Did you know Microsoft has poured over $2 billion into AI? The AI sector in crypto is booming, with an outrageous $38 billion market cap right now. And it’s only going to grow.
Microsoft currently backs lots of AI projects. But they haven’t revealed their lists. When they do, those projects will skyrocket. So, after studying the market, we have AI projects that are likely on that list. The goal is for you to get in early. In today’s article, I’m diving into four AI altcoins that are likely backed by this tech giant that you NEED to have on your radar.
From automation to enhanced security, these tokens are revolutionizing everything. Ready to diversify your portfolio with some game-changing investments? Let’s get into it!
1) ChainGPT
The first on our list is Chain GPT, a project we’ve talked about in the past. With a market cap of $40.4 billion, this project still has a lot of room for growth. That’s why you need to keep an eye on it. What do they do? They’ve got this advanced AI model specifically designed to tackle blockchain and crypto-related challenges. Think of it as the ChatGPT of the crypto world.
Source: X
ChainGPT is a game-changer for anyone involved in the web3 space. Whether you’re a retail user or running a business, it offers quick, accurate, and up-to-date answers about the blockchain industry. It’s packed with features like:
- Blockchain analytics.
- AI trading.
- Smart-contract development.
- AI auditing.
- Risk management.
And that’s just scratching the surface. Developers can use ChainGPT to create new apps or integrate them into their existing ones. Imagine having an AI chatbot and code assistant at your fingertips, helping you solve issues in Solidity and other smart contract languages. It’s like having a blockchain genius on speed dial.
Source: X
Plus, to access all these amazing tools and services, you’ll need to hold the $CGPT token. This not only gives you access but also allows for staking and voting opportunities, adding more value to your investment. CGPT currently trades at $0.21. There’s a lot of room for growth. They are already listed on Bybit, KuCoin, and Gate.io. Diversifying your portfolio with this project is a smart move.
Phala Network
The second on our list is the Phala network. They are one of the AI projects primed to take off. First, they have a strong investor presence having raised $10 million in two rounds of funding. Second, they operate in a high-demand market. And that’s AI and DePIN.
So, Phala Network focuses on enabling secure and privacy-preserving computing on the blockchain. This means they are all about keeping things private as you interact with the blockchain. Of course, they use a lot of advanced technology for this.
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They use trusted execution environments (TEEs), to create secure enclaves. This means data can be processed privately and securely. What’s their core goal? Phala Network wants to bridge the gap between privacy and computation.
They are on the frontline of a new wave called confidential computing. Phala Network’s privacy-preserving computing feature is relevant across various sectors. We are talking about:
- DeFi.
- Supply chain management.
- Artificial intelligence.
- Machine learning.
More About Phala Network
There’s a huge demand for data privacy in crypto right now, and the Phala Network has a unique approach to addressing this. Its ability to process data privately while staying transparent and secure makes it stand out. The project recently introduced AI-agent contracts to meet the demand for autonomous, intelligent applications.
Source: X
Think of their AI-Agent Contracts as an AI coprocessor within the blockchain network. It plays an important role as a coprocessor. These contracts help the demanding computational requirements of AI algorithms. They help in building dapps that are not only reactive but proactive. They can learn from interactions, analyze complex data sets, and make decisions at a level that’s close to human intelligence.
PHA, the native token of the Phala Network, is at a good entry point now. It trades at $0.201. But with backing from top AI investors, we expect more funds to flow into this project. This means more development.
3) Hooked Protocol
Another of these ai altcoins is Hooked Protocol. Web education is a budding sector. Already, former Binance CEO Changpeng Zhao indicated an interest in that space. So, there’s massive potential for projects in that market. Hooked Protocol is backed by guys like:
- Binance Labs.
- Animoca Brands.
- Sequoia.
- Primitive.
Source: X
Hooked is a gamified social learning platform. They’ve got this learn-and-earn feature that makes web3 education fun. They plan to address 3 main problems with web3 adoption:
- Poor user motivation.
- high barriers to entry.
- Lack of Web3 education.
So, the team designed Hooked Protocol to help onboard more people to Web3. But what’s different about them? They gamify Web3 learning. First, they have their Hooked Academy where new users can learn more about Web3. Next, they have a social referral feature to grow their community. So, you get A for bringing B. That sort of thing. Finally, they provide an onboarding solution for Web3 businesses. These solutions include built-in wallet solutions:
- One login with Hooked DID infrastructure.
- User growth engine.
Source: X
With Hooked, anyone can easily grasp what blockchain is all about. And earn from that process. Their HOOK token is for staking, governance, and other in-house staff. Hooked currently has a market cap of $148.4 million. It trades at $0.9161.
So, if you are interested in Web3 education, holding a small amount of this token won’t hurt your portfolio. Their biggest bet is that Binance Labs backs them. And we expect Web3 education to be a big deal soon.
4) Covalent
The last of these ai altcoins is Covalent. Covalent operates in the data market. It is a data infrastructure project that helps people access blockchain data. Querying blockchain data is often stressful. But Covalent has indexed entire blockchain histories. It has made these data available and truly interoperable.
Covalent provides developers with a complete data suite through a single API by indexing all of the block’s data. This includes addresses, transactions, and contract interactions. This improves dApp speed and services by minimizing the need for initial setup procedures. Covalent caters to different parts of the blockchain market:
- DeFi analytics.
- Gaming integrations.
- On-chain forensics.
- NFT platforms.
There’s a huge demand for ai altcoins like Covalent as developers seek accurate data. That’s it for our list today. Let me know what you think of these ai altcoins.
Disclaimer
The information discussed by Altcoin Buzz is not financial advice. This is for educational, entertainment, and informational purposes only. Any information or strategies are thoughts and opinions relevant to the accepted levels of risk tolerance of the writer/reviewers and their risk tolerance may be different than yours. We are not responsible for any losses that you may incur as a result of any investments directly or indirectly related to the information provided. Bitcoin and other cryptocurrencies are high-risk investments so please do your due diligence. Copyright Altcoin Buzz Pte Ltd.
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