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Based on my experience as a seasoned cryptocurrency investor and trader, I conducted in-depth research to identify the most significant AI-related cryptocurrency projects that, in my estimation, have the ability to generate 100x to 1000x returns and have the potential to change people’s lives in the upcoming bull market phase.
So far, this round of crypto bull market cycle is the most boring one in terms of business innovation. It lacks phenomenal hot tracks such as DeFi, NFT, and Gamefi in the previous bull market, resulting in a lack of industry hotspots in the overall market, and the growth of users, industry investment, and developers is relatively weak.
As a relatively new crypto business category in this round, AI has benefited from the explosive development speed and continuous hot spots in the external business world, and it is still likely to bring a good increase in attention to AI track projects in the crypto world.
The next wave of narratives in the crypto AI track
Before we formally review the next wave of narratives in the crypto AI track, let’s first look at the main narratives of the current crypto AI. From the perspective of market capitalization, the ones with a market capitalization of more than 1 billion US dollars are:
- Computing power: Render (RNDR, market value of 3.85 billion), Akash (market value of 1.2 billion), IO.NET (the latest round of primary financing valuation of 1 billion)
- Algorithmic Network: Bittensor (TAO, market value of 2.97 billion)
- AI agent: Fetchai (FET, pre-merger market value 2.1 billion)
* Data time: 2024.5.24, currency unit is US dollars.
In addition to the above fields, which AI track will have the next single project market value exceeding 1 billion?
1. Streamr – DATA
Streamr's value proposition is to build a decentralized real-time data network that allows users to freely trade and share data while maintaining full control over their own data. Through its data marketplace, Streamr hopes to enable data producers to sell data streams directly to interested consumers without the need for intermediaries, thereby reducing costs and increasing efficiency.
2. Covalent – CQT
Unlike other data projects, Covalent provides blockchain data. The Covalent network reads data from blockchain nodes via RPC, and then processes and organizes the data to create an efficient query database. In this way, Covalent users can quickly retrieve the information they need without having to perform complex queries directly from blockchain nodes. This type of service is also called "blockchain data indexing."
3. Hivemapper – Honey
Among all data materials, the unit price of video data is often the highest. Hivemapper can provide AI companies with data including video and map information. Hivemapper itself is a decentralized global map project that aims to create a detailed, dynamic and accessible map system through blockchain technology and community contributions. Participants can capture map data through dashcams and add it to the open source Hivemapper data network, and receive rewards based on their contributions in the project token HONEY. In order to improve the network effect and reduce interaction costs, Hivemapper is built on Solana.
in conclusion
In summary, the potential growth trajectory of these 3 AI crypto Altcoin is 100-1000x, which remains a fascinating prospect in the evolving cryptocurrency space. As 2025 approaches, vigilance and strategic insight will be critical to gauge whether these AI crypto Altcoin can indeed achieve the expected rapid rise or face the inherent complexities of the crypto market.
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