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The following is an AI generated summary from ICI:
Introduction:
In the world of cryptocurrency, AI is emerging as a promising niche for the next bull run. With significant attention and investments, the intersection between AI and crypto is growing. In this blog post, we will explore some of the best crypto AI plays for 2024, including Akash AKT, Fetch AI, Bittensor TAO, and more.
Akash AKT: The Cosmos Investment with Huge Potential
Among the top crypto AI plays, Akash AKT stands out as a blue-chip Cosmos investment. With a 10% staking APR on Kepler, Akash AKT has significant potential for growth. In August, it went on a crazy run, with its price soaring from 60 cents to 257. The volumes of Akash Network have been increasing, and it recently had a breakout from $1 to $1.45. With its market cap still having a 4X upside compared to its potential, Akash AKT is predicted to be one of the biggest winners for the Cosmos ecosystem in the AI narrative.
Fetch AI: Driving Institutional Adoption in AI
Another noteworthy crypto AI play is Fetch AI. Currently ranked 97 with a fully diluted market cap of 570 million, Fetch AI has seen significant growth. The company is focused on driving institutional adoption and partnering with big organizations. In fact, it has a close partnership with BOS and is deploying pilot projects for their machine learning system. With the founder, Humayun, having a strong background in AI and a clear focus on AI, Fetch AI is positioned well for success in the crypto AI space.
Bittensor TAO: Ahead of Its Time in the AI Field
Buom is positioning itself as a supercomputer in the AI field, building something that might be ahead of its time. The team behind Bittensor TAO is committed and convinced that their project will be relevant for the AI space. With the Hing proposal on its way to pass in real-time on Min scan, garnering 44% support, Bittensor TAO is on track for further development. Stay tuned for the finalization of the proposal on November 26.
Conclusion:
As the crypto industry continues to evolve, AI plays a significant role in driving innovation. In 2024, we can expect crypto AI plays like Akash AKT, Fetch AI, and Bittensor TAO to make waves in the industry. With their unique offerings, partnerships, and market potential, these projects are well-poised to thrive in the growing intersection of AI and crypto.
