2024

Bittensor

Artificial Superintelligence Alliance

The <a href="https://coingape.com/glossary/cryptocurrency/" rel="noopener noreferrer nofollow">cryptocurrency</a> landscape is experiencing a wave of enthusiasm as<a href="https://coingape.com/glossary/artificial-intelligence/" rel="noopener noreferrer nofollow"> AI-based</a> altcoins like Render (RNDR), SingularityNET, Bittensor (TAO), and Fetch.ai (FET) display significant growth potential. These altcoins, known for their advanced AI technologies, are surpassing traditional giants like <a href="https://coingape.com/price/bitcoin/" rel="noopener noreferrer nofollow">Bitcoin</a>, Ethereum, and XRP in 2024. Their unique features and increasing acceptance contribute to their success.&nbsp;
<h2 id="span-style-font-weight-400-1-render-rndr-span">1. Render (RNDR)&nbsp;</h2>
Render (RNDR) is in charge of transforming how digital content is created by utilizing a distributed, GPU-based rendering network. This platform uses OctaneRender to connect individuals requiring rendering services with GPU owners possessing excess capacity.&nbsp;
<figure id="attachment_195749" aria-describedby="caption-attachment-195749" style="width: 100%" class="wp-caption aligncenter"><img decoding="async" class="size-full wp-image-195749" src="https://coingape.com/wp-content/uploads/2024/05/Render-price-chart.png" alt="4 AI-Based Altcoins Outpacing Bitcoin, Ethereum, XRP In 2024" width="685" height="450" srcset="https://coingape.com/wp-content/uploads/2024/05/Render-price-chart.png 685w, https://coingape.com/wp-content/uploads/2024/05/Render-price-chart-300x197.png 300w, https://coingape.com/wp-content/uploads/2024/05/Render-price-chart-150x99.png 150w" sizes="(max-width: 685px) 100vw, 685px">
 <figcaption id="caption-attachment-195749" class="wp-caption-text">
 Render price chart
 </figcaption>
</figure>
This model taps into unused computing resources and creates a new revenue stream for GPU owners. Presently, Render holds the 24th spot on CoinMarketCap, boasting a market cap of approximately $4.15 billion. This substantial valuation underscores the significant impact and adoption of decentralized technologies in the creative industry.
Recently, the <a rel="noopener noreferrer nofollow" href="http://fetch.ai">RNDR price</a> enjoyed a surge, gaining 10% to $10.79 today. This increase is reflective of a broader interest in AI-focused cryptocurrencies, which are currently outperforming major players like Bitcoin, Ethereum, and XRP in the market.
<h2 id="span-style-font-weight-400-2-singularitynet-agix-span">2. SingularityNET (AGIX)</h2>
SingularityNET, a decentralized AI service platform, champions an open-source model to democratize the benefits of artificial intelligence. Through a network of smart contracts, it supports a global AI marketplace designed for widespread access and collective contributions.&nbsp;
The platform’s cryptocurrency, SingularityNET (AGIX), recently observed a 5% increase, which analysts attribute to increased on-chain activity.&nbsp;
Over the last year, the AGIX price has risen sharply by 263% in value, driven by escalating interest in AI-focused digital currencies. Presently, the <a rel="noopener noreferrer nofollow" href="https://coinmarketcap.com/currencies/singularitynet/">AGIX price</a> stands at $1.01, maintaining a bullish pattern on investment charts. This growth coincides with a broader excitement in the AI industry, notably boosted by impressive earnings from AI chip giant Nvidia.
<h2 id="span-style-font-weight-400-3-bittensor-tao-span">3. Bittensor (TAO)</h2>
Bittensor (TAO) is pioneering a transformative approach by integrating blockchain technology with artificial intelligence, reshaping the future of machine learning. This initiative aims to democratize AI development and promote a collaborative and accessible environment.&nbsp;
Recently, the <a rel="noopener noreferrer nofollow" href="https://coinmarketcap.com/currencies/bittensor/">Bittensor price </a>has surged by 17% over the past week, reflecting a surge in investor trust. Currently priced at $437, its market cap has reached $2.93 billion, underscoring its expanding role in the industry.
<h2 id="span-style-font-weight-400-4-fetch-ai-fet-span">4. Fetch.ai (FET)&nbsp;</h2>
Fetch.ai (FET) is revolutionizing the blockchain scene with its innovative machine-learning network. This platform focuses on decentralizing and optimizing online transactions, enhancing user experiences.&nbsp;
The growth of Fetch.ai has captured the attention of investors, particularly those interested in AI-based projects. As a result, Fetch.ai is making artificial intelligence technologies more widely available.
<img decoding="async" class="size-full wp-image-195747" src="https://coingape.com/wp-content/uploads/2024/05/Fetch.ai-price-chart-1.png" alt="4 AI-Based Altcoins Outpacing Bitcoin, Ethereum, XRP In 2024 " width="692" height="452" srcset="https://coingape.com/wp-content/uploads/2024/05/Fetch.ai-price-chart-1.png 692w, https://coingape.com/wp-content/uploads/2024/05/Fetch.ai-price-chart-1-300x196.png 300w, https://coingape.com/wp-content/uploads/2024/05/Fetch.ai-price-chart-1-150x98.png 150w" sizes="(max-width: 692px) 100vw, 692px">
Fetch.ai price chart
Currently, <a rel="noopener noreferrer nofollow" href="http://fetch.ai">Fetch.ai</a> is priced at $2.43, witnessing a 2.49% increase, suggesting a bullish market trend. Over the past week, FET’s value has climbed by over 24%, elevating its market capitalization to $2.9 billion and placing it 51st in global rankings. Over the last year, FET has seen a remarkable 540% increase, outperforming major cryptocurrencies like Bitcoin, Ethereum, and XRP in 2024.
<h2 id="span-style-font-weight-400-bottom-line-span">Bottom Line</h2>
Render, SingularityNET, Bittensor, and Fetch.ai are setting the pace in the cryptocurrency market. With their AI-driven platforms, they provide a fresh investment avenue, diverging from traditional giants like Bitcoin, Ethereum, and XRP.
The post <a href="https://coingape.com/markets/4-ai-based-altcoins-outpacing-bitcoin-ethereum-xrp-in-2024/" rel="noopener noreferrer nofollow">4 AI-Based Altcoins Outpacing Bitcoin, Ethereum, XRP In 2024</a> appeared first on <a href="https://coingape.com" rel="noopener noreferrer nofollow">CoinGape</a>.

4 AI-Based Altcoins Outpacing Bitcoin, Ethereum, XRP In 2024

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