By the end of 2022, it was estimated that 21% of Americans had invested in the cryptocurrency market. One can expect that this number had risen in 2023 and will continue to rise in 2024.
One of the new market trends we can expect is an increase in the acquisition of AI crypto coins. These are a type of digital asset that works with a particular AI product or service.
So, what are the latest trends in digital finance when it comes to AI? What can you expect from AI crypto coins?
Here’s what you should know:
Why AI Crypto Coins Matter
As AI companies continue to pop up, there will be alternative payment methods to use them. Today, you’ll use your credit card to pay for a subscription to your favorite AI image-generation tool.
But in the future, you’ll have to start investing in cryptocurrency to pay for such products and services. Now might be the best time to invest in AI crypto coins while prices are low.
What Are Some of the Top AI Crypto Coins?
While this information is subject to change, we’ll take a look at the top-performing AI crypto coins. The clear winners have been Internet Computer (ICP), NEAR, and Injective (INJ).
While prices have varied, none of these AI crypto coins have exceeded $40 per coin as of January 2024. These are still some of the most affordable AI crypto coins despite being the most popular.
These crypto coins are also available for trading. As of now, they’re among the most versatile AI crypto coins.
In Addition to Bitcoin?
One factor that turns potential investors off AI crypto coins is whether they’re necessary at all. Many investors wonder if they should buy AI crypto coins at all in addition to Bitcoin.
Many investors see Bitcoin as the only cryptocurrency that matters. They feel it’s an alternative currency to fiat currency. They also feel that Bitcoin will continue to be accepted almost everywhere.
Let’s return to the example of the AI photo generator. You might be able to pay for the service using Bitcoin. If so, is there a need to invest in an AI crypto coin at all?
AI crypto coins might offer a discounted price for the subscription. Vendors may prefer these coins over other options, such as Bitcoin and Ethereum.
What about investing in such coins for trading? Currently, the returns are low. But as AI companies grow, one can expect many of these crypto coins to increase in value.
Invest in Cryptocurrency
Now you know the market trends with AI crypto coins and can decide if you wish to invest in them.
They’ll likely be used as the preferred currency for AI products and services. Many AI crypto coins are still affordable for the average investor. Most coins are also available for trading.
Some investors will feel that Bitcoin is able to fulfill the needs of any digital asset. However, there might be advantages to using AI crypto coins rather than major coins such as Bitcoin.