Everybody is talking about two of the biggest tech innovations of our time — cryptocurrency (blockchain) and AI. While both are era-defining as standalone verticals, have you ever considered how well they work together? This piece will cover everything you need to know about AI cryptocurrencies.
Honestly speaking, the crypto market is rife with AI-powered crypto projects. Yet, not every blockchain-based project makes use of AI technology. Some projects are even pseudo-AI, with only a few aspects being automated or AI-powered. So, this deep dive identifies solid AI crypto projects in a crowded market. We shall consider the use case, fundamentals, smart money flow, and price action of each AI cryptocurrency.
Most popular platforms to buy AI Cryptocurrencies
Coinbase
Kraken
Bybit
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- Unpacking AI cryptocurrencies
- AI, crypto, and innovation: why do they sit so well together?
- Distinguishable features of AI cryptocurrencies
- AI ecosystems and cryptocurrencies: general use cases
- Top AI crypto projects and associated cryptos
- Honorary mentions
- Intelligent blockchains are upon us
- Frequently asked questions
Unpacking AI cryptocurrencies
Short Answer: AI cryptocurrencies are coins or tokens associated with AI-powered decentralized projects.
Long answer: Artificial Intelligence (AI) is everywhere. Furthermore, the technology is automating several aspects of our lives — ensuring quick turnaround and improved scalability in the process. AI is more than OpenAI’s ChatGPT, which focuses on the conversational aspect of the tech. And it’s not about the robots we see in SciFi flicks. Instead, AI spans artwork, content creation, pattern identification, fraud detection, and more.
Did you know? Althea AI, an AI-focussed company, created the world’s first Intelligent NFT, Alice. Alice attracted an auction price of $478,800 at Sotheby’s in 2021.
These use cases make AI a great blockchain companion. Imagine this: blockchain — the immutable ledger technology focuses on transparency. With AI, blockchain transparency readily meets automation, security, and ease of mind. The right AI-powered approach can also make smart contracts more powerful and relevant.
Decentralized projects like Fetch.ai, The Graph, Numeraire, Oasis Network, and more offer specific AI services or have a built-in AI ethos. So, tokens relevant to these projects are known as AI cryptocurrencies.
AI, crypto, and innovation: why do they sit so well together?
AI technology can give a facelift to crypto trading, crypto research, and even crypto selection. But that’s now what we are currently focusing on. Today, the focus will be on crypto projects that offer AI services or have AI at the core of their operations.
Take Fetch.ai as an example. This project focuses on making AI technology accessible to everyone, with its FET coin working as an incentive. When paired with AI and vice versa, crypto gives users economic incentives to incorporate AI into their lives.
Moreover, with a crypto tag, organizations offering AI services, tools, and technology can work in a more transparent and decentralized manner.
Still looking for pointers? Here is what AI brings to crypto:
- Assistance with predictions via predictive analysis.
- Better DEXs with support for AI bots that are trained for sentiment analysis.
- Improved customer experience courtesy of personalized UI/UX.
- Improved security for enterprise-based solutions. This can prevent hacks and unscrupulous activities.
In crypto, AI can decentralize the entire automation space, pushing toward a more connected and perceptive world.
Distinguishable features of AI cryptocurrencies
AI cryptocurrencies are meant to power AI-led decentralized setups, preferably blockchains. And unlike other altcoin variants, they boast the following characteristics:
- Associated tokens are use-case-specific.
- Spending AI cryptos might help you with real-world service access.
- As AI helps with fraud detection, buggy project-specific smart contracts tied with token spending can be addressed beforehand.
- The concerned ecosystem is often less susceptible to hacks, courtesy of AI’s threat detection traits.
- The supply-demand curve associated with AI cryptocurrencies is determined by service monetization, as is the use case explored by a project called SingularityNET.
- Fewer token-specific manipulations, as in most cases, the tokens released to the founders and project, are used for developing the ecosystem with better training data.
- They are less susceptible to broader market bearishness as the popular pro-AI sentiments might be able to push them against the tide.
And while these are some of the more relatable features, other characteristics are more network-specific and highly exclusive.
AI ecosystems and cryptocurrencies: general use cases
Different AI crypto projects boast different use cases. Before we go into exploring our top AI-based cryptocurrencies, these are the general use cases to be aware of:
- AI-powered P2E platforms with powerful smart contracts to determine gamer progress, airdrop eligibility, and other factors.
- The AI-based trading setup works like trained bots on DEXs.
- AI-powered data crunching models to make crypto-specific predictions.
