### Top 4 AI-Based Altcoins Poised for $1 Million Profit 🚀📈💥
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With the rise of artificial intelligence (AI) technologies, certain AI-focused altcoins such as NEAR, FET, RNDR, and TAO are showing immense potential for substantial profits in 2024. These digital currencies could transform even modest investments into significant gains by December.
1. **NEAR Protocol (NEAR)**
- **Overview**: NEAR is a decentralized cloud computing platform designed to solve blockchain inefficiencies like slow transaction speeds and limited throughput.
- **Market Position**: Ranked 19th on CoinMarketCap with a market cap of $8 million.
- **Performance**: NEAR has surged over 20% in the past month and an impressive 357% over the past year.
2. **Fetch.AI (FET)**
- **Overview**: Fetch.AI focuses on creating a decentralized machine learning network to streamline online transactions.
- **Current Metrics**: Priced at $2.25 with a market cap of $1.9 billion.
- **Growth**: FET has skyrocketed by 710% over the past year and 15% in the last month.
3. **Render (RNDR)**
- **Overview**: Render utilizes idle GPU power for digital content creation, connecting service providers with GPU owners.
- **Valuation**: Holding the 27th spot on CoinMarketCap with a market cap of $3.99 billion.
- **Price**: Currently around $10.26.
4. **Bittensor (TAO)**
- **Overview**: Bittensor integrates blockchain with AI to improve machine learning accessibility and collaboration.
- **Market Data**: Market cap stands at $2.82 billion, priced at $412.
- **Growth Metrics**: TAO has increased by 519% over the past year and 11% in the last month.
### Conclusion
NEAR Protocol, Fetch.AI, Render, and Bittensor are positioned for significant growth as the AI market expands. These altcoins present a promising opportunity for investors to achieve substantial profits by December.
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