6 Best AI Crypto Projects To Invest in May 2024 – Complete Guide

Artificial intelligence (AI) has been on the rise in 2024 thanks to ChatGPT and other popular AI tools. Numerous people are excited about the potential that AI could bring to life and work. Interestingly, some projects combine blockchain technology with AI in the crypto space to revolutionize the industry and prepare it for the future.

This guide explores the best AI crypto tokens 2024 by market capitalization that investors should consider to accelerate their trading and investing experiences.

What is AI Crypto?

AI crypto coins can be considered any cryptocurrency that is based on or uses artificial intelligence. It is a new category of crypto assets, so it summarizes the best AI crypto that have a wide range of AI functionalities, from creating AI based marketplaces to incorporating AI technology for processing large amounts of information and creating specific applications.

Most of the AI crypto coins are created using blockchain technology incorporated with performant AI tools, while the best AI crypto assets cover a broad spectrum of approaches, like using marketplaces with AI services for dApps developers and implementing AI into blockchain mechanisms directly. The second option gives the possibility of enabling dynamic smart contracts, faster processing speeds and automated transactions for the best AI crypto investors.

AI crypto coins are mostly ERC-20 tokens, so they can be deposited into any crypto wallet that is Ethereum-based. Some of those wallets allow users to stack their AI crypto coins with the possibility of growing their asset value just by keeping their tokens in accounts.

How is AI Used in Crypto?

Artificial intelligence and blockchain technology are two of the fast-evolving technologies today. As such, experts aim to combine both technologies to create unique products that are to be used to power the new digital economy. To achieve this, developers build AI cryptocurrencies with cryptocurrencies called AI tokens that are incorporated into the infrastructure of the blockchain protocol and are used to gain access to services or commit to governance on the platform.

Apart from being able to improve user experience, AI projects also improve security, scalability, and earnings. This is possible since AI platforms are built to automated trading transactions and data to build trust among users. For example, users can build automated trading bots using a platform like Fetch.AI to simulate human intelligence and apply the same when opening and closing trade positions in the cryptocurrency market.

Finally, crypto AI projects allow users to monetize data, insights, and other services offered on their platforms. This makes them an alternative way to earn money from crypto besides trading assets.

Don’t invest unless you’re prepared to lose all the money you invest. This is a high-risk investment and you should not expect to be protected if something goes wrong.

Our Comparison of the Top AI Crypto Coins

Don’t invest unless you’re prepared to lose all the money you invest. This is a high-risk investment and you should not expect to be protected if something goes wrong.

A Closer Look at the Best AI Crypto Tokens to Invest in 2024

As artificial intelligence becomes more widely implemented, several innovative projects and platforms using AI algorithms are emerging in the crypto space. Here are some of the best AI coins that we have prepared detailed information about.

1. Scotty the AI (SCOTTY) – Groundbreaking cryptocurrency venture that harnesses the potential of artificial intelligence and blockchain technology

Scotty the AI emerges as a groundbreaking cryptocurrency venture that harnesses the potential of artificial intelligence and blockchain technology to fortify the security and integrity of the digital currency realm. With its recently launched native token, $SCOTTY, the project embarks on a presale journey aimed at fostering stability, fraud detection, and overall safeguarding within the cryptocurrency ecosystem.

Exploring Scotty the AI unveils a fusion of advanced AI capabilities and blockchain prowess, meticulously designed to elevate security standards and mitigate risks prevalent in the crypto landscape. At its core, Scotty the AI is dedicated to deploying cutting-edge AI-powered solutions for fraud detection, risk mitigation, and maintaining the sanctity of transactions within the blockchain network.

A defining aspect of Scotty the AI lies in its sophisticated AI algorithms, engineered to dissect intricate blockchain data and identify underlying patterns with remarkable precision. Furthermore, Scotty the AI boasts unparalleled agility, enabling swift navigation through the digital realm to swiftly neutralize potential risks and anomalies, thereby bolstering the overall security framework of the platform.