- AI and smart contract integrations to make projects more intelligent and perceptive.
- AI-powered blockchain consensus mechanisms, with Velas’s AIDPoS being one of the primary examples.
- AI development and data provisioning with a focus on real-world integrations.
Note that cryptocurrencies relevant to each AI use case often play a role in monetizing the services and offerings.
Note that crypto projects with AI-based use cases are increasingly emerging onto the web3 scene. However, as an investor, you need to look for other project attributes to validate authenticity. These could include team size, investor lineup, and Twitter following.
Top AI crypto projects and associated cryptos
We discussed some general AI use cases relevant to the crypto space at the beginning of this article. Yet, they aren’t as generic as you think. Here are some notable crypto projects based on the identified use cases and the native cryptocurrencies leading the charge.
- Fetch.ai
- Ocean Protocol
- SingularityNET
- Numeraire
- The Graph
- Hera Finance
- dKargo
- Cortex
- DeepBrain Chain
Read on for the additional project and crypto-specific details.
1. Fetch.ai (FET): AI Infrastructure
More about the project
Fetch.ai is a machine-learning ecosystem with a focus on being permissionless and decentralized. It aims to build a smart AI-based infrastructure with FET tokens as the incentive to use and offer services.
Fetch.ai is more like a blockchain-specific AI lab, which aims to make AI tooling kits accessible to all. Further, DeFi trading marketplaces, energy grids, travel systems, and other industries can rely on Fetch.ai for their AI-powered infrastructure.
Use-cases
Fetch.ai aims to offer the following benefits:
- Offering scalable and secure infrastructure.
- Offering ready machine learning models and intelligent smart contracts.
- Supporting low-latency transactions.
- Implementation across logistics, energy, and finance-specific verticals.
Why is it a game-changer?
Fetch.ai is like a massive playground. Small robots (autonomous agents) within the playground can help you carry props and navigate the realm. Anyone interested in exploring the playground can request the robots. And the entire playground is built on blockchain, focusing on security and immutability.
Fetch.ai is unique as it aims to build a global market of machine learning tools.
Technical analysis
As of Jan. 25, 2024, FET is trading at $0.58, with a possible rounded top formation. Plus, it seems to have broken below the lower trendline of an ascending wedge with a weakening RSI confirming the correction. If the prices correct further, $0.5 can be a strong support or, rather, a buy zone for FET.
On the upside, FET needs to breach past the strong resistance of $0.7 to invalidate the bearish trend. And even the RSI needs to cross above 50 for FET to sustain the expectation of a price surge.
2. Ocean Protocol (OCEAN): AI data sharing
More about the project
Simply put, Ocean Protocol is a data-sharing project primarily for AI initiatives. Even though Big Data is responsible for powering most real-world AI projects, it is still plagued by security issues and a lack of anonymity. Ocean Protocol aims to change that by introducing decentralization as part of the process.
Ocean Protocol is an Ethereum-based project. Moreover, its native token, OCEAN helps monetize the aspects of control, security, and privacy.
Use-cases
Ocean Protocol works as follows:
- A data exchange ecosystem, helping AI evangelists work with ready AI models.
- A data access platform dealing in apps and insights supporting predictive analytics, image recognition, and NLP.
- A data compliance platform to track usage and compare the same against HIPAA and GDPR guidelines.
- An AI development ecosystem but with a focus on blockchain-powered decentralization.
Why is it a game-changer?
With Ocean Protocol, is it even possible to incrementally improve the data quality associated with the exchanged and shared data models?
Technical analysis
OCEAN, the native ERC-20 token of this AI-based ecosystem, is trading at $0.4103 as of Jan. 25, 2024. The daily chart reveals the formation of what looks like a “head-and-shoulders” pattern. With the neckline breached, the next support levels seem to be at $0.408 and $0.395, respectively.
If these levels are breached, $0.3590 can be a strong buy zone for OCEAN. The RSI indicator is trying to salvage some momentum for the ERC-20 token, but there is no invalidating the trend unless it goes above 50.
3. SingularityNET (AGIX): AI marketplace
More about the project
If you are an AI developer and can create AI algorithms and AI models, SingularityNET might just be the right platform for you. Any individual or company trying to build an AI infrastructure can search through this ecosystem for the right apps and systems. AGIX, the native token, is the means to incentivize AI modelers.
Use-cases
The SingularityNET ecosystem offers the following:
- A marketplace for AI services.
- Support for AI-based decentralized development.
- Improved AI accessibility
- Data privacy
- Monetization of AI models
Why is it a game-changer?
