AI coins and GambleFi tokens are two of the trending crypto categories this year.
The massive surges of AI coins like Fetch.AI, Render, and Singularity Net have rekindled optimism in AI cryptos, while GambleFi emerges as the next big thing in crypto.
Here is an analysis of both industries and their growth potential.
AI Coins Will Continue to Expand
The best thing about AI coins is that they’re not just a fad, like meme coins or DeFi. Most of the AI projects in the Web3 space are deep-rooted in utility and real-world relevance. That explains why institutional and long-term investors are pouring money into promising new AI cryptos.
Despite the short-term ups and downs, AI tokens will remain one of the most fertile niches in the crypto market.
Top AI tokens by market cap, source: Crypto.com
This is evident from the price action of top AI coins like Near Protocol, Render, The Graph, Theta Network, and Akash Network, to name just a few. The market cap of AI and big data tokens stands at a massive $27B, according to CoinMarketCap.
GambleFi Cryptos vs. AI Coins – Which Crypto Category Will Explode in 2024?
AI coins sparked the new wave of bull mania, as chipmaker Nvidia (NVDA) announced a staggering revenue surge to $22B. The growing trust and confidence in AI technology fuelled the rally.
Nvidia’s CEO, Jensen Huang, noted that “accelerated computing and generative AI have hit the tipping point”. AI is no longer confined to specialized tech sectors. It is permeating mainstream applications.
The blockchain side of the AI sector has an optimistic investment outlook, thanks to the unparalleled decentralized foundation it offers for global coordination. Blockchain and AI are set to rapidly change the way we interact in the physical and virtual worlds.
GambleFi is another promising sector to invest in now. While online gambling and sports betting are set to expand in the coming years, the growth will be particularly visible in Web3. Traditional platforms are expanding into Web3 to take advantage of its advanced blockchain capabilities.
Source: Statista Market Insights
Blockchain and crypto integration will bring increased transparency to the industry, which has long been plagued with scams and manipulative practices. A good example of the trend is Rollbit, which surged 5000% in 2023.
While GambleFi has high relevance in the entertainment sector, AI coins outshine other crypto categories with real-world applications. They are predicted to evolve and expand in 2024 and beyond.
AI Coins and GambleFi Cryptos to Watch Now
Worldcoin has emerged as one of the most discussed projects this year. But projects like eTukTuk, SingularityNET, and Fetch.AI stay true to the AI tag.
Among these, high-cap assets like SingularityNET and Fetch.AI have stretched their market caps over the last few months. The same is true about leading GambleFi coins like Rollbit. It limits their growth potential from the perspective of new investors. With their market caps in the millions, they can’t repeat the past return rates.
New AI projects like eTukTuk, Scotty the AI, and Green Bitcoin, on the other hand, are set for explosive price actions.
1. eTukTuk ($TUK) is Ready For Entry After 5 Years of Research and Development
eTukTuk ($TUK) is one of the few crypto initiatives positioned for mainstream integration this year.
$TUK is designed for sustainable transportation in emerging economies by combining AI and blockchain technologies. Traditional Tuk-Tuks, while economical, leave a substantial carbon footprint in developing nations. Despite their pivotal role in urban mobility, they need to be checked.
eTukTuk introduces electric counterparts as a solution, alongside a blockchain-driven payment infrastructure and a large network of EV charging stations. $TUK is often cited as the Tesla of the crypto market for its pioneering vision.
While the credibility of a new crypto project is often in question, eTukTuk is an exception. The project is entering the crypto market with the launch of the native token $TUK after five years of research and development.
Early investors are capitalizing on the token’s low prices in the presale phase, indicating a rapid sell-out. Investors should act early to buy the token before it lists on crypto exchanges to ride the initial pump and avoid paying a hefty price later.
BUY $TUK FOR THE PRESALE PRICE
2. Scotty the AI Combines AI and Meme Coin Trends
Another AI coin to watch now is Scotty the AI ($SCOTTY). The meme coin, inspired by the Scottish Terrier, capitalizes on its AI tag to power one of the biggest crypto pumps this year.
3. Green Bitcoin is Rekindling Predict-to-Earn
Green Bitcoin is a gamified staking platform that hosts daily and weekly prediction challenges based on the price fluctuations of Bitcoin. While GambleFi is largely confined to online gambling and sports betting, Green Bitcoin introduces a new perspective. Moreover, it taps into the Bitcoin hype with its strategic name.
Green Bitcoin presale is closing in on a conclusion ahead of schedule due to growing traffic.
