AI technology is rapidly advancing, and there is great potential for its use in a wide range of industries – including the crypto market. Over the past few years, a growing number of crypto projects have emerged that incorporate artificial intelligence in some capacity.
In this guide, we take a closer look at the best AI crypto coins that are leading this growing space in 2023. We have also included an explanation of what AI cryptocurrencies are and why investors might want to add them to their portfolios.
Reviewing the Best AI Crypto Coins for 2023
An increasing number of crypto projects are leveraging the power of AI in order to create digital assets that offer unique features and benefits. Below, we have outlined some of the top AI cryptocurrencies that have the potential to grow big in the future.
1. Meme Kombat – Wager Tokens to Earn Rewards on an AI-Driven Battle Arena and Earn High APYs
The top AI cryptocurrency on our list is Meme Kombat ($MK). This meme cryptocurrency will leverage artificial intelligence (AI) to create a virtual battle arena where meme coins battle against each other.
Users can engage in battles with their favorite avatars and access various modes. You can challenge your friends in a Player vs Player mode and earn rewards by wagering your $MK tokens.
By using AI to generate various battle sequences, Meme Kombat adds a layer of excitement and complexity. By using AI to offer realistic battle images – Meme Kombat looks to develop community engagement.
On the battle arena, tokens can be wagered to determine the outcome of the battle. Furthermore, users can wager tokens on other live battles within this play-to-earn arena. The platform states that the battle arena will be launched in different seasons, each offering multiple avatars and earning opportunities.
The first season of the battle arena will launch by Q3 2023, after the end of the $MK token presale. From a supply of only 120 million tokens, 50% have been allocated for the presale. By the end of the presale round, Meme Kombat wants to raise a hard cap of $10 million. The presale has raised over $730K in only a few weeks.
At the time of writing, $MK is priced at just $0.1667 on presale. The tokens can be purchased with Ethereum (ETH) or Tether (USDT). This community-driven meme token offers 100% of the token supply for investors. 30% will be offered through staking and battle rewards. Token holders can stake $MK and earn APYs (Annual Percentage Yields) as high as 112%.
A further 10% will be offered as community rewards, while the remaining 10% will be allocated for future decentralized exchange listings. To learn more about this cryptocurrency, read the Meme Kombat whitepaper and join the Telegram channel.
Tokens available in presale
USDT, ETH, BNB
2. Launchpad XYZ – Portal Offering One-Stop Shop Access to an Array of Web3 Features
Launchpad XYZ is building its platform to be a one-stop shop for new crypto users and wants to be a driving force behind mass Web3 adoption.
The project, which has only just launched its presale, will offer a huge array of features and insights to help the transition from Web2 to Web3 be as smooth as possible for retail and institutional users.
Those onboarding into crypto can often feel overwhelmed at the technical knowledge and number of dApps needed to navigate through the space.
Launchpad XYZ wants to simplify that process by offering an overview and a portal for the rest of Web3. The platform will include:
- A self-custody Web3 wallet
- Decentralized exchange
- Trading terminal
- Play-to-earn crypro gaming hub
- Metaverse experience library
- Overview of crypto presales and whitelist opportunities
- Fractionalized assets
- Decentralized NFT marketplace
As well as those features, which are fully explained in the Launchpad XYZ whitepaper, the portal is also utilizing artificial intelligence and will use large language models and natural language processing to help users find the next big opportunity in Web3.
The Launchpad XYZ AI will also feature a humanized interface that allows for a chat-like experience, with results shareable across social media.
Native $LPX tokens, which have a variety of uses on the platform, have recently launched in their presale with more than $1.2 million secured within a few weeks.
Tokens currently cost $0.0445 but will increase to $0.07 over ten presale rounds, with a hard cap of $12.5 million and no vesting period. The developers, who are doxxed and KYC-verified, have made 25% of the 1 billion token supply available during the presale. Join the Launchpad XYZ Telegram group for more on the project.
26 April 2023
ETH, USDT, BNB, Card
3. eTukTuk – Sustainable Crypto Setting Up EV Charging Stations, Earn High Staking Rewards
The next cryptocurrency on our list is eTukTuk ($TUK). This new cryptocurrency platform will leverage blockchain technology to offer TukTuk drivers crypto payment options at EV (Electric Vehicle) charging stations.
eTukTuk will focus on building EVSEs (Electric Vehicle Supply Equipment) in the urban and suburban areas of developing countries like Sri Lanka. The platform has observed that most TukTuk vehicles run on ICEs (Internal Combustion Engines) – which contribute to high levels of pollution.
