The Top Three AI Coins To Watch For December 2024

According to CoinGecko, AI cryptocurrencies now have a market cap of nearly $40billion. The largest AI coins, NEAR Protocol and Render have grown by over 200% this year. Notable developments in the AI and blockchain space have largely driven these growths.

Projects like NEAR Protocol, Internet Computer (ICP), and Fetch.ai have integrated AI to enhance scalability, efficiency, and autonomous operations within their blockchain ecosystems. These platforms leverage AI for tasks such as network optimization and the deployment of autonomous agents, contributing to more intelligent and responsive decentralized applications.

Also, Nntable AI-focused blockchain projects, including SingularityNET, Fetch.ai, and Ocean Protocol, merged into the Artificial Superintelligence Alliance (ASI) to pool resources and expertise, accelerating the development of decentralized AI technologies and expanding their applications across various sectors.

As the AI token sector continues to grow in this bull market, here are the top AI cryptocurrencies to consider for December 2024.

NEAR Protocol (NEAR)

NEAR Protocol is a decentralized application platform designed to enhance scalability and usability in blockchain technology. It’s currently the largest AI cryptocurrency project in the market, with a market cap of over $8bn.

NEAR uses a unique sharding mechanism called ‘Nightshade’ to distribute network workload across multiple nodes, enabling high throughput and low latency. This architecture supports the seamless deployment of decentralized applications (dApps) and smart contracts, offering developers a robust environment for innovation.

In November 2024, NEAR Protocol’s native token, NEAR, exhibited notable price movements. The token’s value increased by approximately 58% during the month, influenced by the platform’s announcement of plans to integrate artificial intelligence models, which enhanced investor confidence and market interest.

Looking ahead to December 2024, market forecasts suggest a bullish trend for NEAR. Analysts predict that the token could reach an average price of $10.33 by 25 December 2024, representing a potential increase of 48.76% from its current value.

This optimism is supported by technical indicators showing a bullish market sentiment and a Fear & Greed Index score of 82, indicating extreme greed. Additionally, NEAR Protocol has recorded 18 out of 30 green days with a 17.23% price volatility over the past month, suggesting a favorable environment for growth.

These projections underscore the positive outlook for NEAR Protocol as it continues to innovate and expand its ecosystem, potentially leading to significant value appreciation during the holiday season.

Bittensor (TAO)

Bittensor (TAO) is a decentralized, open-source protocol that combines blockchain technology with artificial intelligence (AI). It enables participants to contribute AI models to a shared network, earning TAO tokens as rewards for their contributions. This collaborative framework fosters the development of a decentralized AI ecosystem, promoting innovation and resource sharing among developers and researchers.

In November 2024, TAO’s price exhibited significant growth. The token’s value increased by over 11% after breaking through the $550 resistance level, reaching an intraday high of $637.75.

This upward trend was influenced by Bitcoin’s surge past $98,000, which positively impacted the broader cryptocurrency market. Additionally, technical indicators such as the Relative Strength Index (RSI) at 65 and supportive Ichimoku Cloud patterns signaled continued bullish momentum for TAO.

Looking ahead to December 2024, market forecasts suggest a bullish trajectory for TAO. Analysts predict that the token could test its $750 resistance level and reach a new all-time high by 25 December 2024, if the overall bullish momentum persists throughout the market.

This optimism is supported by a Fear & Greed Index score of 82, indicating extreme greed, and the recording of 14 out of 30 green days with a 7.04% price volatility over the past month. These factors suggest a favorable environment for TAO’s growth during the holiday season.

Artificial Superintelligence Alliance (FET)

The Artificial Superintelligence Alliance (ASI) represents a significant merger in the AI and blockchain sectors, uniting Fetch.ai, SingularityNET, and Ocean Protocol to form a decentralized network aimed at advancing artificial superintelligence. This collaboration seeks to leverage the combined expertise and resources of these platforms to accelerate AI development and deployment across various industries.

In November 2024, the ASI’s native token, FET, experienced notable price movements. The token’s value increased by approximately 26.9%, starting the month at $1.30 and closing at $1.65. This upward trend was influenced by the announcement of the ‘Earn-and-Burn’ mechanism, which aims to reduce token supply and potentially boost its value.

Looking ahead to December 2024, market forecasts suggest a bullish trajectory for FET. Analysts predict that the token could reach an average price of $1.89 by the end of December, representing a potential increase of 14.5% from its November closing price. This optimism is supported by the upcoming launch of the ASI Train platform, designed to develop advanced AI models and incentivize user participation through FET token rewards.

These developments underscore the positive outlook for the Artificial Superintelligence Alliance and its native token, FET, as they continue to innovate and expand their ecosystem, potentially leading to significant value appreciation during the holiday season.

1. 01.

   What are AI tokens?

   

   AI tokens are cryptocurrencies that power artificial intelligence-related projects, facilitating transactions within AI platforms and enabling decentralized AI services. They serve as a medium of exchange, incentivizing participation and governance in AI ecosystems.

2. 02.

   How is AI used in blockchain?

   

   AI enhances blockchain by improving security through anomaly detection, optimizing smart contract execution, and enabling predictive analytics for efficient data management. The integration of AI with blockchain facilitates automated, data-driven decision-making processes within decentralized applications.

3. 03.

   What are the biggest AI cryptocurrencies?

   

   Prominent AI cryptocurrencies include SingularityNET (AGIX), NEAR Protocol (NEAR), The Graph (GRT) and Ocean Protocol (OCEAN). These platforms leverage AI to provide decentralized services such as AI marketplaces, autonomous agent networks, and data-sharing ecosystems.