AI crypto space is buzzing with a massive update of recent times: the merger of Fetch.ai ($FET), SingularityNET ($AGIX), and Ocean Protocol ($OCEAN). The merging of $FET, $AGIX, and $OCEAN tokens into a new $ASI token aims to create the Artificial Superintelligence Alliance, enhancing decentralized AI development. With an estimated market cap of $7.5 billion, this merger fosters collaboration among the projects, potentially boosting the market and advancing AI technologies.
Artificial intelligence is taking the world by storm, and technology adoption saw a rapid acceleration after OpenAI launched ChatGPT (the company continues to excite the world by teasing Sora-like technologies). Though the technology is flourishing, only a handful of companies control most AI stakes. The leading AI crypto projects believe the Artificial Superintelligence Alliance will be a massive step towards decentralizing AI.
AI has reached every possible industry, and it continues to spur growth. Crypto and blockchain space was the most popular sector until AI technology emerged. However, the two most popular technologies came together, and today, AI crypto holds a significant portion of the crypto market. Currently, the AI crypto market cap stands at over $39 Billion and continues to grow.
$FET, $AGIX, and $OCEAN are the talk of the town today but are not the only trending AI crypto tokens. Other leading AI tokens, including $RNDR, $DUEL, and $GRT, are catching the attention of investors who anticipate big moves in these tokens in the wake of current positive sentiment around AI crypto narratives.
Render ($RNDR)
Render is a decentralized global rendering platform that leverages blockchain technology to meet the growing demands for GPU computing power in next-generation media production. It connects content creators lacking computing resources with GPU providers with excess capacity, facilitating a more efficient use of GPU resources.
The platform is designed to support a wide range of applications, including visual effects, motion graphics, and virtual assets for NFTs, as well as applications in virtual production, projection mapping, and more. Render Network operates through a peer-to-peer network where $RNDR tokens incentivize nodes to provide excess computing power.
$RNDR, the network’s native token, has seen significant price movements. Its value surged by over 1,000% in 2023 due to increased interest in AI and demand for GPUs. This price increase reflects the growing relevance of Render Network’s services in the broader tech and entertainment industries, especially concerning content creation and AI model training.
Recent developments for $RNDR include establishing the Render Network Foundation and implementing a burn and mint equilibrium (BME) to enhance the token’s utility and governance functions within the network.
The price surge of the $RNDR token is one of the major highlights in the AI crypto space. Despite the momentary downtrend, the AI token has been among the top gainers in the past year. Following a slight uptick of 1%, the $RNDR token is trading above $9. Though the token has been down 20% in the past 30 days, it has increased by nearly 500% in the last year.
GameGPT ($DUEL)
GameGPT ($DUEL) represents an innovative blend of gaming and artificial intelligence within the cryptocurrency space, powered by its native token, $DUEL. Developed by Prism, GameGPT ensures the blockchain gaming industry sees AI-driven game engines designed to support the creation and operation of various games.
GameGPT seeks to address several challenges in the gaming industry by leveraging artificial intelligence and blockchain technology. GameGPT allows gamers and creators to develop, play, and monetize games in a decentralized ecosystem by offering a suite of AI gaming tools. This approach enhances the gaming experience through more brilliant AI integration and supports the financing of innovative game projects through the use of the DUEL token.
The project distinguishes itself with an AI-first approach to gaming, emphasizing speed in game development and providing a platform for creators to build games through its game builder and creator program. This initiative simplifies the game development process, fosters community engagement, and promotes a creative ecosystem for blockchain gaming.
$DUEL serves as the utility token within the GameGPT ecosystem and has multiple functions. It facilitates community voting on various proposals. The token is used for in-game utilities across six launched games. It also enables transactions within GameGPT’s digital asset and NFT marketplace. $DUEL holders can stake their tokens for rewards and participate in revenue sharing.
Through its $DUEL token, GameGPT is at the forefront of merging artificial intelligence with blockchain gaming. Its focus on AI-driven tools and experiences aims to redefine how games are created, distributed, and played within the crypto space. As the platform continues to evolve, it may offer more immersive and engaging gaming experiences, underscoring the potential for significant growth in the intersection of AI, gaming, and blockchain technology.
The $DUEL token price has been in an uptrend for the past few months, and significant price jumps have been seen. The token has seen 5x growth from $0.005 in February 2024 to hitting a yearly high of $0.03 recently. The token price has slid recently and dropped to 30% in the last seven days. Currently, the $DUEL token is trading at $0.021, where the price is still 200% up yearly. With all the offerings, the AI token stands at the leading position and is poised to achieve newer highs in the coming months.
$DUEL has seen significant price action since its inception, marking a considerable gain from its all-time low to a peak, followed by adjustments in its market value. This volatility reflects the speculative nature of cryptocurrency investments and highlights the growing interest in GameGPT’s innovative gaming model.
The Graph ($GRT)
The Graph is a decentralized protocol for indexing and querying data from blockchains, starting with Ethereum. It allows developers to build and publish various APIs, known as subgraphs, which can be queried to retrieve blockchain data efficiently. This technology is vital for the development of decentralized applications (DApps), especially in the fields of decentralized finance (DeFi) and non-fungible tokens (NFTs), by making blockchain data easily accessible and usable.
The Graph aims to facilitate the rapid creation and development of DApps by offering a streamlined interface for accessing and querying blockchain data. It has become a crucial component of many DeFi projects, enhancing their ability to access on-chain data. Furthermore, The Graph supports the creation and development of NFT marketplaces and apps by simplifying developers’ access to blockchain data necessary for these applications.
The native token $GRT is an ERC-20 token that plays a central role in the ecosystem. It is used for various purposes, including incentivizing Indexers, Curators, and Delegates who contribute to the network. These participants ensure The Graph’s decentralized protocol’s economic security and data integrity. $GRT tokens are staked as part of the network’s security mechanism and as a means for participants to earn rewards for their contributions to the system.
At present, the $GRT token is trading at $0.32, following a slight drop of 2% today. For the past few weeks, the $GRT token price has been sliding after attaining the yearly high of $0.44. The token is more than 100% up in the annual time frame, and since the AI crypto narrative is red hot, $GRT has all the capabilities to monetize the opportunity and see fresh trading price highs.
