AI cryptocurrencies

AI cryptocurrencies - are they worth it?

AI and Big Data are a big thing in 2024, and for anyone, who wants to invest in future technologies, AI related cryptocurrencies will most likely become very big in the the near future. That's what we believe anyway.

The reason for that is simple, both AI and blockchain technologies are some of the most talked about tech right now.

Creating projects where both of these technologies are combined with each other can result in enhanced security, increased transparency, scalability, increased speed.

Among other benefits.

What is AI (and big data)?

AI and big data is all about massive datasets, machine learning, and the future of technology. Big data analytics analyze huge datasets and try to identify patterns with the purpose of developing actionable products.

Why are we talking about both - AI and big data? That's because they are in big part interconnected.

Big data provides the vast amount of information that can then be used to develop high-end artificial intelligence systems. Without big data AI systems don't have anywhere to learn from.

With the support from big data, artificial intelligence makes it possible for systems, machines, to learn from from experience and perform tasks.

There are a number of different AI examples. From AI chatbots (i.e. ChatGPT, AI chatbot system released by OpenAI), intelligent web search, machine translations, smart homes and much more. Even cybersecurity.

How does AI help cybersecurity?

AI can help companies detect threats to their systems. Compared to traditional cybersecurity systems, AI-based cybersecurity systems do not just block known threats, but also yet unknown threats that it is able to recognize thanks to its ability to learn patterns.

What is AI cryptocurrency?

AI and Big Data cryptocurrencies are crypto tokens that combine artificial intelligence with blockchain technology. AI-related cryptos are all about massive amounts of data, machine learning and everything in between.

AI and Blockchain

Connecting artificial intelligence with blockchain enables entrepreneurs to create new financial models, venture capitalists to increase chance of success and lower their risks.

Some say that the convergence of blockchain and AI is inevitable simply because both of them deal with similar things - one being data and the other being value.

While blockchain helps with secure storage and data, AI can analyse that data and create value where there was none before. And of course, the combination of the tow also offers greater flexibility.

There is more data available today than ever before and artificial intelligence systems can capitalize on that and help us automate tasks, make better business decisions, and sometimes even predict the future.

Combining AI and cryptocurrencies can lead to automated decision making, automated trading, and result in more transparency, more security, more reliability.

According to IBM, "Using blockchain to store and distribute AI models provides an audit trail, and pairing blockchain and AI can enhance data security."

What are the main benefits of combining AI and blockchain?

• Security - combining the the two results in increased security. "By using blockchain’s secure, distributed ledger and AI’s data-driven insights, businesses can protect their data from cyberattacks." (source). And the importance of this can not be overstated.
• Efficiency - Combining blockchain and AI does not just help reduce costs (although it can do that as well), but it can help automate tasks that otherwise might have had to be done manually.
• Transparency - Combining artificial intelligence and blockchain can also lead to increased transparency.
• Flexibility - The combination of the two can help systems and businesses become more adaptable to change.
• Scalability - Blockchain has not always been the best known for its scalability. But AI can help with that by speeding up transactions through its virtual brain and removing the need of human verification from the formula.

Top AI cryptocurrencies/Top AI blockchain projects

So which might be the top AI cryptocurrencies or AI blockchain projects?

I'll mention just a few of them for now. Top AI crypto projects include names like Aion, Dock, PARSIQ, Bottos, Davinci Coin, Vectorspace AI, Numeraire, iExec RLC. But there are more.

I have put together a the list of all top AI blockchain projects here.

On that page you'll find the most promising AI crypto tokens you can buy.

Best AI cryptocurrencies

Here's a list of the best AI cryptos in my opinion, at least right now in 2024. I have most of them in my crypto portfolio.

SingularityNET - The best AI cryptocurrency 2024

At this point my favorite AI cryptocurrency is SingularityNET (AGIX). I have invested in it myself and I do have faith in it. Whether it is justified or not, only time will tell, but right now my biggest holding in any crypto AI coin is in this one.

SingularityNET is a decentralized platform for AI related services. It's an open source platform that makes it possible to create, share as well as monetize AI services, whatever they may be.

In addition to specialized teams working on specific areas like biomedical AI, robotics, or finance, the project's team is made up of entrepreneurs, scientists, engineers, researchers, and marketers.

