AI Narrative Back As FET Crypto and TAO Crypto Most Searched: Top 5 Crypto AI Coins to Buy in August
As crypto AI tokens correct, 99Bitcoins analysts back Fetch.ai, Bittensor, Paal, Aioz Network, and WienerAI to post huge gains in August.
When the AI tide rose, not only did ChatGPT go viral, attracting hundreds of millions of users within the first three months, but crypto AI and enabling firms, mainly chipset manufacturers, ballooned to command trillions.
Even after a stock split, Nvidia is one of the most valuable tech companies around. Its mega valuation will continue rising, especially after the Fed slashes interest rates and AI becomes an indispensable part of society.
What’s evident to see is that the success of AI has also lifted the valuation of crypto projects integrating this revolutionary technology.
Top 5 Crypto AI Projects to Consider in August 2024
While early August has been unkind to Bitcoin and top altcoins, 99Bitcoin analysts have picked the following crypto AI projects to succeed in August:
1. Fetch.ai (FET/ASI):
Last month, the Artificial Superintelligence Alliance (ASI) launched the first phase of its token merger process with Fetch.ai, Ocean Protocol, and SingularityNet, and the subsequent rebranding of FET to ASI. There will be a change in tokenomics and market cap.
Though some exchanges won’t support the Fetch.ai merger, ASI’s mission is exciting. They want to ensure AI development is decentralized and not just a corporate-led activity, which is currently the case.
(FETUSDT)
FET prices remain in a downtrend. However, prices will likely soar in August if the coin recovers from around $1 and breaks $1.5 in the coming days.
2. Bittensor (TAO):
Bittensor is one of the most valuable crypto AI projects.
The platform is known for its goal of offering a decentralized marketplace for AI services. While it maintains a vibrant community and a diverse ecosystem of active projects, TAO has been under pressure after the breach in July.
(TAOUSDT)
Still, there is room for growth. Although the token is down 21% from July highs, a breakout above $365 could draw demand, lifting sentiment. For this reason, there is little preventing TAO from being one of the leading performers in August, cementing its position as a top crypto AI project.
3. PAAL.Ai (PAAL):
The Paal project aims to build a customizable platform and a comprehensive AI ecosystem. Similar to ChatGPT, the portal uses custom data fees and LLMs to offer a set of free tools for users to research or conduct audits.
Recently, they launched Paal Sniper, which allows traders to employ AI when deploying their strategies. So far, PAAL has a market cap of over $226 million.
(PAALUSDT)
However, PAAL has been sliding, looking at the daily chart like other top altcoins. A snap back to trend, lifting the token above $0.40, would lift sentiment, pushing prices even higher.
4. Aioz Network (AIOZ):
The Aioz Network wants to eventually build a robust AI ecosystem for users to do various activities. Top of the list is to release a platform where users can train AI models, store data, and even build powerful and scalable AI dApps.
(AIOZUSDT)
Last month, the platform released the AIOZ vault release, which, among other things, simplifies data storage. At the same time, they partnered with the Sei Network to expand their reach.
Prices have been stable since June. If bulls push AIOZ above $0.70, August will be a strong month for the coin.
Highest Growth Crypto AI Play: WienerAI (WAI):
Topping our list of AI tokens, don’t miss this low mcap play. After a successful WienerAI presale that raised over $9 million, developers are preparing to launch what will be among the most powerful crypto AI-trading bots.
Through this bot, users will be shielded from MEV bots while also enjoying zero-fee swaps. WienerAI’s coolness is that it taps into meme culture.
Once WAI lists on DEXes from August 5, analysts expect the token to fly, rallying by 100X by the end of the year. Before this highly anticipated listing, investors can buy WAI for just $0.00075.
If they choose to HODL, expecting maximum benefit in the coming months, they are free to stake and receive an annual yield of 122%.
READ MORE: 16 Best Crypto ICOs in 2024 for 50x Returns
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