Some of the best AI projects to buy are hidden in plain sight. As the crypto sphere expands to accommodate new AI-enhanced technologies, the AI sector is poised to boom. Here are 5 undervalued crypto AI projects to buy before they surge by 20X.
1. AI Projects To Buy – Near Protocol (NEAR)
Near protocol is a layer-one (L1) blockchain created as a community-led cloud computing platform.
The blockchain solves one of the main limitations that have been bugging competing blockchains – the blockchain trilemma. Near has high transaction speeds, high throughput, and over-the-top interoperability.
The price of NEAR trades at $5.08 at press time, a 4.4% drop in the last 24 hours. After hitting a high of $8.82 in March, the price action of NEAR retraced to its current level.
There is a strong support level around $4 that may sustain the price up and possibly help the price action initiate a 20X run.
2. Render Network (RNDR)
Render is a decentralized network on Ethereum, Polygon, and, recently, Solana blockchains, connecting users needing to render jobs with those who have idle GPUs. Leveraging blockchain technology, it provides a secure, efficient platform for the computer graphics industry.
The Render technology is useful for film, TV production, architecture, automotive design, game development, VR, and AI. By utilizing idle GPUs, it offers a cost-effective, scalable solution for high-performance rendering tasks across multiple industries.
RNDR price is at $7.32, down from $13.17 in March. Robust support is forming around $7, potentially marking the current price as the best buy-in time. This support has been tested 4 times since March and has remained resilient.
A 20X from here would set RNDR at $140. Conversely, a break below the support line could see the asset drop to the next support level around $4.5
3. Injective Protocol (INJ)
Injective Protocol is a decentralized layer-2 exchange protocol that enables fast, secure, and permissionless trading of digital assets. Built on the Ethereum blockchain, Injective empowers users with unparalleled access to global markets, while offering a seamless trading experience.
The price of INJ today is $23.52, a 3.5% increase in the last 24 hours. Sitting on a market cap of $2.2 billion, Injective is one the few coins that are in the green today. Nevertheless, INJ is down from its all-time high price of $51.56 in March. The next support lies around $15.8, and below that, $7.
Injective protocol stand to benefit from the meme coin craze that usually comes during bull markets. However, the high gas fees on the network may predispose it to fierce competition from low-fee chains like Base L2 and Solana (L1).
4. Theta Network (THETA)
Theta started as a streaming service in 2015 called Sliver TV. However, the substantial server infrastructure costs needed to run a streaming platform was choking them out of business.
The developers decided to create a solution for content management and found blockchain to be the best way of doing it, becoming the very first implementation of proof of stake. Theta’s subnet infrastructure is second-to-none and allows for secure scalability and interoperability between subchains.
THETA price today is $1.56 with a $1.56 billion market cap. At an all-time high, THETA hit a $15 billion market cap and it may see a 20X boost in this next cycle. After hitting a high of $3.48 in March, the price of THETA has been falling, with the next major support level around $0.95.
Essentially, Theta has bottomed out with such robust technology and enterprise validators like Google, Samsung, and Sony, and THETA’s next move upward will be explosive.
5. Crypto AI – Akash Network (AKT)
Akash is an open network that lets users buy and sell computing resources securely and efficiently. This was purpose-built for the public and entirely governed by the community. To make it simple, you could say Akash is a decentralized cloud.
The AKT token is useful for participating in liquidity mining programs, buying cloud computing power, and governance. The Akash GPU network powers AI apps like Stable Diffusion, becoming the first open-source Supercloud to host open-source AI.
AKT price is trading around $3.10 at press time, a 3.2% drop in the last 7 days. Being the smallest crypto AI project in this list, AKT has a market cap of $746 million.
The price of AKT reached a yearly high of $6.48 in March before retracing to its current price. There is a support structure around $2.40 that may hold up the price. Otherwise, the asset can find further support at around $1.50
Conclusion
The crypto AI sector presents exciting investment opportunities for those willing to look beyond the obvious choices. Each of these projects offers unique technological advantages and solutions to existing industry challenges. As the blockchain and AI landscapes continue to evolve, these projects could see substantial price appreciation.
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Evans Karanja is a content writer and scriptwriter with a focus on crypto, blockchain, and video gaming. He has worked with various startups in the past, helping them create engaging and high-quality content that captures the essence of their brand. Evans is also an avid crypto trader and investor, and he believes that blockchain will revolutionize many industries in the years to come. When he is not writing, you can find him playing video games or chasing waterfalls.
The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.
