Discover the top AI-driven altcoins poised for growth in 2024, including InQubeta, Render Network, SingularityNET, Fetch.ai, and OriginTrail. Explore their features and potential for investors.
Predicted to expand at a Compound Annual Growth Rate (CAGR) of approximately 36.8% over the forthcoming six years, the artificial intelligence (AI) sector teems with promise. Within the cryptocurrency realm, AI opens up novel avenues with solutions that hold the potential to drive financial inclusion among the masses. The amalgamation of these two technologies offers significant advantages such as enhanced scalability, fortified security, and boundless innovation.
As AI undergoes evolution, it inexorably transforms trading strategies, security protocols, and market analyses. According to data from blockchain research firm Messari, the market capitalization of crypto assets directly harnessing AI stands at approximately $772 million.
The substantial growth prospects of these ventures are further underscored by the latest forecasts from analysts. The cryptocurrency market recently witnessed a paradigm shift following the introduction of cryptocurrency exchange-traded funds (ETFs) in the US.
Although these financial instruments have garnered record investor inflows, apprehensions persist regarding the legal intricacies surrounding BTC ETFs. Amidst the regulatory ambiguity surrounding the next wave of ETFs, AI altcoins emerge as forward-looking assets.
According to numerous market pundits, AI-centric tokens such as InQubeta (QUBE), the Render Network (RNDR), SingularityNET (AGIX), Fetch.ai (FET), and OriginTrail (TRAC) are poised for substantial gains in the ensuing months.
For a detailed insight into whether these tokens live up to the hype, read on to discover concise descriptions of their pivotal features.
1. InQubeta: Spearheading Impact through Crypto-Enabled Fundraising
InQubeta serves as a fundraising platform for startups delving into AI-driven solutions for the future. The platform ushers in a new era for AI-centric projects by democratizing startup investments, enabling individuals to participate without necessitating substantial budgets.
Any crypto enthusiast can invest in an AI project initiated by a startup. The primary step entails acquiring InQubeta’s native cryptocurrency, the QUBE token, which serves as the sole mode of payment within its ecosystem.
These projects can be found on InQubeta’s online marketplace where tokenized versions of these ventures are available for purchase. Users have the option to acquire either the entire NFT or a fraction thereof. In return for their investment, startups grant crypto users equity in their endeavors.
Aside from facilitating seamless investment in AI innovation, the QUBE token boasts several intrinsic attributes that render it a favorable crypto asset to acquire. As an ERC-20 coin, it boasts a secure framework and can be deployed for multiple purposes.
Although its supply is capped at 1.5 billion, only 65% is designated for sale, with the remainder allocated towards covering operational expenses such as marketing campaigns, disbursing staking rewards, and settling legal fees.
Enthusiasts keen on exploring its Unique Selling Propositions (USPs) can partake in the token’s presale. Thus far, its cryptocurrency Initial Coin Offering (ICO) has garnered upwards of $11 million.
Risk-averse holders have the option to stake their QUBE tokens in liquidity pools, thereby contributing to network security. Throughout the staking period, holders accrue cryptocurrencies as rewards.
This leading ICO maintains a reserve by collecting tax revenues to sustain its staking service. These levies are imposed each time a QUBE token is transacted.
The ascent of the QUBE token in the industry is reinforced by its deflationary nature. This feature furnishes it with a competitive edge, enabling it to navigate turbulent markets adeptly. The model curtails token supply during volatile conditions or periods of high inflation.
As the asset becomes scarcer, price volatility diminishes while demand escalates. This equilibrium enables the asset to trade at optimal prices notwithstanding market turbulence.
InQubeta has garnered acclaim for its decentralized governance model wherein token holders participate in decision-making processes for the platform.
Empowered with voting rights, token holders contribute to deliberations wherein proposals for changes or protocol upgrades are subjected to a vote. This mechanism fosters the airing of diverse opinions, illuminating the pros and cons of each decision.
AI startups can also leverage the marketing services proffered by InQubeta’s platform to swiftly scale their operations during the nascent growth phase.
Access InQubeta Presale
2. Render Network Collaborates with io.net to Secure Series A Funding
The Render Network constitutes a decentralized network wherein artists and studios can procure GPU rendering units for hire. Regarded as one of the premier altcoins of 2024, this AI-driven platform facilitates high-fidelity rendering services for 3D art alongside a streamlined payment structure facilitated by its native token, RNDR.
Until the culmination of a rendering task, payment remains locked in escrow and is released only upon the commissioning artist or studio’s approval.
In 2023, the network transitioned from the Ethereum blockchain to the Solana blockchain, aiming to mitigate transaction costs while capitalizing on the latter’s capabilities. With this migration, Solana aims to explore the implementation of features such as real-time streaming, Non-Fungible Tokens (NFTs), and the integration of machine learning-based applications into its network.
Over time, the Render Network has forged numerous partnerships that have bolstered its expertise and global outreach. One such collaboration in 2023 was with io.net. This partnership seeks to expand the Decentralized Physical Infrastructure Network (DePIN) of both platforms.
Recently, io.net garnered attention after securing Series A funding. Announcing the news on X, Jules Urbach, founder of the Render Network, expressed his team’s anticipation for shaping the future of AI alongside io.net as compute partners.
3. SingularityNET Unveils AI Strategy for 2024
For those seeking to harness the potential of AI-driven Decentralized Finance (DeFi) solutions, SingularityNET emerges as a premier crypto investment option. The platform endeavors to foster innovation in the realm of Artificial General Intelligence (AGI).
Its flagship offerings include an AI marketplace and AI publisher wherein crypto enthusiasts can create, manage, and monetize an array of AI-based services, thereby earning passive income.
Users select from a plethora of AI algorithms and subsequently integrate them into diverse applications. Leveraging SingularityNET’s AI publisher, they can deploy, customize, and manage novel services. All transactions and payments within these ecosystems necessitate the utilization of the platform’s native token, AGIX.
The month of February witnessed a flurry of activities for the platform, including multiple achievements and upgrades. Foremost among these was its roadmap report, delineating SingularityNet’s AI strategy.