Is the 100-fold bull market sector about to be born? 5 AI Cryptocurrencies You Can't Miss!

Strongly believe that crypto-artificial intelligence is one of the most promising areas in the upcoming Bitcoin bull run. While global AI companies are already worth over $9 trillion, the crypto-AI market is only worth around $20 billion.

Crypto AI will explode in 2024 if we can get a piece of the pie that big companies are pursuing around the world. In this article, I will discuss five AI altcoins that I believe will perform well in the near future.

1. TAO

The first artificial intelligence altcoin is Bit Censor 2 (TAO). Despite TAO's substantial growth over last year, I believe there are clear reasons to be extremely bullish on TAO. Currently, TAO is a top 30 token with a market cap of around $4.3 billion, but I believe it still has huge potential. The key factor is the tight supply of TAO, which is similar to the widely discussed tight supply of Bitcoin. Interestingly, TAO is not yet listed on primary exchanges like Binance or Coinbase, and the reason behind this is the limited supply of TAO tokens.

#TAO’s launch is fair, meaning the company behind it does not have any tokens reserved for exchange listing. If an exchange wants to list TAO, they need to buy it from the open market. Currently, only 30.2% of the total TAO supply is in circulation, 89% of TAO is staked, leaving only 11% available for use on the open market, or approximately 700,000 TAO. For exchanges like Binance or Coinbase to list TAO, they would need to make large purchases from the open market to provide liquidity. This scenario could push the price of TAO higher.

As the largest artificial intelligence coin by market capitalization, I believe TAO has minimal risk while still having huge upside potential. I believe it still has more room for growth. The upcoming exchange listing will likely increase the price significantly, making TAO my number one choice for low-risk, high-reward AI cryptocurrency investments.

#2.FET

The second artificial intelligence coin is Fetch AI (FET), its value Growth has exploded in the past few weeks. Optimism around artificial intelligence is already strong, and Fetch AI is doing some extraordinary things in this space.

What makes me particularly bullish on Fetch AI is that the project has been around for over five years, which proves that they are committed to their product and are in it for the long term, not just Only short-term gains. FET’s market cap is almost completely diluted, meaning nearly all of the tokens are in circulation, but prices remain stable near all-time highs. This is a testament to the strength and potential of the project.

#Fetch AI is currently entering the price discovery space and my strategy is to accumulate more FETs during the upcoming bull market. If there is a pullback to the $0.90-$1.20 range, I would be keen to buy more. However, the question remains whether we will get this opportunity, as Fetch AI has grown exponentially. My target for FETs during this bull market is 10x current levels, which would mean a 20x return on my initial investment. Although Fetch AI is slightly riskier compared to TAO, the potential rewards are likely to be greater due to its lower market cap.

##

3.RNDR

The third option is RNDR, which performs very well. Currently, RNDR has a market cap of around $2.8 billion and is listed on Binance, which I think is very positive as it exposes the token to a wider audience.

As a relatively new coin, RNDR is well-positioned to perform better in the upcoming bull market. The chart looks promising, with a huge bottom structure and new all-time highs, indicating strong market strength. As GPU power becomes more popular along with AI, I believe Render Token will be a project that is here to stay, not only in the next bull market, but also in the subsequent bear market. This is why RNDR ranks third on my list of top AI cryptocurrencies.

#4.RSS3

RSS3 is a layer 2 zone Blockchain, it doesn’t have as much traffic as other AI coins, but I think it has a connection to AI and I think people will understand that. It has significant backers like Coinbase Ventures, HashKey, and even Balaji Srinivasan. Their mainnet and node launch is just around the corner.

RSS3 describes itself as an “open information layer.” They are a decentralized network that indexes and structures open information, making data accessible and valuable to the next Twitter, Google, and OpenAI. Think of it like what The Graph does for data sets in general, but specifically in the field of artificial intelligence. This is L2 built on optimism.

RSS3 tells some stories: network-specific catalysts for L2, artificial intelligence, and the upcoming mainnet. Coinbase is also on the share structure table but is not yet listed. This doesn’t guarantee a listing, but it’s something to look forward to, especially during the mainnet launch.

From a technical perspective, RSS3 broke through key levels and is currently in the price discovery stage. I draw horizontal lines when a coin pulls back sharply after a rally. This breakout is often an interesting point to enter a position as they attempt another all-time high and re-enter the price discovery phase. Of course, this depends on your time frame and trading style.

5.AOR

Continue discussing higher risk, reward For a higher AI coin, the choice is AoR Protocol (AOR). AoR combines two exciting narratives – artificial intelligence and decentralized private internet networks. Since I am bullish on the development of artificial intelligence and the decentralized internet, I believe AoR has huge potential.

Although AoR has only been around for a few months, it has already shown great promise. The project did experience a massive crash due to a hacker attack, with millions of dollars lost, which was unfortunate. However, they have recovered and I believe that despite the hype before the hack, AoR still has the potential to surpass its previous highs. With a market cap of just $91 million, I think this AI-focused decentralized internet project has huge room for growth.

The above is the detailed content of Is the 100-fold bull market sector about to be born? 5 AI Cryptocurrencies You Can't Miss!. For more information, please follow other related articles on the PHP Chinese website!