Scotty the AI’s commitment to transparency and community-driven initiatives sets it apart as a beacon of decentralization and inclusivity in the cryptocurrency sphere. By relinquishing ownership of the token contract to prioritize community engagement, Scotty the AI underscores its dedication to empowering token holders to shape the trajectory of the platform’s evolution and development.

The roadmap for Scotty the AI unfolds a strategic blueprint delineating phased launches, token listings, and collaborative endeavors aimed at propelling the platform towards its overarching vision. From the groundwork laid in the initial phase to the forthcoming deployment of innovative features like the Scotty Chat and Scotty Swap Tool, each stage is meticulously orchestrated to usher in a new era of security and accessibility in the cryptocurrency landscape.

The price or value of cryptocurrencies can rapidly increase or decrease at any time. You must be satisfied that this crypto offering is suitable for you in light of your financial circumstances and attitude towards risk.

2. eTukTuk – A sustainable AI crypto project aims to make the TukTuk industry greener

Both AI and electric vehicles are on the rise in the world. eTukTuk brings together these technologies and deploys them in developing countries. This has the potential to impact the world in a decidedly positive way.

The eTukTuk ecosystem offers a significant opportunity to provide high-performance infrastructure in developing countries and significantly reduce both air and noise pollution. This revolutionary project aims to both support collective action to achieve real change and distribute rewards as incentives by integrating blockchain technology.

The presale for the $TUK tokens has now started, and this is an unique opportunity to get in early on this promising project.

By purchasing $TUK tokens in the presale, investors have the opportunity not only to make financial profits, but also to make an active contribution to improving the environment in developing countries. Therefore, $TUK tokens are not only a presale coin, but also a tool for positive changes in the world.

The price or value of cryptocurrencies can rapidly increase or decrease at any time. You must be satisfied that this crypto offering is suitable for you in light of your financial circumstances and attitude towards risk.

3. Fetch (FET) – Program AI agents with logic to perform specific tasks

Fetch.ai is another emerging crypto project that combines AI with blockchain technology. The open-source decentralized machine learning platform provides users with a framework to build their own AI agents using a no-code managed service. Users can build, deploy and monetize intelligent software agents (or bots) to automate processes and perform specific tasks. Fetch.ai is built for the digital economy and aims to assist users in creating smart autonomous services.

In simple terms, Fetch.ai uses AI and machine learning technology to build what it describes as “Autonomous Economic Agents” that act on behalf of the creators to perform tasks. Some examples are a travel booking agent, connect and automating IoT, customer query agent, trading assistant, among other roles that have a repetitive service process.

The Fetch.AI platform was founded by Humayun Sheikh in 2017, and was launched via an initial exchange offering (IEO) on Binance Launchpad in 2019. Binance Launchpad was a token launch platform created by Binance where new crypto projects would apply to be featured for their presale and initial coin offering. Since its launch, Fetch.AI has grown to become a go-to platform for people to create AI integrated platforms and services in a variety of sectors.

For instance, crypto traders can build autonomous agents that act as crypto trading robots to help with buying, selling, and trading cryptocurrencies on crypto exchanges. This helps traders become more efficient and can free up their time by having an AI assistant that follows a set of instructions and acts on pre-defined criteria.

In other cases, government agencies and businesses can build a software that automatically collects and shares data across multiple users or processes transactions on their behalf.

Ultimately, the primary goal of Fetch.AI is to decentralize the digital data market and replace centralized systems that are currently in charge of data delivery worldwide. The end result being that the global digital economy can be run without human control or interference, fully operational through the Internet of Things (IoT).

Because of its revolutionary use case, Fetch.AI is among the best artificial intelligence crypto projects to explode in 2024. Particularly, different sectors of the economy, including transport, supply chain, energy, smart cities, smart homes, and more, will benefit from the solutions offered by Fetch.AI.

The FET token

Like other best AI tokens, Fetch.AI has its utility token called FET. The token is integrated within the Fetch.AI ecosystem as a medium of exchange and can be used to pay for deployment of AI agents. Similarly, users can only make payments on the network using the FET tokens. FET is also a deflationary token, with its supply capped at 1.15 billion tokens, giving the token long-term intrinsic value as it reduces in supply.

