What are artificial intelligence (AI) cryptocurrencies?
Simply said, AI cryptocurrency is a digital token that fuels blockchain-based initiatives based on artificial intelligence. Due to the flexibility of AI, AI-based cryptocurrency projects come in different shapes and sizes. This includes games, web3, decentralized marketplaces, tracking, and more.
In fact, some of the best altcoins in the current cryptocurrency market use artificial intelligence technology in some way. Regardless of the type of project, AI integration can make cryptocurrency platforms more efficient and more resilient — which will prepare a new generation of digital tokens that will revolutionize the way we interact with technology.
What can AI cryptocurrency be used for?
Every AI cryptocurrency project is unique in its own way. This is because every cryptocurrency project is structured with differently composed goals, and artificial intelligence is only a means to achieve those goals.
To illustrate the point, here are some ways AI can be paired with cryptocurrencies for different use cases:
Some of the best cryptocurrency tools on the market already employ artificial intelligence for market and social media analysis. For example, Dash 2 Trade is an emerging cryptocurrency analytics platform that uses AI to scan platforms like Twitter to gauge public opinion about certain digital currencies.
Artificial intelligence can be used to help predict prices, identify risks, and speculate on the future growth of cryptocurrencies.
AI can also help build geographically dispersed autonomous agents, which are essentially coded programs that can make their own decisions. For example, Fetch.ai is an AI cryptocurrency project that deploys Direct Anonymous Attestation (DAA/Direct Anonymous Attestation) as an assistant that handles almost everything from buying and selling products to bookings.
Another prominent role of artificial intelligence is in the field of games. Many cryptocurrency games, such as Meta Masters Guild, benefit from artificial intelligence, creating a diverse and versatile platform for gamers.
These are just some of the application cases of artificial intelligence in the field of cryptocurrency. In other words, AI initiatives for cryptocurrencies can serve a wide range of utility functions and purposes.
The AI cryptocurrency industry is still in its infancy, so we can expect many more innovative products in the near future — thanks to the success of projects like Fetch.ai, SingularityNET, and Meta Masters Guild.
Should you invest in AI cryptocurrencies?
In the next few years, we are likely to see artificial intelligence have a significant impact on the cryptocurrency industry.
However, investors may also want to get a clear idea of what the AI-cryptocurrency hybrid brings to the table and how it can benefit their long-term portfolios.
Here are some key reasons to consider investing in AI cryptocurrencies.
Multiple application functions
As mentioned above, artificial intelligence has the potential to transform the cryptocurrency industry. This is mainly because the concept of artificial intelligence is very versatile and can be used across multiple fields.
This means that we could see a wide range of AI Blockchain projects emerge with innovative application features.
However, this also means that investors will have to do their due diligence to find the best futuristic cryptocurrency projects that fall into the AI space.
easy to diversify
From the previous section, there is also room for diversification in the AI cryptocurrency space.
As we have already discussed, AI cryptocurrencies have multiple use cases and can be used across a wide range of industries.
Whether investors are looking for AI multiverse cryptocurrencies, play-and-earn tokens, or digital currencies with real-world applications, there will be no shortage of options.
This means investors are free to choose the industry that best fits their strategy and objectives.
decentralized
AI has been around for decades, so — technology has found its way into most of the services we use today. Some investors may be wondering whether they should invest in artificial intelligence stocks or cryptocurrencies.
The answer lies in decentralization. Unlike stocks of AI-related companies, cryptocurrencies are not subject to any restrictions that apply to centralized entities. This means they are permissionless and can be used from anywhere in the world.
AI cryptocurrencies are still in their infancy
Despite the rapid development of artificial intelligence, the technology is still not widely used in the development of cryptocurrency projects.
For example, according to Coinmarketcap, there are currently over 20,000 cryptocurrencies on the market, of which only over 120 are projects using artificial intelligence.
In other words, by purchasing AI crypto tokens at an early stage, investors have the opportunity to profit from the potential growth of the industry.
In addition, investors can also choose projects in the early stages of development such as MEMAG to obtain very favorable entry prices.
development potential
All these factors point to a lot of potential for growth in the AI cryptocurrency space.
As artificial intelligence finds more application functions in the global market, the demand for AI cryptocurrency projects may follow.
Ultimately, those looking for the next explosive cryptocurrency might consider projects employing artificial intelligence — such as the Meta Masters Guild project and its native MEMAG token.
in conclusion
By integrating technologies such as machine learning and decentralized ledger technology, artificial intelligence has the ability to fundamentally change the cryptocurrency industry. This combination can bring innovations to different industries and fields, such as gaming, finance, business development, etc.
One of the best ways to invest in AI cryptocurrencies is to get involved in projects at an early stage. For example, Meta Masters Guild, a brand new AI gaming platform, is on pre-sale at the time of writing. The project aims to create a mobile-centric decentralized gaming ecosystem — and prepare it for long-term growth.
