Top 5 AI Cryptocurrencies to Invest in Next Altcoin Season in 2024

adminApril 13, 2024

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Artificial intelligence (AI) is driving a global shift from traditional to digital methods, changing the way we approach and execute work. Cryptocurrencies are deeply involved in these technological advancements, incorporating innovations such as IoT and blockchain technology.

AI cryptocurrency coins, which leverage artificial intelligence to improve user experience, scalability, and security across blockchain networks, are demonstrating their far-reaching impact. This article highlights the top five AI cryptocurrency projects that are reshaping the market.

Internet Computer (ICP)

The Internet Computer Protocol revolutionizes on-chain activities by supporting unlimited smart contracts for data hosting, computing, user interface, and content.

This enables the creation of tamper-resistant Web3 applications in social media, enterprise infrastructure, gaming, and virtual reality, promoting full-stack decentralization and interoperability across multiple chains.

With a focus on scalability and usability, $ICP develops green technology solutions for Web3 while emphasizing a low carbon footprint. Competing with leading cryptocurrencies, $ICP has also emerged as a Bitcoin Layer-2 solution. Processed over $67 million in transactions.

The native token, $ICP, trades at $13.80 with a market capitalization of $6.39 billion. According to technical indicators, Internet Computer’s 200-day simple moving average (SMA) is expected to increase in the coming months and reach $13.00 by May 12, 2024.

Likewise, Internet Computer’s short-term 50-day SMA is also expected to rise to $23.43 by the same date. Internet Computer’s 14-day relative strength index (RSI) is 46.75, indicating that $ICP is currently in a neutral position.

Near Field Protocol (NEAR)

Near Protocol incentivizes computer networks to provide a foundation for developers to create and deploy decentralized applications (dApps). By using sharding to partition the network infrastructure, allowing nodes to manage only a portion of transactions, it increases efficiency and reduces computing demands.

As a community-driven group, Near Collective continually updates and improves the protocol. The goal is to build a platform that is efficient enough for everyday use by the general public, yet powerful enough to protect high-value assets such as money and identity.

Projects such as Flux, which enables the creation of markets for various assets and events, and Mintbase, an NFT mining platform, are being developed on Near Protocol. The Near protocol’s native token is currently worth $5.71, with a market capitalization of $6.03 billion.

The relative strength index (RSI) is 51.73, indicating a neutral market stance. The price prediction for the $NEAR protocol for next week ranges from a low of $6.05 to a high of $7.72. According to the $NEAR price prediction chart, if the Near protocol hits its upper price target, its value is expected to rise by 27.59%.

5SCAPE

5th Scape is an emerging virtual reality (VR) online gaming ecosystem that provides exclusive access to a variety of gameplay experiences, educational materials, and more.

The venture is led by a group of experts dedicated to developing a comprehensive VR and Augmented Reality (AR) ecosystem that includes cutting-edge hardware, software, and engaging gaming content.

Detailed profiles of CEO Anoj Kumar and other team members can be found on the project website. The 5th Scape platform will feature five unique VR games upon launch. At the center of these plans is $5SCAPE, the native token of the VR and AR ecosystem.

🚀 Stage 5 of the 5th Scape Presale has begun! 🚀
🔥 Jump into the virtual frontier with 5SCAPE, your gateway to limitless experiences. 🌐
🎮 Surreal VR game
🌟 Unlock premium content#Cryptocurrency #5th scenery pic.twitter.com/EFIJ4MgIs4
— 5th Scape (@5th_scape) April 12, 2024

$5SCAPE aims to enhance the intersection of cryptocurrency and virtual reality. Additionally, tokens provide ecosystem participants with the opportunity to enjoy a variety of exciting benefits. 5th Scape is implementing a multi-stage pre-sale strategy that provides ample time for investors to participate in the tokens.

Currently in its fifth pre-sale phase, the project has successfully raised $5.1 million at a price of $0.00327 per token. The total token supply is set at 5.21 billion, with 80% distributed across 12 pre-sale rounds.

The final token price of the pre-sale is expected to be $0.0087, which is advantageous for early investment. For more information, see 5th Scape. X (formerly Twitter) Join our Telegram group. To participate in the $5SCAPE token presale, visit 5thscape.com.

Injection (INJ)

Injective is a layer 1 blockchain designed for building finance-focused dApps within the Web3 ecosystem. It uses AI technology and has an advanced on-chain decentralized exchange (DEX) infrastructure along with bridges, oracles, and smart contract layers, providing a comprehensive toolkit for financial dApp development.

Injective facilitates traditional token swaps, margin trading, and forex futures trading across multiple blockchains. dApps can be integrated with other blockchains such as Ethereum, Cosmos, and Solana to enhance interoperability between chains.

cramming 1 day price graph

As of this writing, the price of $INJ is $26.57, with a 24-hour trading volume of $868.15 million and a market capitalization of $2.48 billion.

According to the current pivot level of $32.35, Injective’s support levels are $31.28, $30.59, the highest level is $29.52, and the resistance levels are $33.04, $34.10, and $34.79.

Render (RNDR)

Render is a utility token that facilitates the exchange of graphics processing unit (GPU) computing power between those who need it and those who can provide it. GPUs are crucial for a variety of tasks, from graphic design, video editing, rendering, and programming to creating life-like effects and scenes.

Render connects artists and studios who want GPU resources with those who want to rent GPU capabilities. $RNDR is an Ethereum-based ERC-20 token designed to streamline the leasing process.

Currently, $RNDR ranks as the third-largest AI token by market capitalization, valued at $3.12 billion, according to CoinMarketCap. The token price has surged 411% over the past 12 months, hitting an all-time high of $13.60 last month.

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