The current CoinMarketCap ranking is #105, with a live market cap of $452,159,534 USD. The token is currently listed on popular exchanges like Binance, Coinbase, and Gemini and has a fully diluted market cap of around $465,000,000. There are currently 811,993,799 FET tokens in circulation of the total supply, making the coin a viable asset for inclusion into a long-term portfolio.

FET price prediction

Fetch. ai’s price today is US$0.5743. Technical analysis on TradingView indicates strong buy signals, meaning FET tokens have a bullish sentiment in the crypto markets. In addition, experts predict that the coin could go as high as $0.58 in 2024.

Don’t invest unless you’re prepared to lose all the money you invest. This is a high-risk investment and you should not expect to be protected if something goes wrong.

4. The Graph (GRT) – An advanced AI platform that is used to store data on the Ethereum blockchain

The Graph is another open-source crypto project that aims to infuse decentralization into blockchain data. Yaniv Tal, Jannis Pohlmann, and Brandon Ramirez launched the software in 2018 to solve the challenge that comes with creating new decentralized applications (dApps) on the Ethereum blockchain.

At the time, The Graph was built to collect, process, and store data on the Ethereum blockchain on which it was built, and help developers use the relevant data to boost the efficiency of their dApps.

Subsequently, with more development, The Graph now works with more protocols on the Ethereum network, like AAVE, Curve, and Uniswap. Today, there’s a network of service providers that allow decentralized apps to operate on The Graph Mainnet using open and public APIs called subgraphs. As a result, blockchain data is more accessible, and thousands of dApps can be built and operated on the platform for data querying, indexing, and collection.

To post a query using dApps on The Graph, users need to use GraphQL, a popular programming language created by Facebook, to gather data for a user’s news feed. That means unlike Fetch, Graph AI isn’t suitable for beginners and people without programming knowledge. Although, persons with basic GraphQL knowledge can easily use The Graph for their data needs.

Users who provide services on The Graph network are called indexers and delegators. These people help to process the data collected by dApps. They also send the data to end-users and applications for better interpretation and insight.

The GRT token

The Graph network has its native token called GRT, and the token is used to access the network, while also rewarding indexers and delegators for their services. At the same time, all users on the network must stake GRT before carrying out their various duties, giving the token a viable utility on the network.

Apart from its use case in the Graph ecosystem, The Graph had a successful token presale in 2019 and another impressive public sale in 2020. In the 2019 presale, the GRT project raised $19.5 million, and an additional $10 million was raised from the public sale. The current CoinMarketCap ranking is #48, with a live market cap of $1,422,960,694 USD.

Your capital is at risk. Other fees apply. For more information, visit etoro.com/trading/fees.

5. Numeraire (NMR) – An AI-based stock market trading platform that offers a high success rate

Investors interested in the stock market will fancy Numerai – a hedge fund that crowdsources artificial intelligence and utilizes the user submitted models to invest into major stock markets. Numerai combines AI with machine learning, cryptography, and data science to predict the stock market and help users make more profitable equity trades.

The platform was founded by Richard Craib in 2015, and the project raised over $21 million in four separate funding rounds between 2016 to 2020. Numeraire works using two applications; Numerai Signals and Numerai Tournament.

Numerai Signals allows users to upload stock market strategies for specific stocks or selected trading styles, while Numerai Tournament is a weekly competition that allows users to earn rewards when they upload trading algorithms with the most likely outcome.

NMR is the Numerai platform’s utility token that is used for payments, staking on market predictions, and rewarding participants in the Numerai Tournament. NMR is an ERC-20 token built on the Ethereum Network and also helps the software execute all its operations.

NMR price prediction

The live Numeraire price today is $15.88 USD with a 24-hour trading volume of $8373300.84 USD. Technical analysis summary on TradingView on the monthly time frame shows NMR has a sell indicator, while moving averages also indicate a strong sell. This can be due to the token having risen 40% since Q3 in 2023. Experts predict that NMR could reach $34.79 in 2024 due to historical price movements and in correlation with the Bitcoin halving.

