The 9 Best AI Crypto Coins To Buy In 2024

Artificial intelligence is a technology trend this year thanks to the launch of ChatGPT, and the crypto industry is not left behind as several projects integrate AI into their services. Soon, the best AI crypto coins will be those that best merge artificial intelligence and Web3.

This guide dives into projects making strides in this regard. The cryptos we touch on are those we believe are building amazing products and have a good chance of becoming household names, at least in the crypto industry.

We look at what they do, why they may be good investments and the most prominent risks in investing in them.

The Best AI Crypto Coins in 2024

The Top AI Crypto Coins Reviewed

What is an AI Crypto?

An AI cryptocurrency is one that uses artificial intelligence to enhance its operations or offer a service. It also includes projects that allow developers to create and run AI models, like Render which provides computational power needed to run AI models.

In truth, a significant number of projects that purportedly use AI, do not. Many of them are gimmicks that latch onto AI crypto projects as a trend to attract users. A good example are most meme coin AI crypto projects that have AI attached to their names.

How Do You Store AI Cryptocurrencies?

AI cryptocurrencies can be stored the same way all other cryptos are stored, on a software crypto wallet, on a hardware wallet, or on a crypto exchange.

A software crypto wallet can be downloaded on a phone as an app or on a laptop either as an application or a browser extension. A good example of a software crypto wallet is MetaMask.

A hardware wallet, also called a cold wallet, is a device that stores your private keys offline, making it harder to hack. It is currently the safest storage type. A good example is the Ledger Nano S.

Crypto exchanges usually store users’ crypto on account wallets. They are easy to operate and access. However, you are not in possession of the private keys and a black swan event like legislative action or bankruptcy could result in a freeze or loss of funds.

Are AI Cryptos Safe?

The safety of AI cryptocurrency depends on their function and the storage solution you choose in your portfolio management. Cryptos that have a clear function that is needed, an active user base, and no active legislative cases tend to fare better than those without these qualities.

However, longevity depends on the crypto’s utility.

How Do AI Crypto Coins Work?

There is no specific way in which AI crypto coins work that is vastly different from coins of other categories. The ultimate factor is the project’s function and how the coin interacts with the ecosystem.

Some AI coins are used to pay for services, like with the Render network. Some are used to signify membership and exert ownership, like Alt Signals. While some are yield bearing, like ArbDoge AI.

What are AI Cryptos Used for?

AI coins are mostly used to access blockchain data networks or dApps that use AI in their services offerings or to complete tasks. How the crypto is used depends on the ecosystem design and while we’ll list the possible functions of AI cryptos, they should not be misconstrued as the functions of the networks themselves.

Payment For Services

AII cryptos are used to access services that are AI-powered or used to support AI-related products. A good example is Render which provides the computational power to run AI models.

Governance

AI coins also serve as ownership tokens in projects and grant its holders the right to vote on the crypto project proposals.

Yield Generation

Some AI cryptocurrencies accrue yield for its holders. However, this is not a result of them being AI tokens, but being able to generate profit through various means that utilize AI and then distributing the profits to holders. A good example is Shiba Memu.

How Does Cryptocurrency and AI Overlap?

Smart Contract Code Audits

Using the power of artificial intelligence, developers of AI crypto projects can carry out detailed smart contracts audits, doing its own research to spot weaknesses and loopholes that humans easily miss. Smart contracts audits can also be automated and made much faster with ever-increasing efficiency as the models of AI crypt projects learn and adapt.

Enhanced Trading Strategies

Platforms and crypto projects like Alt Signals use AI to create and run automated trading strategies that allow humans to keep up in the ever-running crypto market. These AI crypto projects models can detect slight market changes as they are happening and react with their AI technologies superhuman speed, increasing profitability in the long run.

Automated Marketing Strategies

Platforms like Shiba Memu use AI to analyze market trends and data, develop innovative marketing strategies, write press releases and blog pages, and execute them in real-time. The AI continually works to improve its strategies to maintain the profitability of its AI cryptocurrency.

Is AI Crypto a Good Investment?

AI cryptos can be a good investment provided the services, networks, and platforms they support are successful. Before buying any AI crypto coin, ensure you understand what the platform does. Luckily, you do not need to understand technical AI jargon for the crypto projects beforehand.

