AI Coins: The Best Crypto to Buy Today?

Following Nvidia's impressive profits, investors are keeping an eye on AI-based cryptocurrencies that have the potential to be the top choice for investment today.

Top Crypto Picks for Today – SingularityNET, Worldcoin, Render

🚀 As major cryptocurrencies remain mostly stuck within recent ranges as the market takes a breather following its recent bull run, investors looking for a better chance of quick gains are looking at AI coins that could be the best crypto to buy today.

📉 Bitcoin (BTC) was last trading around $51,500, wedged within its recent $51,000-$53,000ish week-long range. Slowing inflows into spot Bitcoin ETFs, which attracted just 500 tokens on Wednesday, could be to blame for waning momentum. Still, Bitcoin remains a top candidate for best crypto to buy today. FundStrat’s head of research Tom Lee just predicted on CNBC that ETF inflows, the halving, and Fed easing could launch the price to $150,000 this year.

📈 Ether (ETH), meanwhile, was consolidating close to but just below $3,000. Analysts at Kraken think it could soon hit new record highs above $5,000 after breaking a long-term ascending triangle pattern. But with the two largest cryptos taking a breather, those hoping for quick gains might want to look elsewhere.

The Surge of AI Coins

AI Coins – The Best Crypto to Buy Today?

💡 One sector performing well on Thursday are cryptocurrencies that boast artificial intelligence use-cases. That’s because AI titan Nvidia has pumped 15% on Thursday following a blockbuster earnings release. Nvidia, the world’s largest semiconductor company, has gained well over $1 trillion in market cap in the last 12 months as it solidifies its position as the market-leading infrastructure provider to the fast-growing AI sector. And fast-growing profits suggest the AI sector is in rude health, hence why AI cryptos are pumping.

SingularityNET (AGIX)

✅ Market-leading blockchain-based decentralized AI marketplace SingularityNET (AGIX) has pumped a stunning 44% on Thursday, as per CoinMarketCap. That’s taken its market cap to nearly $1 billion and the AGIX price above $0.70 for the first time. That’s a stunning 20x rally from its 2022 lows, when it fell to the $0.03s per token. Given its still modest market cap of under $1 billion, AGIX has plenty of upside potential. With 5x gains possible, AGIX could be the best crypto to buy today.

Worldcoin (WLD)

✅ Worldcoin (WLD), which was created by OpenAI’s Sam Altman and underpinned by the idea of “proof of personhood”, is also pumping, up around 40% in the past 24 hours as per CoinMarketCap. WLD has been rallying hard recently, aided by OpenAI’s release of a new AI product called Sora. Hitting 1 million users has also helped WLD. Given its also modest market cap of just over $1 billion, WLD also has a lot of upside potential. WLD is likely to remain a candidate for the best crypto to buy today for some time.

Render (RNDR)

✅ The Render Network’s RNDR token pumped up 25% on Thursday, closing in on record highs around $7.80. The protocol is a decentralized network allowing individuals to contribute their unused GPU power to help projects render motion graphics and visual effects. Investors seem to think that demand for the network will rise given fast-rising demand for AI-generated content. Render is arguably positioned as something of the “Nvidia” of crypto, given it could become a key AI infrastructure provider. With a market cap of still under $3 billion, its upside potential is huge.

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Alternative to Consider: Crypto Presales

🆕 The above-noted coins offer the prospect of decent 3-5x gains. But traders with an even higher tolerance for risk ought to consider an alternative investment strategy with a higher potential pay-off – investing in crypto presales. Crypto presales are where web3 start-ups raise funds for platform development via the discounted sale of their native crypto tokens. Presale investing carries risks akin to investing in start-ups, so investors should always do their due diligence. With so many presales vying for investment funds, it’s difficult to keep track of the best opportunities.

🔥 Here are some of the top projects, as per analysts at Blocking.net: 13 Best Crypto Presale Projects for 2024.

💡 Disclaimer: Crypto is a high-risk asset class. This article is provided for informational purposes and does not constitute investment advice. You could lose all of your capital.

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QQA001:

Q: Is investing in AI coins more risky than investing in major cryptocurrencies like Bitcoin and Ethereum?

A: Investing in any cryptocurrency comes with risks, but AI coins can be considered more speculative due to their niche market and potentially higher volatility. It is important to conduct thorough research and due diligence before investing in any cryptocurrency, especially those with specialized use-cases like AI coins.

QQA002:

Q: What factors contribute to the success and growth of AI coins?

A: The success and growth of AI coins can be influenced by several factors. These include the performance and reputation of the underlying AI technologies, the overall market sentiment towards AI, partnerships and collaborations with relevant industry players, and regulatory developments. Additionally, investor demand and market trends can also impact the growth of AI coins.

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Future Outlook and Investment Recommendations

The future of AI coins appears promising, as the demand for artificial intelligence continues to grow rapidly. With major players like Nvidia leading the way in AI infrastructure and profitability, AI coins have the potential for significant gains. However, it is essential to consider the risks associated with investing in any cryptocurrency and to diversify one’s portfolio accordingly. Conducting thorough research and staying updated on market trends and news can help investors make informed decisions.

Based on the current market trends and the potential for growth in the AI sector, SingularityNET (AGIX), Worldcoin (WLD), and Render (RNDR) are worth considering as investments. These coins have shown impressive gains and possess the potential for further growth with their unique AI use-cases. However, it is essential to assess personal risk tolerance and investment goals before making any investment decisions.

Note: Investment decisions should always be made based on individual preferences, risk tolerance, and thorough analysis of the market. It is advisable to consult with a financial advisor before making any investment decisions.

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References:

1. Bitcoin Needs to Address Scaling as ETFs Drive Momentum
2. Tom Lee Predicts Bitcoin’s Price Could Hit $150,000 by the End of 2024
3. Bitcoin Halving 2024: Miners Predict Potential Outcomes of Reduced BTC Rewards
4. How Will Bitcoin Price React to the Fed’s Policy Shift? Benjamin Cowen Provides Insights
5. 13 Best Crypto Presale Projects for 2024

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