5 Undervalued Crypto AI Projects To Buy Before They Go 2000% Ballistic - October 2024

As an experienced analyst in the crypto space, I strongly believe that some of the most promising AI projects are not always the ones that receive the most attention. With the expansion of the crypto sphere to accommodate new AI-enhanced technologies, the potential for growth in the AI sector is immense. Based on my analysis of the current market and the unique advantages each project offers, I would recommend the following five undervalued crypto AI projects for investment before they surge by 20X:

There are several AI projects in the crypto space that offer great potential but may not receive as much attention as more well-known initiatives. With the growth of the crypto industry and the increasing integration of AI technology, this sector is on the verge of experiencing significant growth. Here are five under-the-radar crypto AI projects that could see a 20x increase in value:

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 addresses one of the significant challenges that have long plagued other competing blockchains – the blockchain trilemma. Near boasts fast transaction speeds, impressive throughput, and exceptional interoperability.

I’ve analyzed the current market situation, and NEAR is priced at $5.08 as we speak, marking a 4.4% decrease over the past 24 hours. Following its peak at $8.82 in March, the price trend for NEAR has reverted to its present value.

As a crypto investor, I believe there’s a significant level of support around the $4 mark for the cryptocurrency in question. This support could potentially bolster the price and set the stage for an impressive 20x price increase.

2. Render Network (RNDR)

On Ethereum, Polygon, and more recently, Solana blockchains, there is a decentralized network named Render. This network serves as a bridge between individuals requiring GPU resources for rendering jobs and those who have excess idle GPUs. By utilizing blockchain technology, Render creates a reliable, streamlined platform specifically catered to the computer graphics industry.

The Render technology proves beneficial in various sectors such as film and television production, architecture, automotive design, gaming, virtual reality, and artificial intelligence. It economically addresses high-performance rendering needs by harnessing the power of underutilized GPUs.

The cost of RNDR currently stands at $7.32, representing a decrease from its March price of $13.17. The value seems to be finding solid footing around the $7 mark, suggesting an opportune moment for investment. This support level has been challenged on four occasions since March and has consistently held strong.

If we increase the price by 20 times from its current point, RNDR‘s value will be approximately $140. On the other hand, if the price falls beneath the current support level, it is possible that RNDR could decline to the next significant support area around $4.5.

3. Injective Protocol (INJ)

The Injective Protocol is a decentralized, layer-2 exchange solution for swift and secure trading of digital assets. Based on the Ethereum blockchain, this system grants users unprecedented access to international markets with an intuitive trading interface.

Today’s INJ price stands at $23.52, marking a 3.5% rise over the past 24 hours. With a market capitalization of $2.2 billion, Injective is among the coins experiencing growth in this session. However, it’s important to note that INJ has dropped significantly from its peak price of $51.56 reached in March. The next key support levels are around $15.8, and if we go below that, we find support at approximately $7.

During bull markets, the injective protocol can potentially gain from the trend of meme coins. Yet, the substantial gas fees on its network might make it vulnerable to stiff competition from less costly alternatives such as Base L2 and Solana (Layer 1) in this regard.

4. Theta Network (THETA)

In 2015, Theta initiated its journey as a streaming service under the name Sliver TV. But the heavy expenses required to maintain the necessary server infrastructure began threatening the company’s financial stability.

Developers chose to design a content management solution using blockchain technology, making it the pioneering application of the proof-of-stake concept. Theta’s subnet infrastructure stands out with its robust security, enabling seamless scalability and compatibility between different subchains.

As a researcher studying the cryptocurrency market, I can share that THETA is currently priced at $1.56 and boasts a market capitalization of $1.56 billion. At its all-time high, this digital asset reached an impressive market cap of $15 billion, indicating potential for a significant 20X increase during the upcoming cycle. Having peaked at $3.48 in March, THETA’s price has since declined, with the next notable support level resting around $0.95.

In simpler terms, Theta’s technology has reached a solid foundation with reputable companies like Google, Samsung, and Sony on board as validators. Therefore, Theta’s growth in the future is expected to be significant.

5. Crypto AI – Akash Network (AKT)

Akash is a decentralized platform where users can safely and effectively trade computing resources. It was designed for the general public and is completely managed by the community. In simpler terms, think of Akash as a decentralized version of the cloud.

The AKT token holds value for engaging in yield farming activities, procuring cloud processing capabilities, and exercising governance rights. Akash’s GPU network serves as the foundation for AI applications such as Stable Diffusion, marking the emergence of the first publicly accessible Supercloud to accommodate open-source AI projects.

As a researcher examining the current cryptocurrency market, I observe that the price of Aktiv Learning Token (AKT) hovers around the $3.10 mark at present. Compared to a week ago, this represents a 3.2% decrease in value. With a relatively small presence among other crypto AI projects, AKT boasts a market capitalization of approximately $746 million.

As an analyst, I’ve observed that the price of AKT peaked at $6.48 during March this year, only to subsequently pull back and reach its present value. Should the price fail to hold above the current level, there exists a potential support zone around $2.40 that could potentially halt any further downward movement. In the event that this support fails to materialize, the next likely floor for AKT could be found near $1.50.

Conclusion

For individuals open-minded enough to explore beyond popular crypto investments, the artificial intelligence (AI) sector in cryptocurrencies promises enticing opportunities. Each of these ventures brings distinct technological edges and answers pressing industry issues. With the ongoing advancements in blockchain technology and AI, significant price growth is a real possibility for these projects.

2024-06-27 13:10