Introducing the best digital currencies in the field of artificial intelligence
The artificial intelligence market is hot these days, and this has also affected some digital currencies. In this article, we are going to review AI Crypto or digital currencies related to the field of artificial intelligence and introduce you to the best digital currencies in the field of artificial intelligence, so if you want to know about these digital currencies ( what is digital currency? ) to learn more, stay with us until the end of this article.
What is artificial intelligence digital currency (AI Crypto)?
Artificial intelligence digital currencies (AI Crypto) are digital currencies that strengthen blockchain projects in the field of artificial intelligence. Due to the flexibility of artificial intelligence, these projects are offered in various fields such as blockchain games, Web 3, decentralized exchanges, etc.
These days, when the fever of AI projects has increased, many projects have taken this opportunity and introduced themselves as a project in the field of artificial intelligence by adding an AI extension. In this situation, many Iranian and foreign sites list these digital currencies without checking and causing losses to investors. In the table below, you can see the list of the best artificial intelligence currencies from the point of view of new money; of course, this does not mean that these digital currencies are risk-free.
It should be noted that the crypto market is one of the riskiest markets, and you should be careful.
| The name of the token | Rank on CoinMarketCap | Reason for selection | |
| The Graph Project | GRT | 44 | The graph is one of the biggest projects in the field of information processing, a part of which is done by artificial intelligence. |
| Singularity Net (SingularityNET) | AGIX | 115 | This project is considered a market for selling artificial intelligence tools + it has a strong and experienced team in the field of artificial intelligence. |
| ChainGPT project | CGPT | 879 | A project that is really using artificial intelligence to solve the needs of users |
| Numeraire project | NMR | 267 | Using artificial intelligence to make transactions in financial markets |
| Project Fetch | FET | 152 | Academic and strong team |
These projects all use artificial intelligence in some way, or in other words; these projects are crypto AI in the real sense. A point to note is that information gathering and artificial intelligence are intertwined; that’s why on the Coin Market Cap site, the field of AI is shared with the field of Big Data. In the next section, we will talk about the best artificial intelligence cryptocurrencies from the perspective of CoinMarketCap.
1- The Graph project and GRT digital currency
The graph project and the digital currency Graph with the symbol GRT are considered one of the digital currencies in the field of artificial intelligence; Graph is a protocol for building an index and indexing various data in blockchain networks such as the Ethereum network and the IPFS storage network. People can extract, process, and share this information with the help of APIs called subgraphs. In a way, Graph can be classified as an active project in the field of information processing that uses artificial intelligence for this work.
According to the graph developer team, with the help of more than 3000 subgraphs created by developers around the world, this project extracts and processes the information of many decentralized programs such as Balancer, Uniswap exchange, etc.
The maximum number of graph tokens is 10 billion GRT tokens, of which approximately 8.8 billion tokens are in circulation. According to the current price of GRT, the market value (market cap) of this token is equal to 1.55 billion dollars. With the growth of AI currencies in recent weeks, Graph Buy (GRT) has also gained significant volume.
2- Injective project and INJ digital currencies
The injective project is a layer one blockchain created by Injective Lab. This blockchain layer 1 uses the consensus method of proof of stake or POS. Injective digital currency with the symbol INJ is the local token of this blockchain, which can be used to pay for transactions and participate in ecosystem decisions. Every week some of the received fees are burned in this blockchain.
If we want to look at this project fairly, this project is wrongly placed in the artificial intelligence currency section of the Coin Market Cap website. This project is perhaps a popular project in the discussion of layer one blockchains, But it should not be included in this category.
3- Render token project and RNDR digital currencies
The rendering token project can be considered an interesting project in the discussion of information processing. The render token was created by Jules Orbash in 2017. This project helps people who cannot process heavy information. People can speed up the data rendering process with the help of this project.
Maybe you can tell yourself why this project is on the list of artificial intelligence digital currencies on the Coin Market Cap site. The Render project can be placed in the Big Data and information processing section, and as previously stated, the field of Big Data and AI are very close together.
4- Oasis Network project and ROSE digital currency
The Oasis network is a layer one blockchain that aims to protect privacy and increase the power of the blockchain network. Borrowing Cos developed the Oasis network. In the Oasis network, users need to use the ROSE token to pay fees, participate in ecosystem voting, and participate in consensus.
The Oasis Network project and ROSE digital currency, just like Injective, is considered a layer one blockchain, which is mistakenly placed in the artificial intelligence tokens section of the Coin Market Cap site.
5- Ocean Protocol project and OCEAN digital currency
Ocean Protocol is also one protocol that uses artificial intelligence in its project. Ocean Protocol is a marketplace for selling data where people can sell certain information without fear and trustless.
In Ocean Protocol, companies, organizations, and even individuals can create a market to sell information. Suppose there is a market where electrical professionals can view, buy or sell certain information and data, this market is in the blockchain space, and people can have full control over their information. This means they can check who bought the key to access their data.
Data owners give AI access to their data, and people can get the keys to use that data by paying a fee. To protect privacy, the buyer is not given access to the data but is allowed to use the artificial intelligence that uses this data.
In addition, the information is not stored in the blockchain; only the key to access the information will be stored in the blockchain. Users will be allowed to use these keys by paying a fee.
Ocean digital currency with the symbol OCEAN is an ERC-20 token that is used as a means of payment within the Ocean protocol. The total number of OCEAN tokens is equal to 1.41 billion tokens, of which 613 million units are in circulation. Buying Ocean digital currency is currently possible through the New Money exchange.
