These AI Coins Could Be the Best Crypto to Buy Today

Last updated: February 22, 2024, 1:08 p.m. EST | 3 minutes of reading

PENDLE, MNT and CHZ rank among the best cryptos to buy today thanks to the AI ​​coin pump. Image from cryptonews.com.

As major cryptocurrencies remain mostly stuck in recent ranges as the market takes a breather from its recent bull run, investors looking for better chances of quick gains are turning to AI coins that could being the best crypto to buy today.

Bitcoin (BTC) was last trading around $51,500, stuck in its recent one-week range of $51,000 to $53,000.

Slowing flows into spot Bitcoin ETFs, which attracted just 500 tokens on Wednesday, could be behind the slowing momentum.

Still, Bitcoin remains a top contender for the best cryptocurrency to buy today.

Head of Research at FundStrat Tom Lee just predicted on CNBC that ETF EntriesTHE reduce by halfAnd Fed easing could launch the price to $150,000 this year.

Ether (ETH), meanwhile, was consolidating near $3,000, but just below.

Kraken analysts believe it could soon reach new highs above $5,000 after breaking a long-term ascending triangle pattern.

But as the two largest cryptocurrencies take a breather, those hoping for quick gains may want to look elsewhere.

AI Coins – Best Crypto to Buy Today?

One sector that performed well on Thursday was cryptocurrencies which boast of artificial intelligence use cases.

That’s because AI titan Nvidia rose 15% on Thursday following a publication of blockbuster results.

Nvidia, the world’s largest semiconductor company, has gained more than $1 trillion in market capitalization over the past 12 months, cementing its position as the leading infrastructure provider for the rapidly growing semiconductor industry. AI.

And rapid profit growth suggests that the AI ​​sector is in good health, hence the rise of AI cryptocurrencies.

Let’s take a look at Thursday’s best players.

SingularityNET (AGIX)

SingularityNET (AGIX), the market-leading decentralized blockchain-based AI marketplace, generated a staggering 44% on Thursday, according to CoinMarketCap.

This brought its market capitalization to almost $1 billion and AGIX’s price above $0.70 for the first time.

This is a stunning 20x rally from its 2022 low, when it fell to $0.03 per token.

Given its still modest market capitalization, less than $1 billion, AGIX presents significant upside potential.

With 5x gains possible, AGIX could be the best crypto to buy today.

Worldcoin (WLD)

Worldcoin (WLD), created by OpenAI’s Sam Altman and backed by the idea of ​​”proof of personality,” is also on the rise, up about 40% in the past 24 hours, according to CoinMarketCap.

WLD has recovered strongly recently, helped by OpenAI’s release of a new AI product called Sora.

Reaching 1 million users also helped WLD.

Given its similarly modest market capitalization of just over $1 billion, WLD also has significant upside potential.

WLD will likely remain a contender for the best cryptocurrency to buy today for some time.

Rendered (RNDR)

The Render Network’s RNDR token swelled by 25% on Thursdayapproaching an all-time high around $7.80.

The protocol is a decentralized network allowing individuals to leverage their unused GPU power to help projects render animated graphics and visual effects.

Investors seem to think demand for the network will increase given the growing demand for AI-generated content.

Render is arguably positioning itself as a sort of “Nvidia” of crypto, given that it could become a key provider of AI infrastructure.

With a market capitalization still below $3 billion, its upside potential is enormous.

Alternative to consider

The coins mentioned above offer the prospect of decent winnings of 3-5x.

But traders with an even higher risk tolerance should consider an alternative investment strategy with higher earning potential: investing in crypto presales.

Crypto presales are where Web3 startups raise funds for platform development via discounted sales of their native crypto tokens.

Pre-sale investing carries similar risks as investing in start-ups, so investors should always do their due diligence.

With so many presales vying for investment funds, it’s difficult to keep track of the best opportunities.

Here are some of the best projects, according to Cryptonews analysts:

13 Best Crypto Presale Projects for 2024

Warning: Crypto is a high-risk asset class. This article is provided for informational purposes and does not constitute investment advice. You could lose your entire capital.

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