Best AI tokens to invest in 2024: Newly emerging AI tokens

NEAR Protocol leverages artificial intelligence (AI) and machine learning (ML) to automate various aspects of its platform, including smart contract deployment, network optimization, and security monitoring. This helps reduce development complexity and improves the overall user experience.

Here are some reasons you should invest in this AI Crypto Token—

• Built for Mass Adoption: NEAR Protocol's sharding technology is designed to handle huge transaction volumes without slowing down. This means it won't get bogged down as more and more people use blockchain apps, potentially making NEAR token prices soar with widespread adoption.

• New Use Cases: NEAR makes it easy for developers to build on its platform. The more cool projects launched on NEAR, the more reasons people will have to buy and use NEAR tokens, driving up demand and boosting potential future value.

• A Stake in the Future: NEAR token holders get a say in how the network evolves. This means investor interests and the token's growth potential are closely aligned, a good sign for long-term value.

2. Render Token (RNDR)

The (RNDR) is a project founded in 2016 that offers decentralized GPU-based graphic rendering solutions to meet the increasing demand for 3D graphics rendering across various industries, such as gaming, NFT art, metaverse development, architecture, animation, and interior design. Render Token streamlines the rendering process by connecting users needing render jobs with those with idle GPUs, making it more accessible and cost-effective.

Render Token stands out by leveraging blockchain technology and smart contracts to create a transparent, decentralized marketplace for GPU power.

Additionally, Render Token's integration with Apple, particularly through OctaneX, opens up new possibilities for millions of users to utilize the network for their graphic processing needs, further enhancing its uniqueness and utility.

Here are some reasons why you should consider investing in RNDR:

1. Powering the Creator Economy: Render Network connects people who need their 3D models, animations, and special effects rendered with folks who have spare computing power. As demand for high-quality visuals explodes, RNDR – essential for using the network – could see a price surge.

2. Solving a Real Problem: Rendering is expensive and time-consuming. Render Network offers a faster, more affordable solution. This positions it well to attract a wide user base hungry for RNDR tokens, potentially driving their value upwards.

3. Community and Utility: Holders can use RNDR to earn rewards by renting out their computing power to the network. Increased network participation means higher token demand, fostering potential long-term price appreciation.

3. Bittensor (TAO)

Bittensor is a decentralized artificial intelligence (AI) network that aims to create an open, collaborative, and incentivized ecosystem for training and deploying AI models. The project's goal is to democratize AI development by allowing anyone to contribute computing power and data to train AI models and, in turn, earn rewards in the form of the TAO token.

Bittensor's unique approach lies in its use of blockchain technology and cryptographic incentives to coordinate the training and deployment of AI models. By leveraging a decentralized network of nodes, enables the collaborative development of AI models, reducing the barriers to entry and promoting innovation in the field of artificial intelligence.

Should you be investing in TAO? Here are three reasons why you should:

1. The Marketplace for AI: Bittensor is a decentralized marketplace where anyone can buy or sell machine learning models. As more businesses need AI solutions, demand for Bittensor's platform and TAO tokens could skyrocket, boosting its price.
2. Redefining AI Development: Bittensor makes it easier for smaller teams and individuals to contribute to AI innovation. More diverse minds building unique AI models could mean a wider range of solutions available, fueling the market and increasing TAO's value.
3. Rewarding Participation: Bittensor rewards participants - both those providing AI models and those putting their computers to work. This active network with built-in incentives boosts demand for TAO, fostering potential long-term price appreciation.

4. The Graph (GRT)

The Graph is an indexing protocol that allows developers to easily access blockchain data through open APIs called subgraphs. It aims to simplify the retrieval and utilization of data from various blockchain networks, including Ethereum and IPFS, by decentralized applications (dApps).

The Graph leverages a decentralized network of nodes, known as Indexers, to collect, process, and store blockchain data. This decentralized approach allows for more transparency and reliability compared to centralized data aggregation services. Additionally, utilizes the GRT token to incentivize participants, including Indexers, Curators, and delegates, to contribute to the network's operations.

Here are three reasons why you should invest in GRT:

1. Google for Blockchain: The Graph makes disorganized blockchain data easily searchable and usable. As more projects and apps are built on blockchains, fast and efficient access to this data becomes crucial, potentially making GRT highly sought after.

1. Key to Web3 Growth: The Graph is designed to power the next generation of the internet (Web3) – decentralized and more user-focused. If Web3 adoption explodes, GRT, as an essential tool for its developers, could see its price soar.

1. Built-In Demand: To use The Graph, you need GRT tokens. This means that as the platform gains popularity and utility, demand for GRT is likely to increase, driving up potential future value.