SignularityNET (AGIX) also supports the creation of decentralized applications with AI at their core. Therefore, if you are planning to build your blockchain-focussed DApp that comes with AI functionality, SingularityNET might be a good fit.
Technical analysis
Like most other native AI coins/tokens we have discussed, even AGIX seems to be undergoing a correction at $0.25. However, the RSI, with its higher-low formation, is trying to save AGIX from falling lower. At present, $0.24 seems to be a strong value buying zone for this token.
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Even the EMA lines — 50 and 200 — are closing in on a death crossover. If that happens, AGIX might correct to $0.219. However, a price surge above $0.292 can invalidate the bearish trend.
4. Numeraire (NMR): AI-powered finance
More about the project
Here is another Ethereum-based AI crypto project that works as a decentralized representation of a hedge fund. And instead of offering direct AI services, this project leverages AI technology to make financial predictions more accurate. Data scientists working at Numeraire (Numerai) are incentivized to use the NMR tokens.
Numeraire is Ethereum-based, known for AI-based financial modeling, and uses blockchain to make the entire ecosystem more secure and tamper-proof.
Use-cases
This AI-powered ecosystem is known for the following use cases.
- Aims to bring decentralization to AI modeling and data science.
- One of the first hedge funds to rely extensively on AI for investment strategizing.
- Incentivized data scientists via competitions
- Furthers the concept of secure and data-backed trading
Why is it a game-changer?
Numerai, along with its Numeraire token NMR, serves two purposes: the primary one is to improve financial trading output. The secondary facilitates decentralized AI development, focusing on machine learning algorithms and AI models.
Technical analysis
Do not let the sudden price surge at NMR’s counter fool you. Even though the prices have moved from $17.19 to $23 in a matter of 48 hours max, as of Jan. 25, 2025, NMR is trading at $19.64. To sustain this surge, the RSI needs to move past the 76 level.
However, the broader trend resembles an ascending wedge, and the 50-EMA (red) line is currently offering strong support. A strong buy level, in case of a deeper correction, could be at $14.91. But then, if the RSI grows and NMR manages to breach past $21.96 with high volumes, a rally to $25.26 looks possible.
5. The Graph: Data querying for AI-based DApps
More about the project
In terms of market cap, The Graph is the top AI cryptocurrency. It is a go-to web3 project meant for querying data from the likes of Ethereum. While it isn’t directly linked to AI in terms of service offering or deployment, it is a reliable solution for AI developers planning to develop a model by requesting data from the services associated with The Graph.
It has a global crypto rank of 40 and has exposure across multiple verticals — Big Data, AI, DeFi, Enterprise Solutions, and more. Lastly, The Graph is also Ethereum-based, and its token — GRT — is ERC-20 compatible.
Use-cases
Even though The Graph isn’t directly linked to AI, it still manages to stand for the following use cases:
- Decentralized and secure data access.
- Seamless data curation for AI models, machine learning, and AI algorithms.
- Enabler of AI-powered DApps.
“Subgraph Radio is a level up for The Graph.
Eva Beylin, Director of The Graph Foundation: X
Why is it a game-changer?
The Graph can set you up if you plan on powering your blockchain-specific AI application with data from other blockchains. Therefore, it allows individuals to make room for more interoperable AI-driven DApps.
Technical analysis
Things aren’t looking exceedingly bright for the GRT holders as of Jan. 25, 2024. At $0.1472, this ERC-20 token has broken below the ascending wedge pattern. At present, the only thing saving it from dropping lower is the 200-EMA (blue) line, which coincides with a strong support of $0.133.
If this level is breached, GRT might correct it to $0.12 and even $0.097 in the short term. The weakening RSI isn’t exuding any optimism either. As such, the dollar-cost-averaging might be the best way forward for GRT supporters in early 2024.
6. Hera Finance: AI-powered DEX aggregator
More about the project
For the unversed, Hera Finance is a DeFi project that doubles down as a DEX aggregator. Its native token, HERA, allows holders to initiate token swaps and explore other DeFi-specific services.
Use-cases
Hera Finance boasts the following use cases:
- It connects market maker pools with AI models, helping locate every possible route to token swapping.
- The AI-powered protocol can split your massive trades into smaller fractions, finding you better liquidity across chains.
Why is it a game-changer?
As an AI-powered DEX aggregator, Hera Finance is a great choice for exploring zero-slippage swaps. And it is interoperable, courtesy of an AI-led pathfinder.
