Top 5 AI Cryptos Poised for Growth in 2024, Altcoin Daily

• SingularityNET (AGIX) aims to democratize AI with a blockchain-based marketplace.
• LimeWire pivots to AI-powered content creation, leveraging blockchain for creator rights.
• Bittensor (TAO) fosters collective AI intelligence through a decentralized learning protocol.

AI-focused cryptocurrencies are becoming attractive options for investors looking for potential growth. Recent advancements in AI technology and forecasts of significant industry expansion have prepared the ground for an increase in attention and financial commitment.

In a new video, the ‘Altcoin Daily’ YouTube channel provides an in-depth examination of the five leading AI-focused alternative cryptocurrencies for 2024, drawing on the latest information.

Kicking off the roster is SingularityNET , reportedly a trailblazer in the domain of decentralized AI platforms since its inception in 2017. SingularityNET’s mission is to make AI services widely accessible, and it does so by providing a blockchain-based marketplace that allows developers to distribute and earn revenue from AI technologies on a large scale. According to forecasts regarding its value, AGIX might experience an impact due to the Bitcoin halving event and potentially exceed a value of $1.1 by the close of 2024.

Following LimeWire, which was previously notorious for its involvement in music piracy, it has transformed and now presents itself as a platform for content creation powered by artificial intelligence. By utilizing blockchain technology, LimeWire enables creators to retain ownership and the ability to monetize their work while also utilizing AI to simplify the content creation workflow.

The DeFi service Consola.finance worked together with LimeWire and other groups to create its robust platform. It has recently made public the introduction of its comprehensive finance and accounting platform, which is tailored for companies operating in the web3 space.

Bittensor (TAO), promoted as the most advanced AI cryptocurrency, is distinguished by its decentralized, peer-to-peer protocol that enables collaborative machine learning. By employing methods such as mixtures of experts and distillation, Bittensor seeks to establish a collective intelligence network where AI models can mutually benefit from shared learning.

The AIT Protocol is the first of its kind in AI data infrastructure globally, serving as a connector between the AI and big data sectors. It employs a distributed method for gathering and labeling data, aiming to transform the big data market, valued at $300 billion, and simultaneously generate millions of employment opportunities via its “train to earn” scheme.

Concluding the list is The Graph , a web3 protocol transforming how data is accessed and organized on the blockchain. It serves as a decentralized counterpart to Google’s data indexing services. The Graph has demonstrated notable figures, such as a rapid rise in the volume of queries and a growing number of projects adopting it.