Don’t invest unless you’re prepared to lose all the money you invest. This is a high-risk investment and you should not expect to be protected if something goes wrong.

8. Ocean Protocol (OCEAN) – Build your own trading tools or buy others to improve your trading skills

Built on the Ethereum blockchain, Ocean Protocol is another top project that makes our best AI crypto list. The open-source protocol was built by an AI researcher called Bruce Pon in 2017 and supported by the Ocean Protocol Foundation and OceanDAO. On Ocean Protocol, businesses and individuals can exchange and monetize data and data-based services, making the platform very lucrative for data analysts and researchers.

At its core, Ocean uses blockchain technology to connect various data providers and consumers. On Ocean Protocol, datasets and data services are converted into ERC20 tokens that exist on the Ethereum blockchain. The data owners can monetize their data by selling to consumers via the Ocean Market App, while maintaining complete privacy and control.

This benefits consumers who need access to the information or otherwise don’t have the space to store it. It allows researchers to publicly sell their data sets without it having to actually leave their hands, ultimately keeping custody and ownership of it.

With its unique approach to data sharing and tokenization, Ocean has attracted a variety of users from machine learning professionals in the data space to traders that test, build and run AI powered trading bots.

The platform has built a new thematic to contributively earning through data farming, training predictive AI models and facilitate sharing with monetization of “datatokens”.  Interestingly, anyone can get started on Ocean Protocol and tokenize their data – from data analysts to researchers, data scientists, and traders who train and simulate trading bots.

Apart from tokenizing and trading data, Ocean Protocol users can also be rewarded by contributing to the network via data farming. Users wishing to data farm must lock their tokens pointing them to data assets that have high data consume volumes. Alternatively, Ocean provides a framework for developers wishing to build dApps giving limitless access to its open-source repository, dApp development tools and pre-built templates.

Developers have access to the decentralized uploader and Ocean JavaScript Libraries assisting them to build and launch their own decentralized marketplaces, wallets, among other web3 powered applications.

Tokenomics

Similar to other AI cryptocurrencies, users need to acquire the OCEAN token to access Ocean Protocol to interact and utilize its core features. The token functions as the unit of exchange for datatokens, while it is also used to award predictor modellers, traders training AI bots and data farmers for contributions on the platform. The token is also used for governance allowing token holders to vote on the future developments of the protocol.

The current CoinMarketCap ranking is #152, with a live market cap of $243,036,389 USD. During 2023, the OCEAN price has ranged between $0.30 – $0.50, with the price having increased by 40% during Q3 in 2023. The token is predicted to become one of the best artificial intelligence crypto projects of 2024.

OCEAN price prediction

The current price of Ocean Protocol is $0.47 . Technical analysis summary on TradingView shows a buy signal while Moving Average indicator also shows a strong buy. Experts believe the price of OCEAN could see a yearly high of $1.76 during 2024.

Don’t invest unless you’re prepared to lose all the money you invest. This is a high-risk investment and you should not expect to be protected if something goes wrong.

7. Artificial Liquid Intelligence (ALI) –  Create AI-powered, intelligent & interactive character NFT’s

Alethea Artificial Liquid Intelligence is the last AI crypto project believed to be among the best AI crypto coin in 2024. The ALI project is part of the Alethea AI Network,  a company focused on research and development in the AI and blockchain industries. Alethea AI was founded by Arif Khan in 2019 with the goal of powering and growing a Metaverse called Noah’s Ark, whereby users can create, train and earn from their intelligent and interactive NFTs (iNFTs).

On the Alethea decentralized protocol, users can create smart avatars using AI technology to interact with one another in the Noah’s Ark Intelligent Metaverse. The platform bridges together generative AI and blockchain to enable democratic and decentralized ownership of AI.

The project has a unique approach with NFTs, creating a new concept with iNFTs, which brings life to still images by merging them with personality pods, and making them interactive characters by using the power of artificial intelligence and generative pre-trained transformers (GPTs).

