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- 1 Render (RNDR), Fetch.ai (FET), and SingularityNET(AGIX) are the top 3 Crypto AI coins showing a surge.
- 2 Various factors like market demand, supply, and investor sentiment play a huge role in surging the crypto market.
The important development in AI technology has lightened up a surge in Crypto AI coins. Growing interest in the Crypto sector is also responsible for this hype. However, it is important to keep in consideration that the Crypto market is highly volatile and shows rapid fluctuations. Some AI coins showing significant gains in recent times are discussed below.
1. Render (RNDR)
Render (RNDR) is an AI crypto-token built on the Ethereum blockchain. It has positioned itself as equivalent to NVIDIA. Render provides a solution in graphics that disrupts the traditional computational models.
The Render network is planned to be more affordable, accessible technologies that could change AI computing which ease the pressure in the semiconductor industry. This method of computing is built on blockchain and cloud-based technology which can handle difficult AI processing. It may be less dependent on hardware GPUs and makes better use of those devices.
It performs the rendering tasks fast and effectively. This is due to the network’s ability to split the effort among many GPUs. The investors that give their GPUs are known as node operators.
The tokens acquired can be used to pay for a variety of rendering services. This will in turn help to support the micro economy in which RNDR is the sole form of payment accepted. It is also used as a medium of trade.
RNDR serves as a utility token that is used to pay for rendering, animation, and motion graphics. It is a utility token of the Render Network, a provider of decentralized GPU-based rendering solutions. Creators can utilize the GPU power to render the images at high speeds. Creators get rented spare GPU from the node operators and receive RNDR tokens for time spent rendering.
2. Fetch.ai (FET)
Fetch.ai is a decentralized machine learning platform for applications such as asset trading, and energy grid optimization. It facilitates the secure, scalable, and cost-effective use of artificial intelligence to complete tasks on behalf of organizations and individuals.
It utilizes blockchain technology and artificial intelligence together. The platform allows the creation of smart contracts that are powered by AI, which facilitates agents to interact and complete tasks without the need for intermediaries.
FET token is utilized for performing payments for the services taken. It is needed to find, create, use, and instruct autonomous economic agents.
3. SingularityNET (AGIX)
SingularityNET (AGIX) is a platform powered by blockchain. It facilitates artificial intelligence services to build, share, and monetize. It provides unrestricted access to algorithms and applications.
AGIX is the native token to facilitate transactions and encourage participation in the network. It is also used for providing rewards and also for paying for the services of AI. The token is used for governance, transactions, and management throughout the platform.
Nancy J. Allen is a crypto enthusiast, with a major in macroeconomics and minor in business statistics. She believes that cryptocurrencies inspire people to be their own banks, and step aside from traditional monetary exchange systems. She is also intrigued by blockchain technology and its functioning. She frequently researches, and posts content on the top altcoins, their theoretical working principles and technical price predictions.
