AI Crypto Coin Prediction: FET, TAO, RNDR, NEAR INJ & More

The AI crypto sector, led by projects like Fetch.ai and Bittensor, is rapidly growing and outperforming traditional cryptocurrencies, with significant future potential despite being in its early stages. In this article, we forecast the future price movements of artificial intelligence (AI) coins. 

Written by: Anatol Antonovici   |  Updated May 15, 2024

Reviewed by: Mike Martin

Fact checked by: Ryan Grace

Table of Contents

🍒 tasty takeaways

  • Investment manager VanEck expects blockchain to become a key driver of AI development.

  • Today’s best AI crypto projects are Fetch.ai, Render, Bittensor, Akash, Near, and Injective.

  • The AI crypto ecosystem is still in its early stages, making it difficult to offer accurate price forecasts.

AI Coins Prediction Summary

Topic Description
AI Crypto Sector Growth The AI crypto sector, led by projects like Fetch.ai and Bittensor, is rapidly growing and outperforming traditional cryptocurrencies.
Market Value As of mid-May 2024, the AI crypto market is valued at $30-36 billion.
Leading Projects Top AI crypto projects include Fetch.ai (FET), Render (RNDR), Bittensor (TAO), Near (NEAR), and Injective (INJ).
AI Crypto Potential VanEck predicts AI crypto revenue could reach $50 billion by 2030.
Challenges The sector is in its early stages, making it difficult to offer accurate price forecasts.
Future Outlook AI crypto projects must demonstrate value by the end of 2024 to set the stage for new highs in 2025.

Artificial intelligence (AI) and blockchain are a great match. In this article, we explore the potential growth of the AI crypto sector in the coming years and assess the future price of the best projects.

AI Crypto Market Growing Rapidly

AI crypto has been the fastest-growing blockchain sector since the end of 2023.

Coingecko data values the sector at over $30 billion as of mid-May 2024, while Coinmarketcap indicates a market capitalization of $36 billion (which includes the Near blockchain). 

Interestingly, while Bitcoin is still acting as the first violin of the crypto orchestra, the AI crypto sector often detaches and goes solo, outperforming traditional large-caps.

For example, at the beginning of May 2024, chipmaker Nvidia’s bullish outlook triggered a recovery in AI crypto assets, with Fetch AI (FET), Render (RNDR), and SingularityNET (AGIX) experiencing double-digit gains in just a few days. 

Bitcoin added about 2% during the same period. Traditional altcoins showed similar performance, seeing average price gains of less than 5%.

🍒 21 Best AI (Artificial Intelligence) Crypto Coins

AI Projects Outperform Crypto Market

The AI crypto market started to surge in the second half of 2023. Most AI projects have outperformed Bitcoin (BTC) and Ethereum (ETH) by a wide margin. 

For instance, while Bitcoin has doubled in price since last August and recently reached a new all-time high, FET has gained almost 900%.

Source: TradingView

AI Coins: It’s Just the Beginning

The hype around non-fungible tokens (NFTs) and metaverse once promised a big future for these sectors. While they may still thrive, they have failed to recover their previous peaks. 

Could the AI crypto sector face a similar fate?

Most investors agree that AI is different and has more room for growth in the coming years.

VanEck analysts Matthew Sigel and Patrick Bush argue that blockchain can become an essential component of the global AI infrastructure. They said in a note:

“There is a significant chance that public blockchains are the key to unlocking the widespread adoption of artificial intelligence (AI) and that AI applications will be crypto’s raison d'être.”

The two analysts stressed that blockchain technology offers vital foundational elements for AI, including transparency, immutability, and clear ownership properties.

AI Crypto Revenue – $50B by 2030?

In its report, VanEck said revenue from AI crypto projects may reach $10 billion by 2030 in the base scenario and over $50 billion in the bullish case.

The investment manager stresses compute-focused crypto AI projects, expected to secure a small but significant share of the AI server resource market dominated by Amazon and Google.

