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    10 Best-Performing AI Crypto Tokens of 2023

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    In a year in which AI dominated nearly every economic sector, the value of related cryptocurrency tokens soared as investors took positions in technologies seen as the next big thing.

    The broader crypto market rallied in November on expectations that the U.S. Securities and Exchange Commission (SEC) was on the verge of approving a spot Bitcoin exchange-traded fund (ETF).

    Bitcoin (BTC) more than doubled in value to $44,000, other markets followed suit, and the AI ​​token rose faster than other tokens.After a strong November and his December, the total amount of cryptocurrencies Market capitalization This year, it will increase by about 106% to $1.7 trillion.

    Here are the 10 best-performing AI tokens in 2023 among projects traded on major exchanges, as ranked by crypto market trackers and monitors. drop stub. The return deadline is December 27th.

    Also read: SoSouth Korean government announces that it denies copyright to AI content

    1. Akash Network (AKT)

    Akash Network is a decentralized cloud computing platform built on the Cosmos blockchain. Essentially, networks utilize peer-to-peer technology to allow individuals and businesses to use someone else's computer to store data or perform complex calculations. By the end of November, the total utilization of GPU compute leased at Akash to power large-scale language models (LLMs) reached 58%, a record for the startup.

    10 Best-Performing AI Crypto Tokens in 2023
    Total GPUs leased in Akash.Source: Akash Network

    Akash is censorship resistant; reportedly It's cheaper than traditional cloud providers like AWS, Google Cloud, and Microsoft's Azure, with cost savings of up to 80-90%. AKT, the native token of the Akash ecosystem, led the charge for AI tokens, soaring 1,202% since the beginning of the year. At the time of writing, the token is down 0.97% to $2.27.

    2. Render Network (RNDR)

    Similar to Akash, Render is a peer-to-peer graphics processing unit (GPU) marketplace where users can contribute computing power to 3D rendering projects and earn RNDR in return. GPUs are the foundation of the generative AI era. They perform technical calculations faster and more energy-efficiently than central processing units (CPUs), the chips that power personal computers. This means GPUs are essential for training AI systems like ChatGPT.

    Within the render network, RNDR is the link between users who require rendering services (referred to as “creators”) and individuals or organizations with idle GPUs to perform rendering work (referred to as “node operators”). It acts as a medium of exchange. The token is up 1,167% since the beginning of 2023. At press time, RNDR was up 1.5% to $4.60.

    3. Fetch AI (FET)

    Fetch.ai calls itself an “open network for AI agents.” Built on the Cosmos blockchain, the platform uses artificial intelligence to help people automate everyday tasks like booking vacations and flights. Fetch.ai focuses on use cases such as DeFi trading services, smart energy grids, travel, and even urban infrastructure optimization. The company also offers wallets with encrypted messaging capabilities. In 2023, FET, the native token of the Fetch.ai ecosystem, rose over 718%. The token is currently trading at around $0.68.

    4. Singularity Net (AGIX)

    SingularityNet is a collection of open source protocols and smart contracts that creates a decentralized marketplace for AI services. This allows people to access artificial intelligence technology and become stakeholders in its development. SingularityNet allows users to buy and sell AI services and algorithms, including her DeFi-focused products. AGIX, which is used for intra-network trading, has soared 652% this year. The token is trading at $0.32 at the time of writing, up 0.35% on the day.

    5. Oraichain Token (ORAI)

    Oraichan is an AI-powered blockchain oracle and ecosystem. As an oracle, the platform typically provides real-time data to smart contracts, a type of computer program used to execute cryptographic transactions. Oraichain works similarly to Chainlink, which provides data such as DeFi token prices, but is biased toward AI APIs. ORAI, the native token of the Oraichain network, acts as a utility token that powers and fuels the Oraichain mainnet. The token has gained 321% since the beginning of the year and is currently trading at $6.77.

    10 Best-Performing AI Crypto Tokens in 202310 Best-Performing AI Crypto Tokens in 2023
    Top 10 AI Token Earners in 2023. Source: Dropstab

    6.Viot (VAI)

    Vaiot is a decentralized AI personal assistant that is available on mobile devices through what the company calls a “natural user interface” such as voice conversations. The platform offers a variety of services including AI-based legal services and service distribution channels for businesses. The VAI token has soared 304% this year.

    7. Origin Trail (TRAC)

    Ethereum-based OriginTrail uses artificial intelligence to track and verify the origin of goods throughout the supply chain. The platform acts as a bridge between the physical and digital worlds, helping to increase transparency in supply chains for industries such as art, healthcare, fashion, and education. The current price of TRAC, the native token of the OriginTrail ecosystem, is around $0.66 at the time of writing, up over 13% in 24 hours. Since January, the token has tripled in value, an increase of 298%.

    8. Graph (GRT))

    Graph is a protocol for indexing and querying data stored on blockchains, including Web3 projects. This allows developers to query data from 40 networks and build applications more efficiently. Graphs are considered a critical infrastructure layer. In 2022, the startup plans to raise $50 million and add AI-assisted queries to its LLM. GRT, the native crypto asset used for various purposes within the protocol, is being fueled by new activity in the DeFi and NFT spaces. The token has appreciated 246% this year to $0.91.

    9. Artificial Liquid Intelligence (ALI)

    Artificial Liquid Intelligence is an AI-based investment platform that utilizes machine learning algorithms for automated trading. ALI is a utility token used in the protocol. This will facilitate value exchange between participants and make AI characters and other AI assets available to him on the platform. ALI has risen 163% since the beginning of the year and is currently trading at $0.0214.

    10. Cortex (CTXC)

    Cortex is an open source peer-to-peer decentralized platform based on Ethereum that allows artificial intelligence models to be run and uploaded on a decentralized network. He also created an incentive mechanism for what he calls “collective collaboration,” allowing anyone to submit and optimize models on Cortex while also rewarding model contributors. CTXC tokens are used for transaction fees and smart contract execution. The token has appreciated 158% since the beginning of the year. At press time, the token is up over 3% to $0.44.

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