Technical analysis
The native token of Hera Finance can be traded on Uniswap. However, the listing is relatively new, with the HERA/USD pair currently trading at $5.36. In case you missed the quick rally from $4.8, there might be a buy zone at $5.1 — a level HERA might touch soon now that the triangle pattern has been breached, per the 4-hour chart.
The volumes are weakening, and the RSI is on its way down. However, we expect a deeper correction, close to $4.50.
7. dKargo: AI-based logistics solution
More about the project
Crypto project dKargo aims to revolutionize the global logistic sphere by offering AI-powered route optimization. As a protocol, it aims to offer credible information. This translates to a full-stack logistics solution — from the first mile to the last mile.
Use-cases
Here are the use cases dKargo promises to push:
- It helps provide credible insights, courtesy of blockchain transparency.
- It also allows interoperable data exchange via AI route optimization.
Why is it a game-changer?
It is one of the few web3 projects to offer real-world benefits, mostly specific to the supply chain. The idea is to bring forth an open logistics ecosystem.
Technical analysis
dKargo’s native token is trading at $0.0316, closer to a confusing price zone. While it tried breaching past the pennant to the top, the prices are now back to being sideways.
While both the RSI and price action hint at the same direction — a series of lower lows — the recent breach of the 200-EMA (blue) support line means that DKA might correct to $0.25. A DCA, starting near the first buy zone of $0.029.
8. Cortex: AI-based marketplace
More about the project
Cortex, the project, is all about allowing users to upload their AI models to a distributed network. Further, as an open-source platform, it makes AI accessible and allows the models and logic to integrate seamlessly with smart contracts and DApps.
Use-cases
The Cortex ecosystem boasts the following use cases:
- Making way for secure and AI-powered DApps.
- Supports buying and selling of AI models
- It also works as a marketplace for AI data.
Why is it a game-changer?
Cortex is one of the more trailblazing AI projects for various reasons — bringing AI to the decentralized world and serving as a marketplace for your diverse AI-specific needs. Further, the native token CTXC works to incentivize the space.
Technical analysis
The native token of Cortex — CTXC — is trading at $0.423, closer to the sell zone of $0.444. However, if this level is breached following a pullback, we can expect CTXC to rally to $0.461 without much resistance.
What’s optimistic is the RSI making higher highs, signaling decent momentum. Plus, CTXC has managed to respect the 50-EMA (red) line, showing strength. In case a correction appears, $0.383 might act like a strong buy zone.
9. DeepBrain Chain: AI development and deployment platform
More about the project
We saved the most impactful, direct AI project for the last. DeepBrain Chain is a blockchain-specific ecosystem for training, developing, and deploying AI models for a wide range of services and products.
Use-cases
As far as the use cases are concerned, here are the attributes that DeepBrain Chain is known for:
- It offers cost-effective training data.
- It also helps with AI-related data storage and processing. And the decentralized ecosystem keeps tampering out of the equation.
Why is it a game-changer?
The availability of a decentralized ecosystem for the development of AI models is what makes DeepBrain Chain unique. Centralized development isn’t all that kind to AI developers, who often get lost in oblivion. So, DeepBrain Chain aims to change that, letting companies and individuals access AI power whilst keeping the providers at the forefront.
Technical analysis
The native token of the DeepBrain chain is currently trading inside a quintessential descending triangle pattern. At $0.0017, the price is expected to breach the lower trendline, courtesy of the weakening RSI.
In case the expectations of a dip hold, a value buying zone could form at $0.00155 and $0.0013, respectively. The bearish trend will be invalidated if the price manages to touch $0.00224.
Honorary mentions
We have listed some of the top AI cryptocurrencies that have thus far made the most impactful AI and blockchain associations in this crypto market. Yet, there are still a few more cryptos that deserve honorary mentions.
Phala Network
Phala Network is a cloud-computing service provider focusing on preserving privacy. Therefore, it can be a handful when powering AI-based DApps. Companies that want to access AI data for sensitive use cases can use the Phala Network.
Covalent
Here is a decentralized data storage and analysis platform that uses AI to make a data-specific decision. It can be regarded as the future business intelligence and decision-making ecosystem.
Intelligent blockchains are upon us
That sums up our list of the top AI cryptocurrencies. The first clear takeaway is that AI in crypto isn’t just about end-user perks. Yes, chains like Cortex do offer AI-specific services. Yet some blockchains are actually becoming more intelligent by deploying AI alongside blockchain technology.
Therefore, if you hear of a new AI cryptocurrency, consider how artificial intelligence is implemented and used in each context. Only if the role of AI provides true value to the users participating in the chain should you think about giving it a thumbs up.
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