The benefits of decentralized compute include:

  • Open access
  • Customizability
  • Automated contract terms

     

Blockchain-powered compute platforms enable small AI projects to benefit from cheaper resources for Nvidia GPUs, such as H100s and A100s. These decentralized platforms, such as Akash or io.net, use a marketplace approach fueled by crypto rewards to offer cheaper computing resources than independent data centers.

Source: X- Onsteps

4 Key AI Crypto Use Cases

While AI crypto projects can serve multiple industries, they are covered by four main segments:

 

1. Software

According to VanEck, integrating open-source AI models with crypto incentives will create a global infrastructure driven by competitiveness and act as a testing ground. The investment manager estimates that blockchain-produced AI models will account for 5% of all AI software revenue, translating into over $6 billion.

Bittensor (TAO), a decentralized ecosystem that creates and trains AI models, is one of the biggest players in this category.

 

2. Infrastructure as a service (IaaS) 

Projects like Render and Akash lead the Crypto AI IaaS subsector, which is expected to capture 20% of the AI infrastructure market and generate about $2 billion in revenue by 2030.

 

3. Identity

Digital identity is becoming a big trend in a globalized economy, and crypto AI projects will play a major role, yielding about $0.9 billion in revenue.

 

4. Security

The AI market can improve safety and accountability thanks to blockchain technology’s transparency and immutability. In its base scenario, VanEck expects crypto AI projects focused on security to generate over $1 billion in revenue by 2030.

AI Crypto Projects Outlook

The AI crypto market is poised to succeed in the long term, but it might be too early to pick winners and losers and make long-term price predictions

Markus Levin, co-founder of blockchain data storage firm XYO Network, told Reuters:

“We're still in the very early stages of AI networks integrating with blockchain-based networks, and the utility of a lot of tokens is still very much uncertain.”

Moreover, according to a recent report by Coinbase,

“...the value potential for many AI tokens may be overstated as a result of broad attention on the AI industry.”

AI Coins Price Prediction

With this cautious approach, here is the price outlook for top crypto AI projects:

Fetch.ai (FET)

FET— As reported in a separate article, Fetch.ai, SingulairtyNET, and Ocean Protocol are merging to form the Superintelligence Alliance, with their tokens migrating to ASI. The new token is expected to rank among the top 20 largest coins by market cap from day one.

Bittensor (TAO)

Bittensor is currently trading at $344. Basic technical analysis suggests that the cryptocurrency may recover to its record peak reached in March sometime in 2025, provided that it finds support at the current level.

Source: TradingView

Render (RNDR)

Render remains one of the leading AI crypto platforms for decentralized GPU sharing. Its price action shows wild fluctuations and may form a symmetrical triangle pattern, with the breakout phase expected in July of this year in either direction.

Source: TradingView

Injective (INJ)

The AI and Web3-oriented layer 1 Injective has been retracing from its ATH at over $50 and is currently trading near $22. It may continue its bearish path until testing support at $18.

Source: TradingView

Near (NEAR)

Near’s price action demonstrates an ascending triangle pattern, a trend continuation signal suggesting a new record high in the coming months.

Source: TradingView

Akash (AKT)

Akash has found strong resistance at $6.4. It could open the door to new highs if it breaks this resistance in the coming weeks.

Source: TradingView

AI crypto projects must demonstrate their value until the end of the year, which may set the stage for new highs in 2025.  

FAQs

What is the future of AI coins?

The future of artificial intelligence (AI) coins appears promising, with growth potential being driven by the projects’ integration into the global AI ecosystem. Blockchain technology offers unique benefits for AI models and algorithms, including transparency and open access. VanEck expects AI crypto projects to generate over $10 billion in revenue by 2030.

Developing price targets for AI coins is challenging since the sector is at an early stage and crypto assets show high volatility. Some AI coins that may update their record highs in the short term are NEAR and TAO, but you should research before investing.

Some of the best AI coins today include Render (RNDR), Fetch.ai (FET), Bittensor (TAO), Injective (INJ), Near (NEAR), and Akash (AKT).

Most AI coins are available on major crypto exchanges like Coinbase and Binance. You can also purchase AI crypto coins directly from the tastycrypto wallet by using the swap feature.

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