AI Cryptocurrencies: Winners and Losers This Month
The past 30 days have revealed mixed fortunes for AI-focused cryptocurrencies. While meme coins dominated market discussions, AI tokens struggled to keep pace—landing at 18th place among 22 crypto sectors tracked by Artemis Node. As of November 16, 2024, the AI crypto sector boasted a $33.2 billion market cap across 141 unique tokens.
Notable Performers
- Near Protocol (NEAR): +16.3% against USD
- Internet Computer (ICP): +18.44%
- The Graph (GRT): +20.75%
- Theta Network (THETA): +17.21%
- Virtual Protocol (VIRTUAL): +382% since October 17
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Underperformers
- Synesis One (SNS): -55.91%
- PAAL AI (PAAL): -38.91%
- Bit Tensor (BITTENSOR): -10.15%
- Fetch.ai (FET): -7.05%
- ACT Token: Daily drop of 16.36% (despite 2664% weekly gain)
Top AI Cryptocurrencies to Know
Here are 11 leading AI coins making waves in blockchain technology:
1. SingularityNET (AGIX)
A decentralized AI marketplace offering services across marketing, gaming, VR, and autonomous systems. AGIX tokens enable access to its AI application ecosystem.
2. Fetch.ai (FET)
Combines machine learning with multi-agent systems to automate economic transactions. Its digital agents optimize data, services, and infrastructure markets.
3. Numeraire (NMR)
Pioneers decentralized hedge fund modeling, paying data scientists for accurate stock market predictions using blockchain-based incentives.
4. DeepBrain Chain (DBC)
Builds distributed GPU computing networks for AI/元宇宙 applications, achieving cost reductions of 70% versus traditional cloud services.
5. Matrix AI Network (MAN)
Integrates AI with blockchain to create self-optimizing smart contracts, featuring automatic bug detection and dynamic performance adjustments.
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6. DATA (DTA)
Addresses digital advertising fraud through trustless metrics, enabling fair value exchange between content creators and advertisers.
7. Ocean Protocol (OCEAN)
Facilitates secure data marketplaces where providers monetize information while maintaining control through decentralized access governs.
8. PlatON (LAT)
Provides privacy-preserving computation infrastructure using verifiable algorithms for AI and large-scale distributed applications.
9. Automata Network (ATA)
Delivers Web3 privacy middleware for dApps, featuring anonymous voting and MEV-resistant transaction services.
10. Anchor Neural World (ANW)
Develops AI service clusters with integrated smart wallets, fostering decentralized neural network ecosystems.
FAQs About AI Cryptocurrencies
Q: Are AI coins a good long-term investment?
A: Projects solving real-world AI computation and data challenges show promise, but investors should evaluate each team's technological roadmap.
Q: How do AI crypto projects generate revenue?
A: Common models include:
- Decentralized AI service marketplaces
- Data monetization platforms
- Computational resource sharing networks
Q: What risks do AI tokens carry?
A: Potential issues include:
- Competition from traditional cloud AI services
- Regulatory uncertainty around AI models
- Adoption hurdles in enterprise markets
Q: Which blockchain hosts most AI projects?
A: Ethereum remains dominant, but newer networks like Bittensor specialize in decentralized machine learning.
Q: Can AI coins outperform Bitcoin?
A: During crypto bull markets, select AI tokens with strong utility have historically delivered higher percentage gains than BTC.
Q: How to store AI cryptocurrencies securely?
A: Use hardware wallets like Ledger for large holdings, or trusted non-custodial wallets such as MetaMask for frequent trading.
Market data reflects conditions as of November 2024. Always conduct your own research before investing.