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7 Top AI Coins by Market Cap Worth Investing in 2024

27 May, 2024 7 min read
7 Top AI Coins by Market Cap Worth Investing in 2024

The adoption of artificial intelligence is growing by leaps and bounds worldwide, permeating every industry. Is there an industry that hasn't taken advantage of using AI? The cryptocurrency market is no exception. In response to the increased demand for using AI tools in crypto trading, we are witnessing a new trend - the development of AI cryptocurrency. Some of the top AI coins have already been mentioned on our blog, like Fetch.ai. Let's expand the AI coin list with emerging AI crypto projects worth your interest and investment. 

What are AI crypto coins?

AI crypto coins are the cryptocurrencies introduced with the support of artificial intelligence projects. Such digital assets serve as the currency within AI-based blockchain networks. AI crypto tokens serve various purposes and goals. Most importantly, AI crypto coins power the ecosystem and allow you to benefit from using the technology offered by AI blockchain platforms. It facilitates dApps and smart contracts' operations that use AI for different functions. 

AI crypto can be explained as a cryptocurrency that integrates AI into its functionality. AI crypto coins can manage blockchain, automate trading, optimise mining, and deliver a more personalised user experience. 

The use cases for AI cryptocurrency are limitless. Considering the growing number of AI crypto coins and the estimated market cap of Artificial Intelligence coins, which averages $27.55 billion, investors may find it difficult to decide on the best AI crypto coins to invest in. To resolve this issue, we have decided to share a list of the top AI coins by market capitalisation. But first, before moving to the AI coins list, let's discover the difference between AI crypto and traditional digital assets. 

AI Crypto Coins vs Traditional Crypto

The main distinction between AI and traditional crypto is that artificial intelligence coins are explicitly developed to enhance the UX, facilitate transactions and enhance the functionality of AI-based blockchain-based platforms. Traditional crypto coins are based on existing blockchains (like Ethereum). They are used for different purposes, such as assessing the platform's services or representing ownership without using AI. 

Recently, the crypto community has witnessed a significant price surge of top AI coins such as Fetch.ai and SingularityNET, making more investors interested in funding AI crypto projects. However, like with any other crypto innovation, the long-term viability of AI tokens is yet to be seen.

 

Best AI crypto coins to invest in 

If you Google AI crypto projects, you will find many on the market. The exact number may be difficult to calculate since new crypto assets are launched regularly. However, the latest data shows over 100 AI crypto coins are available. Which of them are the best AI crypto coins to invest in? We have decided to find an answer to this question and list the best AI crypto coins by market cap. 

The Graph (GRT)

Market cap: $3.04 billion

The Graph is an indexing protocol for querying networks like Ethereum and IPFS. It's one of the top AI coins with the largest cricket capitalisation. It enables applications to rapidly and securely access data hosted on decentralised networks.

The Graph has become a crucial player in the blockchain industry with its innovative data-indexing approach designed to streamline smart contract development. Aggregating data from multiple blockchains offers developers a seamless gateway to access vital information, greatly simplifying building new blockchain projects. Its ability to facilitate queries on the Ethereum network allows developers to create APIs that compile specific information into sub-graphs, contributing to a robust infrastructure within the crypto sector. 

The Graph's native cryptocurrency, GRT, is an ERC-20 token with a 135% price increase since early 2023, highlighting its significance as a time-saving tool for developers. This enables efficient collection and utilisation of blockchain data. Consequently, The Graph is positioning itself as a technical innovator and a promising long-term investment in the rapidly evolving fields of AI and cryptocurrency.

Bittensor (TAO)

Market cap: $3.02 billion

best AI crypto coins

Bittensor (TAO) is another prominent example of the best AI crypto coins to invest in. Bittensor is an open-source protocol leveraging blockchain technology to create a decentralised machine-learning network. This network facilitates collaborative training of machine learning models, rewarding them in TAO based on their informational contributions. Bittensor's system allows researchers to monetise their AI models, enabling consumers to purchase their intelligence work directly, thus providing value to more specialised or legacy systems. Despite market volatility, Bittensor (TAO) has demonstrated robust technical performance, currently priced around $380.53 with a market capitalisation of approximately $3 billion (as of late May 2024). 

Theta Token (THETA)

Market cap: $2.27 billion

best AI crypto coins to invest

Theta Token (THETA) is an innovative cryptocurrency with significant market attention due to its unique decentralised video streaming capabilities. Utilising a peer-to-peer network, this is one of the top AI coins offering faster and more efficient video delivery by leveraging idle resources like spare computing power and bandwidth, compensating participants for their contributions. This system allows users to earn tokens by sharing their spare bandwidth and computing resources, which can be used within the network or sold on major exchanges. 

