Top 5 AI Cryptocurrencies To Invest In For Next Altcoin Season 2024

On Apr 12, 2024

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Artificial Intelligence (AI) is driving the global shift from traditional methods to digital practices, transforming how we approach and execute tasks. Cryptocurrency is deeply involved in this technological progress, incorporating innovations such as IoT and blockchain technology.

AI crypto coins, which utilize artificial intelligence to enhance user experiences, scalability, and security across blockchain networks, are showcasing their broad impact. This article highlights the top five AI crypto projects reshaping the market.

Internet Computer (ICP)

The Internet Computer Protocol revolutionizes on-chain activities by supporting limitless smart contracts for data hosting, computing, user interfaces, and content.

It enables the creation of tamper-proof Web3 applications in social media, enterprise infrastructure, gaming, and virtual reality, promoting full-stack decentralization and interoperability across multiple chains.

With a focus on scalability and utility, $ICP emphasizes a low-carbon footprint while developing greentech solutions for Web3. Competing with leading cryptocurrencies, $ICP has also emerged as a Bitcoin Layer-2 solution. It has processed over $67 million in transactions.

The native token, $ICP, trades at $13.80 with a market capitalization of $6.39 billion. According to technical indicators, the 200-day Simple Moving Average (SMA) of Internet Computer is projected to increase over the next month, reaching $13.00 by May 12, 2024.

Similarly, the short-term 50-Day SMA of Internet Computer is expected to rise to $23.43 by the same date. The 14-day Relative Strength Index (RSI) for Internet Computer stands at 46.75, suggesting that $ICP is presently in a neutral position.

Near Protocol (NEAR)

Near Protocol incentivizes a network of computers to provide a foundation for developers to create and deploy decentralized applications (dApps). It employs sharding to divide the network’s infrastructure, allowing nodes to manage only a segment of the transactions, enhancing efficiency and reducing computing demands.

The Near Collective, a community-driven group, continuously updates and enhances the protocol. The goal is to forge a platform robust enough to secure high-value assets like money or identity while being efficient enough for daily use by the general public.

Projects like Flux, which enables market creation for various assets and events, and Mintbase, an NFT minting platform, are being developed on Near Protocol. Near protocol’s native token is currently valued at $5.71 with a market capitalization of $6.03 billion.

The Relative Strength Index (RSI) stands at 51.73, indicating a neutral market stance. The forecast for $NEAR Protocol’s price next week ranges from a low of $6.05 to a high of $7.72. According to the $NEAR price prediction chart, if Near Protocol hits the upper price target, its value is expected to rise by 27.59%.

5th Scape (5SCAPE)

5th Scape is an emerging Virtual Reality (VR) online gaming ecosystem that grants exclusive access to a variety of gameplay experiences, educational materials, and more.

This venture is spearheaded by a group of experts with a deep commitment to developing a comprehensive VR and Augmented Reality (AR) ecosystem, which includes cutting-edge hardware, software, and captivating gaming content.

Detailed profiles of team members, including CEO Anoj Kumar, can be found on the project’s website. Upon its launch, the 5th Scape platform intends to introduce five unique VR games. Central to these plans is $5SCAPE, the native token of the VR and AR ecosystem.

🚀 5th Scape Presale Stage 5 is Now Live! 🚀
🔥 Dive into the virtual frontier with 5SCAPE – the gateway to limitless experiences. 🌐
🎮 Hyper-Realistic VR Gaming
🌟 Unlock Premium Content#Cryptocurency #5thScape pic.twitter.com/EFIJ4MgIs4
— 5th Scape (@5th_scape) April 12, 2024

$5SCAPE aims to enhance the intersection of cryptocurrency and virtual reality. Moreover, the token will offer ecosystem participants the chance to access a range of exciting benefits. 5th Scape is executing a multi-stage presale strategy, providing investors ample time to engage with the token.

Currently in its fifth presale stage, the project has successfully raised $5.1 million, with tokens priced at $0.00327 each. The total token supply is set at 5.21 billion, with 80% distributed over 12 presale rounds.

The final token price in the presale is projected to be $0.0087, making early investment advantageous. For additional details, follow 5th Scape on X (formerly Twitter) and join their Telegram group. To take part in the $5SCAPE token presale visit 5thscape.com.

Injective (INJ)

Injective is a Layer 1 blockchain designed for building finance-focused dApps within the Web3 ecosystem. It employs AI technology and features an advanced on-chain decentralized exchange (DEX) infrastructure, along with bridges, oracles, and a smart contract layer, offering a comprehensive toolkit for finance dApp development.

Injective facilitates traditional token swaps, margin trading, and forex futures trading across multiple blockchains. Its dApps are capable of integrating with other blockchains including Ethereum, Cosmos, and Solana, which bolsters cross-chain interoperability.

At the time of this writing, the price of $INJ stands at $26.57, with a 24-hour trading volume of $868.15 million and a market capitalization of $2.48 billion.

According to the current pivot level of $32.35, Injective has support levels at $31.28, $30.59, and the strongest at $29.52, while the resistance levels are positioned at $33.04, $34.10, and $34.79.

Render (RNDR)

Render is a utility token that facilitates the exchange of graphics processing unit (GPU) computing power between those who need it and those who can supply it. GPUs are crucial for a variety of tasks including graphic design, video editing, rendering, and creating lifelike effects and scenes in programming.

Render connects artists and studios seeking GPU resources with those willing to lease out their GPU capabilities. $RNDR is an Ethereum-based ERC-20 token designed to streamline the rental process.

Currently, $RNDR ranks as the third largest AI token by market capitalization, as per CoinMarketCap, valued at $3.12 billion. The token’s price has surged by 411% over the last 12 months, reaching a recent all-time high of $13.60 in the previous month.

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