As OpenAI’s text-based tool ‘ChatGPT’ is recording widespread success, artificial intelligence (AI) has become an increasingly popular topic of discussion in recent months, with AI-focused blockchains and digital assets garnering interest and demand.
With this in mind, Finbold has analyzed the performance and recent developments surrounding the top AI-related cryptocurrencies to arrive at the list of those that crypto traders and investors should keep an eye out for in 2023.
The Graph (GRT)
A market cap leader among AI-related cryptos, The Graph (GRT) offers a new approach to indexing and querying data on the blockchain, allowing every developer to create subgraphs and define how to ingest, index, and serve on-chain data in a verifiable way, potentially solving the problem of developers’ access to blockchain data with GRT incentives.
Its native token, which can be used for staking, payments within the network, and earning fees for depositing it into a bonding curve and delegating to indexers, is currently trading at the price of $0.089, down 6.56% on the day and 1.02% across the week, but still up 59.37% on the monthly chart.
Ocean Protocol (OCEAN)
Another digital asset that has been riding on the AI popularity wave is Ocean Protocol (OCEAN), an open-source blockchain-based data exchange that enables developers to build more immersive applications for specific communities and which has recently gone through a major Ocean ONDA V4 update.
The update, which added more security, flexibility, and return-on-investment (ROI) potential to the system and integrated Data non-fungible tokens (NFTs), has created buying pressure on the coin, which at press time traded at $0.3662, down 3.93% in 24 hours, but growing 6.97% over the week, and recording an impressive monthly gain of 123.22%.
Combining blockchain and AI technology to create a network of autonomous software agents for AI-powered peer-to-peer applications, Fetch.ai (FET) has had an impressive start to the year, as the crypto community became more aware of its utility as an interchain bridge and its work on Autonomy of Things (AoT).
Despite recording a 6.56% loss over the previous 24 hours, in line with the general sentiment on the crypto market, FET has advanced 1.51% compared to seven days before, as well as registering a strong 188.28% gain over the previous 30 days.
Created by the project SingularityNet.io, its native SingularityNET (AGIX) token had also had a great start thanks to the increased demand for AI and the recent announcement of the Mindplex Magazine in cooperation with the decentralized multimedia content platform Mindplex.
Although AGIX is down 7.14% over the past 24 hours and 2.19% over the week, it is nonetheless demonstrating extraordinary growth of 272.74% in the previous 30 days, currently changing hands at the price of $0.1717.
Artificial Liquid Intelligence (ALI)
A decentralized protocol built by Alethea AI and backed by serial crypto investor and billionaire Mark Cuban, the aim of Artificial Liquid Intelligence (ALI) is to create an intelligent metaverse filled with interactive and intelligent non-fungible tokens (NFTs) with the ‘intelligent NFT’ (iNFT) standard.
The platform has recently launched its CharacterGPT dApp with Polygon (MATIC), allowing “anyone to rapidly create, train, and trade AI characters as NFTs on Polygon, pushing the price of ALI to gain 3.86% on the week and 285.09% over the month, despite losing 11% in the last day.
The price of the cryptos can vary depending on the projects’ development, popularity, and outside factors like the overall sentiment on the crypto market and the macroeconomic landscape. However, the aforementioned AI-focused digital assets are worthy of investors’ attention as 2023 unfolds.
Disclaimer: The content on this site should not be considered investment advice. Investing is speculative. When investing, your capital is at risk.