty, these coins have demonstrated strong performance and significant potential for growth in the coming months.
Whether you're an experienced crypto trader or just starting, it's always essential to conduct thorough research before investing. As with any investment, it's important to consider your risk tolerance, investment goals, and time horizon before making any decisions.
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