A big part of being a successful crypto trader is knowing the narrative. Right now, the strongest narrative is Artificial Intelligence.

Check out my post where I cover top 5 AI crypto altcoins with highest long-term potential. I also discuss other strong crypto narratives, such as ZK tokens, Chinese altcoins and LSD protocols, as well as top 10 unreleased crypto tokens with 50x -200x potential.

ChatGPT has been taking the internet by storm during the past weeks and AI tokens have been on the rise.

But the AI narrative is far from over.

Microsoft will be acquiring ChatGPT for $10 billion and making it part of their Bing engine. This is making Google very nervous, and they will soon be making new announcements regarding their Bard chatbot which could launch another pump among AI tokens.

AI crypto projects take advantage of the benefits of AI to develop their products and services with the goal of helping different industries become more efficient.

I’ve researched a few dozen AI projects taking into account their market cap, utility, community, team and investors.

In this post, I share with you my top 5 microcaps, so tokens with a market cap under $100 million (and under $50 million for most of them), plus one project that will soon be released.

1. Covalent ($CQT)

My number one microcap AI token is Covalent for one major reason: Binance was one of its early investors and it’s keeping a close eye on it, but it still hasn’t listed it. Since most projects founded by Binance Labs make it to the Binance exchange, I think $CQT stands a good chance of being listed on Binance in near future.

Covalent aggregates information from different sources such as nodes, chains, and data feeds to create meaning from hundreds of billions of data points, delivering insights to investors and developers. It provides deep, granular, and historical Blockchain data via an open, proof-based protocol on a decentralized network.

$CQT is an ERC-20 token with a maximum supply of 1,000,000,000 and is the native token of the Covalent Network. It serves as a governance token, staking asset, and network access token.

Right now, Covalent’s market cap is $75 million and it’s listed on major exchanges like KuCoin and Kraken. It has just over 50,000 followers on Twitter.

2. Measurable Data Token ($MDT)

Measurable Data Token is a project that has been around for a while, since 2014. Being listed on Binance gives it a significant average daily volume compared to its small $50 million market cap. It has seen a big rally during the recent AI hype.

Measurable Data Token is a decentralized data exchange system. It aims to provide a blockchain-based data economy, where data providers and data buyers can exchange data securely and anonymously.

Its native token $MDT is an ERC-20 token with a maximum supply of 1,000,000,000 tokens.

Currently, it has just over 50,000 followers on Twitter.

3. Vaiot ($VAI)

Vaiot develops blockchain-based AI Assistants and Intelligent Contracts for businesses and consumers to provide automated services and transactions. With AI spreading to every major industry, AI-powered virtual assistants will be a crucial component of future businesses.

Vaiot was founded in 2018 in Malta and launched in collaboration with IBM.

$VAI is an ERC-20 token with a maximum supply of 400,000,000. It acts as a settlement method and incentive for users, it helps to secure network operations and acquire services at lower prices.

Vaiot is listed on KuCoin, it has a current market cap of $30 million and 35,000 followers on Twitter.

Image by Gerd Altmann from Pixabay

4. Deep Brain Chain ($DBC)

DeepBrain Chain has a market cap of only $20 million at the moment of writing and is listed on Houbi and Gate.io.

It was founded in 2017 with a vision to power 5G, AI, and IoT devices in a decentralized manner. The team’s ambitious goal is to build an infinitely scalable, high-performance computing network based on blockchain technology and become the most important infrastructure in the 5G+AI era.

The technology developed by DeepBrain Chain has already been adopted by some large Korean companies according to the development history on the project’s homepage.

DeepBrain Chain has over 50,000 followers on Twitter.

$DBC is the native coin of the DeepBrain Chain blockchain and has a maximum supply of 10,000,000,000. It has gone up 1000% since the start of the year but has come a bit down since.

Its very low market cap, the hype around AI and the potential to be listed on major exchanges make this coin a very interesting, although also a very risky investment.

5. Big Data Protocol ($BDP)

Big Data Protocol is another very small token with a market cap of only $11 million.

It’s a platform for sharing commercial data and services. It uses DeFi protocol to source commercial data from professional data providers, tokenize it and make it liquid on Uniswap. This tokenized data has a commercial value as it is bought and used by financial institutions, businesses, and investors for market research and analytics.

$BDP is Big Data Protocol’s native ERC-20 token with a maximum supply of 80,000,000 and serves as a governance token. It’s listed on Uniswap and a few minor centralized exchanges such as Gate.io and MEXC.

Big Data Protocol has just under 20,000 followers on Twitter.

For the same reasons as $DBC, $BDP can also be a very profitable and risky investment opportunity.

6. AIPad ($AIPAD)

The final token on my list is $AIPAD. Right now, $AIPAD hasn’t been released yet, but according to their Twitter account, they have 3 IDOs scheduled for Feb 28th.

AIPad is an incubator for new AI crypto projects. Most big AI companies are privately owned which makes it difficult for retail investors to gain exposure to their success. On the other hand, AI-powered blockchain projects are monopolized by VCs and angel investors, who invest during the private sale, again excluding retail investors.

AIPad wants to democratize access to these investment opportunities, making them widely available. It was created by the same team that is behind popular launchpads BSCPad and GameZone.

Although I won’t be investing in AIPad the moment it’s launched, I will keep an eye out on its future developments. I will cover it more extensively in a future post once the team releases additional information about the token and its launch.

AIPad currently has 30,000 followers on Twitter.

Final thoughts

In this post, we looked at 5 AI micro-caps and one unreleased project that are likely to post new highs during the next AI hype.

You can get a full list of AI-related crypto tokens on CoinMarketCap.

Remember, that micro-caps are very high-risk, high-reward because their price can very easily be manipulated. And nothing ever goes up forever in a straight line.

When there’s another AI hype, these coins are likely to post significant gains. But when the hype cools down, and especially if Bitcoin starts dumping, they will also be the most hard-hit.

So, these are not tokens that I would buy and “hodl”. Buy them when they’re low, profit from the hype, and take your money out before they dump.