Although the artificial intelligence (AI) hype seems to be slowing down, cryptocurrencies specializing in this field are still exceptionally popular, as reflected in their price performance and market capitalization, which, for some of them, already amounts to billions.
In this context, Finbold has analyzed the cryptoverse to identify three well-performing and prominent AI crypto assets that have a strong chance to continue growing both their price and market value, and reach the $10 billion market cap sometime in 2025, for various reasons.
Render market cap 7-day chart. Source: CoinMarketCap
#2 Fetch.ai (FET/ASI)
With the recent beginning of a merger with Ocean Protocol (OCEAN) and SingularityNET (AGIX) to create the Artificial Superintelligence Alliance (ASI), Fetch.ai (FET) is recording increased search interest, and the new token, as part of this project, had the combined value of $7.5 billion at the time of the signing.
In Phase I, SingularityNET's $AGIX and Ocean Protocol's $OCEAN tokens will merge into $FET, then transition to $ASI. FET trading remains uninterrupted as the project rebrands to Artificial Superintelligence Alliance across platforms like @CoinMarketCap and @coingecko.
— Fetch.ai (@Fetch_ai) June 26, 2024Specifically, FET alone values at $2.1 billion, indicating a 2.32% drop in the last 24 hours, in addition to declining 1.51% across the previous seven days and accumulating a drop of 28.93% on its monthly chart but gaining 313.80% in the past 12 months, trading at $0.84, as per the latest information.
Fetch.ai market cap 7-day chart. Source: CoinMarketCap
#3 Bittensor (TAO)
Finally, Bittensor (TAO) is one of the altcoins that crypto trading expert Michaël van de Poppe recently recommended for solid returns on investment (ROI) following the recent crash across financial markets, referring to TAO as a “super strong asset” that could gain “another five to 10x from here.”
TAO price performance analysis. Source: Michaël van de Poppe
For the moment, TAO’s market cap is $1.99 billion, having declined 5.26% on its daily chart but, nonetheless, advancing 8% across the past week, adding up to a monthly increase of 11.32% in the last month, and a yearly gain of 321.84%, priced $276.54, as per information retrieved from CoinMarketCap on August 13.
Bittensor market cap 7-day chart. Source: CoinMarketCap
Conclusion
Ultimately, the above AI cryptocurrencies have strong foundations to continue growing their market cap, but things in the crypto market can sometimes change on a whim, so doing one’s due diligence, carefully exploring the assets and weighing the risks, is important when investing.
Disclaimer: The content on this site should not be considered investment advice. Investing is speculative. When investing, your capital is at risk.