6- Singularity Net project and AGIX digital currency
Another blockchain project that uses artificial intelligence technology is the Singularity Net project, which has made a lot of noise in recent days and plans to combine the world of blockchain with the world of artificial intelligence .
The SingularityNET project is built on the blockchain and the Cardano network, and its main goal is to create a platform for artificial intelligence projects to connect with each other. It might be interesting for you to know that the SingularityNET development team already has the experience of collaborating on the creation of an artificial intelligence robot called Sophia. Watch the video introducing Singularity in Sofia’s language!
The token of the Singularity Net project is called AGIX, and the fees for all activities in this project are paid with this token. The maximum number of AGIX tokens is 2 billion, and the number of circulating tokens is 1.2 billion. You can easily buy AGIX tokens through the New Money exchange.
7- ChainGPT project and CGPT digital currency
The ChainGPT project and the CGPT digital currency can be considered one of the best digital currencies in the field of artificial intelligence. This project can do many things in the field of crypto. Among the most important of these activities, the following can be mentioned.
Answer people’s crypto questions, write a smart contract, create a trading robot, check crypto news, analyze and predict the price of digital currencies, and…
8- Numeraire project and NMR digital currency
The Numray platform is building a framework to use artificial intelligence and machine learning to create trading methods in financial markets. The NMR currency can be considered one of the best digital currencies in the field of artificial intelligence, the total number of tokens of which is equal to 11 million, and the number of tokens in the circulation of this project is equal to 5.8 million tokens. You can read more information about this project on the Numeraire website.
9- Fetch project and FET digital currency
If we want to list the best digital currencies in the field of artificial intelligence or AI, Crypto, Fetch, and FET digital currency will be in this list. The Artificial Intelligence Laboratory created the Fetch project at the University of Cambridge, whose main goal is to create a decentralized infrastructure based on artificial intelligence and machine learning.
FET digital currency is the token of the Fetch project, which every user needs to perform any activity in this project. The total number of FET tokens is approximately 3.4 billion, of which 818 million units are in circulation.
The best digital currencies of artificial intelligence from the point of view of CoinMarketCap
As stated in the previous section, the fields of Big Data and AI are expressed together. The projects that work in the field of information collection are a kind of infrastructure of artificial intelligence projects. The table below shows the list of the top artificial intelligence currencies in terms of market cap.
| The name of the token | Market cap | Rank on CoinMarketCap | |
| The Graph | GRT | 1 billion dollars | 44 |
| Injective | INJ | 670 million dollars | 61 |
| Render | RNDR | 661 million dollars | 62 |
| Oasis Network | ROSE | 280 million dollars | 109 |
| SingularityNET | AGIX | 269 million dollars | 115 |
| Ocean Protocol | OCEAN | 215 million dollars | 135 |
| Fetch.ai | FET | 172 million dollars | 152 |
If you compare the two graphs, you will notice that there are several common projects among them; the reason for these commonalities is that we at New Money Exchange tried to have a high volume of transactions in the list that we present to you. Reduce the risk of transactions a little. It should be noted that the cryptocurrency market is always considered a high-risk market. The big players in this market (Bitcoin and Ethereum) also have a high risk, let alone currencies with a small amount of liquidity. All these explanations were given so that you try to consider liquidity in your investments in addition to checking all the fundamental, technical, and… parameters.
What artificial intelligence projects should we avoid?
As stated in the previous sections, many projects intend to deceive investors by putting an extension in front of their project name in order to take advantage of the AI Crypto trend. Considering this issue, if you intend to invest in digital currencies of artificial intelligence, be sure to pay attention to the following points.
- Does this project use artificial intelligence?
- Does the use of artificial intelligence in the project solve a problem?
- What is the purpose of using artificial intelligence in this project?
- And…
If you cannot answer the above questions logically in a project, that project is not considered an AI Crypto. For example, for the Injective project, giving a suitable answer to the above questions is impossible. This project can be examined in the field of layer one blockchains, But it will not be included in the list of artificial intelligence coins.
So is another project like ArbDoge AI, which carries the suffix AI. Considering this project as a meme coin is possible, But it will not be on the list of artificial intelligence coins.
Are artificial intelligence digital currencies suitable for investment?
Due to the trend of this field in the past months and the strong growth of these coins, all the market players are looking at these projects. So, if you intend to invest in the market for a long time, it is better to allocate a part of your investment portfolio to artificial intelligence tokens.
You should note that the crypto market is very volatile, so you should arrange your investment portfolio in a way that has the least risk.
question and answer
What is artificial intelligence digital currency (AI Crypto)?
Projects and digital currencies that are active in the field of artificial intelligence or a part of their activity is done with artificial intelligence are called artificial intelligence digital currency or AI Crypto.
What are the best artificial intelligence currencies for investment?
- The Graph Project
- Singularity Net (SingularityNET)
- ChainGPT project
- Numeraire project
- Project Fetch
Conclusion
Artificial intelligence can create a revolution in the world; for this reason, in this article, we tried to talk about the combination of blockchain with artificial intelligence. In today’s article, we reviewed AI Crypto, digital currencies in the field of artificial intelligence, and introduced the best digital currencies of artificial intelligence.
We hope you have benefited from this article. This article is the continuation of the series of articles introducing the best digital currencies in 2023.