The eTukTuk EVSEs can be used by all zero-emission vehicles and will help reduce air pollution. Furthermore, the EVSEs are being set up with the help of local territory partners, which will help reduce the costs.
$TUK Token holders can access eTukTuk’s charging stations and make payments with the cryptocurrency. For each transaction, the territory partners are also rewarded with a commission.
$TUK token holders can also stake their holdings into power nodes to secure the network and contribute to the project. In return, eTukTuk will repay token holders with passive income. At press time, eTukTuk offers an APY (Annual Percentage Yield) of more than 30,000% to staked token holders.
Currently, $TUK can be purchased for $0.024 per token through the ongoing presale. The presale has already raised over $50K. Read the eTukTuk whitepaper and join the Telegram channel to stay updated with the presale and the latest platform developments.
4. Cogwise – AI Cryptocurrency Set to Increase in Price by 225%, Invest for Trading Insights and Staking Benefits
Cogwise will leverage AI and machine learning tools to create a premium model of blockchain and crypto-based services. Everything from trading insights to crypto wallet tracking will be accessible by joining the Cogwsie ecosystem.
To access all these features, users must hold $COGW – the native cryptocurrency. Staking 10,000 $COGW tokens gives one access to all the premium AI model features. This includes an AI-powered assistant capable of smart contract generation and market analysis.
The platform also features a trading assistant that automatically conducts technical analysis and reviews various chart patterns to suggest potentially viable trading strategies. The platform uses Natural Language Processing (NLP) to understand and communicate with users. Thus, the AI can easily suggest strategies and predictable outcomes.
Cogwsie deploys complex algorithms to identify large crypto wallet transactions through the wallet tracking feature. The $COGW token is used to avail of all these features. For example, $COGW can be deposited into liquidity pools to provide liquidity on other decentralized exchanges.
As the tokens are used and swapped, the token holders earn a percentage of each swap as rewards. The tokens can also be staked on the ecosystem to generate passive income. From a 1 billion token supply, 400 million tokens have been allocated for the presale.
The token supply will reduce over time since 35% of all profits will be burned from the supply. The Cogwise presale has raised nearly $200K since it launched. Tokens are priced at only $0.02, but will jump by 225% to $0.065 by the exchange listing.
Tokens available in presale
5. yPredict – AI-Powered Tool for Crypto Traders Offering Data and Insights
yPredict is our top pick for the best AI cryptos as a newly launched presale project that is using artificial intelligence and machine learning to help traders maximize their profit-making potential.
The protocol will offer crypto traders a range of insights and metrics to help them get a step ahead of the rest of the market, while yPredict will also have a marketplace where developers can sell their predictive models.
yPredict will offer traders data-driven insights and intelligence including pattern recognition with auto detection from more than 100 chart patterns, sentiment analysis with the AI scanning the news cycle and social media sites, indicator analysis that filters out ineffective indicators from recent market data and transaction analysis for specific assets.
Developers can also sell their predictive models with yPredict and generate passive income depending on how well the model then performs.
yPredict operates from a freemium with membership coming in three tiers – free, active and pro – with each tier offering access to different levels of features. Native token $YPRED is used for membership, giving it long-term utility, as well as a rewards token for predictive models.
For those who want to buy YPRED, the presale is already in stage 7 and has so far raised more than $3.4 million. While tokens are currently on sale for $0.1, those who invest now will see a price increase at the time the token lists on exchanges. It is set to list for $0.12 with leading CEX BitMart already confirming a listing post-presale.
The yPredict team is KYC-verified and doxxed, while the smart contract has been audited by Coinsult, with the platform built on super-fast and super-efficient layer-2 blockchain Polygon, one of the best future crypto protocols.
The presale will see 80% of the 1 billion YPRED supply available for sale, with a 50% unlcok at the token generation event and a hard cap of $6.5 million.
MATIC, ETH, USDT, BNB, Card
6. The Graph – Protocol for Indexing and Querying Data from Blockchains
The Graph is a cryptocurrency project that aims to create a decentralized protocol for indexing and querying data from blockchain networks. The goal of The Graph is to enable developers to easily access and search for blockchain data without relying on centralized intermediaries.
And the platform does this by relying on artificial intelligence to optimize the indexing process and to improve the accuracy of search results. This protocol is built on top of Ethereum and uses a decentralized network of nodes to index and store data in order to make the indexing process easier.
The Graph organizes data into smaller groups – called ‘subgraphs’. The Graph protocol is designed to be modular and scalable, allowing developers to create and customize subgraphs easily. The Graph also has a native token named GRT. GRT tokens are used to incentivize network participants to perform indexing and query tasks.