5. Injective Protocol (INJ)

Injective Protocol (INJ) operates as a second-layer cross-chain ecosystem, offering users the ability to trade derivatives across decentralized networks securely. By addressing scalability issues and lack of interoperability in the DeFi sector, it aims to streamline DeFi onboarding and provide an alternative to centralized exchanges.

Injective Protocol stands out for its cross-chain capabilities, supporting features like cross-chain margin trading, derivatives, and forex futures trading. It leverages a PoS consensus mechanism for scalability and reduced energy consumption, making it a greener option for traders. INJ, the main utility token, facilitates global trades in a permissionless manner and offers staking opportunities for passive returns.

Here is why you should be investing in INJ—

1. The Gateway to Decentralized Finance (DeFi): makes building fast, secure, and user-friendly decentralized exchanges (DEXs) incredibly easy. As DeFi continues to explode in popularity, Injective could become a go-to platform, fueling demand for INJ tokens.

1. Cross-Chain Potential: Injective allows trading across different blockchains. As the crypto world becomes more interconnected, being able to seamlessly swap tokens between networks becomes key, positioning INJ favorably for growth.

1. Stakes in Success: INJ holders can earn by staking their tokens to help secure the network. This participation model increases network usage, and as more INJ is staked, available supply reduces, creating potential for price appreciation.

6. Theta Network

Theta Network wants to revolutionize how we watch videos online, making streaming smoother and more affordable. They use blockchain technology to create a network where people share extra internet and computer power, earning THETA cryptocurrency as a reward. THETA also powers the network through ’staking', where you can lock up your tokens to help it run and earn rewards. Theta tackles a big problem and has partnerships with giants like Samsung and Google.

Here are some reasons why you should invest in THETA

1. Revolutionizing Video Streaming: is building a decentralized video delivery system fueled by its users. This can make high-quality streaming cheaper and more accessible, especially in regions with poor internet infrastructure. Wider adoption could make THETA very valuable.

1. Solving Real-World Problems: Current video streaming giants are expensive and centralized. Theta's user-powered network addresses these pain points. If its solution gains popularity, demand for THETA tokens could skyrocket alongside its price.

1. Rewarding Engagement: Theta users earn rewards (TFUEL tokens) for sharing their bandwidth. This incentivizes participation, building a strong network that supports THETA's growth. Increased network activity often translates to increased token value.

7. Fetch.ai (FET)

Fetch.ai wants to build an "internet of things" powered by artificial intelligence. They envision a decentralized network where AI 'agents work for you, finding the best deals, optimizing your schedule, or even trading on your behalf. This network runs on the FET cryptocurrency, used to pay for AI services and reward those who help the network function. has partnered with big names like Bosch and Ocean Protocol, demonstrating the potential for real-world adoption of their technology.

If you are interested in investing in FET, here are three concrete reasons you should seriously consider it:

1. Building the AI-Powered Economy: Fetch.ai is creating a network of intelligent software agents that automate tasks, streamline commerce, and optimize systems. As industries increasingly rely on AI, demand for a platform like Fetch.ai could surge, driving up the value of FET tokens.

1. Bridging Worlds: Fetch.ai connects the worlds of AI, blockchain, and the Internet of Things (IoT). With the growth of smart devices and decentralized technologies, Fetch.ai is well-positioned, increasing the potential long-term value of FET.

1. Utility Drives Value: FET tokens are essential to using the Fetch.ai network - for deploying AI agents, securing the network, or transacting. As network usage increases, this drives demand for FET, potentially boosting its price.

8. SingularityNET (AGIX)

SingularityNET wants to create a global marketplace for artificial intelligence (AI). Imagine a place where developers can easily share and sell their AI creations and anyone can find AI tools to solve their problems. AGIX is the cryptocurrency powering this marketplace, used for buying and selling AI services. focuses on making AI accessible to everyone and aims to play a key role in the development of increasingly powerful AI technology.

Here are some reasons why AGIX is a good AI crypto token to invest in:

1. The AI Marketplace: SingularityNET allows AI developers to create, share, and monetize their AI services. As the market for specialized AI solutions grows, SingularityNET's marketplace – and AGIX with it – could explode in value.

1. Democratizing AI: SingularityNET lowers the barrier to entry for AI development. More innovative minds building powerful tools could mean a surge in projects using the platform, fueling demand for AGIX.

1. Built for Growth: AGIX token holders get a say in the platform's direction. This aligns token growth with the project's overall success, making it appealing for long-term value potential.

