The Top 10 AI Cryptocurrencies: Up 157% in 2023

Elon Musk’s recent launch of artificial intelligence company xAI has added to the already significant momentum in the sector (although it does not have an associated token yet). Other developments in the field of artificial intelligence cryptocurrencies include an increase in demand for AI-themed cryptocurrencies, driven by excitement around Nvidia and its growing demand for chips that power artificial intelligence applications. SingularityNET (AGIX), for example, experienced a significant rise in value as a result of this increased demand.

Additionally, there is a growing recognition of the role that AI cryptocurrencies play in the overall cryptocurrency market. While AI cryptos currently account for only 0.4% of the $1.07 trillion cryptocurrency market, their performance in 2023 so far has been noteworthy.

The Top 10 AI cryptocurrencies today are;

 1. The Render Network (RNDR)

Jules Urbach established The Render Network in 2016 to offer decentralized GPU-based rendering solutions by linking users looking for render jobs with others who have free GPU capacity to execute the renders. Users transfer RNDR to the person doing the rendering. Built on the Ethereum blockchain, RNDR is an ERC-20 token.

Current Market Cap: $615M
Current Price: $1.60
Price Year To Date: +308%

 2. SingularityNET (AGIX)

SingularityNET is an open-source decentralized platform that allows developers to create, share, and monetize AI services. It aims to democratize access to AI by providing a marketplace for AI algorithms, enabling collaboration and innovation within the AI community.

Current Market Cap: $227M
Current Price: $0.18
Price Year To Date: +350%

 4. Ocean Protocol (OCEAN)

Ocean Protocol is a blockchain-based data sharing platform that connects data providers and consumers. It allows individuals and organizations to securely and privately share data, including AI models and algorithms, while maintaining control over their data assets.

Current Market Cap: $198M
Current Price: $0.32
Year To Date: +100%

 5. AKASH Network (AKT)

Akash Network is a decentralized cloud computing marketplace. Its goal is to leverage the unused computing resources of a global network of providers and make them available to users, allowing them to rent computing power on-demand. It operates on a peer-to-peer (P2P) network where providers offer their idle computing resources, such as CPU, GPU, and storage, and users can rent these resources to host their applications.

Current Market Cap: $188M
Current Price: $0.86
Year To Date: +326%

 3. Fetch.ai (FET)

Fetch.ai is a decentralized AI network that enables autonomous economic agents (AEAs) to exchange data, services, and value. With the use of AI and blockchain, Fetch.ai aims to create a decentralized ecosystem where digital agents can collaborate, learn, and transact without human intervention.

Current Market Cap: $184M
Current Price: $0.22
Price Year To Date: +133%

 6. OriginTrail (TRAC)

OriginTrail is designed to enable transparent and decentralized supply chain management by leveraging blockchain technology and decentralized network infrastructure. OriginTrail enables interoperability between different systems and databases by using a decentralized graph database model. This model allows various stakeholders to connect their existing systems and share data in a standardized format without requiring a centralized intermediary.

Current Market Cap: $94M
Current Price: $0.23
Year To Date: +53%

 7. Numerai (NMR)

Numerai is a unique AI-powered hedge fund that utilizes a decentralized approach to combine the power of AI and blockchain technology. Through their platform, data scientists can build prediction models and compete in weekly competitions to earn cryptocurrency rewards.

Current Market Cap: $80.5M
Current Price: $12.74
Year To Date: +3%

 8. Cortex (CTXC)

Cortex is an AI-powered blockchain platform that allows developers to create and deploy smart contracts powered by AI. By combining blockchain technology and AI, Cortex enables decentralized AI applications and services, opening up new possibilities for the development of intelligent decentralized applications (DApps).

Current Market Cap: $26M
Current Price: $0.12
Year To Date: -24%

 9. DeepBrain Chain (DBC)

DeepBrain Chain is a decentralized AI computing platform that uses blockchain technology to enable secure and cost-effective AI training. By incentivizing users to share their idle computing resources, DeepBrain Chain creates a distributed network for AI computing, making it more accessible and affordable.

Current Market Cap: $9M
Current Price: $0.003
Year To Date: +200%

 10. GNY (GNY)

GNY is an AI-powered decentralized machine learning protocol that provides predictive analytics tools for businesses. By integrating AI and blockchain technology, GNY aims to revolutionize decision-making processes by enabling accessible and actionable data insights.

Current Market Cap: $4.7M
Current Price: $0.025
Year To Date: +127%

Conclusion

Year to date the Bitcoin price is up around 65%. While an impressive performance, it is easily eclipsed by the average price increase of the Top 10 AI cryptocurrencies, which together are up 157% on average. In short, artificial intelligence is here to stay and the convergence of AI and blockchain technology is opening up new possibilities for the development of innovative cryptocurrencies. These top 10 AI cryptocurrencies are at the forefront of this transformation, bringing AI-powered solutions to various industries and reshaping the future of finance and technology. As the adoption of AI and cryptocurrencies continues to grow, these projects are worth keeping an eye on.