While the world decides how to adapt to AI in real life, Ethereum co-founder Vitalik Buterin shares his enthusiasm for AI and how it can help Ethereum. He believes AI can be crucial in solving the “most technical” problems: bugs hidden deep in the code.
In his X, on 18 February, Buterin shared his experience of working with artificial intelligence to identify and fix code bugs in the Ethereum network, which he called “the biggest technical risk”.
Source: X
Interestingly, his comment came before introducing the long-awaited Dencun update for Ethereum, which is scheduled to launch on March 13. Dencum was launched on the Goerli test network on January 17, but a bug in Prysm prevented it from completing the test mode within 4 hours.
The Ethereum update is essential to the blockchain’s long-term development roadmap. It is possible that his comment was directly related to this update and bug fix.
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Buterin has repeatedly expressed optimism about the interaction between artificial intelligence and cryptocurrencies. In his recent article “Prospects and Challenges of Cryptocurrencies and Artificial Intelligence,” he examined the intersection of blockchain and AI technologies: data management, transparency, monetization, and cost reduction. He also classified artificial intelligence into several types in the context of decentralized technologies and added all the pros and cons of each of these areas.
However, the expert also reminds us that we should be careful when using AI.
In recent years, the interaction between artificial intelligence and cryptocurrencies has been popularized, and as a result, we have recently seen an increase in the number of AI tokens. More and more people are investing in them.
So let’s take a look at some of the top AI tokens that are trending so far.
Top AI tokens to invest in right now
Worldcoin (WLD)
Worldcoin is an open-source protocol aimed at ensuring fair access to the global economy by offering a decentralized digital identity and financial network.
To purchase the native Worldcoin token, WLD, users must perform an IRIS scan and download the World app.
According to Coinstats, the price of Worldcoin has recently increased by 30%, which is the highest among all AI tokens, setting a new peak of $8.66. Worldcoin’s mother company was founded by OpenAI CEO Sam Altman, so some traders saw WLD as a bet on the latter company’s growth.
Popular crypto trader Altcoin Sherpa claims in his X: “$WLD: .382 for a more meaningful bounce. Would prob start scaling in around $6. Eyes on this myself and have alerts.”
Source: AltcoinSherpa/X
According to CoinCodex, the price may drop to $6.62 soon but will start growing again over the next month and reach $6.96 by the end of March. At the same time, DigitalCoinPrice believes that the maximum price that WLD can reach next month is $11.98.
Injective (INJ)
Injective is a blockchain platform that has attracted attention due to its unique features and the significant increase in the value of its tokens. It is the first blockchain to offer smart contracts with automatic execution, aimed at improving the efficiency of decentralized applications (dApps) and combining elements of artificial intelligence with decentralized finance (DeFi).
Crypto investor Jell believes that “$INJ is retesting the 2-month-long bullish flag!
A successful retest puts our target at around $70 ”
TradingView Source: WhiteBIT INJ Chart on Feb.21
For the last 7 days, INJ has been in a good upward trend, thus increasing by 2.53%. Injective has shown very strong potential lately, and this could be a good opportunity to dig right in and invest.
According to Changelly analytics, the price can be expected at $32.54 and $36.99. CoinCodex believes that the price may drop slightly to $34.57 in the coming week, after which it will show growth to $36.59.
Ocean Protocol (OCEAN)
Ocean Protocol is a tokenized artificial intelligence and data platform that allows users to earn OCEAN through staking, managing data, and participating in data-related problem-solving. The platform uses revolutionary technology to unlock big data for AI by shifting computing toward data, not the other way around.
According to the DigitalCoinPrice analytics, Ocean Protocol will break its previous all-time high of $1.94 and hold between $1.50 and $1.56 soon. CoinCodex analysis shows that Ocean Protocol will increase by 14.26% and reach $ 0.854980 by Feb 26, 2024, if it reaches the higher value target.
TradingView Source: WhiteBIT OCEAN Chart on Feb.21
Near Protocol (NEAR)
NEAR Protocol is a smart contract blockchain that aims to compete with Ethereum. It was launched in 2020, is cheaper and faster than Ethereum, and claims to be able to scale without sacrificing performance or becoming more expensive. The NEAR token is used to incentivize validators, process transactions, and power smart contracts.
During the last month, the price of NEAR has increased by 12.57%, adding a colossal average amount of $0.42 to its current value. This sudden growth means that the coin can become a solid asset now if it continues to grow.
Changelly analytics expects the minimum trading cost of NEAR might be $$2.96, while the maximum might reach $$3.84 during this month. On average, it is expected that the value of the NEAR Protocol might be around $3.40. While CoinCodex is expecting, NEAR Protocol will decrease by -7.32% over the next week and reach $ 3.01.
Fetch.ai (FET)
Fetch.ai (FET) is a cryptocurrency that uses artificial intelligence to help people automate tasks. Fetch.ai uses a “smart ledger” that combines blockchain architecture with Direct Acrylic Graph (DAG) technology. The system allows you to “assign” transactions to different routes, creating an extensive network.
Crypto investor Quinten shares his thoughts on this token: “I bought $FET at ICO ($0.08) 5 years ago and doubled my position when it was at $0.05 in November 2020. It will be 100x this cycle, very likely even more. Full belief in a project will eventually pay off big time.
Good things take time. I never believed in becoming rich overnight anyway.
$FET was ‘too early’ in the AI niche, but has built great technology and has the first-mover advantage now in the most obvious narrative ever in crypto.
Nobody cared in the first few years, but I did.”
At the same time, the popular trader TheFlowHorse, having analyzed the cryptocurrency, believes that FET is on the verge of reaching new historical highs. “This is going to run hard over the coming months.”
Summary
As you can see, artificial intelligence is playing a significant role in the cryptocurrency industry. Vitalik Buterin, as a constant generator of ideas, has found another use for AI. If AI is so good at solving blockchain errors, it can greatly facilitate the work of developers.
Disclaimer* The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their research.
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Deniz Tutku
Deniz Tutku is a digital journalist with a background in copywriting. A longtime cryptocurrency enthusiast, she has been following the industry closely for many years. Having moved on from her early career, Deniz now writes extensively about various events and developments in the cryptocurrency world, providing her audience with in-depth and informed views on the field.