The CEO and Chief Scientist of SingularityNET is Dr. Ben Goertzel and co-founder is Dr. David Hanson.

When it comes to SingularityNET, then based on a quick research, I'm definitely not the only one who thinks it is potentially the best artificial intelligence cryptocurrency right now.

Fetch.ai - my second favorite AI crypto

Fetch.ai (FET) is the second one in the list of my favorite AI cryptocurrencies.

Fetch.ai is a P2P AI-driven protocol. And it's a operating system for the "internet of things".

Fetch.ai can be used to create AI platforms and services at any time and anywhere.

This is currently one of the most promising AI crypto projects.

Ocean Protocol - my third AI crypto investment

Ocean Protocol (OCEAN) enables the creation of collaborative and efficient AI ecosystems that make it easy to build and train AI models.

The team behind Ocean Protocol has deep past experience in artificial intelligence, big data as well as data exchanges.

Big Data Protocol - real-time data network

Big Data Protocol (BDP) sources data from a network of 19,590 professional data providers. It's a marketplace for commercially valuable data.

While I believe in what they do, there is something to be said about their openness. While most other AI blockchain companies here are very open about who they are and their team, BDP is lacking that info on their website.

Streamr - my latest find

As it says on their website , "Streamr is a distributed open-source software project". The goal of the project is to enable data transport, sharing, and monetisation and do it securely without intermediaries. It's not necessarily an AI crypto coin, but it's all about data, big data.

Streamr is a data marketplace, but not only.

The company is actually developing a system to help improve the quality of data used in AI models.

Artificial Liquid Intelligence

Alethea AI (ALI) is the only project in this best AI crypto coins list that I don't actually own, yet. But the more I learn about it, the more intriguing it becomes.

Althea AI is building a decentralized protocol that will "enable the creation of interactive and intelligent NFTs (iNFTs)".

So what they are doing basically is adding AI capabilities into NFTs.

New AI blockchain projects

Are there any new AI crypto projects worth talking about?

It's not so simple to find the newest AI blockchain projects, but I am working on a system of my own to discover new AI and big data related cryptocurrencies and projects the moment they are launched.

Once this is ready, I should be able to show the list of all new AI and big data cryptos right here.

[newcryptos-bytopic:ai,big data,artificial intelligence::10]

Complete AI crypto list

You can find all AI related cryptos below. Please note though that there are definitely more AI cryptocurrencies out there, but it's not as easy to find them all.

All prices are in EUR.

But I appreciare your help here - if you know of any other great AI crypto token, please don't hesitate to send me a message.

The main types of AI cryptocurrencies

In which industries could AI cryptocurrencies and AI blockchain projects in general help businesses and individuals alike the most?

There are definitely a lot of options here, but I have so far come up with these types:

AI Crypto Art projects

AI based art projects can actually draw, they can become artists themselves. AI Crypto art projects can learn from all existing art pieces.

Art related AI projects can also be with a different focus - creating and selling art NFTs.

AI Crypto Multiverse projects

Think of multiverse projects as virtual 3D virtual worlds, think Second Life. Multiverse projects that use AI technologies can become self-sustainable "worlds" with their own always changing ecosystems.

AI finance projects

Machine learning finance projects can be related to anything you can think of. They can help with credit risk assessment, reduce risks in investments, credit card fraud detection, company bancruptcy prediction, actual trading.

When it comes to finance, AI can help a lot here.

AI Chat bots

AI Chat bots are for now the closest to actual AI's. In adition to getting data from all available sources, AI chat bots learn from every interaction with humans to become "intelligent". Think of ChatGPT, tool by OpenAI which lets you ask questions in your normal language and gives you conversational answers based on available data and from what it has learned already in the past.

Why invest in AI cryptocurrencies?

If you were to ask me - is AI crypto a good investment? - then my answer would be yes. Obviously, there are never any guarantees plus different AI projects are not equal.

But as I mentioned in the beginning, AI blockchain projects are becoming more pertinent every day and for a good reason. Combining blockchain with AI helps with security, transparency, speed, scalability, data quality. Just to mention a few benefits.

And these are all things that businesses as well as individuals care deeply about. More every day.

Because of that I believe AI cryptos are a thing of the future and that's the reason I invest in them.