Node operators earn GRT tokens for indexing data and serving queries. Similarly, anyone who uses The Graph to locate data on a blockchain should pay for it using GRT tokens. After launching in December 2020, the price of GRT tokens hit an all-time high within a couple of months – gaining over 19,000% in value by February 2021.
However, the digital asset has suffered from the broader crypto bear market since. Nevertheless, since the beginning of 2023, the price of GRT tokens has increased by almost 200% and, at the time of writing, The Graph tokens are trading at around $0.15.
Your capital is at risk. Crypto asset investments are highly volatile and speculative.
7. Fetch.ai – Network of Autonomous Agents Providing Optimized Services
Fetch.ai is a decentralized network that uses AI to enable autonomous economic agents (AEAs) to carry out a variety of transactions. It uses blockchain technology and smart contracts to create a distributed network of agents that can communicate and collaborate with each other to complete tasks and solve complex problems.
For instance, the autonomous agents of Fetch.ai can engage in data gathering, analysis, and decision-making. And furthermore, these agents can be customized to suit different use cases and industries. These AEAs can also interact with other agents to form a decentralized marketplace for AI services.
Fetch.ai uses a unique consensus algorithm called ‘Proof-of-Stake With Reputation’. This mechanism allows its agents to earn rewards for contributing to the network and penalizes bad behavior. Put simply, the PoSR consensus incentivizes agents to act in the best interests of the network and provides a level of trust and security for its users.
Fetch.ai has a wide range of potential use cases, such as optimizing supply chains, improving traffic flow in smart cities, and facilitating personalized healthcare. The Fetch.ai network also has its own native cryptocurrency, FET, which is used as a means of exchange for AI services and for staking by node operators.
Since the beginning of 2023, the price of FET tokens has increased by nearly 300%.
Your capital is at risk. Crypto asset investments are highly volatile and speculative.
8. Synthetix – Decentralized Protocol Enabling the Issuance of Synthetic Assets
Synthetix is a DeFi protocol built on the Ethereum blockchain that facilitates the creation and trading of synthetic assets. In other words, Synthetix allows users to mint tokenized versions of virtually any real-world asset – such as currencies, commodities, or stocks. And crucially, these tokens will also mimic the value and behavior of their underlying assets.
The Synthetix protocol uses a system of smart contracts to mint and manage synthetic assets, which are called ‘Synths’. These Synths are collateralized by the SNX token, which is the native cryptocurrency of the Synthetix network. Holders of SNX can stake their tokens as collateral to mint and trade Synths, and they also earn rewards in the form of fees generated by the protocol.
This way, Synthetix provides a decentralized platform for users to access a wide range of synthetic assets without the need for intermediaries or traditional financial institutions. Moreover, it also enables users to trade these assets 24/7 and with minimal fees compared to conventional financial markets.
Despite being introduced in 2018, Synthetix did not experience significant price activity in the market until 2021. In 2021, the value of Synthetix increased to around $26, which was over 5,000% higher than its initial launch price of just $0.46. It is currently trading at $2.60.
Your capital is at risk. Crypto asset investments are highly volatile and speculative.
9. Ocean Protocol – Crypto Platform Facilitating Monetization of Data
Ocean Protocol is a decentralized data exchange platform that uses AI to facilitate the sharing and monetization of information. It essentially functions as a marketplace where providers can share their data assets with consumers in a secure and decentralized manner.
This way, Ocean Protocol allows providers to monetize their data assets by setting their own prices and licensing terms. At the same time, this protocol also makes data more accessible so that consumers can purchase and use them for their own purposes. That being said, the Ocean Protocol uses a unique architecture that separates access control from the data itself.
This means that providers can maintain control over who can access their data and how it can be used, even after it has been shared on the network. The Ocean Protocol’s native token, OCEAN, is used as the main currency for transactions on the network. It can be used by data providers to set prices for their data and by consumers to make purchases.
Additionally, OCEAN tokens can also be used by node operators to provide services on the network. According to the Ocean Protocol website, the platform has already partnered with several organizations in the healthcare, energy, and financial sectors – such as Roche Diagnostics, Mercedes-Benz, and dexFreight. As of writing, OCEAN tokens can be bought for around $0.35.
10. SingularityNET – Marketplace for AI Algorithms and Applications
SingularityNET is a decentralized AI network that allows developers to share AI algorithms and services. In essence, it aims to become a marketplace for AI-related services. This way, SingularityNET makes AI services easily accessible to developers, researchers, and businesses.
