Have you ever wondered how many crypto assets there are in the decentralized market? In short, there are between 9k and roughly 20k units, it depends on the angle you look at it from.
Number of cryptocurrencies worldwide from 2013 to November 2024, Statista
Due to how unobstructed crypto token development services have become, it is fairly easy to create one. This way, you can meet lots of variations, such as Meme coins, altcoins, utility tokens, governance tokens, stablecoins, and more.
Of course, a large portion of assets might not be that significant, and some of them have already faded away.
Still, as Donald Trump has recently become a US president and Bitcoin and other cryptocurrencies are beating new records on the expectation that Trump’s administration will be much more crypto-open, it’s high time to pay attention to some cutting-edge options, such as AI crypto coins.
What Are Artificial Intelligence Crypto Coins?
AI crypto coins are blockchain-based digital currencies ingraining artificial intelligence in their functionality.
The projects employing AI make for better-functioning blockchains, offering faster transaction times, more protected smart contracts, and data insights.
They have broad applications (for more details, please explore these AI/ML case studies), ranging from decentralized finance to data sharing and AI-powered investments.
How AI Is Taking Over the Crypto Direction
Cryptocurrencies are a highly volatile investment product, so even the price of Bitcoin often sees ups and downs. However, as 2024 opens up, it is likely there will be many catalyzers, including AI.
AI cryptocurrency is becoming more popular as it mixes the power of artificial intelligence with blockchain to foresee market drifts, inspect layers of data, and automate tasks.
In 2024, AI crypto is expected to grow even more, offering new solutions in finance, medical care, and supply chains.
Exploring the Top 5 AI Crypto Projects
Let’s take a closer look at five of the top AI crypto projects making a big impact in 2024:
Fetch.ai (FET)
Fetch.ai provides a premium environment for AI by creating smart digital helpers called autonomous agents.
Originally, they were created to help users improve supply chain operations, govern energy usage, or even ease traffic congestion in cities by routing cars based on current conditions.
Yet Fetch.ai is also used very actively in decentralized finance to automate some of the trickier trading strategies and make DeFi services more painless and methodical for all.
SingularityNET (AGIX)
SingularityNET is working on mainstreaming AI by creating a marketplace where developers would upload, share, and sell their AI models.
Picture it as a global storehouse of AI tools that anyone can use. Companies all over the world can tap into these tools for such work as language translation, image recognition, and many more without having to develop their own AI.
SingularityNET is meant to democratize AI for the rest of the world to create an open market that would stimulate innovation in areas such as healthcare and robotics, to name a few.
Numerai (NMR)
Numerai represents a sensational intersection of AI and finance. Running an AI hedge fund where data scientists worldwide will be creating predictive models that help foreknow the movement of the stock market is only a small part of the activities that this project promises.
What makes Numerai so impressive is its contributors needn’t share their data or algorithms; everything stays private via encrypted data. Contributors are incentivized with NMR tokens for the correctness of their prognoses.
This, in turn, inspires cooperation, whereby the fund’s performance is enhanced, and the contributors are rewarded based on their insights.
Ocean Protocol (OCEAN)
No one can deny the importance of data. Therefore, sharing and monetizing data—that’s what Ocean Protocol is all about.
Frankly speaking, few companies are willing to share it out of fear of privacy concerns. This is where Ocean Protocol enters with its use of blockchain and AI to keep data exchanges secure and private.
It allows access to businesses and researchers who want quality data for AI training, and that, too, without affecting the privacy factor much.
For example, it is possible for a healthcare company to share anonymized patient data in a secure manner that can be used to tweak treatment by researchers.
On its platform, Ocean incentivizes data owners to share data responsibly by rewarding them with OCEAN tokens.
Cortex (CTXC)
Cortex is a blockchain platform that incorporates AI into smart contracts. Smart contracts operate based on a set of pre-written rules and are unable to learn or adapt in any way.
Cortex bucked that trend as it enables developers to build models right inside their contracts. This allows applications built on Cortex, and dApps, to make much better decisions concerning the real world.
What’s Next for AI Crypto Coins?
The future of artificial intelligence crypto coins is indeed bright, considering how both technologies continue to improve.
AI will make smart blockchain systems speedier, as it will help blockchain systems process information regarding transactions, data analysis, or any other automated decisions.
Many industries also study how AI crypto can solve real-life problems in finance, health care, logistics, and more.
As these technologies gain more and more popularity, other, more advanced uses are starting to be seen with smart learning and improving contracts or even financial tools that can predict future market trends.
Enterprises and governments might also decide to use AI crypto for the safe and private sharing of data, which would give it an even larger boost.
How to Make Your Own AI Crypto Token: Practical Recommendations
One great way to fuse both blockchain and artificial intelligence would be to introduce an AI-based cryptocurrency.
But first, you need to specify what problem the token will be able to resolve. Does it help in automated trading, improve data sharing, or offer smart forecasts? Having a clear sense of purpose will steer the rest of your project.
Then, you would choose a blockchain platform, such as Ethereum or Binance Smart Chain, on which your token would be hosted. All the above platforms would give you the basic tools needed to have your cryptocurrency designed and supported.
Next would have come designing smart contracts, which would be likened to a set of rules that your token would observe for transaction and reward purposes. AI-related features can be tacked on for added specialness to your token. These make your token smarter and more valuable.
Test everything out carefully before going live—double-check how everything works and confirm the system is safe.
If you are in need of professional help, then SCAND AI development company is here at your service. SCAND provides blockchain development services to customers, such as free MVP development that will turn your AI crypto idea into a reality.