Top 5 AI Crypto Coins to Invest in May 2024 | Crypto Projects

Both AI and cryptocurrency are among the most fascinating innovations of recent years. The result is a growing number of cutting-edge crypto projects that incorporate AI to create useful and novel products.

This article will discuss the top artificial intelligence (AI) cryptocurrency investments for 2023. We also discuss the future of AI in the cryptocurrency industry and provide insight into why smart money may want to add digital tokens powered by AI to their holdings.

The Top 5 AI Crypto Coins to Invest

There are a lot of new cryptocurrencies out there that make use of AI, but only a few of them stand out as very useful or promising. How about creating a crypto portfolio that has a wide variety of different coins? Use our 2019 guide to buying cryptocurrency to get started right away.

Exhaustive Analysis of the Leading Artificial Intelligence-Powered Cryptocurrency Initiatives Some market observers predict that cryptocurrency projects centered on artificial intelligence will soon become the industry standard.

Actually, some experts claim that this industry has a lot of unrealized potential. With this in mind, let’s examine the top artificial intelligence-based coins of 2023.

1. Meta Masters Guild (MEMAG)

The number of play-to-earn and web3 projects in the crypto industry has skyrocketed in the previous few of years. Many attempts at making mobile video games more exciting fall short because they can’t match the level of immersion offered by traditional consoles. Meta Masters Guild is the first initiative to create a mobile-first, blockchain-integrated, decentralized gaming ecosystem.

Meta Masters Guild isn’t making a play-to-win platform; rather, they’re making a platform where users may play and earn by producing high-quality, entertaining games that are in high demand. Users can still make money within the Mate Masters Guild network. Players on the platform will be able to earn “Gems” as a reward for their participation in the play-and-earn system.

Tokens called “Gems” can be exchanged for MEMAG, the platform’s native coin. In addition to being used for voting and stakes in the Meta Masters Guild ecosystem, MEMAG will be used to buy in-game assets. Exactly what role does AI play in this scenario?

It’s still early in the development of Meta Masters Guild. With the use of AI, the project may be made flexible enough to meet the ever-evolving needs of crypto gamers. On the first week of January 2023, Meta Masters Guild began the presale of its MEMAG tokens.

More than $580,000 had been raised in less than a week thanks to the presale of this AI-powered cryptocurrency. Given its current stats, MEMAG may easily become one of the year’s top crypto releases. One MEMAG token will be sold for $0.007 in the first of seven presale phases.

Investors have only a short window of opportunity to stock up on MEMAG tokens at the lowest possible price, as the price is set to rise by 42% during the next 10 days. Currently, there are three titles planned for the platform, according to the Meta Masters Guide. Meta Kart Racers is the initial game that investors may look forward to, and it is scheduled to be released in the third quarter of 2023.

2.The Graph

Developing smart contracts requires a data-indexing layer, which is what the Graph aims to build. For the benefit of developers working on their own projects, it compiles data from several blockchains in a standardized format. The Graph is built to support queries on the Ethereum network in addition to data provision.

This paves the way for the creation of APIs that can categorize data and generate sub-graphs. The average investor may find this idea to be above their head. However, the most important thing to remember is that The Graph can develop into a robust crypto industry infrastructure platform.

GRT is the Graph’s native AI cryptocurrency, and it’s built on the ERC-20 standard. The Graph is one of the greatest AI crypto coins, and its value has increased by 40 percent since the start of 2023.

4. VeChain

VeChain’s successful ICO in 2017 helped it become one of the year’s top crypto projects. The project’s blockchain is a customized version of Ethereum designed specifically for logistics applications. Contrary to other blockchains, VeChain does not rely on a proof-of-work or proof-of-stake consensus mechanism.

In its place, VeChain employs a proof-of-authority method that evaluates each participant based on their standing in the network before deciding who gets to add a new block. VeChain’s artificial intelligence (AI) allows for the tracking and verification of various products as they travel from producer to customer.

Thus, VeChain offers a wide variety of services, including asset tracking, data storage, and more, to companies of all sizes. Transactions on the VeChain network are powered by the network’s native coin, VET. During the first two weeks of 2023, this AI cryptocurrency had significant growth of 25%.