It also allows AI developers to learn from each other and collaborate, making it possible to create more advanced and sophisticated AI applications. The platform’s native cryptocurrency, AGI, is used as a means of exchange for AI services. The AGI token is also used to incentivize developers to contribute their algorithms and services.
SingularityNET has already built partnerships with several prominent organizations in the AI industry, including Hanson Robotics and DeepBrain Chain. However, despite being so popular in the AI community, SingularityNET has lost over 75% of its value in the crypto market over the past three years.
Nevertheless, with cryptocurrency AI surging as a trending topic in 2023, the price of AGI tokens has increased by over 650% since the beginning of the year. As such, some industry experts consider SingularityNET the best AI cryptocurrency in 2023.
11. Numeraire – Crypto Platform Hosting Data Science Tournaments for AI Developers
Numeraire is a crypto project designed for the purpose of facilitating artificial intelligence research and development. The Numeraire team has come up with an interesting approach to achieve this goal. The project hosts tournaments that require data scientists to create models for financial markets.
Developers can then submit their AI-based financial model predictions to control the capital of Numerai’s hedge fund. The most accurate models will be rewarded with NMR, the utility token of Numeraire. Furthermore, data scientists need to stake their NMR tokens to participate in the hedge fund’s tournaments.
The platform’s governance is also controlled by its token holders, who can vote on proposals and changes to the platform. This means that NMR tokens have multiple utilities within the Numeraire ecosystem.
According to its website, more than $30 million has now been paid out to data scientists via Numeraire, while tokens have increased by 40% since January 2023.
12. Cortex – Blockchain Project Supporting On-Chain AI Inference
Cortex is a blockchain project that aims to enable the execution of AI algorithms on a decentralized network. It seeks to solve one of the biggest challenges facing blockchains today – on-chain AI execution. To achieve this, Cortex has developed a framework named ‘CVM’ that allows efficient machine learning inference on its blockchain.
This way, Cortex enables the integration of AI and machine learning models into smart contracts and dApps.
Moreover, Cortex has developed an open ecosystem that incentivizes developers to upload their AI models to the blockchain.
DApp developers, on the other hand, will be able to access these AI models by paying in CTXC, the Cortex native token. In terms of price action, Cortex has gained close to 35% in value over the first few months of 2023.
13. Oasis Network – Privacy-Focused, Versatile Blockchain Network
Oasis Network claims to be a platform built for the next generation of blockchain. It uses a privacy-preserving architecture, which allows users to keep their data private while still using decentralized applications. This is done using a technology called ‘confidential computing,’ which ensures that sensitive data cannot be accessed by unauthorized parties.
Another interesting aspect of Oasis Network is that it can tokenize data. According to the platform, this can unlock game-changing use cases for blockchain, powering the next generation of privacy-first applications.
The native utility token of the Oasis Network, ROSE, will be used for transaction fees, staking, as well as for delegation at the consensus layer. As of writing, ROSE tokens are trading at around $0.065 – which makes it one of the most affordable AI cryptos with high upside potential.
14. dKargo – AI-Based Protocol for Global Logistics
dKargo is a blockchain-based logistics platform that leverages artificial intelligence and machine learning to optimize the global supply chain. The platform provides a decentralized, transparent, and secure way to manage supply chain operations, reducing costs and increasing efficiency.
According to dKargo, its product dFull is one of the most reliable fulfillment services out there. dFull can be used to store and manage inventory, orders, and deliveries. It can also be used for insights into e-commerce products and even set up automated customer responses.
The native cryptocurrency of the dKargo platform is called the DKRG token. It is an ERC-20 token built on the Ethereum blockchain and is used to facilitate transactions within the dKargo ecosystem.
The DKRG token, currently trading at $0.036, can be used for various purposes, including payment for logistics services, staking to participate in the platform’s governance, and earning rewards for participating in the platform’s ecosystem.
How Do AI Crypto Coins Work?
AI cryptocurrency projects typically work by incorporating artificial intelligence technology into their blockchain networks in one way or another. These projects can use AI in various ways, such as with generative AI, in their consensus algorithms, smart contract execution, or data analysis.
- In simple terms, with the right training data, developers can integrate AI with blockchain technology to do virtually anything – from identifying investment opportunities to automating tasks.
- This provides a new and revolutionary platform for developers to create applications and services that can potentially result in a more transparent and efficient system.
AI crypto coins are digital assets that are designed to power projects that use artificial intelligence. These AI cryptocurrencies might be used to facilitate transactions with a network or may confer governance rights on their holders.
