Emerging AI tokens capture market interest amid sector growth
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Amid a surge in the AI cryptocurrency sector, Turbo and Akash Network see significant gains, spotlighting the growing interest in AI-driven tokens like WienerAI and Bittensor.
The crypto-AI narrative is booming and Turbo and Akash have exploded this week, up 101% and 38%, respectively.
However, with the sector gaining pace, this could present a monumental buying opportunity ahead of further gains. So, let’s take a look at the five leading AI coins.
WienerAI
WienerAI is a leading AI coin with high-performance stats. However, it is masked behind the exterior of a playful meme coin, adding a viral outlook that is amassing a strong community.
The token is currently undergoing a presale and has raised $1.4 million so far. WienerAI aims to harness AI technology to deliver a trading bot that offers predictive, instant, and noob-friendly trade execution.
The initiative vies to level the playing field between its users and smart money traders who traditionally have more resources, thus an upper hand.
Indeed, this exciting use case provides unwavering utility, while WienerAI also benefits from the hype-driven virality of meme coins. The project has already established a community of over 7K followers on X and almost 3K members in its Telegram group.
The current WienerAI presale price is $0.000705, but this is set to increase incrementally throughout the campaign, with the next uptick predicted in one day.
To learn more, visit the WienerAI presale website.
Bittensor
Bittensor (TAO) is a technologically advanced AI blockchain with a multi-billion dollar valuation. TAO is seen as a disrupter and frontrunner in the crypto-AI circuit, so analysts have high hopes for its future.
Currently, TAO is trading at $392, down 0.4% today, 1.8% this week, and 38% this month. It holds a $2.6 billion market cap and a $40 million 24-hour trading volume, down 34% today.
Indeed, with other cryptos like Render, Turbo, and Akash soaring this week, Bittensor has lagged behind. However, analysts are optimistic that it will regain pace, and with a 38% discount from one month ago, the upside potential is significant.
“AI coins are hot, and everyone is chasing RNDR. But if you missed RNDR, it’s fine; you can still catch TAO, which has not started,” said Laxman on X today.
Fetch.ai
Fetch.ai is the leading AI crypto for “AI agents.” These are bespoke AI bots hosted on the blockchain that can be integrated into the Internet of Things to facilitate automated communication between devices.
The new concept offers a notable distinction from most other AI projects, which focus more on infrastructure than application-layer innovation.
Currently, FET is trading at $2.3, up 4.8% today, 14.8% this week, and down 9.9% this month.
It holds a $1.9 billion market cap and a $216 million 24-hour trading volume, up 7% today.
Analyst and CoinMarketCap community member Crypto Rand recently listed Fetch.ai as a top AI crypto alongside Render and Bittensor.
Meanwhile, Captain Faibik analyzed its price action and highlighted that it “looks extremely promising” and that there is room for a 150% gain should it break out from its current chart pattern.
iExec RLC
iExec RLC is a lower market cap AI coin that delivers a privacy-focused outlook in the infrastructure and computational power domain.
RLC has seen notable success in recent months. It is currently priced at $3.38, up 9.9% today, 34% this week, down 1% this month, and up 126% this year.
It has enjoyed a strong recovery following the market-wide selloff in April, pumping from lows of $2.28. This represents significant momentum and community interest, laying the way for further growth.
The project holds a $244 million market cap and a $22 million trading volume, up 21% today.
As per its website, the project’s focus on privacy “allows users to grant access to their data without revealing the data itself.”
In a world of high-performance computing and AI, such privacy will only become more crucial, providing iExec RLC with tremendous long-term potential.
NetMind Token
NetMind Token is a newly launched AI cryptocurrency that is causing a stir in the market. Despite its recency, leading crypto analysts are hailing the project, and it boasts one of the most decorated teams of any new crypto.
NetMind Token follows a similar blueprint to other AI infrastructure projects, providing a decentralized network of idle GPUs to train AI and machine learning algorithms.
It is currently priced at $6.79, up 4.75% today, 23.8% this week, and down 33% this month. It holds a $227 million market cap and a $3.1 million 24-hour trading volume.
One of NetMind’s main selling points is its extremely seasoned team, which has expertise in mathematics, statistics, physics, AI, and computer science.
What’s more, analyst Kaduna highlighted that the previous businesses of its founder, Kai Zou, are all “still running successfully,” hinting that NetMind could also see long-term success.
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