5.Fetch.ai

Cryptocurrency Fetch.ai combines blockchain technology with AI to build a decentralized market. Or, to put it another way, Fetch.ai is developing a distributed system of individual autonomous agents. These agents act as proxies for not just other people, but also other things and services.

More than that, though, Fetch.ai’s goal is to build a permissionless system in which AI-powered autonomous agents may learn and adapt on their own. The FET token, created specifically for this project, will be used to support economic activity and reward agents for their efforts.

Fetch.ai is an ambitious undertaking, both technologically and in terms of its intended outcomes. Blockchain, smart contracts, distributed ledger technology, distributed ledger grouping, machine learning, and artificial intelligence are all part of this innovative solution. Nonetheless, it is already one of the finest AI cryptocurrencies in terms of potential growth.

In reality, the value of Fetch.ai has increased significantly from the beginning of 2023, when it was trading at around $0.09, to the present day, when it is trading at around $0.26, a rise of over 190%! From $10, investors may purchase this AI cryptocurrency through eToro and other reputable brokers.

What is AI Crypto?

To put it simply, AI cryptocurrency is a digital token used to fuel blockchain initiatives based on artificial intelligence. Because AI can take many forms, crypto projects that utilize it might vary significantly in scope. Games, Web 3.0, decentralized marketplaces, tracking, and more fall into this category.

Some of the top altcoins on the market right now are powered by AI in some capacity. Integrating AI makes crypto platforms more efficient and adaptable, regardless of the type of project, opening the door to a new generation of digital tokens that can transform the way we engage with technology.

What Can AI Crypto Do？

There is nothing else quite like a cryptocurrency AI project. This is due to the fact that the aims of each crypto project are unique, and that AI is only a tool to help accomplish those goals.

Here are some examples of how AI and cryptocurrencies may be used together to drive home this argument.

• Some of the greatest crypto tools available today already use AI to analyze markets and social media. As an example, Dash 2 Trade is a new crypto analytics platform that monitors social media sites like Twitter to gauge public opinion on various cryptocurrencies.
• Price forecasting, risk assessment, and growth speculation are all areas where AI has the potential to be of use.
• Artificial intelligence can also be used to develop decentralized autonomous agents, which are effectively self-deciding computer programs. One example of an AI crypto project is Fetch.ai, which uses DAAs in the role of assistants and takes care of a wide variety of tasks, including product purchases, restaurant reservations, and more.

Conclusion

Artificial intelligence (AI) has the potential to drastically alter the cryptocurrency business through the implementation of technologies like machine learning and distributed ledger technology (DLT). With these two elements together, new possibilities emerge in many fields, from gaming to banking to corporate growth.

Investing in AI-related cryptocurrencies at their inception is a good strategy. One such example is the Meta Masters Guild, a revolutionary new AI game platform that is now holding its presale. The idea has long-term growth potential as it wants to build a decentralized mobile gaming ecosystem.

FAQs

1.What does AI mean in the context of cryptography?

There are a variety of applications for artificial intelligence in the cryptocurrency market. There hasn’t been much uptake of AI projects in the crypto industry just yet. Still, we have already mentioned that there are a few promising projects out there, and these include Meta Masters Guild, Fetch.ai, VeChain, The Graph, and SingularityNET.

2.To what extent does one cryptocurrency connect to artificial intelligence?

Numerous cryptocurrencies incorporate some form of artificial intelligence. One promising P&E initiative employing AI in mobile game creation is Meta Masters Guild. Fetch. There are a number of initiatives catering to the needs of crypto developers and investors by making use of AI technology, such as Ai and The Graph. VeChain, SingularityNET, and many other emerging initiatives in the field of artificial intelligence are just a few examples.

3.Does artificial intelligence have its own cryptocurrency?

Coinmarketcap estimates that 120 different AI-related cryptocurrencies exist at present. Different segments of the AI industry are served by each initiative. These segments include P2E (person-to-person), finance, supply chain, decentralized markets, data accumulation, and more.