The Explosive Rise of AI Crypto
Curated from: trajectorymatrix.substack.com
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AI Coins
AI cryptocurrencies really took off between January and February this year (2024), reaching 257% . Bittensor, Render, and Fetch.ai were the stars among the top 25 AI coins during this time.
It's not just the big players though. Smaller AI coins also gained attention and made their way into the ‘top’ list.
Read the entire article here.
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Leading Countries
In the crypto market, a few key countries dominate the market share for AI crypto coins. The US (18.9%) and the UK (9.14%) are at the forefront, with Southeast Asia also showing a strong interest in these coins.
In 2023, countries like the UK, the US, India, Australia, Canada, and the Philippines led the way in meme coins. Currently, these countries continue to react quickly to trends in the crypto market, this time towards AI cryptos.
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AI Tokens: Fueling the Future of AI
AI tokens are digital currencies that fuel AI projects on blockchain platforms. They have 3 main purposes:
- Use: AI tokens are used for transactions, accessing data, and engaging in platform activities.
- Governance: Some tokens grant holders voting rights to the project's development decisions.
- Incentives: Users can earn tokens by contributing to the project through providing data or computational resources.
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AI and Blockchain Predicted Growth in Next 5 Years
AI and blockchain are expected to continue their upward trajectory in the next 5 years, with new highs in market value and increased integration between the two technologies.
In the coming years, we can anticipate smart contracts, security, and DeFi apps to benefit from the combination of AI and blockchain. Additionally, platforms like SingularityNET are likely to grow in popularity, enabling users to create, share, and earn from AI services.
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Why The AI Crypto Boom 🚀
Technological Advancements
- The combination of AI and blockchain has led to better and safer systems
- AI's abilities are making blockchain platforms more appealing to users and investors
Industry Development
- Industry leaders and companies, such as Google and Microsoft, are investing in AI
- This support increases confidence in AI-based cryptocurrencies
There are other reasons. Check them out here.
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