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Emerging AI tokens capture market interest amid industry growth
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Amid a surge in AI-powered cryptocurrencies, Turbo and Akash Network post significant gains, highlighting the growing interest in AI-powered tokens such as WienerAI and Bittensor.
The crypto-AI narrative is booming, and Turbo and Akash exploded this week, up 101% and 38% respectively.
However, with the sector accelerating, this could represent a huge buying opportunity for further gains. So, let’s take a look at the top five AI coins.
Wiener AI
Wiener AI it is a leading AI coin with high performance statistics. However, it is disguised behind the appearance of a playful meme coin, adding a viral perspective that is amassing a strong community.
The token is currently in the presale phase and has raised $1.4 million so far. WienerAI aims to leverage artificial intelligence technology to provide a trading bot that offers predictive, instant and intuitive trade execution.
The initiative aims to level the playing field between its users and smart money traders who traditionally have more resources, therefore an advantage.
Indeed, this exciting use case provides unwavering utility, while WienerAI also benefits from the hype-driven virality of meme coins. The project has already created a community of over 7K followers X and almost 3K members in it Telegram group.
WienerAI’s current pre-sale price is $0.000705, but is set to increase incrementally over the course of the campaign, with the next increase expected within a day.
To know more, visit the WienerAI presale site.
Bite
Bittensor (TAO) is a technologically advanced AI blockchain with a multi-billion dollar valuation. TAO is seen as a disruptor and forerunner in the crypto-AI circuit, so analysts have high hopes for its future.
Currently, TAO is trading at $392, down 0.4% today, 1.8% this week, and 38% this month. It has a market capitalization of $2.6 billion and 24-hour trading volume of $40 million, down 34% today.
Indeed, with the surge of other cryptocurrencies such as Render, Turbo and Akash this week, Bittensor has been left behind. However, analysts are optimistic about the pace picking up, and at a 38% discount from a month ago, the upside potential is significant.
“AI coins are hot and everyone is chasing RNDR. But if you missed RNDR, that’s okay; you can still take TAO, which has not started, ” She said Laxman on X today.
Recover.ai
Fetch.ai is the leading AI encryption for “AI agents”. These are tailor-made AI bots hosted on the blockchain that can be integrated into the Internet of Things to facilitate automated communication between devices.
The new concept offers a notable distinction from most other AI projects, which focus more on infrastructure than innovation at the application level.
Currently, the FET is trading at $2.3, up 4.8% today, 14.8% this week, and down 9.9% this month.
It holds a market capitalization of $1.9 billion and 24-hour trading volume of $216 million, up 7% today.
Recently, Crypto Rand, analyst and member of the CoinMarketCap community listed Fetch.ai as one of the best AI cryptocurrencies along with Render and Bittensor.
Meanwhile, Captain Faibik analyzed its price action and highlighted that it “looks extremely promising” and that there is room for a 150% gain if it were to break out of the current chart pattern.
iExec RLC
iExec RLC is a smaller market cap AI coin that offers a privacy-focused perspective in the domain of infrastructure and computational power.
RLC has seen considerable success in recent months. It is currently priced at $3.38, up 9.9% today, up 34% this week, down 1% this month, and up 126% this year.
It has enjoyed a strong recovery since the general market sell-off in April, pumping from lows of $2.28. This represents significant momentum and community interest, paving the way for further growth.
The project has a market cap of $244 million and trading volume of $22 million, up 21% today.
According to the website, the project’s focus on privacy “allows users to grant access to their data without revealing the data itself.”
In a world of high-performance computing and artificial intelligence, such privacy will become increasingly crucial, providing iExec RLC with enormous long-term potential.
NetMind token
NetMind Token is a newly launched AI cryptocurrency that is making waves in the market. Despite its recent age, leading cryptocurrency analysts are hailing the project and it boasts one of the most decorated teams of any new cryptocurrency.
NetMind Token follows a similar model to other AI infrastructure projects, providing a decentralized network of idle GPUs to train AI and machine learning algorithms.
It is currently priced at $6.79, up 4.75% today, 23.8% this week, and down 33% this month. It holds a market capitalization of $227 million and a 24-hour trading volume of $3.1 million.
One of NetMind’s key strengths is its extremely experienced team, which has expertise in mathematics, statistics, physics, artificial intelligence and computer science.
Also, Kaduna analyst highlighted that the previous businesses of its founder, Kai Zou, “are still running successfully”, suggesting that NetMind may also see long-term success.
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