Crypto Fans Are Loving ChatGPT. Now, Theyre Investing In AI Cryptos.

Illustration of a hand indicating to touch an "AI" virtual graphic.

Artificial intelligence (AI) has been the buzzword of 2023 so far, and it's likely to disappear soon. With the growing popularity and availability of tools like OpenAI's ChatGPT , more people than ever are interacting with AI. According to some , this is the beginning of the "Black Mirror" episode . Others see artificial intelligence as the beginning of a new era of industrialization that corresponds to the age of the Internet. Not surprisingly, it is the crypto community that embraces the technology with open arms. These investors are now profitably investing in AI cryptocurrencies - some useful and others promotional.

The breadth of uses for artificial intelligence makes it a market of limitless possibilities. With ChatGPT, programmers can find errors in their work, authors can find hints to improve their work, and students can learn new concepts more easily than sifting through walls of data. Other programs also allow you to create images or audio using multiple pointers.

Of course, cryptocurrency enthusiasts are embracing this technology as it relates to blockchain. Some are asking AI models what the future holds for assets like Bitcoin ( BTC-USD ). Others turn to these models for financial advice. Developers are turning to artificial intelligence to create new profitable projects. Some of these projects have been around for a long time, even before ChatGPT. Some people capitalize their game text and make it successful.

So, what are the most popular AI cryptocurrencies investors are investing in today? Here are some of the most famous names at the moment:

SingularityNET (AGIX-USD)
Fetch.ai ( FET USD )
Artificial Liquid Intelligence ( ALI-USD )
Ocean Protocol ( OCEAN-USD )

AI Cryptos: SingularityNET (AGIX-USD)

When it comes to the AI cryptocurrency market frontier, the AGIX SingularityNET token ( AGIX-USD ) is unmatched. The project is valued at more than $420 million and has come a long way since its launch in 2018.

SingularityNET has many tools in its network and can be considered as a kind of "artificial intelligence market". It uses blockchain technology to publish multiple AI services that users can browse, buy, install, and run on the same network. It certainly comes with many of the bells and whistles expected from a cryptocurrency network with an intuitive participation service and Metaverse experience.

One of the great benefits of SingularityNET from a developer perspective is that you can upload your own AI tool to the network. SingularityNET Publishing Services does a great job of getting the product to the right people and then growing the dataset by getting them to download and "train" the AI.

In 2023, when the AGIX cryptocurrency rose from 4 cents to 65 cents, this cryptocurrency increased by more than 1500%.

Fetch.ai (FET USD)

© Courtesy of Investorplace News Cryptocurrency Fetch.AI (FET) logo displayed on a smartphone with the words "Buy" and "Sell" below the logo and a financial graph in the background. Source: Shutterstock.com/Maurice NORBERT

The success of Fetch.ai ( FET-USD ) and SingularityNET certainly points to the future of AI. Apparently due to the popularity of these two crypto-enthusiasts are using artificial intelligence to automatically match and process transactions.

Fetch.ai is not limited to running AI tools, it enables people from all industries to interact without human intervention. Instead, the Fetch network uses AI to negotiate trade terms on behalf of both parties. Once the terms of a transaction are accepted, that transaction is processed on the blockchain using FET.

FET Fetch.ai cryptocurrency is not much smaller than SingularityNET. Market value - 307 million dollars. The token increased by 555% year-to-date to 59 cents.

AI Cryptos: Artificial Liquid Intelligence (ALI-USD)

Like the other AI-powered cryptocurrencies described here , Artificial Liquid Intelligence ( ALI-USD ) and ALI cryptocurrencies provide the foundation for a world of decentralized AI-powered applications, limited only by the creativity of developers. But this name has a technology that may give it an edge over others.

The most interesting part of the ALI ecosystem is the CharacterGPT tool. The tool allows users to describe symbols in plain language. Using this proposition, ALI's artificial intelligence technology creates a unique and fully interactive character. dapp developers can use this tool to create their own icons according to the needs of their users. Since its inception, this tool has been able to change the way developers present their products and services to customers.

ALI is one of the youngest AI cryptocurrencies representing a growing market. Since the beginning of 2023, ALI has increased by 900%.

Ocean Protocol (OCEAN-USD)

Ocean Protocol ( OCEAN-USD ) was once among the top 100 cryptocurrencies in the world by market capitalization. Of course, time has passed and a lot has changed since then. The market is not as optimistic as in 2021. However, the rise of cryptocurrency AI as a subculture of crypto-investment may return the OCEAN cryptocurrency to its former glory.

Unlike its counterparts on this list, Ocean Protocol is not AI-powered cryptography. It does not use artificial intelligence. Instead, Ocean Protocol deals with something inextricably linked to the AI market: data.

While SingularityNET is a marketplace for artificial intelligence, Ocean Protocol is a marketplace for data. It connects the owners of valuable information with the consumers who need that information. Given that AI must constantly consume new data to become more reliable, it becomes clear where the role of the network begins. AI developers turn to Ocean to power their valuable databases and tools.

At the beginning of 2023, OCEAN showed the most stable trajectory of the group. The token, which is worth just 55 cents, has appreciated more than 240% this year.

Small cryptocurrencies and small volumes: InvestorPlace does not publish comments on cryptocurrencies with a market cap of less than $100 million or a daily trading volume of less than $100,000. Because these "penny cryptocurrencies" are often a breeding ground for fraudsters and market manipulators. When we publish a comment about a small-volume cryptocurrency that may be affected by our comment, we ask InvestorPlace.com writers to disclose that fact and warn readers of the risks.

Read more: How to avoid popular cryptocurrency scams

At the time of publication, Brenden Ryrick had no position (directly or indirectly) in any of the securities mentioned in this article. The opinions expressed in this article are those of the author in accordance with InvestorPlace.com's disclosure policy.

Brenden Ryrick is a financial news columnist for InvestorPlace Today's Market team. Focused primarily on digital assets and technology stocks, particularly cryptocurrency and DeFi regulation.

More from InvestorPlace

Message Crypto enthusiasts love ChatGPT. Now they are investing in AI Cryptos. appeared first on InvestorPlace.