What Are the Uses of AI Crypto?
As is clear from our analysis, the combination of AI and cryptocurrencies can help design innovative solutions to real-life problems.
In fact, some of the best AI crypto coins in the market have applications within many industries – such as healthcare, supply chain, financial services, and more.
Moreover, developers are always coming up with new ways to take advantage of AI and machine learning to design innovative projects, although there is growing concern over where the future of AI may leave the human race, with governments racing to regulate the industry.
Below, we have listed a number of common ways that AI is used in crypto projects.
AI can be used to develop algorithms that can analyze market trends and predict future cryptocurrency prices. These algorithms can help traders make more informed investment decisions.
This is exactly what many popular trading platforms are doing when they offer automated portfolio management services to their users.
In addition to this, AI cryptocurrency projects such as Numeraire are also running tournaments for developers to design algorithms that can predict the performance of the stock market.
AI can be used to train machine learning models to recognize patterns.
Machine learning can also help identify potential security threats, improve transaction speed, and increase the efficiency of the network.
AI can be used to create smart contracts that can automatically execute trades or other transactions based on certain criteria. This can help eliminate the need for intermediaries and reduce transaction costs.
There are a number of AI projects that use smart contracts – including Fetch.ai, and dKargo.
AI can be used to analyze large amounts of data on the blockchain.
Projects such as The Graph and Ocean Protocol are building products that can facilitate storage as well as the exchange of data in a decentralized manner with the help of artificial intelligence.
AI can be used to develop decentralized decision-making systems that can help manage the network more efficiently.
For example, AI-powered voting systems can be used to make important decisions about the future of the network, such as changes to the consensus algorithm or the addition of new features.
One great example of this is Fetch.ai. As we noted above, Fetch.ai has created autonomous agents using AI that can handle tasks such as data processing and trading.
These agents are also equipped to learn and adapt to different conditions – which will make them more efficient over time.
Reasons to Invest in AI Cryptocurrency
The term artificial intelligence has created a lot of buzz in 2023 – especially with the growing popularity of ChatGPT and other AI bots, with the market moving at a rapid pace in the early part of the year.
In fact, such has been the exponential growth of the sector that is now expected to grow twentyfold by the end of the decade, with a Statista report predicting the global AI market will be worth nearly $2 trillion in 2030.
Therefore, it is natural to wonder whether this is the right time to invest in crypto AI tokens.
Moreover, the global blockchain AI market is forecasted to be worth $934.45 million by 2026, with an impressive compound annual growth rate of 24.9%.
Here are some factors to consider when deciding if AI cryptocurrencies represent a good investment.
Early Access to New Technologies
Investing in AI–related crypto can give you early access to new technologies and applications of artificial intelligence. By investing in AI projects as early as possible, investors can potentially benefit from their growth before others.
In other words, by investing in early-stage AI projects, investors can get in on the ground floor of innovation.
AI crypto coins are becoming increasingly adopted and integrated into mainstream systems as more companies and institutions begin to recognize their potential.
For instance, Fetch.ai and the Ocean Protocol have already entered into partnerships with many industry-leading companies and have applications across multiple sectors.
Potential for High Returns
When considering the factors mentioned above, it is clear why the AI crypto industry is poised for growth.
Some AI crypto coins have demonstrated the potential to generate high returns for investors in the recent past. For example, The Graph token has experienced significant price appreciation over the years.
Some of the other best AI crypto coins we discussed, such as Fetch.ai and Ocean Protocol, have also performed well historically, while SingularityNET grew nearly 1,300% in just a month at the start of 2023 before a retraction.
- Moreover, there are also new cryptocurrencies emerging within the AI sector that offer high upside potential.
- yPredict is our top AI project as it uses artificial intelligence and machine learning to provide data and insights for crypto traders.
All that being said, bear in mind that investing in AI cryptos carries risks, and therefore, investors should conduct their own research and exercise caution before investing.
In summary, AI crypto coins can provide innovative solutions leveraging the benefits of artificial intelligence and blockchain technology. Some of the best AI cryptocurrencies in the market offer innovative solutions for real-world issues.
When investing in AI crypto coins, especially presales like some of the projects above, it is vital investors conduct thorough research to understand exactly what they are purchasing.
Meme Kombat is our top pick as it uses AI tools to create a virtual battle arena. The ecosystem will feature a number of meme coin avatars battling each other. With $MK, users can stake-and-earn 112% APYs on presale, and wager tokens to earn rewards on the battle arena.
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