Since the start of 2024, AI industry has seen booming development as OpenAI’s Sora product generating a new wave of hype within the sector. Due to the favourable external environment, AI-related crypto projects are seeing exploding development.

There is no doubt that the potential in this space is huge. However, with so many AI tokens vying for attention, how to identify the most promising AI coins and make right investment? In this article, we will explore the best AI coins to keep an eye on in May 2024.

Quick Look at the Best AI Coins to Keep an Eye on in May 2024

Render Token (RNDR)

Fetch.ai (FET)

Bittensor (TAO)

SingularityNET (AGIX)

＼Deposit and Receive Up to 10,055 USDT!／

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Render Token (RNDR)

Launched in 2016, Render Token is a rendering network that connects artists or studios who require GPU computing power with mining partners who would like to rent out their GPU power in return for RNDR tokens, solving a big problem: the size/availability of GPU computation for artists and studios.

Utilizing blockchain technology and smart contracts to create a transparent, decentralized marketplace for GPU power, Render Token stands out in the market and sees rapid development. Besides, Render Token’s integration with Apple, particularly through OctaneX, opens up new possibilities for millions of users to utilize the network for their graphic processing needs, further enhancing its uniqueness and utility.

Render Token boosts many outstanding features, like its cost-efficiency, decentralization and transparency, community and utility, etc. All of its major features drive this new AI token to unleash huge potential and draw great attention from the crypto enthusiasts.

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Fetch.ai (FET)

Fetch.ai (FET) is an Ethereum token that powers Fetch.ai, a decentralized machine learning platform for applications such as asset trading, gig economy work, and energy grid optimization. Not only connecting devices and services to the Internet of Things, Fetch.ai (FET) also facilitates the involvement of other agents, such as people.

Thanks to the innovative combination of different technologies like DAG, DLT, smart contracts, AI, and machine learning, Fetch. ai emerges as a unique project in the crypto market. As one of the rare blockchain-based projects that use AI to enhance solutions within the digital economy that the network represents, Fetch.ai (FET) aims to revolutionize a wide range of industries and sectors by combining AI, machine learning, and DLT.

The project has seen rapid development in its technology, bringing innovation to different industries and enhancing various sectors and use cases. There is no denying that Fetch.ai (FET) creates a decentralized, democratized economy where users can interact and connect with devices, organizations, services, and other users, offering it a promising outlook in the future.

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Bittensor (TAO)

Bittensor is a decentralized blockchain network acting as an open peer-to-peer (P2P) ecosystem for creating, training, sharing, and trading artificial intelligence (AI) and machine learning (ML) models. By leveraging distributed networks, knowledge sharing, and incentivizing participation, Bittensor aims to drive AI innovation.

Bittensor’s unique approach lies in its use of blockchain technology and cryptographic incentives to coordinate the training and deployment of AI models. While its native cryptocurrency TAO has multiple functions, including using as rewards to incentivize miners, staking, governance, fees and payments.

As more businesses need AI solutions, demand for Bittensor’s platform and TAO tokens could spike, thus boosting its price. With Bittensor, it is easier for smaller teams and individuals to contribute to AI innovation. Besides, Bittensor rewards participants, boosting demand for its native token TAO. All these factors drive Bittensor a promising AI crypto in May 2024.

SingularityNET (AGIX)

Co-founded by Dr Ben Goertzel and Dr David Hanson, SingularityNET (AGIX) is one of the trending AI-based cryptos on the market today, with a market value of 1 billion. SingularityNET is a network of Artificial Intelligence (AI) services accessible through a decentralized marketplace (AI marketplace).

The network enables users to create, edit, manage and monetize AI-related services like model training and inference. The native utility token of SingularityNET-AGIX – is primarily used for paying for marketplace services, governance voting and staking.

SingularityNET lowers the barrier to entry for AI development. As the market for specialized AI solutions grows, SingularityNET’s marketplace, as well as AGIX, could see exploding growth in value. So far in 2024, this AI crypto token has seen remarkable performance and is expected to continue to excel throughout the year.

＼Deposit and Receive Up to 10,055 USDT!／

Conclusion

Since entering 2024, the newly-emerging AI cryptos Render Token (RNDR), Fetch.ai (FET), Bittensor (TAO) and SingularityNET (AGIX) have show great growth potential with their respective unique innovative solutions, making them the best AI coins to keep an eye on in May 2024 . However, as these AI tokens are relatively new and is still in the early stage, traders are advised to make profound analysis and stay well-informed before making any related trading decision.

＼Deposit and Receive Up to 10,055 USDT!／

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