A big part of being a successful crypto trader is knowing the narrative. Right now, the strongest narrative is Artificial Intelligence.
ChatGPT and AI tokens have gained significant attention recently, but the AI revolution is far from over.
Microsoft's acquisition of ChatGPT for $10 billion and its integration into Bing are causing concern for Google.
They are expected to make announcements about their Bard chatbot, which could further boost AI tokens.
AI crypto projects leverage AI's advantages to enhance efficiency across various industries.
After extensive research, I present my top 5 microcap AI projects (market cap under $100 million, mostly under $50 million), along with an upcoming project to watch out for.
I have no affiliation with the tokens listed here and all actions taken are purely your own responsibility. Pls, make all transactions on Binance for safety.
Covalent ($CQT)
Covalent is my top microcap AI token because of its early investment from Binance. As most Binance Labs projects eventually get listed on the Binance exchange, I believe there's a good chance $CQT will be listed there soon.
Covalent leverages data aggregation to provide valuable insights to investors and developers. Its decentralized network and proof-based protocol deliver deep, granular, and historical Blockchain data.
$CQT, the native token of Covalent Network, is an ERC-20 token with a maximum supply of 1,000,000,000. It serves as a governance token, staking asset, and network access token.
With a current market cap of $75 million, Covalent is listed on major exchanges like KuCoin and Kraken. It enjoys a Twitter following of just over 50,000.
Measurable Data Token ($MDT)
Measurable Data Token (MDT) is an established project since 2014. With its listing on Binance, it enjoys a significant average daily volume considering its $50 million market cap.
It experienced a notable rally during the recent AI hype.
MDT operates as a decentralized data exchange system, facilitating secure and anonymous data exchange between providers and buyers on the blockchain.
$MDT is the native ERC-20 token, with a total supply of 1,000,000,000 tokens.
On Twitter, it has a following of over 50,000 users.
Vaiot ($VAI)
Vaiot is a leading developer of blockchain-based AI Assistants and Intelligent Contracts, enabling automated services and transactions for businesses and consumers.
As AI continues to revolutionize various industries, AI-powered virtual assistants will play a crucial role in future businesses.
Founded in 2018 in Malta, Vaiot launched its platform in collaboration with IBM.
$VAI, the native ERC-20 token, has a maximum supply of 400,000,000. It serves as a settlement method, incentivizes users, and enhances network security while facilitating access to services at lower costs.
Vaiot currently holds a market cap of $30 million. On Twitter, it enjoys a following of 35,000 users.
Deep Brain Chain ($DBC)
DeepBrain Chain, with a current market cap of $20 million, is currently listed on Houbi and Gate.io exchanges.
Founded in 2017, DeepBrain Chain aims to revolutionize decentralized computing for 5G, AI, and IoT devices.
Its ambitious vision entails building a highly scalable and efficient computing network based on blockchain technology, positioning itself as a vital infrastructure in the 5G+AI era.
Notably, DeepBrain Chain's technology has been adopted by significant Korean companies, as mentioned on the project's official website.
With over 50,000 Twitter followers, DeepBrain Chain has garnered considerable attention.
$DBC serves as the native coin on the DeepBrain Chain blockchain, with a maximum supply of 10,000,000,000.
While it has experienced a 1000% increase since the beginning of the year, its value has recently declined.
Given its low market cap, the AI hype, and the potential for listing on major exchanges, investing in $DBC presents an intriguing opportunity, but it should be noted that it carries significant risk.
Big Data Protocol ($BDP)
Big Data Protocol, with a current market cap of only $11 million, is a small-scale token in the market.
The platform focuses on facilitating the sharing of commercial data and services. By utilizing the DeFi protocol, Big Data Protocol sources commercial data from professional providers tokenizes it, and enables liquidity through Uniswap.
This tokenized data holds significant commercial value, attracting financial institutions, businesses, and investors for market research and analytics purposes.
$BDP serves as the native ERC-20 token of Big Data Protocol, with a maximum supply of 80,000,000. It functions as a governance token and is listed on Uniswap, along with minor centralized exchanges like Gate.io and MEXC.
With just under 20,000 Twitter followers, Big Data Protocol has garnered a moderate following.
Similar to $DBC, investing in $BDP presents both profit potential and substantial risk.
Final Thoughts
It's important to remember that micro-cap tokens carry a high level of risk and potential reward, as their prices can be easily manipulated. Market trends are never linear, and prices don't continuously rise.
During periods of AI hype, these coins have the potential to experience significant gains. However, when the hype subsides, especially if Bitcoin undergoes a downturn, they are also likely to be heavily impacted.
Therefore, these tokens are not recommended for long-term "holding." Instead, it's advisable to buy them when their prices are low, capitalize on the hype for profits, and withdraw your investment before potential downturns occur.
I will closely monitor these projects and provide updates in future articles.
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Thank you for reading through!