Step by step guide to buying AI cryptos

How to buy AI cryptos? AI cryptos can be bought through cryptocurrency exchanges.

In most cases the steps you need to take to buy AI cryptocurrencies are the same or at least similar.

1. Decide which crypto you want to buy
2. Find exchanges where this AI crypto is listed
3. Sign up for the exchange
4. Go through the exchange KYC process (not required in case of all exchanges)
5. Make a deposit or buy the AI crypto directly without fiat money landing on your account
6. If you deposited some other crypto or fiat money, make the buy now
7. HODL HODL HODL HODL

Where can you buy AI crypos?

You can buy AI and big data cryptocurrencies in all crypto exchanges. Obviously not all AI cryptos are available in each of them, so you need to pay attention to which crypto you can buy from which exchange.

I have tried to make sure that I mention at least one exchange for each mentioned crypto here. Although in most cases you should have more than just one exchange to choose from.

How much do AI cryptos cost?

The exact AI crypto price depends on the specific cryptocurrency. As with all cryptos, the prices vary a lot. They can cost as little as $0.000001 or as much as $100 or more.

How much can AI cryptio prices grow?

Now that's a different question. Obviously the potential is again individual for each crypto, but I can give you an estimation of the max potential for each of them.

While I can't give you and AI crypto prediction of any kind, I can give you the potential based on a simple calculation.

Find max potential for all AI cryptos here.

On that page the max potential answers the following question: How much can the crypto grow before it would have to overtake Bitcoin.

While it's a prediction of any sort, it can give you some sort of idea of the maximum mid-term potential.

5 questions and answers about AI and blockchain

Do you have a question about AI and/or blockchain? Feel free to send me a message and I'll try to outsource an answer for you.

1. What's the difference between AI, machine learning, and deep learning

   While they might sound very similar, they do have some important differences.
   
   - The goal of artificial intelligence is to build robots or machines that are capable of thinking like us, like human beings.
   - The goal of machine learning is to build machines that use data to learn in order to solve problems.
   - The goal of deep learning is to build neural networks capable of discovering patterns

2. Why should I care about Artificial Intelligence?

   Considering the goal of AI is to create machines that mimic human behaviour, these systems can be used to solve the world's problems, automate tasks and so much more.

3. Can you show some real-world examples where AI is being used?

   You don't have to look too far.
   
   We all know what Google is, right? The recommendations you get in Google the moment you start typing something inside the search box are produced by different AI technologies.
   
   But that's just one example.
   
   Even product recommendations in some online shop, email spam filters, social networking sites - they all use some sort of AI systems these days.

4. Will AI be a threat to humanity at some point?

   We have all seen sci-fi movies where this is exactly the case.
   
   This question has been around since 1940s when computer scientist Alan Turing was thinking about the same question.
   
   Today scientists have sort of started to agree that yes, there are so many things that could go wrong with AI.
   
   But at the same time the upside to artificial intelligence technology is even greater.

5. If AI cryptos are so good, why all cryptos are going down?

   Currently the entire crypto space is going down. There are tremendous problems in the world and even cryptos, even AI cryptos are influenced by it all.

AI crypto portfolio ideas

So you want to create an Ai crypto portfolio? Crypto portfolio consisting only of cryptos related to artificial intelligence and big data?

How to put together a portfolio is obviously up to you.

But if I started putting the AI crypto portfolio together today, my AI crypto picks would probably be something like this:

• SingularityNET (30%)
• Fetch.ai (10%)
• Matrix AI Network (20%)
• Big Data Protocol (15%)
• Ocean Protocol (10%)
• Streamr (15%)

AI and blockchain - a force to be recogned with

I was reading some posts in Quora and there was a question about combining AI and blockchain. The question was asked around ten years ago and the answers back then were all pretty much saying that AI and the crypto space are so different that they can't really be connected.

Now, ten years later artificial intelligence crypto projects are becoming a reality.

There are more and more artificial intelligence crypto coins, people are finding more and more ways how these two technologies can be put together to produce something of value.

So in 2024 everything related to AI and crypto space is definitely something to keep an eye on.

Author: Eli Fitsmined
Eli started buying an trading cryptocurrencies when Bitcoin was at 50k. Now he is mainly trying to find the next crypto gem among the AI and Big Data cryptos. Why? Because he believes these cryptos have potentially more potential than many others.