Artificial Intelligence (AI) is a super cool field of computer science that allows machines to make decisions, recognize speech, solve problems based on data, just like humans do. Different types of AI come with unique applications. Recent examples are AI-generated artwork and ChatGPT.
AI-generated artwork, a program written in natural language that can create digital art based on user prompts. Notably, ChatGPT, is the AI application that can “write” according to a user’s brief. The results can be so realistic that they’re often mistaken for human creations.
On the other hand, Cryptocurrency is a virtual form of currency that uses cryptography to secure financial transactions, control the creation of new units, and verify the transfer of assets.
It operates on decentralized networks which means that banks or payment providers do not have control over the records of balances and transactions. Rather, records are maintained by individuals called “Miners” who voluntarily participate in the “Mining” process and are motivated by the opportunity to earn rewards in the form of cryptocurrencies.
Now picture the future where these two groundbreaking technologies AI and cryptocurrency converge, it is mind blowing as it opens up new possibilities for intelligent financial transactions and data processing, enhancing the efficiency and security of digital transactions. This isn’t just a concept; it’s a real-life phenomenon.
Let’s explore some of the top AI coins based on their market capitalization, as provided by CoinMarketCap.
Render (RNDR)
Render Network is an awesome decentralized platform that brings together artists and creators with powerful computer resources. It helps them create stunning 3D graphics and animations without the need for expensive hardware. People can pool their unused computing power, which creators can then use for a fee. The platform uses its own cryptocurrency, RNDR, to reward users and facilitate transactions.
RNDR has been trading at $7.92 as of April 20, 2024, and although it dipped from its peak of $13.60 in March. However, the live price today is $8.39 USD with a 24-hour trading volume of $190,322,431 USD. Record shows it has been down by 9.85% in the last 24 hours. The current CoinMarketCap ranking is #33, with a live market cap of $3,224,093,793 USD.
Bitternsor (TAO)
Bittensor (TAO) has an exciting vision to revolutionize the development of machine learning platforms. It aims to create a neural internet by establishing a peer-to-peer marketplace for machine intelligence. This innovative approach allows AI models to combine their intelligence, creating a “digital hive mind” and facilitating the rapid expansion and sharing of knowledge among AI systems.
As of today, Bittensor price is $458.20 USD with a 24-hour trading volume of $56,421,929 USD. It is down to 9.36% in the last 24 hours. The current CoinMarketCap ranking is #38, with a live market cap of $3,046,509,307 USD. It has a circulating supply of 6,648,836 TAO coins and a max. supply of 21,000,000 TAO coins.
The Graph (GRT) AI Oracle
The Graph is like the Google of blockchain data. It provides a protocol for indexing and querying data from blockchains, making it easier to access and search for information. The Graph organizes data into smaller ‘subgraphs’ to simplify the process. Its native cryptocurrency, GRT, is based on Ethereum and was trading at $0.26 as of April 20, 2024.
Although it has decreased from its peak of $2.34 in February 2021. The live price today is $0.266351 USD with a 24-hour trading volume of $106,295,599 USD. The Graph is down 9.79% in the last 24 hours. It is currently ranking #45 on CoinMarketCap, and has a live market cap of $2,525,696,048 USD.
Theta Network (THETA)
Theta Network is an exciting decentralized blockchain platform that combines the power of Theta Blockchain and Theta Edge Network.
It provides infrastructure for AI, media, and entertainment applications. Its blockchain supports smart contracts and is compatible with the Ethereum Virtual Machine (EVM), while its Edge Network offers distributed GPU computing power. Theta has a dual token system, with THETA as the governance token and TFUEL as the operational token. As of April 20, 2024, one THETA token was trading at $2.08, and TFUEL was at $0.087.
The live Theta Network price today is $2.38 USD with a 24-hour trading volume of $76,664,862 USD. Theta Network is down by 3.42% in the last 24 hours. The current CoinMarketCap ranking is #47, with a live market cap of $2,382,370,869 USD. It has a circulating supply of 1,000,000,000 THETA coins and a max. supply of 1,000,000,000 THETA coins.
Fetch AI (FET)
Fetch.AI focuses on automating business tasks like data processing and trading. FET is used for transactions on the network. Exciting news as Fetch.AI has proposed a merger with SingularityNET and Ocean Protocol, creating the “Artificial Superintelligence Alliance.” If approved, the tokens of all three projects will be combined into a single token called “ASI.” As of April 20, 2024, FET was worth $2.16, which is a decrease from its peak of $3.47 last month.
According to today’s live price, Fetch.ai is $2.27 USD with a 24-hour trading volume of $317,546,761 USD. Fetch.ai is down 12.21% in the last 24 hours. The current CoinMarketCap ranking is #53, with a live market cap of $1,928,481,994 USD.
