The cryptocurrency space continues to hunt for innovation and new technology to expand its global utility. With Oracle CTO Larry Ellison projecting a $100B boom in Artificial Intelligence (AI), investors focus on recently shifting crypto coins poised to ride this wave.
AI-Driven Crypto Coins to Flip $500 to $5M Amid Oracle’s $100B AI Forecast
Larry Ellison, Oracle’s founder and CTO, has projected a $100 billion AI boom, emphasizing the transformative impact of AI on industries across the globe. During Speaking at Oracle’s Monday earnings call, Ellison shared his optimistic view on the growth potential of Artificial Intelligence (AI), stating that “this business is just growing larger and larger.”
He emphasized that the AI race would be heavily competitive and that building cutting-edge AI models is immense and could require an entry margin of $100 Billion. Ellison further revealed that Oracle is developing vast AI infrastructure, including “acres of Nvidia GPU clusters,” to support AI model training.
Probably read it 3 times already .. a mega trend staring at your face .. will disrupt lot of industries… just need cheap and reliable energy. pic.twitter.com/WIKw54q6zS
— Ritesh Jain (@riteshmjn) September 11, 2024
In a recent CNBC interview, Nvidia Jensen Huang also said that the market is on the verge of the Industrial Revolution.
Here are 4 AI-driven to watch:
- Artificial Superintelligence Alliance (FET)
- The Graph (GRT)
- VeChain (VET)
- Numeraire (NMR)
Artificial Superintelligence Alliance (FET)
Artificial Superintelligence Alliance (FET) tops the list of crypto coins that could rally with AI expansion as it closely aligns with the protocol goals to use cases in AI automation, data exchange, and decentralized AI services.
Today, the FET price trades at $1.32, and the alliance contributes to the $3.3 Billion. According to the Santiment data, the Artificial Superintelligence Alliance’s active addresses have witnessed a massive spike to 6042, accentuating the increasing user engagement and investor’s interest in AI-driven crypto coins.
On the contrary, the FET price could crash if buyers lose $1 support.
The Graph (GRT)
The Graph provides decentralized indexing and querying of blockchain data, which is essential for AI applications that rely on vast datasets. As AI scales, the demand for crypto coins like GRT could surge as the Graph’s data infrastructure could grow exponentially.
The GRT price currently trades at $0.14 and remains resilient above strong horizontal support of $0.125. While the market trend stays sideways, the large holders (wallet-holding 1 Million to $10 Million GRT) have accumulated activity since December 2020 to reach a peak of 1 Billion coins.
The buying trend highlights whales’ expectation for a massive reversal in Graph coin.
VeChain (VET)
VeChain (VET) is a blockchain platform designed to enhance supply chain management and business processes through the use of decentralized technologies and AI integration. The Vechain coin currently exchanges hands at $0.22 and boosts a market cap of $1.78 Billion.
Among the crypto coins, the VET price has shown a steady downtrend for the past seven months under the influence of a falling wedge pattern. If the bullish reversal pattern holds, the coin buyers aim for a $0.023 breakout and drive a renewed recovery trend.
Numeraire (NMR)
Numeraire leverages AI and machine learning to crowdsource financial predictions from data scientists worldwide. As Oracle CTO highlights AI advancement, crypto coins like NMR could gain traction, and Numeraire could witness a boost in its accuracy model.
Moreover, the total addresses with NMR are experiencing a slow yet steady rise to the current peak at 36.98K, according to Intotheblock data. This growth signals the increasing user base for Numeraire utility, which should accelerate the coin recovery.
The NMR price currently trades at $14.81 with a 24-hour gain of 1.28%, while the market cap holds at $106.85 Million.
For detailed analysis and prediction, check out our best AI crypto coins article.
Frequently Asked Questions (FAQs)
Oracle CTO Larry Ellison predicts a $100 billion boom in artificial intelligence (AI), emphasizing the transformative potential of AI across industries
VeChain integrates AI technologies to improve transparency and efficiency in supply chain management across industries like healthcare, logistics, and manufacturing
The Graph (GRT) is a decentralized platform that indexes and queries blockchain data, essential for AI applications relying on vast datasets
Sahil Mahadik
Sahil is a dedicated full-time trader with over three years of experience in the financial markets. Armed with a strong grasp of technical analysis, he keeps a vigilant eye on the daily price movements of top assets and indices. Drawn by his fascination with financial instruments, Sahil enthusiastically embraced the emerging realm of cryptocurrency, where he continues to explore opportunities driven by his passion for trading
Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.
Source: https://coingape.com/markets/4-crypto-coins-500-to-5m-oracle-cto-sees-100b-ai/
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