9. Akash Network (AKT)

Akash Network wants to be the "Airbnb of cloud computing". They offer a decentralized marketplace where anyone can rent out unused computer power, creating a more efficient and affordable alternative to traditional cloud services. AKT is the cryptocurrency that powers this marketplace, used to pay for computing resources and incentivize participation.

Here are three solid reasons why you should consider Akash Network(AKT) for investments:

1. The Cloud, Decentralized: provides a decentralized marketplace for cloud computing power. This offers a more affordable alternative to traditional providers. If Akash gains market share, AKT's potential value increases alongside it.

1. Powering Innovation: Akash makes it easier and cheaper to deploy dApps (decentralized applications) and AI services. This could foster a new wave of projects, all relying on AKT tokens, potentially boosting its value.

1. Community First: Akash emphasizes community participation and governance. Holders get a say in how the network evolves, aligning the long-term health of the project with token price growth.

10. AIOZ Network

AIOZ Network focuses on revolutionizing how we stream and distribute video content. Their decentralized network aims to lower costs and improve video quality using blockchain and advanced networking technologies. The AIOZ cryptocurrency fuels this system, used to pay for services and reward contributors.

Here are 3 reasons why you should consider investing in AIOZ

1. Solving Streaming Bottlenecks: AIOZ aims to make video streaming faster and more efficient using a decentralized network of nodes. As demand for high-quality video content continues to rise, AIOZ's solution could see mass adoption, boosting its token's value.

1. Lower Costs, Wider Access: AIOZ offers the potential to reduce delivery costs associated with traditional content streaming platforms. Wide adoption could make AIOZ a sought-after token.

1. Utility in the Network: AIOZ tokens power the network, used for payments, incentivizing participation, and securing its operations. As the network grows, demand for AIOZ for these purposes could increase its price.

What are AI Crypto Tokens?

AI crypto tokens are specifically designed to support the development and use of artificial intelligence (AI) applications, platforms, and networks. They go beyond just being a means of exchange. AI tokens have functions like:

• Facilitating transactions on AI marketplaces
• Providing access to AI tools and services
• Incentivizing data sharing and contribution to AI model training
• Governing decentralized AI networks

How AI Crypto Tokens Differ from Traditional Crypto Tokens

While both types use blockchain, AI tokens often incorporate AI algorithms and mechanisms.

Traditional crypto tokens (like Bitcoin) primarily function as digital currencies or stores of value. AI tokens prioritize the development and use of AI technology alongside their use for transactions.

crypto might be used for:

• Smart contract automation
• Data analysis and prediction
• AI model optimization

Why Should You Invest in AI Crypto Tokens

1. Emerging Tech, Emerging Opportunity: AI is a revolution that is just beginning. AI crypto tokens fuse this disruptive force with the innovation of blockchain technology. Early investment in transformative technologies often yields high ROI potential.
2. Innovation Drives Value: AI crypto tokens aren't just speculative assets. They power innovative platforms such as decentralized AI markets, data-sharing networks, and AI-powered tools. As these platforms succeed and gain adoption, the demand for their tokens can increase, driving up potential returns.
3. Utility Beyond Price: Some AI crypto tokens are designed to reward user participation. You might earn rewards by using the platform, storing data, or contributing to the network, offering potential ROI beyond simple token price appreciation.

Advantages and Disadvantages of AI Crypto Tokens

While AI tokens offer undeniable potential, it's crucial to consider both the upsides and potential pitfalls before investing:

Advantages

• Growth Potential: AI is a rapidly evolving field with tremendous potential to disrupt industries from finance to healthcare. AI crypto tokens tied to successful projects could see substantial value appreciation.
• Innovative Solutions: AI tokens often power cutting-edge platforms that tackle real-world problems. Success in streamlining processes, democratizing AI development, or revolutionizing industries could lead to significant returns.
• Community and Participation: Many AI crypto projects emphasize community involvement and offer rewards for staking, running nodes, or contributing data. This incentivizes participation and can create additional sources of value.

Disadvantages

• Volatility: The cryptocurrency market, especially for newer projects, can be highly volatile. Be prepared for price fluctuations and potential losses.
• Nascent Technology: AI is still maturing, and many AI crypto projects are experimental. There's a risk that projects might not achieve their ambitious goals, impacting token value.
• Speculation: Some AI tokens may be driven more by hype than actual utility. Thoroughly research projects to separate those with solid fundamentals from those riding on trends.

Conclusion

AI crypto has the potential to change how we use money, but many of these projects are still in the early stages. Don't just jump on the latest trend—take the time to figure out which AI tokens have real promise. Look at the project's goals, who's behind it, and whether it makes sense to you.

(Author Jithin Mohandas is Research Analyst at Mudrex)

Source: Forex-Markets-Economic Times