A good question to ask is if you would use the platform of the AI crypto projects. However, you must adopt the persona of its intended users. Not all platforms serve AI services for everyone. For example, crypto projects like Render have no utility for the average trader while Alt Signals is not useful for an animator.

How to Buy the Best AI Cryptocurrencies

This guide shows you how to buy the best AI cryptocurrencies on a crypto exchange.

1. Open an Account

Navigate to the exchange’s website and open an account. Fill out the form with your full name, email address, and password. You can also download the app from the Play store or App store.

2. Verify Your Account

Set up your profile and submit KYC documents like a valid government ID and proof of residency like a utility bill.

3. Deposit Funds

Once your account has been verified, deposit funds by using any of the available payment methods. Choose a convenient method and set the amount you’d like to deposit.

4. Buy a Fast Growing Crypto

Once your account is funded, search for any of the cryptos mentioned. An interface like the one below should load. You can then set your parameters and buy.

Where to Buy New AI Cryptocurrencies

To get your hands on new AI cryptos like Shiba Memu that are still in presale, you’ll have to purchase them directly on their websites using a crypto wallet. We created a guide to help you do that.

Step 1: Download A Wallet

We used the MetaMask wallet for this guide. Download the wallet app on your phone or use the web platform via a browser extension on your laptop. Create a new wallet. Ensure you keep your seed phrase safe and offline.

Step 2: Buy Some Crypto

You can buy SHMU on both Ethereum and BSC networks. To save on gas, you may want to use the BSC network. You’ll need BNB to buy new SHMU tokens. Buy some on an exchange like eToro and transfer to your wallet, or use a fiat onramp on the wallet app.

Step 3: Connect Wallet

Navigate to Shiba Memu’s website and connect your wallet to join the presale. You can do this from the in-built browser on the mobile app. Buy SHMU tokens using BNB. Ensure you have enough to pay for gas fees.

Step 4: Wait To Claim

You’ll need to wait until the presale is over to claim your tokens.

The Latest AI Crypto Project News

AI tokens like SingularityNET and Ocean Protocol skyrocket following Microsoft’s $10 billion investment in OpenAI.
Altered State Machine and FIFA team up to develop an AI powered football management game for mobile called AI League.
iExec RLC launches new tools that allow brands and developers launch marketing campaigns while protecting user data.

Final Thoughts On The Best AI Crypto To Buy

We explored the best AI cryptos to buy and chose iDEGEN as our top choice because of its potential to use AI to disrupt the marketing space and generate returns for its holders. The token is also in presale and is therefore cheap.

Nonetheless, all the other projects on our list are great options for investors looking to tap into the earning potential of the Web3 AI space or for companies looking to leverage cheap, decentralized AI technologies.

Whichever camp you belong to, you can invest in cryptos using a broker or exchange.

Methodology - How We Picked The Best AI Crypto

The projects covered in this guide were chosen through rigorous research and reviews. We paid attention to security, transparency, reputation, tokenomics, competitive edge, and long term prospects.

The tokens listed are the best we found in the various categories we listed them. For example, we listed SingularityNET as the best AI Marketplace because it allows anyone to develop and trade AI models in a decentralized manner.

Check out our why trust us and how we test pages for more information on our testing process.

What Is The Best AI Cryptocurrency?

What is the best AI cryptocurrency?

The best AI cryptocurrency on our list is Shibe Memu because of its innovative marketing platform.

What is the role of AI in crypto?

The role of AI is to automate and enhance existing processes as well as create new opportunities. How projects decide to utilise AI is up to them.

What is an AI Token?

An AI crypto is one that uses artificial intelligence to enhance its operations or offer a service. It also includes projects that allow developers to create and run AI models, like Render which provides computational power needed to run AI models.

What is the AI coin that will explode?

There is no guaranteed way of knowing which AI token will explode. The best we (or anyone really) can do is list the most innovative projects on the market, which we have done.

Is AI Crypto a good investment?

AI cryptos can be a good investment provided the services, networks, and platforms they support are successful.

The 9 Best AI Crypto Coins to Buy in 2024 | Top AI Projects