Theta provides a unique real-world use case for the growing digital media and online gaming markets. Although not yet a household name, Theta's robust performance over recent months and a market cap of just $6 billion suggest significant growth potential.

Fetch.ai (FET)

Market cap: $1.99 billion

top ai coins

Fetch.ai (FET) is one of the top AI crypto projects that has captured market attention due to its innovative decentralised AI network. Designed to automate and decentralise web transactions, Fetch.ai uses artificial intelligence to streamline everyday tasks such as booking parking spaces and flights. It enables users to earn tokens by sharing spare bandwidth and computing resources on a peer-to-peer basis, with these tokens usable within the network or tradable on major exchanges. 

Fetch.ai holds significant growth potential and is poised to revolutionise industries like deliveries, healthcare, autonomous AI travel, commodity exchanges, and supply chains. As machine learning and AI applications expand, so do the prospects for Fetch.ai, making it a compelling investment consideration.

SingularityNET Token (AGIX)

Market cap: $1.25 billion

top AI cryptocurrency

SingularityNET (AGIX) aims to integrate AI with blockchain technology, creating a network that incentivises participants and enhances access to valuable AI data. By fostering a decentralised AI environment, SingularityNET seeks to break the dominance of tech giants like Google and Microsoft, opening AI innovation to the broader community. The platform's native cryptocurrency, AGIX tokens, are used to pay for AI services within the network. Since the beginning of 2023, AGIX has demonstrated significant gains, indicating substantial growth potential.

Worldcoin (WLD)

Market cap: $986 million

Worldcoin (WLD) is one of the top AI coins attracting considerable attention, and its investment prospects look promising for several reasons. Its growth aligns closely with advancements in AI, indicating a strong correlation that fuels investor interest in AI-crypto collaborations. Technical analysis indicators currently predict bullish sentiments for WLD tokens. Additionally, some experts forecast significant value increases for Worldcoin, with projections suggesting it could reach $100 by 2025. These factors collectively suggest that Worldcoin could be a compelling investment opportunity as the crypto and AI markets evolve.

Ocean Protocol (OCEAN)

Market cap: $552 million

Ocean Protocol is a popular AI crypto project designed for data sharing and related services, acting as a bridge between data providers and consumers. Utilising data communication, it offers a tokenised service layer that makes data, storage, computation, and algorithms accessible for use. Data owners can monetise their data by listing it on the Ocean Market app, while consumers can easily purchase private data. Ocean Protocol enhances data discovery by storing and highlighting metadata, linking assets and services, and providing a licensing framework with tools for pricing. This makes it a powerful tool for efficient and secure data transactions.


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Why you should invest in AI crypto

The buzz around AI crypto peaked in 2023 following the increased adoption of popular AI bots such as ChatGPT. The demand for artificial intelligence is increasing, particularly in the cryptocurrency sector. According to stats and forecasts provided by Statista, the AI sector may reach an impressive $2 trillion valuation by 2030. Based on the growing adoption of AI and forecasts about the global AI market anticipated to swell to $934.45 million by 2026, investors shouldn't miss the opportunity to delve into AI crypto. The investment opportunities in AI cryptocurrencies are hard to ignore, considering the compound annual growth rate of 24.9%. 

The investment allure of AI cryptocurrencies is hard to ignore, considering their impressive compound annual growth rate of 24.9%.

How to buy AI crypto on StormGain

At StormGain, we have already started updating the collection of cryptocurrencies that you can buy and trade with most of the top AI cryptos mentioned in this article. Buying AI crypto or any other cryptocurrency on StormGain is a straightforward process. Simply follow these steps: 

  1. Create an account on StormGain.
  2. Look for the "Buy cryptocurrency with credit card" button in the app or web platform.
  3. Use your credit card to buy cryptocurrencies and add funds to your account.
  4. Review the order summary on the checkout page.
  5. Enter your credit card details.
  6. Add the credit card billing address.
  7. Provide your contact details.
  8. Click 'Pay Now' to finish.
  9. When you pay for the very first time, verification is required.

StormGain's collection of digital assets is continuously growing. With us, you can create a diverse and well-balanced crypto portfolio. Also, stay tuned for more useful updates and guides on monetising with cryptocurrency!


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