AI cryptocurrencies plunge; Is this a good time to buy the dip?
Artificial intelligence will thrive in the technology sector and potentially revolutionize the crypto industry, accelerating the growth of new technologies, facilities and social and financial networks that make transactions and transfers faster. Some of the AI crypto projects are outperforming many blue-chip cryptocurrencies in recent months. Still, at the moment, some AI tokens like The Graph, SingularityNET and Fetch.ai have taken a dip this week due to less demand in the market.
The Graph (GRT)
The Graph has the potential to revolutionize decentralized finance (DeFi) and the wider Web3 ecosystem. It is an indexing protocol for querying data for decentralized networks. Besides, The Graph also offers a hosting service that helps the developer to build on the network. Currently, it supports indexing data from POA, IPFS and Ethereum networks.
The Graph (GRT), the largest AI token by market cap, is trading at around $0.148 at the time of writing, and in the last 24 hours, the price of the GRT token has faced an almost 10% drop. Despite its recent fall, The Graph has the potential to thrive significantly in the AI-powered craze. Based on our GRT price predictionmay it reach $0.20 by the end of this year.
Fetch.ai (FET)
Fetch.ai is an emerging cryptocurrency that uses AI and machine learning to create autonomous financial agents. This agent acts on behalf of individuals to generate profits in various ways. One such example is crypto trading robots that buy and sell crypto to generate profit for the owner. It has the potential to form a future decentralized marketplace. It has a unique blockchain with a combination of proof of work and proof of stake validation mechanisms.
The FET network is truly a decentralized and permissionless ecosystem compared to its rivals, and its innovative technology will help it grow significantly. According to our Fetch.ai Price Prediction and current price action, the FET token may rise gradually over the next few months.
SingularityNET (AGIX)
It is an online marketplace dedicated to selling and buying AI algorithms. It is a place for researchers who create artificial intelligence-based applications and sell their services to companies that want to use these AI algorithms and software to improve their operations. Currently, it supports three categories: cyber security, biomedical research and cloud robotics. AGIX is a native coin used to pay for transactions on this network.
The price of SingularityNET (AGIX) is currently trading at $0.3715, with a drop of almost 12% in the last 24 hours. The current AGIX price action signals a consolidation. Still, SingularityNET has strong upside potential and will rise if support holds.
Which AI crypto project are you most interested in?
Based on fundamentals, analysis and forecast data, The Graph (GRT) is the most trusted decentralized public infrastructure in the AI crypto domain compared to Fetch.ai (FET) and SingularityNET (AGIX).
GRT is the native token of this network, which is locked by indexers, delegators and curators to offer curating and indexing services to the network. It is an ERC 20 token on the Ethereum blockchain, which also earns rewards for active curators, delegators and indexers based on the amount of work they do.
