The artificial intelligence (AI) industry has grown exponentially in the past several years and the technology is now on the verge of reshaping the planet. AI cryptocurrency projects enjoyed considerable growth in 2023, and some analysts expect these platforms to enjoy the most growth in 2024, despite Bitcoin’s (BTC) expected price surge.
Wondering what cryptos to buy now? This article will go over the top five AI cryptos that will likely bring in exponential returns this year and beyond.
The best 5 AI altcoins to invest in right now
Without further ado, let’s jump right into our list of the top AI-focused altcoins investors should consider buying up today to earn substantial profits by the end of the year:
1. InQubeta (QUBE)
InQubeta (QUBE) is a new DeFi project that seeks to provide an alternative to mainstream investment firms and their stringent requirements. It intends to use its decentralized finance ecosystem to give global investors easy access to AI investment opportunities.
Its ecosystem is hosted on the Ethereum (ETH) network, which allows it to share its security and functionality.
Artificial intelligence startups obtain funding by selling ERC20 coins that symbolize equity or rewards-based investment opportunities. Investors use QUBE, the blockchain’s native currency and governance token, to buy these tokens, which entitles them to the rewards they offer.
QUBE currently sells for $0.0224, but tokens could be valued at more than $1 by the end of 2024. This means a $400 investment today could be worth more than $17,000 by the end of the year.
2. Fetch.ai (FET)
Fetch.ai democratizes access to large datasets with its automated bots called digital twins. These bots interact with other bots on behalf of their users and bargain on transactions based on set parameters. These bots are expected to have a massive impact on the online retail space in the coming years, which should drive FET prices up exponentially.
FET price went from $0.22 to $0.77 during the last three months of 2023, making it one of the best altcoins to invest in.
3. Render (RNDR)
RNDR has delivered 189% returns to its investors in the past 12 months, and many expect it to deliver similar profits this year as its user base expands. Render connects miners with computing power with people and companies that need more processing power like studios. It allows miners to monetize their unused processing power.
4. Injective (INJ)
INJ saw more growth than most top crypto coins in 2023, delivering over 719% returns to its investors. It’s one of the best DeFi projects around right now and it uses automation to create one of the most versatile decentralized finance platforms in the cryptocurrency space.
Some of the services Injective provides to its users include lending protocols, spot exchanges, prediction models, and derivatives exchanges.
It hosts a decentralized cross-blockchain infrastructure that makes its ecosystem compatible with other top platforms used for decentralized finance like the Ethereum and Solana (SOL) networks.
5. Chainlink (LINK)
Chainlink provides a decentralized protocol that makes it possible for blockchains to extract data from external sources. Its protocol allows for the creation of hybrid contracts that use external data like stock prices as part of their computations. Its ecosystem also serves as a training ground for AI models.
LINK brought its investors 149% returns last year, and some analysts expect it to deliver larger returns this year.
Summary
Look no further than QUBE, RNDR, FET, INJ, and LINK if you’re wondering which cryptos to buy today for long-term profits. QUBE will likely enjoy the most growth in the coming years thanks to its platform opening up AI investments and the $1.5 trillion expected to flow into the artificial intelligence industry.
