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IS IT WORTH INVESTING IN CRYPTOCURRENCIES WITH ARTIFICIAL INTELLIGENCE?

Started by Admin, Mar 20, 2023, 02:54 PM

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Topic keywords [SEO] FETCH.AISINGULARITYNETGRAPH

Admin

The launch of ChatGPT marked the beginning of the latest technological revolution, which, in the words of Bill Gates, was "as massive as the invention of the Internet. Artificial Intelligence is seen as the future, and all technology companies are rushing to get involved. Blockchain technology will also play an important role in the evolution of the use of artificial intelligence, and several crypto projects have been created in this sense.

Three projects in particular have been instrumental in introducing artificial intelligence into blockchain: Fetch ai, SingularityNET and The Graph. Their respective cryptocurrencies could grow significantly thanks to the artificial intelligence bubble. So, let's take a look at what makes each of these artificial intelligence cryptocurrency projects unique to help you decide which one to invest in.

Fetch ai (FET)

Fetch ai is a platform that uses AI to connect smart Internet of Things (IoT) devices with people and other services. The devices in the platform are called autonomous economic agents (AEAs) and are interconnected by an open economic platform (OEF), which serves as the basis for interaction. The OEF is based on artificial intelligence, which analyzes all the collected data and then uses it to find the best solutions.
The value of Fetch ai lies in its potential uses. Many people are wary of sharing their data with large companies. Therefore, Fetch ai can promise anonymity through the use of blockchain technology. In addition, AI-powered peer-to-peer applications using smart contracts may have an advantage over traditional web2 applications due to machine learning.
Although the company was founded in 2017, many investors have only recently become interested in the project, especially the platform's native token, PET. Since the beginning of the year, the value of PET has jumped more than 390%, while the price of bitcoin has risen only 34%.
Whale is particularly interested in PET because WhaleStats reported on Twitter that it was one of the most used smart tokens on Feb. 4. And according to Petch ai's own reports, the platform reached 5 million transactions by Feb. 1.
These numbers indicate that PET has strong support, which could give Fetch ai a boost. Therefore, it is likely that PET's value will continue to rise in the coming weeks. However, it is not the only player in this space, and it faces competition from other AI tokens.

SingularityNET (AGIX)

SingularityNET is a platform for developers of AI applications to share their products and services; essentially, it is a marketplace for developers to connect with users and businesses. There are currently 75 AI services available for purchase on this marketplace today. These include products for a variety of industries, such as finance, medicine, robotics, media, arts and entertainment, and many others that will emerge as AI grows in popularity and development.
To buy any of these products, you'll need the platform's own token, AGIX, which has been a big hit lately. Since the beginning of the year, AGIX has grown more than 880% and reached a market capitalization of more than $500 million. It has also gone from relative obscurity to being in the top 100 on CoinMarketCap and was ranked 81st at the time of publication.
In addition to its passion for AI, SingularityNET already has a very promising working product. This has attracted not only investors, but also significant partners such as Cardano. With such partnerships and an active team that regularly holds online events to discuss the project, SingularityNET should keep investors interested and attract new ones to raise the price of AGIX.

The Graph (GRT)

James Mallarney of YouTube channel InvestAnswers called The Graph "Google in Blockchain. The platform tops this list in terms of market capitalization, with more than $1.4 billion. The network's native token, GRT, has gained 222% over the past year.
As shown in the State of The Graph Q4 2020 report, it was showing tremendous growth long before the AI craze caused by ChatGPT. According to the report, there were 618 active subgraphs in December 2022, a 151% increase over the previous year and a 25% increase over the previous quarter. At the same time, the number of indexers, curators and delegates were also up 33%, 9% and 2%, respectively.
The Graph network is compared to Google because it is also an indexing protocol that aggregates data from the Ethereum blockchain and IPFS for use on other DeFi platforms and in other web applications3 for a decentralized future. In the network, indexers are responsible for storing subgraph data on the chain and processing it, while curators analyze and report which subgraphs are of interest for indexing. Delegators organize GRTs to generate passive income without having to manage nodes, but they participate in management. Read more about cryptocurrency stacking.
As such, one could argue that The Graph is not technically an AI-based crypto project, and he would be right. Nevertheless, it may include AI capabilities in future updates, and is therefore worthy of consideration, especially given the success of GRT.