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Bitcoin recently hit the $50k level, shifting the focus to alternative cryptocurrencies (altcoins). These promising digital assets are preparing for a big rally, signaling the start of a new altcoin season. It presents an opportunity for new altcoins to rally and achieve new ATHs.
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Analyst Altcoin Daily has explained the potential for AI-focused cryptocurrencies to experience major growth in the coming cycle. With advancements in AI technology occurring regularly, the industry is expected to expand into the trillions over the next decade. Here are the top five AI crypto altcoins for 2024, according to Altcoin Daily:
- Singularity Net: Founded in 2017, Singularity Net aims to create a decentralized platform for AI services. Singularity Net is positioned as a leading decentralized AI marketplace with a respected founder and a vision to develop Artificial General Intelligence (AGI).
- LimeWire: LimeWire, once known as a file-sharing service, has reemerged with a focus on AI-generated music. Leveraging blockchain technology, LimeWire enables artists to maintain control and monetization of their music while using AI to create content.
- Bit Tensor: As one of the largest AI crypto coins, Bit Tensor is revolutionizing machine learning platforms through decentralization. By creating a peer-to-peer market for machine intelligence, Bit Tensor aims to harness the collective intelligence of AI models.
- AIT Protocol: Positioned as the world’s first AI data infrastructure, AIT Protocol bridges the gap between AI and big data industries. By providing web 3 AI solutions and decentralized data collection, AIT Protocol aims to create millions of jobs and revolutionize data processing.
- The Graph: Dubbed as the “Google of blockchains,” The Graph is a web 3 protocol for organizing and accessing blockchain data. With a decentralized approach, The Graph aims to provide fast and easy access to data-heavy blockchains, essential for the growth of AI.
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