6 Best AI Crypto Coins to Buy in 2023

Artificial intelligence (AI) technology has captured everyone’s attention recently thanks to the stunning success of OpenAI’s ChatGPT chatbot. Stock market investors are already looking to capitalize on demand for AI, but they are not alone.

Cryptocurrency investors are also on the lookout for AI crypto projects that could benefit from the growth of the AI sector. In this article, we’ll highlight the best AI crypto coins to explore if you think there’s a lot of potential in the intersection of AI and crypto. 

The best AI crypto coins to buy in 2023

Let’s get started with our list of the best AI coins to buy in 2023. Before we proceed, you should keep in mind that investing in cryptocurrencies is very risky, and you shouldn’t invest more than you can afford to lose. This is especially true when it comes to crypto AI projects, which tend to be even more speculative than top coins like Bitcoin and Ethereum.

Render Token – Decentralized GPU rendering solutions

Render Network is a project that provides decentralized GPU (graphics processing unit) rendering solutions. The network connects users who require rendering services with users who have idle GPUs. This results in users having easier access to GPU rendering, while owners can use hardware which would otherwise be idle to earn. 

While the Render Network project is not explicitly focused on AI, it could benefit growing demand for AI. Leading AI technologies like ChatGPT require a large amount of GPU computing power, which Render Network can “crowdsource”. For example Render Network can already be used to generate images using the Stable Diffusion deep learning model. 

Stable Diffusion is LIVE on the #RNDR site! ?@ProTharan‘s awesome thread shows you how you can give it a try!

This is definitely a game-changer for the way AI technology will be used and deployed in the coming years! @RenderToken & @StabilityAI ? https://t.co/ytHk7jth9M

— Render Network | RNDR (@RenderToken) April 17, 2023

Render Token has been a very strong performer in recent months, and it’s probably no coincidence that the RNDR price began rallying hard in January 2023, when the ChatGPT-fueled enthusiasm for AI truly began taking off.

So far, the RNDR token is up a whopping 560% on a year-to-date basis. In fact, RNDR is the second best performer in the cryptocurrency top 100 in this time period. If you’re interested in how RNDR could perform in the future, make sure to check out our Render Token price prediction.

Fetch.ai – Blockchain platform for multi-agent systems

Fetch.ai is a blockchain-powered project that’s creating a platform for multi-agent systems. For example, their CoLearn platform makes it possible for different stakeholders to contribute to a shared machine learning model while respecting data privacy. 

The Fetch.ai platform automates the process of autonomous agents finding and interacting with each other. Any agreements reached between them are recorded on the Fetch.ai blockchain, which uses FET as the native asset for payments and transaction fees. 

Recently, the Fetch.ai team announced that they are working on trading tools for decentralized crypto exchanges. The tools will allow users to specify trading strategies which will then be executed by AI-powered agents. 

Fetch.ai is one of the earliest blockchain projects to place artificial intelligence at the forefront of their efforts. The Fetch.ai project was introduced to the public in early 2019, when it conducted the FET token sale through the Binance Launchpad platform. 

Fetch.ai has established itself as one of the best AI crypto projects, and its ecosystem has a wide range of products across sectors like social media, the automotive and mobility industries, supply chain management and more.

If you’re interested in what could happen to the FET price in the future, have a look at our Fetch.ai price prediction.

SingularityNET – Marketplace for AI algorithms

SingularityNET is a project that’s building out a decentralized AI marketplace with the help of blockchain technology. SingularityNET is also working on an AI Domain-Specific Language (DSL), which would allow AI agents to efficiently communicate with other AI agents.

Using SingularityNET’s marketplace, providers can publish artificial intelligence algorithms. The SingularityNET marketplace features algorithms that perform automatic code generation, grammar correction, speech synthesis, speech recognition and more.

The economic model of SingularityNET is powered by the blockchain’s native token AGIX. AGIX is currently the 4th biggest token in the AI crypto sector, and has a market capitalization of about $328 million at the time of writing. However, its market cap could increase significantly in the next year according to the SingularityNET price prediction.

The token has been a strong performer this year, benefiting from the attention ChatGPT’s meteoric rise has brought to the AI space as a whole. The token is currently up a whopping 472% against the US dollar since the start of the year.

iExec RLC – Decentralized marketplace for computing resources

iExec RLC is a blockchain-based project that aims to disrupt the cloud computing industry by creating a decentralized marketplace for computing resources. The project utilizes blockchain technology to enable users to buy, sell, and trade computational power, data, and applications securely and efficiently.

At its core, iExec RLC focuses on providing a decentralized infrastructure where individuals and organizations can share their idle computing resources. This approach not only maximizes resource utilization but also allows users to monetize their unused processing power. By harnessing the power of the blockchain, iExec RLC ensures transparency, security, and reliability in the marketplace.

iExec’s solution enables the monetization of AI assets. At the same time, the creators of these assets can retain ownership and keep valuable information confidential. Thanks to confidential computing, a machine can run an AI model without its administrator being able to access the code that is running. Notably, the iExec project is a member of the AI Builder Program by Intel.

Ocean Protocol – Decentralized marketplace for data

Ocean Protocol is a blockchain project that’s creating a decentralized marketplace for data. On the Ocean Market marketplace, which is described as a DEX optimized for data, ERC-721 and ERC-20 token standards are used to publish data.

Data on the Ocean Protocol marketplace can be used to train AI and machine learning models. The project has been running a series of challenges where users compete against each other to predict the future price of ETH as accurately as possible.  

Ocean Protocol’s native token OCEAN has seen a solid rally this year, although it hasn’t outperformed the rest of the crypto market as decisively as RNDR and AGIX. Still, Ocean Protocol is one of the biggest crypto and blockchain platform that has a clear application in a world where AI is becoming increasingly important.

As for future price scenarios, our Ocean Protocol price prediction could have some hints about where OCEAN is likely to head next.

The bottom line

Cryptocurrency and blockchain projects related to AI have seen a surge in momentum this year thanks to the success of ChatGPT. 

However, the amount of credible crypto projects that are involved in the AI sector is still fairly small, and most of the projects we’ve featured in this article have a relatively small market cap (Render Token is by far the biggest, with a market cap of $980 million). New AI crypto projects are entering the market on an almost daily basis, but they have yet to demonstrate that they have staying power and a sustainable economic model. 

Depending on your perspective, this could mean that many AI-related crypto projects are still undervalued. On the other hand, it’s possible that there just isn’t a lot of demand at the moment for the platforms and services developed by such projects, despite AI having a breakthrough year.