Artificial intelligence (AI) and big data are playing an ever-increasing role in all aspects of cryptocurrency investment. From market analysis to predictive analytics and algorithmic trading, AI and Big Data tokens have quickly become a hot topic among crypto traders. With wider interest in AI booming across social media, such tokens are gaining a lot of interest among the crypto community. As we look ahead to 2023, here is our list of top tokens that you should be watching out for within the field of AI & big data-powered blockchain applications.
What are AI and big data tokens?
AI and Big Data tokens are a type of cryptocurrency that is specifically designed to support the development and use of artificial intelligence and big data technologies.
AI tokens are designed to facilitate the development and deployment of AI technologies. They are often used to fund research and development, as well as to incentivize the creation of new AI applications and use cases. Some AI tokens also incorporate machine learning algorithms, which enable them to learn and adapt over time, improving their performance and accuracy.
Big Data tokens, on the other hand, are designed to support the storage, processing, and analysis of large volumes of data. They are used to fund the development of new big data infrastructure and technologies, such as distributed storage systems and data analytics platforms. Big Data tokens also often incorporate blockchain technology, which provides a secure and transparent way to manage and share data.
Both AI and Big Data tokens are still relatively new to the cryptocurrency space, and their adoption and usage are still in the early stages. Nevertheless, they represent an exciting development in the field of cryptocurrencies and have the potential to revolutionize the way that such technologies are developed, deployed, and used.
The Graph (GRT)
As the Web3 world continues to evolve, the need for fast, reliable, and secure data querying is paramount. The Graph, an indexing protocol that enables users to build and publish open APIs, known as subgraphs, offers a solution to this challenge. By ensuring that all data stored and processed in open networks has verifiable integrity, The Graph provides a critical tool for accessing information in this new digital ecosystem.
Features
The Graph’s native ERC20 token, GRT, is used by Indexers, Curators, and Delegators to lock up tokens and secure the network’s indexing and curating services. As a result of its functionality and growing popularity, GRT has earned the top spot on the AI and big data token chart, further cementing The Graph’s position as a key player in the Web3 landscape.
GRT is also the top AI and big data token in terms of market capitalization, with a total market value of over $1 billion. The token is available for trading in top-tier cryptocurrency exchanges like Binance and DigiFinex.
Tokenomics
The token is used to pay for indexing services, which allow developers to easily and efficiently search and retrieve blockchain data, as well as to curate and signal on subgraphs, which are collections of indexed data. GRT also serves as a governance token, allowing holders to propose and vote on network upgrades and parameter changes. The token has a fixed maximum supply of 10 billion, with a significant portion allocated to incentivize network participants and facilitate long-term growth and development.
GRT Price Predication
Looking ahead to 2023 and 2024, there is significant potential for growth in the price of The Graph’s GRT token. With several new partnerships and initiatives expected to be announced, it is likely that the token’s value will reach $0.382 in the near future.
However, before making any optimistic trades, it is important to wait and see if the GRT’s relative strength index moves out of the oversold zone. In light of the volatile nature of the market, it is expected that GRT will have an average trading price of $0.306 to $0.336 in the long-term.
SingularityNET (AGIX)
SingularityNET is a decentralized network of AI services that operate on blockchain technology. It serves as a prominent marketplace for artificial intelligence, with the ultimate goal of creating Artificial General Intelligence (AGI) to advance technological singularity.
Features
Through the platform, developers can publish their services to the network, and users can conveniently access them. They facilitate transactions using the platform’s native currency, the AGIX token. This token also has utility in decentralized community governance and can be staked to contribute to network security and earn rewards.
Overall, SingularityNET’s innovative approach to AI and blockchain technology has positioned it as a leader in the industry. Its dedication to creating AGI and facilitating a decentralized marketplace for AI services underscores its commitment to advancing the field of artificial intelligence. AGIX is available for trading on top centralized exchanges such as Binance, BingX, and Gate.io.
Tokenomics
The token is used to pay for AI services provided by developers and to reward contributors for creating and improving AI algorithms on the platform. AGIX also serves as a governance token, allowing holders to vote on platform upgrades and changes, and is used to incentivize participation and engagement within the SingularityNET community.
The token has a fixed maximum supply of 1 billion, with a portion allocated to incentivize platform growth and development, as well as to fund research and development of AI technologies.
AGIX price prediction
Our SingularityNET price prediction indicates that the token’s value is likely to increase by around 10% and reach $0.56 by mid-2023. Technical indicators suggest that the current sentiment is bullish, while the Fear & Greed Index remains neutral at 50. Over the past 30 days, SingularityNET has experienced 15 out of 30 green days, with a price volatility of 12.06%.
Ocean Protocol (OCEAN)
Ocean Protocol is an innovative ecosystem that centres around data and operates on blockchain technology. Its ambitious goal is to create a New Data Economy that empowers data owners and enables users to extract value from data. The project has launched the Ocean Market, a decentralized platform that allows users to publish, discover, and access data.
Features
The platform’s native token, OCEAN, serves a dual purpose. Firstly, it can be staked for data curation, enabling users to earn rewards while contributing to network security. Secondly, it can be used for buying and selling data on the Ocean Market, facilitating secure and transparent transactions. To ensure the long-term sustainability of the token’s value, they disbursed its supply over time.
Ocean Protocol represents a significant step forward in the evolution of data management and distribution. Its innovative approach to data sharing and its commitment to empowering data owners makes it a promising player in the blockchain ecosystem. OCEAN is available for trading on exchanges like Binance, Bitget, Bybit, CoinW, and CoinTiger.
