Cryptocurrencies linked to artificial intelligence, such as InQubeta, are becoming popular among investors who want to take advantage of the predicted technological revolution. InQubeta is attracting global investors with its presale, offering a secure way to buy equity in AI startups. Other AI-linked altcoins like Fetch.ai and Singularity.NET are also gaining attention. Even mainstream corporations like Nvidia, which provides chips for AI software, are seeing a significant increase in investment funds. Nvidia recently became a trillion-dollar corporation due to a 50% increase in demand for their AI software chips.
Top 10 AI-Based Cryptocurrencies to Keep an Eye On in 2023. InQubeta Emerges As Leader Of AI Cryptocurrencies
AI, also known as machine learning, is a software system based on neural networks. It was created decades ago but couldn't reach its full potential until new computing resources were developed. Thanks to AI, self-driving vehicles and effective image and voice recognition tools are already in use. Companies like Tesla® are even working on humanoid robots for manual labor and domestic tasks. Wall Street has heavily invested in AI, with over $100 billion invested from 2015 to 2022. It's predicted that investments in AI-linked firms will exceed $1.5 trillion by 2030, with a large portion going into AI-linked cryptocurrencies. Top 10 AI-Based Cryptocurrencies to Keep an Eye On in 2023.
The top ten ones are:
1. InQubeta (QUBE)
InQubeta is a platform that connects startups focused on artificial intelligence with potential investors, bypassing the barriers of traditional investment channels. Firms raise money on the platform by creating non-fungible tokens that denote equity and other bonuses in their companies. The tokens are fractionalized, allowing investors to invest as little or as much as they want. Transactions are done with the platform's native currency, $QUBE tokens. InQubeta investors can earn extra bonuses by staking their $QUBE to help secure and run the blockchain. $QUBE tokens also give investors access to the platform's governance.
2. Fetch.Ai (FET)
Fetch.ai is an AI-driven cryptocurrency platform that automates web transactions on a decentralized platform. Users have a digital twin that interacts and negotiates with the digital twins of goods or service providers. These digital twins use set parameters to negotiate on behalf of the user. They can also interact with other digital twins to learn from them. Fetch.ai digital twins can be used for decentralized financial services and notice price differences of a specific token on different cryptocurrency exchanges to take advantage of them autonomously. Bill Gates predicts that services like Fetch.ai will be the first to cause major disruptions and change how people shop online.
3. Singlularity.NET (AGIX)
Singularity.NET is a decentralized AI marketplace that utilizes blockchain technology to provide unrestricted access to applications and algorithms. Its main objective is to create Artificial General Intelligence through the interactions of different AI algorithms. The platform is hosted on the Cardano (ADA) and Ethereum (ETH) blockchains, and its native currency AGIX is used for transaction fees and product purchases. With over 70 AI services available, the user-friendly interface makes it accessible to non-developers.
4. The Graph (GRT)
The Graph provides a system for querying and indexing data from blockchains, much like a search engine’s index and query data from websites. The Graph’s platform does this by organizing data into subgraphs. It’s built on the Ethereum blockchain and it allows anyone to build and publish APIs that applications can query with GraphQL to secure blockchain data.
5. Ocean Protocol (OCEAN)
Ocean Protocol provides an Ethereum-based platform that allows individuals and businesses to monetize and exchange data and data-based services. For example, it can give researchers access to the data without the data holder having to relinquish it.
While many cryptocurrencies had a rough time in 2022, Ocean prices kept growing before finally coming down in early 2023.
6. Cortex (CTXC)
Cortex is a decentralized blockchain-based platform that enables uploading and executing AI models on a distributed network. It promotes AI democratization by integrating models into smart contracts to create AI-powered decentralized applications. Although it hasn't seen significant price growth compared to other AI-driven cryptocurrencies, it has the potential to develop a new category of decentralized applications and smart contracts in the future.
7. IExec RLC (RLC)
IExec is a blockchain network that enables users to monetize their computing power and access on-demand computing resources. RLC is the network's currency used for transaction fees. The platform allows users to monetize data sets and applications in various fields. iExec aims to revolutionize cloud computing through a blockchain-based cloud paradigm. The platform uses XtremWeb-HEP, an open-source grid software with features like security, data management, private infrastructure, and virtual image development.
8. Numeraire (NMR)
Numeraire runs an AI-powered blockchain network that acts like a hedge fund on behalf of users, using machine learning and artificial intelligence to invest in global stock markets. Its native currency the Numeraire is used to pay transaction fees on the network.
The Numeraire blockchain is Ethereum-based, allowing data scientists and developers to experiment and develop machine learning models. The platform aims to decentralize the data science field while allowing developers to make more effective machine-learning models.
Numeraire claims the title of being the first hedge fund to launch its cryptocurrency, but unlike conventional hedge funds, it uses predictions made by users to select stocks. It heavily relies on machine learning for its investment strategies.
9. DKargo (DKA)
dKargo is a blockchain network that uses AI to address logistics issues by providing credible data and improving communication. It establishes efficient logistics networks and addresses trust issues by creating collaboration-based networks using blockchain technology. The platform also provides Web3 logistic services, optimizing routes and logistics that were previously impossible with silo logistics.
10. Phala Network (PHA)
Phala Network offers AI-enhanced blockchain-based cloud computing services with a focus on privacy. It serves as a decentralized alternative to traditional cloud computing providers like Google Cloud and Amazon AWS. PHA is the platform's native currency used for purchasing computing resources, paying data exchange fees, and security guarantees. It also serves as the governance token for the platform, allowing users to participate in its development and operations.
Summary
AI-linked cryptos have become the top altcoins to buy in 2023, with investors feeling bullish about them while generally bearish about most cryptocurrencies. These tokens driven by artificial intelligence are taking over the crypto space and are expected to receive $1.5 trillion in funding for the AI sector.
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