5 AI-Based Cryptos That Are Worthy As Investment Options In 2024, FET and AGIX Included!

List of AI cryptocurrencies. (Photo; Doc. Bitcoin Exchange Guide)

JAKARTA – AI-based crypto assets have become the newest trend in the crypto world. This type of crypto uses artificial intelligence (AI) and machine learning to improve the performance, security and efficiency of their blockchain networks. AI-based cryptocurrencies also offer innovative solutions for various sectors and industries, such as business, commerce, entertainment and others.

The following is a list of AI cryptos that are worthy of being an investment choice:

1. Fetch.ai

Fetch.ai is a pioneer in combining AI and machine learning with blockchain technology. This platform redefines the automation of business tasks, such as data processing and trading activities. Its digital currency, FET, is essential for facilitating transactions on this advanced network.

Currently, the FET value is around $0.23 (IDR. 3,608.70), down from its peak in September 2021 of around $1.03 (IDR. 16,141.10). Despite these market changes, Fetch.ai remains an important entity in the technology-driven financial services space, combining the power of AI with the power of blockchain. This strategic combination ensures Fetch.ai's position as a leading influence in the modern digital solutions landscape.

2. Matrix AI

Matrix AI Network is a project that stands out in the blockchain world with its team's bold vision and dedication to innovation. This project continues to improve and push the boundaries of possibility. Their journey began with Matrix 1.0, the first AI-optimized blockchain platform.

The platform is designed to overcome common blockchain challenges such as slow transaction speeds, security gaps, complexity, and waste of resources. This platform uses the power of AI to create a functional and reliable public blockchain.

Now in its third iteration, Matrix 3.0, the project is pioneering a unique blend of neuroscience, AI, and blockchain technology—something rare in the blockchain space. This innovative approach involves using EEG or brain signals to create Avatar Intelligence (AvI), a concept that originates from science fiction. They really wanted to recreate the “Matrix” from the movies.

The company envisions a future where human consciousness is integrated into the digital realm. Matrix AI Network is in the first phase of this ambitious journey, with the goal of creating digital avatars in the Metaverse that can perform tasks under user authorization. This opens up a world of possibilities for virtual existence and interaction.

3. SingularityNET (AGIx)

SingularityNET (AGIX) is a platform that is redefining the landscape of AI on blockchain. This platform allows anyone to create, share, and monetize AI services. Users also host internal marketplaces where AI services can be accessed. This ecosystem is powered by its native cryptocurrency, “AGIX”.

This platform is a haven for developers who can make profits from their AI models and solutions without needing to develop complete applications. While also providing resources for other developers to incoIDRorate these AI tools into their own applications.

Currently, AGIX is worth around $0.17 (IDR 2,664.50), a significant change from its peak in January 2018, which was around $1.59 (IDR 24,887.10). These fluctuations highlight the dynamic nature of the crypto market. Especially for an innovative platform like SingularityNET that bridges cutting-edge AI technology with the decentralized ethos of blockchain. The platform further offers a glimpse into the future of AI and crypto integration.

4. Synthetix

Synthetix (SNX), currently priced at $2.65 (IDR 41,531.50), has seen a slight decline of 0.84% in the last 24 hours. This brings its market capitalization to $862.83 million (IDR 13.5 trillion). This year alone, Synthetix has seen a significant price spike, peaking in January 2021 at around $25.79 (IDR 403,760.10).

Synthetix is a platform that allows users to create and trade synthetic assets that track the value of real assets, such as currencies, commodities, stocks, and crypto. The platform uses AI and machine learning to optimize the price and liquidity of synthetic assets. The platform also offers incentives for users who provide liquidity and participate in platform governance.

Synthetix is one of the most promising AI-based crypto projects, as it offers a flexible and efficient solution for accessing various assets on the blockchain. The platform also has the potential to change the way people invest and trade in global markets.

    5. Oasis Network

Oasis Network, powered by its native token ROSE, presents a revolutionary approach to blockchain with a decentralized layer 1 solution. It prioritizes confidentiality and Ethereum compatibility in smart-contracts. This Layer 1 solution enhances the core blockchain protocol for scalability, setting Oasis Network apart in the blockchain arena.

It facilitates confidential and verifiable smart-contracts, offering a privacy-oriented solution with low gas fees. The platform's flexibility and scalability, coupled with user-friendly development features, high staking rewards, and data monetization capabilities, make it an attractive choice for users and developers.