Artificial intelligence (AI) has revolutionized many industries, including finance and cryptocurrency. As the adoption of AI technology continues to grow, it's no surprise that there is an increasing interest in AI coins. These coins, which are backed by AI technology, have the potential to change the way we conduct transactions, invest, and even interact with our digital devices. In this article, we will explore some of the top AI coins that are ready to explode in 2023, based on their current market trends, technological advancements, and potential for growth.
Top 5 AI Cryptocurrencies
Cryptocurrencies have gained immense popularity in recent years, and the market has grown exponentially. With that, the introduction of artificial intelligence has brought in new perspectives and opportunities to the crypto world. In this article, we will be discussing the top 5 AI cryptocurrencies that you should keep an eye on in 2023.
The Graph (GRT)
The Graph is an indexing protocol that is designed to query networks like Ethereum and IPFS. It provides an efficient way to read information other than the basic data directly from the blockchain. The protocol solves the complexities by using a decentralized protocol that is designed to index and enable efficient querying of network data. Reports claim that The Graph uses artificial intelligence to do pretty much what Google did for the internet. Its native cryptocurrency carries the GRT ticker and has exploded since the beginning of 2023.
SingularityNet (AGIX)
SingularityNet is more of an ecosystem than a narrow-focused crypto project, but it does have artificial intelligence at its core. It’s an open and decentralized platform of AI services that have been made available through blockchain-based technology. The team's main goal is to make an "Artificial General Intelligence" (AGI) so that a technological singularity can be used for good.
It should be noted that the platform is built on two smart contract networks: Ethereum and Cardano. AGIX has become one of the best performers in 2023.
Fetch.ai (FET)
Fetch.ai brings forward a blockchain platform that takes advantage of artificial intelligence in an attempt to help people automate everyday tasks. It's a protocol for connecting chains, and it basically uses artificial intelligence to make P2P applications run automatically without any help from a person.
The native token known as FET is what supports the entire ecosystem. FET, as a digital currency, is the ecosystem's primary medium of exchange. If you want to use any of the paid services provided by Fetch.ai, you will have to pay with FET.
Oasis Network (ROSE)
The Oasis network is a layer 1 blockchain that’s designed to be versatile, scalable in a unique way, and also privacy-oriented. The technology stack includes a consensus layer and an execution layer, which are separated. This allows for multiple ParaTimes to process transactions at the same time. The ParaTime layer is completely decentralized, which allows anyone to build their very own ParaTime.
Oasis Network is designed to outperform parachains and sharding. The ParaTime layer is their way of naming the execution layer. The native cryptocurrency is ROSE.
Ocean Protocol (OCEAN)
Ocean Protocol is a platform that's been developed to connect data providers and data consumers in a blockchain-based marketplace. Its business model is based on a number of new technologies, such as artificial intelligence (AI) and tokenizing certain datasets and data services so that data providers can quickly, easily, and effectively make money from their data. Consumers have convenient access to an ecosystem of useful information. OCEAN is the Ocean Protocol's native cryptocurrency.
Conclusion
Artificial intelligence has provided a new perspective and added value to the cryptocurrency world. The cryptocurrencies discussed in this article provide a unique blend of AI and blockchain technology. Investing in them could be a good choice in 2023. However, it’s always advisable to do your own research before investing.
