Emerging AI-Powered Cryptocurrencies Ready to Outpace Worldcoin in the 2024 Bull Run
The upcoming 2024 bull run in the crypto market is shaping up to be a showdown among AI-powered cryptocurrencies. Several emerging tokens are positioned as potential frontrunners, ready to outpace Worldcoin. These tokens include Bittensor (TAO), Render (RNDR), Fetch.ai (FET), Arkham (ARKM), and Ocean Protocol (OCEAN). With their robust foundations and innovative applications, these tokens have the potential to make significant leaps in the crypto world.
Bittensor (TAO)
Bittensor (TAO) is a pioneering force in decentralized machine-learning networks that operate on a blockchain framework. This innovative protocol enables collaborative training among machine learning models and rewards their contributions with TAO tokens based on the value they add to the collective.
In recent market trends, TAO has shown impressive growth, with over a 16% increase on a weekly chart. Its price has reached $687, and its market capitalization stands at $4.34 billion. This increasing influence positions TAO as a potential frontrunner in the AI-centric altcoin sector, with prospects of outperforming Worldcoin in the upcoming 2024 bull market.
Render (RNDR)
Render Network is revolutionizing digital content creation through decentralized, GPU-based rendering. It leverages underutilized computational resources by connecting individuals requiring rendering services with idle GPU owners via OctaneRender, providing an additional income avenue for GPU proprietors.
Render’s native cryptocurrency, RNDR, has seen an 8% increase in the past week, with its price at $7.62. It currently ranks 42nd on CoinMarketCap, with a market capitalization of nearly $2.88 billion.
Fetch.ai (FET)
Fetch.ai (FET) is making waves in the artificial intelligence sector with its groundbreaking project. The initiative focuses on creating a decentralized machine learning network, leveraging blockchain technology to enhance and simplify online transactions. This approach aims to increase efficiency and enrich the user experience.
Recently, Fetch.ai has witnessed a substantial 61% increase in its market value over the last day, pushing its trading price to $1.61. The past month has seen an impressive 193% uptick, setting a new two-year high. Such performance positions FET as a strong candidate to outpace Worldcoin in the bullish market of 2024.
Arkham (ARKM)
Arkham is developing an intelligence platform to shed light on the real-world players in cryptocurrency market movements. This innovative tool allows for detailed analysis of crypto trades and transactions, categorized by value, token, time, and counterpart.
Despite a recent 5.37% decrease in Arkham’s price to $2.45, it has experienced significant growth of 91% over the last week. With a trading volume of $242.66 million across 34 markets and 31 exchanges, with Binance leading in activity, Arkham’s contribution to the crypto market stands at 0.02%. Its market capitalization is $484.51 million.
Ocean Protocol (OCEAN)
Ocean Protocol (OCEAN) is at the forefront of the data revolution, leveraging blockchain, decentralized networks, and advanced cryptography to ensure secure and private data exchange. It aims to empower data owners, maintain privacy, and facilitate data commercialization through the creation of marketplaces.
The project recently unveiled its 2024 roadmap, generating significant buzz in the crypto sphere. Highlights include the introduction of AI-driven predictive bots and enhanced data privacy measures. Following this announcement, Ocean Protocol’s value has seen a notable rise of 10.9% in the last 24 hours, with its price now at $1.03. Its market capitalization has reached $587 million, placing it at 131st on CoinMarketCap’s rankings.
Bottom Line
In conclusion, as we approach the 2024 bull run in the crypto market, the spotlight is on AI-based altcoins that are not just riding the wave but are set to outpace established players like Worldcoin. Bittensor, Render, Fetch.ai, Arkham, and Ocean Protocol stand out with their innovative approaches and solid technological foundations. These tokens are gearing up for a remarkable performance in the upcoming bull run.
Hot Take: Emerging AI-Powered Cryptocurrencies Ready to Take On Worldcoin in 2024
The 2024 bull run is setting the stage for a showdown among AI-powered cryptocurrencies, with several emerging tokens poised to outpace Worldcoin. Bittensor (TAO), Render (RNDR), Fetch.ai (FET), Arkham (ARKM), and Ocean Protocol (OCEAN) shine as potential giants in the crypto world. With their robust foundations and innovative applications, these tokens position themselves as prime investment opportunities for those eyeing the next big leap in crypto.
By
By
By