One of the leading narratives during this bull run will be AI-related cryptocurrencies, this intersection of AI and crypto combines the power of AI with the innovation of crypto.

AI-Crypto projects leverage advanced algorithms to improve various aspects of the crypto space, from optimizing trading strategies to revolutionizing DeFi apps. This category has a lot of potential for changing how we interact with and understand the world of blockchain and crypto.

The total market cap of AI and Big Data tokens has reached $27,986,864,821, with these tokens gaining recent adoption in the crypto space due to advancements in algorithms and computing power. This integration has created innovative projects that leverage AI to enhance trading strategies and optimize DeFi protocols.

Despite being a relatively new narrative, the rapid evolution in this space presents a compelling investment opportunity, especially as AI advancements continue to enhance potential returns on investments.

In 2023, AI dominated the crypto narrative, with 11.3% of total investor interest, driven in part by integrating popular AI chatbots like ChatGPT into the crypto space, fueling attention toward AI-related tokens and significant price rockets throughout the year.

As this momentum carries into 2024, we anticipate continued growth and innovation in AI-related cryptocurrencies, boosted by ongoing AI technological advancements that strengthen investor confidence and keep interest in this space.

There are a lot of tokens in the AI & Big Data category, here are some of the top ones in this ecosystem worth checking:

Render (RNDR)

Render Network offers decentralized rendering of 3D graphics using underused personal GPUs. Individuals earn RNDR tokens by contributing their GPU power, while creators and studios access this scalable and cost-effective resource to pay for rendering needs.

RNDR had been growing slowly until the 15th of November 2023, when it started gaining more volume causing it to repeatedly surpass the overbought threshold on the RSI indicator. From the beginning of 2024, RNDR had been going sideways until February 7, when it started rising rapidly and crossing the overbought line on the RSI. After this rise, there was a correction phase as the token became too overbought.

Akash Network (AKT)

Akash Network focuses on providing the computational power needed to train and run powerful machine-learning models. This cloud infrastructure is important for AI companies, offering them a secure and cost-effective way to access the resources they need. AKT uses a proof-of-stake consensus mechanism, allowing token holders to earn rewards for staking their tokens and participating in the network's security.

AKT remained relatively stable until it started an uptrend on November 17, 2023, with corrections along the way, contributing to the overall health of the trend. This uptrend has remained since the previous year, with multiple instances of AKT surpassing the overbought line on the RSI indicator. Despite these events, the token has consistently corrected itself, maintaining a healthy overall trend.

PAAL AI (PAAL)

PAAL is an AI-powered token built on Ethereum, that aims to bridge human-machine interaction. Leveraging AI and machine learning, PAAL has an advanced chatbot for tasks like language understanding and decision-making. The token offers incentives like profit sharing, buybacks, and rewards for interaction, along with governance rights and staking for interest.

PAAL had a slow rise followed by a period of sideways movement from November 15, 2023, to January 11, 2024. Then it entered a phase of slow decline until February 9, when it started rising rapidly, surpassing the overbought line on the RSI indicator. After correcting itself, PAAL continued its upward trajectory.

ChainGPT (CGPT)

ChainGPT enables access to the ChainGPT AI model, designed specifically for this domain. Users can leverage ChainGPT for tasks like analyzing markets, explaining complex concepts, and even writing smart contracts. By holding CGPT, users gain access to this advanced AI and potentially benefit from profit sharing, buybacks, and governance rights.

CCPT had a sideways trajectory until November 18, 2023, when it had a three-day upward movement causing it to surpass the overbought line on the RSI indicator and then have a correction. After this correction, CCPT continued to trade sideways until January 23, 2024, when it started an uptrend. Although the uptrend began slowly, it gained momentum over time, leading to faster price increases.

The rise of AI-related cryptocurrencies is an important evolution in the crypto space, with 2023 showing their potential to dominate investor interest and drive big growth. As we look ahead to 2024, the continued integration of AI technologies promises further innovation and opportunity within this sector. With advancements in AI chatbots and decentralized platforms changing the way we interact with crypto, the future is promising for AI-related cryptocurrencies.

Affiliate Links

Trade the tokens above on these exchanges: BingX / MEXC

SurfShark VPN service: Get 3 Months Free!

Vultr VPS Service: Receive $100 when you spend $35!

Astrabit Trading Bot Service: Elevate Trading / Warp Bots

DISCLAIMER AND WARNING

I am not a financial advisor. This content is for entertainment and educational purposes only. For professional advice, please consult a financial advisor. I cannot be held liable for any actions you take based on my opinions or the content on this channel, its social media platforms, or websites. Information provided here is for informational purposes only; do not make financial decisions based solely on this content.