Golem, Bittensor, and Akash are the top AI coins investors can consider now that the crypto market is bouncing higher.
Crypto is recovering, looking at the performance of Bitcoin, altcoins, and even some of the top AI tokens like Bittensor.
As the crypto market cap rises, interest is now shifting to high-performance altcoins. Some of these projects aim to merge AI and crypto, creating a blended product that solves the most pressing concerns for all users, regardless of location.
If anything, AI is projected to be worth trillions in the coming years, forming an indispensable part of the digital economy.
The total crypto market cap of AI tokens is over $22 billion. However, as the tech finds adoption and is integrated across various industries, growth will be turbocharged, further lifting valuation.
Top 3 AI Coins to Consider In 2024
As investors expect this scene to grow rapidly, smart traders are now sifting through the crypto AI industry, looking for quality coins to get exposure ahead of the bull run.
The following are the top three crypto AI tokens that they can consider:
1. Bittensor (TAO): Grayscale In The Picture
Bittensor is a top crypto AI project with a market cap of over $2 billion as of August 13.
At its core, Bittensor is a decentralized platform that connects all these machine learning AI models from across the globe to function like one unified network—call it a global brain.
When it does this, Bittensor converts the decentralization of AI models and distributes it so that anyone can compute on the network in a way that’s cheap and reliable.
As a result, the Bittensor solution has democratized access and significantly slashed the cost of AI development by eliminating the need for expensive infrastructure.
Recently, Grayscale, the largest crypto asset manager in the world, launched the Grayscale Bittensor Trust. Through this product, institutions can invest in Bittensor’s TAO.
As of mid-August, TAO is up over 8X from all-time lows recorded in March 2023.
(TAO)
2. Golem (GLM): Whales Buying But Foundation Selling
Golem is a crypto OG project launched only a few years after the deployment of Ethereum.
Through Golem, users can buy and sell computational power to drive crypto mining, render products, or fast-track AI activities.
Though GLM has been on a downtrend in recent years, whales have been accumulating.
Sentiment was dented last month when the Golem Foundation transferred over $100 million ETH received from its ICO to multiple exchanges, including Binance.
While GLM prices fluctuate, at spot rates, those who got in early are still up 34X.
(GLM)
3. Akash (AKT): Trade GPUs for AI Tasks
The Akash Network has been resilient, absorbing selling pressure over the past few years.
It weathered the dump of 2022 and is now up an impressive 15X from that pit.
What’s cool about Akash is that it creates an open-source platform for users to trade GPUs that power AI tasks.
In this arrangement, users can rent GPUs on demand or choose to invest in hardware for larger operations.
The platform uses the Cosmos Hub and connects to the Inter-Blockchain Communication Protocol (IBC), which means it is interoperable with other Cosmos chains.
Recently, the team partnered with Flock.io to create a decentralized AI model training. Here, AKT holders will be free to participate and contribute, among other data and computing resources.
AKASH holders are upbeat and expect the coin to continue floating even higher in the coming months.
(AKT)
READ MORE: 16 Best Crypto ICOs in 2024 for 50x Returns
