Three (3) Best AI Tokens For 20X Return In 2024

The trend of combining artificial intelligence (AI) and cryptocurrency revolves around the quest to invest, innovate, and interact with digital assets. This transformation is critical and necessary for predictions that humans can’t match. This revolution is to ensure that financial decisions toward the bright future of the cryptocurrency market are not jeopardized. 

The total market value of AI tokens and its related crypto projection continues to increase astronomically ranging from $2.7 billion to $26.4 billion within a year up to February 2024. This is an indication that the market value of AI tokens is not declining anytime soon. According to investment manager VanEck, the revenue projection of the AI token market could reach $10.2 billion by 2030 and cap around $51 billion in the best scenario.

So many AI tokens are competing to be in the limelight and sometimes identifying the best AI tokens to invest in is cumbersome. Among the numerous AI tokens, let’s focus on some of the best newly emerging ones for financial decision-making in the future.

  1. Bittensor (TAO)

Bittensor is a decentralized AI neural network that seeks to ignite a non-restrictive, collaborative, and lucrative ecosystem for training and deploying AI models. Its goal is to ensure mutual AI development by making it open for anyone to contribute computing power and data to train AI models and resultantly earn rewards in the form of the TAO token.

Bittensor is a revolutionizing machine learning (ML) in a decentralized, peer-to-peer (P2P) marketplace for AI intelligence, ensuring knowledge sharing and improvement in growth. Bittensor is also a universally accessible network as it uses Blockchain technology and incentives for its training and deployment of AI models.

TAO token is currently ranked 48 in the coin market capitalization with a market value and volume of $2.08 billion and $47.52 million respectively. It’s thus categorized under mid-capitalization.

Reasons to invest in Bittensor (TAO) token

There are many reasons to influence your decision to invest in Bittensor also known as the TAO token but let’s focus on the cogent ones;

  • Incentivise participants.

Bittensor rewards participation by providing financial gains to those who provide the AI models and those actively putting their computers to work. This active network with inbuilt incentives increases demand for TAO thereby ensuring its potential price appreciation in the long term.

  • Changing the narrative of AI development.

Bittensor makes it easier for micro teams and different individuals to contribute to AI innovation. Individuals with diverse minds who are building unique AI models ensure the availability of a wider range of solutions, thereby increasing the market share and value of TAO.

  • The marketplace for AI.

Bittensor is a decentralized lucrative marketplace for AI models where individuals engage in the business of buying and selling of machine learning models. As many businesses are now in need of AI solutions to soar higher, demand for Bittensor platforms and the TAO token could increase which will result in an increase price of the TAO token.

  1. Injective Protocol (INJ)

Injection is a layer 1 Blockchain that enables users to establish finance-oriented decentralized applications (DeFi/dApps) for Web3. 

Injective leverages AI and incorporates effective and efficient performance on decentralized exchange (DEX) infrastructure, bridges, oracles, and smart contract layer, by providing a complex finance dApp development kit. 

It also makes use of the PoS consensus mechanism for efficiency and scalability and thus reduces energy consumption which makes it a lucrative choice for traders. 

Injective ensures classic token derivatives, swaps, margin trading, and forex futures trading across many Blockchains like Ethereum, Cosmos, and Solana, which allows interoperability. Injective Protocol is highly exceptional for its cross-chain capabilities.

INJ facilitates global trades without any restriction and offers staking opportunities for passive returns. Injective is currently ranked 41st in the coin market capitalization with a market value and volume of $2.43 billion and $188.96 million respectively.

Reasons to consider investing in INJ

  • It allows interoperability.

INJ is a cross-chain potentially in that it allows trading across different Blockchains. As the crypto world is becoming more interconnected, being able to exchange or swap tokens between networks is a necessity, hence putting INJ in a better position for growth.

  • Success in staking.

INJ holders can earn by staking their tokens to enable them to secure their network. It thus increases network usage and as the network usage increases, it reduces available supply. As the supply of the token reduces it increases the price making it more lucrative for participants of the model 

  • It serves as the Gateway to Decentralized Finance (DeFi).

INJ protocol ensures fast, secure, and user-friendly decentralized exchanges (DEXs). As DeFi continues to become more popular, Injective could become a highly visited platform, which would increase demand for INJ tokens.

  1. Render Token (RNDR).

Render Token is exceptional because it leverages Blockchain technology and graphics processing unit (GPU) to create a clear, decentralized marketplace to incentivize GPU providers, ensuring fair remuneration. 

Render Token, which was founded in 2016 is ranked 29th on the coins market with a market capitalization of $3.12 billion as mid-capitalization and a volume of $153.56 million. It provides solutions to meet the increasing demand for 3D graphics across markets in various industries such as gaming, NFT art, metaverse development, architecture, animation, and interior design. 

Render Token connects users who need render jobs with those with idle GPUs which makes it more accessible and cost effective. Render Token also integrates with Apple specifically through octane, ensuring other options for more users to use the network for graphics processing needs which further ensures its uniqueness and utilization.

Reasons to consider investing in Render Token (RNDR)

  • It provides a faster network facility.

Render solves a real problem since rendering is expensive and time-consuming. Render network offers faster and affordable solutions which positions its demands to increase astronomically and thus increases the price value of the RNDR tokens.

  • Reward for facility utilization.

Render Token holders can use it to earn rewards by renting out their computing power to the network. This thus attracts more users to the Renders community and as such increases network participation which resultantly increases the demand and thus increases the price in the long run.

  • Advancing the creator economy.

Render participants who have spare computing power use the network to connect with people who need quality visuals for 3D models, animation, and special effects.

The price of the RNDR network could increase as the demand for high-quality visuals continues to increase. 

 

 

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