The iNFTs are divided into three parts: the body, soul, and mind, each having its own unique traits. The body is a simple character NFT and must be merged with a personality pod to create an iNFT. The personality pods represent different characteristics and gives the iNFT an intelligence level.

Users can increase an iNFTs intelligence level by staking ALI tokens to source intelligence from the Noah’s Ark AI engine. As the intelligence level increases, the iNFT is trained to become smarter and has more access to AI services. These start with the iNFT being able to conduct basic tasks such as recite and broadcast, then further developing to become social and do real-time interactions.

As it becomes smarter the iNFT can start copywriting, creating generative art and synthetic music, to becoming a fully interactive non-playable character.

At the start of 2023, Alethea launched the CharacterGPT protocol which allows users to generate realistic, interactive and intelligent AI character by natural language input on the mycharacter.ai dApp. The project is evolving towards a future where digital twins, virtual assistants and AI content creators are becoming more prevalent.

The Alethea network is powered by the Artificial Liquid Intelligence (ALI) token, which is growing in popularity among AI enthusiasts. According to CoinMarketCap, ALI ranking is #359, with a live market cap of $84,456,471 USD. In an ever-growing digital landscape, Alethea has built a protocol with a futurist use case that is impacting global norms, as the use of artificial intelligence becomes more widespread adapting to different industries and roles.

ALI price prediction

During Q3 in 2023 ALI tokens have hovered around the price range of $0.015 – $0.02. ALI tokens are available on centralized exchange such as Gemini and Gate.io, however, for optimum liquidity users can opt for Uniswap if wishing to acquire tokens. However, ALI’s expert price predictions show that it can reach a yearly high of $0.03 in 2024, with a possibility of it seeing tremendous growth during 2025 predicted to hit yearly highs of $0.13.

It is good to note these are based purely on speculation and as machine learning, large language models and artificial intelligence develops, Alethea has potential to become a leader in the new age of smart digital avatars.

Don’t invest unless you’re prepared to lose all the money you invest. This is a high-risk investment and you should not expect to be protected if something goes wrong.

What are the Pros and Cons of Investing in AI Coins?

There are many benefits to using AI in cryptocurrency investing or directly investing in the best AI coins. However, there are also potential pitfalls that investors should be wary of when using AI crypto tools. We highlight some of them below.

✅Enhanced predictive analytics

AI does a great job of making sense of huge data sets, allowing for more accurate predictions of prices and trends in the crypto market. Unlike human traders, who are constrained by the limitations of manual analysis and biases, AI algorithms can continuously assess a myriad of factors that impact cryptocurrency values.

✅Risk reduction

AI provides real-time analytics and can simulate various market scenarios, offering traders invaluable insights into potential future market behaviour. These capabilities enable traders to make more informed choices, either to capitalize on market trends or to prevent significant losses. In volatile markets like crypto, risk management is crucial, and AI provides tools that can help traders make better decisions, faster.

✅Automated decision-making

Traders can set predefined criteria for AI-driven trading, automating the buying and selling of assets. This automation allows decisions to be made almost instantly, which is very important in a 24/7 market. By handling routine tasks, AI allows traders to dedicate their attention to strategic planning, research, and other essential activities that require human creativity and intuition.

✅Trend identification in big data

AI can scan large volumes of structured and unstructured data, from news articles to social media posts, to identify market trends and sentiment. This is a task that would take a human an impractical amount of time to complete. Having such a comprehensive understanding of the market landscape allows traders to strategize more effectively, leveraging insights that are informed by a wealth of data.

❌Complexity and learning curve

While AI offers a host of advantages, it’s not a plug-and-play solution. Effective utilization requires a substantial understanding of the underlying algorithms, as well as the specifics of the crypto market. For potential traders who are not technically inclined, this could be a formidable obstacle. Additionally, not all AI tools are created equal, making it essential to choose the right platform or project.

Are AI Crypto Coins Different From Regular Cryptocurrencies?

