a black and red background with white text(Top 5 AI Cryptocurrencies to Watch Out this Month)

Top 5 AI Cryptocurrencies to Watch Out this Month [MAY 2024]

Introduction:

In the cryptocurrency market, the trend of narrative is quite famous, and the market always trades in favor of narratives like memecoins, AI, real world assets (RWA), and many others. In 2024, we have witnessed the boom of artificial intelligence as of the rapid increase of AI in everything.

In this article, we are going to see the top 5 AI cryptocurrencies that could perform well this month.

Top 5 AI Cryptocurrencies to Watch Out this Month:

1. Render (RNDR)

Render is a leading player in the field of decentralized GPU rendering. It leverages blockchain technology to create a global network of computing power, allowing artists and studios to access high-performance rendering resources for demanding tasks like 3D animation and video effects. The Render token (RNDR) fuels this network, and its price has seen significant growth in recent months, reflecting the increasing demand for its services.

Render will be our first choice in AI Cryptocurrencies narrative.

  • Price: $9.99
  • Market Cap: $3.88 Billion
  • Last 3-Month Returns: +124.04%
render coin price details
Source: Coinmarketcap (RNDR)

2. Fetch.ai (FET)

Fetch.ai focuses on building an open-source, decentralized machine learning network. This network allows developers to create and deploy intelligent agents that can interact with the world and each other autonomously. The Fetch.ai token (FET) incentivizes participation in the network and facilitates communication between agents. With a strong focus on real-world applications, Fetch.ai has experienced impressive growth in recent times.

  • Price: $2.25
  • Market Cap: $1.90 Billion
  • Last 3-Month Returns: +301.96%
Fetch.ai Coin Price Details
Source: coinmarketcap (FET)

3. SingularityNet (AGIX)

SingularityNet aims to create a global marketplace for AI services. This platform allows developers to share and monetize their AI models, while users can access a wide range of AI tools and functionalities. The SingularityNet token (AGIX) fuels this marketplace and is used for purchasing and selling AI services. SingularityNet’s vision for a democratized AI ecosystem has garnered significant interest from the crypto community.

  • Price: $0.9381
  • Market Cap: $1.20 Billion
  • 3-Month Returns: +219.69%

4. Near Protocol (NEAR)

While not exclusively focused on AI, Near Protocol (NEAR) is a high-performance blockchain platform that is well-suited for building and deploying decentralized applications (dApps) with AI functionalities. Its scalability and user-friendly features make it an attractive option for developers in the AI space. While NEAR itself isn’t an AI-specific token, its strong fundamentals and potential for AI applications make it worth watching.

  • Price: $7.18
  • Market Cap: $7.67 Billion
  • 3-Month Returns: +142.26%

5. Delysium (AGI)

Delysium is a relatively new player in the AI crypto space, but it has seen explosive growth in recent months. This project aims to build a decentralized network for artificial general intelligence (AGI) research and development. The Delysium token (AGI) is used for governance and incentivizes participation in the network. It’s important to note that Delysium is a high-risk, high-reward investment due to its early stage of development.

  • Price: $0.3041
  • Market Cap: $229 Million
  • 3-Month Returns: +461.19%

Conclusion:

The five cryptocurrencies mentioned (Render, Fetch.ai, SingularityNet, Near Protocol, Delysium) offer a glimpse into the immense potential of AI in the crypto world. Their remarkable three-month increase is indicative of growing interest and potential.

Disclaimer:

This is not financial advice. Do your own research before investing in any cryptocurrency. The AI crypto market is young and volatile, so only invest what you can afford to lose.

Nilesh-Hembade-Author Profile Image
Nilesh Hembade

Nilesh is a seasoned Crypto Author with over 4 years of experience in the cryptocurrency industry. He holds a certification from Binance in Blockchain Course, showcasing his expertise in blockchain technology. With a deep understanding of the crypto space, Nilesh has provided valuable insights and analysis to readers, helping them navigate the complexities of the market

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