AI, or artificial intelligence, is making headlines around the world. The crypto space has also attracted attention with some artificial intelligence coin projects. Thus, the combination of these two new technologies appears before us. AI in crypto could also have an impact on the future of Web3. For now, artificial intelligence makes up only a small part of the crypto market. The combined market cap is just over $2 billion. However, for many there is a lot of potential. Here are the artificial intelligence coin projects to watch out for for analyst Camille Lemmens…
SingularityNet (AGIX) is at the forefront of artificial intelligence coin projects
The first AI coin chosen by the analyst is SingularityNET. “This looks like the best AI coin right now,” the analyst said. It has the best ecosystem and community,” he says. The SingularityNET team wants to create an AGI (Artificial General Intelligence). It comes in a decentralized, democratic and inclusive format. Currently, AI can only solve singular problems. In the future, it should be able to solve all kinds of problems. cryptocoin.com As we have reported, Dr. Ben Goertzel and Dr. David Hanson co-founded this project in 2017. Goertzel is the project’s CEO and chief scientist. He has been dealing with artificial intelligence since the mid-2018s. Later, Hanson founded Hanson Robotics.
Together they built Singularity and the launchpad for Dapps. They are also keen on interoperability. Singularity token AGIX is doing very well, according to the analyst. Over the past year, its price has increased by at least 287 percent. Market cap of $308 million. It has a maximum supply of 2 billion tokens. The total supply is 1.28 billion tokens. 1.21 billion of these are already in circulation.
OraiChain (ORAI) is also attracting attention
OraiChain is an Oracle platform that connects artificial intelligence to smart contracts. This is hard work, as developer languages work with 100 percent accuracy. This contrasts with face recognition, for example. In smart contracts, the code is the law. Face recognition, on the other hand, works with accuracy percentages. So, according to the analyst, being able to use OraiChain in DeFi smart contracts will provide many advantages. In terms of these advantages, the analyst offers the following items:
- AI Oracle: This improves smart contracts. It connects them to AI-driven APIs. This brings new and useful functionality.
- Marketplace: Connects dapps together. For example, it connects face authentication or price predictions.
- AI ecosystem: Allows you to publish and sell your AI services.
- Staking: Staking your ORAI causes you to secure the network and earn rewards.
- Crowdsourcing: Acts as a test portal before releasing an AI service on the mainnet.
- Orai DAO: ORAI token holders can take part in governance.
Orai also offers its own wallet. However, the ORAI token is an ERC-20 token, so other wallets are compatible. Orai is also part of the IBC in the Cosmos ecosystem. Here Keplr is active in his wallet. It is also available as a BEP-20 token. The current ORAI price is $3.59 and its market cap is $18.4 million. Only 5.1 million tokens are in circulation.
Last coin on the list: ChainGPT (CGPT)
ChainGPT is an artificial intelligence-based chatbot that can help you with anything related to crypto or Blockchain. Therefore, it is a useful tool for developers, researchers, crypto enthusiasts, traders, scientists and writers. Some of the things it can do include Blockchain analysis, advanced AI trading, AI-generated news, code annotation, smart contract development, auditing, and AI NFT generator. So, it has many uses. Currently in beta version 1.6.
The CGPT token is also interesting. Free during ChainGPT beta. However, there are also many different priced options when the main version goes live. All payments are made in CGPT, but there is also a burn mechanism. So, it’s a deflationary token. In other words, 50 percent of all revenue will be burned. The other 50 percent will go to token holders. The current price of CPGT is $0.1539. Its market cap is only $13.1 million. The maximum and total supply is 1 billion tokens. There are currently only 86 million tokens in circulation.