As it may seem at first sight, the best AI crypto may seem to work like every other regular cryptocurrency, but in fact, the main difference between them lies in the broad power of artificial intelligence. Fetch is a great example when choosing between apps that are used by the best crypto coins because it allows dApps developers to integrate AI tools into any specific AI crypto asset.

Another difference is that the focus of some AI crypto coins is on creating a market for buying and selling AI software algorithms, while others use AI for specific applications such as big data analysis on the blockchain and making predictions. Moving forward, our experts expect to see AI-powered multiverse cryptocurrency projects that use AI to build even more dynamically engaging experiences in virtual environments.

The best AI Crypto tokens are able to use artificial intelligence to analyze massive quantities of data and generate insights that can help investors make smarter selections. Regular cryptocurrencies, like Bitcoin or Ethereum, rely on human analysis and intuition, which could be potentially prejudiced or inaccurate.

AI Crypto allows you to use artificial intelligence to automate trading strategies and execute orders based on predetermined criteria or situations. Manual intervention and monitoring are required for usual crypto, which can be more time-consuming than for AI crypto coins.

Are AI Tokens the Next Big Thing?

Despite being relatively new, AI cryptos have had a wild run in the crypto market since ChatGPT saw a sudden rise in popularity. As such, an existing AI bandwagon has caught investors in the crypto space and beyond.

At the same time, the best artificial intelligence crypto projects highlighted in this article have real-world use cases. Many of them have massive potential that have influenced experts to consider them as the next big thing in the crypto space.

In addition, AI cryptocurrencies are open to individuals and businesses. In other words, there will be an influx of retail and institutional investors over time that will drive the sector’s growth over the coming years.

With the increased interest in AI during 2023, next year is setting the stage for rapid growth of artificial intelligence protocols. You can read more about the best AI crypto coin projects and which are the top picks for 2024.

Your money is at risk.

What AI Crypto Tokens Have Already Been Successful?

Numerous AI crypto coins are on the market, but only a few have had successful outings since they were launched. Some of the already successful AI crypto tokens to invest in 2024 include Fetch.AI, and Numeraire. These AI projects have had successful token presales and their utility tokens are currently having a good run in the market.

Fetch.AI

It provides a network for AI agents to make services discoverable. Fetch.AI's autonomous agents are designed to optimize business processes. The platform is integrated with various services like Skyscanner, Discord, OpenAI, and more. The native digital asset of the Fetch.AI ecosystem is the FET token. This utility token is essential for various functionalities within the platform, including staking, transaction fees within the network, and special access to premium services on the platform.

Numerai

Numerai is a unique project that combines data science and the stock market. It offers a data science tournament where models are built to predict stock market movements. The platform has paid over $26 million to data scientists and has 5,848 staked models. Numerai also allows data scientists to stake their best models with their cryptocurrency, NMR.

Don’t invest unless you’re prepared to lose all the money you invest. This is a high-risk investment and you should not expect to be protected if something goes wrong.

Conclusion

Crypto AI projects are among the best upcoming projects in the cryptocurrency industry. Artificial intelligence is increasingly being implemented and used, and in the cryptocurrency industry it can create innovative projects that can be useful to investors. In this guide, we have revealed the best AI crypto tokens to explode in 2024, with Fetch.ai topping our best AI crypto project 2024 list.

As well as Fetch.AI you can also look at the other projects in our guide that are worthy of your attention. Whether or not you decide to invest in a project, don't forget to do your research first. Although artificial intelligence is becoming an increasingly popular topic and tool, it is important to be cautious when it comes to investing.

Your money is at risk.

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Maryam Jinadu

Maryam Jinadu

Maryam Jinadu is a freelance crypto & fintech writer. After completing her pharmacy degree at the University of Lagos, Nigeria, in 2018, she began writing professionally in fintech. She has worked with top fintech/crypto companies such as Bit.com, Equalizer, Koinly, Olymp Trade, Salesgnomics, Scribbr, and Swapzone. She currently freelances on Upwork and writes weekly reviews at 18digits.com. Maryam lives in Manchester, United Kingdom.

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