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The AI sector has been a leading performer in the blockchain market in 2024. Projects like Fetch.ai (FET), Render (RNDR), Ocean Network (ROSE), and Injective (INJ) have led market returns with exceptional performance.
The sector has received significant attention because of the potential of the AI industry. Consumers seek advanced solutions leveraging cutting-edge technology and delivering real-life use cases.
Today, we’ll explore some of the most promising AI cryptos and what makes them special.
Fetch.ai (FET) Makes Historic Growth as Project Announces $100M Funding
Emerging AI platform Fetch.ai (FET) made history when it announced that it would provide high-end NVIDIA GPUs to train AI models. The $100 Million in funding was sourced from the project’s ecosystem and is expected to skyrocket growth across the broader AI segment.
The project titled “Fetch Compute” provides developers with access to GPU computing resources by staking the FET token. As a result, FET price witnessed a historic growth of over 240.8% in the past month.
Since the program’s announcement, the project has become a top 60 crypto project with far-reaching applications yet to be announced.
Render (RNDR) Shows Impressive Growth as NVIDIA Announces AI Conference
The Render Network (RNDR) was a leading performer in the AI segment in 2024. The project witnessed a price increase of 124% in the past month, resulting from exceptional network performance. The platform’s development infrastructure and the ongoing Nvidia Developers Conference are key factors driving the project’s growth.
The project was a critical stakeholder in rendering tasks, including enterprise projects such as the mapping for the Las Vegas Sphere. Leading analysts expect RNDR to remain a leading project in the AI segment as demand for Generative output hits new heights.
However, most investors in the AI segment are turning their attention towards the emerging DeFi project, Algotech.
Algotech (ALGT) Leads AI Gains As Presale Crossed $2.4M
Emerging algorithmic trading platform Algotech (ALGT) is surpassing all expectations in its current presale. Within two weeks, the platform surpassed the $2 million milestone in its public presale and sold over 60 Million ALGT tokens.
DeFi platform Algotech turned heads with its record-breaking presale. Within days, the platform hit the $2.4 million milestone and reached 5,000 unique holders. The platform has sold over 50 Million ALGT tokens based on current figures.
Algotech is a cutting-edge trading platform that features advanced algorithms and machine learning. Traders have expressed interest in the platform because of features like breakout detection, mean reversion, and high-volume arbitrage.
Early investors will have access to governance rights and profit shares from the platform’s trading fee. Investors are jumping at the chance to invest in the ALGT token at $0.06 before the price goes up to $0.08 in the next round. Some experts have predicted that the token price could potentially hit $1 once the project is listed on major exchanges.
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Serena James has worked as a writer for different media houses in the past. Currently, she is working as a fundamental writer for thecoinrepublic, covering decentralized finance. When she isn’t writing, she can be found skimming and scanning Twitter and other websites to produce mind blowing breaking stories.