Tokenomics
OCEAN facilitates dataset trading, with providers earning tokens and buyers using them to purchase data tokens for access. We can stake the token for additional rewards and for governance, allowing holders to vote on funding projects. The supply-capped token has a maximum of 1.41 billion, with allocations for network rewards (65%), acquirers (15%), founders (20%), and community/ecosystem development (5%).
OCEAN price prediction
Our Ocean price predictions suggest profitable investment opportunities, with an average trading price of $0.55 for the year and a maximum price of $0.75. Long-term forecasts from various sources indicate that the price of Ocean Protocol will reach $0.99 by the beginning of 2024, with an average price of $0.70. With the price predicted to exceed $0.95, the OCEAN coin is expected to be a sound long-term investment.
Fetch Network (FET)
Fetch Network is a decentralized machine learning platform that operates on a permissionless, open network, powered by cryptocurrency. The primary objective of the Fetch Network is to democratize access to AI technology, making it easily accessible for anyone to connect and use data.
Features
At the core of the Fetch Network is the FET token. This token enables users to pay for services within the platform while also providing opportunities for staking and earning additional income. By staking FET tokens, users can contribute to the network and earn rewards while supporting the ecosystem. FET is available for buying and trading on Binance and Coinbase.
Tokenomics
FET has multiple use cases, serving as the operational fuel for the network, used for staking to ensure appropriate behavior, and as a unit of payment for exchanging value such as data and services. Additionally, it grants access to Fetch.AI services, including trust and prediction models, as well as Synergetic Computing capabilities.
The total token supply of the FET token is 1,151,441,226 and its current circulating supply is 746,113,681 FET.
FET price prediction
In 2023, FET’s price is predicted to increase in the second half, possibly hitting $0.582963. While the rise may be gradual, there are no anticipated significant drops. The ambitious goal of an average price of $0.544099 seems feasible, given the anticipated collaborations and advancements. They predict the minimum value of FET to be $0.466371.
Oasis Network (ROSE)
Oasis Network (ROSE) is a proof of stake (PoS) blockchain network that aims to be a privacy-preserving platform for open finance, while also ensuring responsible data use. As a base-layer blockchain, like Ethereum or Bitcoin, Oasis is designed to offer the benefits of data confidentiality and significant throughput gains of up to 1,000 transactions per second (TPS).
Features
Privacy is a significant challenge for blockchain adoption, and Oasis Network aims to address this through its privacy-centric blockchain protocol, which supports decentralized data economy and open finance. ROSE serves as the native token of Oasis Network, which debuted in November 2020. The token is utilized for a variety of purposes, including paying transaction fees, delegation on the consensus layer, and staking by validator nodes.
Tokenomics
The mainnet launch added roughly 1.5 billion ROSE tokens to the circulating supply. As of March 2023, just over 5.7 billion ROSE tokens were in circulation, making them available for use on the Oasis Network. The token is available for trading on major exchanges like Binance, KuCoin, gate.io, and CoinEx.
ROSE price prediction
We project ROSE to have a substantial surge in the latter half of 2023, with the potential to reach $0.096726. Although the rise will be gradual, significant declines are not expected. Aiming for an average price of $0.090278 is ambitious, but achievable in the near future due to anticipated partnerships and advancements. A minimum value of $0.077381 is projected for ROSE.
iExec (RLC)
iExec (RLC) is a decentralized computing platform that was established in 2016, offering an alternative to the traditional cloud computing model. Today, iExec is at the forefront of blockchain-based decentralized computing, providing a Web3 marketplace and a set of tools for individuals interested in creating oracles.
Features
The RLC token, which stands for “Run on Lots of Computers,” serves as the operating currency of the iExec marketplace, providing users with the ability to trade computing assets in a decentralized manner. Users can buy and trade RLC on Bitforex, Binance, and Bitget.
Tokenomics
RLC tokens have a total capped supply of 87 million, with 69% sold in a public crowdsale during the ICO. They allocate the remaining tokens for the iExec team (17.2%), emergency contingency fund (6.9%), and ongoing development (6.9%). This means that no new tokens will be minted, and RLC can only be obtained through purchase, rewards, or providing liquidity on a RLC-supported DEX.
RLC Price Prediction
If the bullish momentum continuous throughout the second half of 2023, we expect iExec RLC to have a minimum value of $2.17 and a maximum value of $2.51, with an average trading price of $2.25.
The future of AI and big data tokens
AI and Big Data tokens offer a unique solution to the challenges of processing large datasets and developing advanced AI technologies by leveraging the security and transparency of blockchain technology.
Although such tokens are still relatively new in the wider crypto market, going forward, they can lay a critical role in a wide range of industries, including finance, healthcare, and logistics. With the ability to streamline data processing, increase security and transparency, and unlock the potential of AI technologies, these tokens have the potential to revolutionize the way we interact with data. As more companies and organizations realize the benefits of these technologies, we can expect to see continued growth in the demand for AI and big data cryptocurrency tokens, driving innovation and shaping the future of the digital economy.
Conclusion
To sum it up, the AI and big data cryptocurrency tokens discussed in this article are some of the most promising projects in the blockchain industry. These tokens aim to leverage the power of AI and big data to revolutionize the blockchain and DeFi sector. As the world becomes more data-driven, the importance of these tokens and the technology they represent will only continue to grow.
Like with all cryptocurrencies, It’s important to do your own research and carefully consider the risks before making any investment decisions regarding these tokens. With that said, we hope this article has provided some valuable insights into the exciting world of AI and big data cryptocurrency, and we look forward to seeing how these projects evolve and shape the future of technology.
