Ethereum (ETH) could end up becoming the best coin to invest in as the second-largest cryptocurrency moves toward artificial intelligence (AI) to help develop its blockchain. Some in the crypto community believe it’s only a matter of time before Ethereum surpasses Bitcoin (BTC) as the most popular cryptocurrency given how its network is designed to host various decentralized applications that allow developers to create automated interactions. 

BTC prices are expected to soar now that the US Securities and Exchange Commission’s (SEC) decision on Bitcoin ETFs has given exchange-traded funds the green light. 

The Ethereum network hosts a few cryptocurrency projects that help to train AI models and the technology will likely play a major role in increasing the security and efficiency of the blockchain in the coming years as Web3 and decentralized finance services evolve. 

Best altcoins to invest in: Nine AI-focused cryptos that could rival Ethereum in 2024

While some projections have ETH prices reaching as high as $5,800 in 2024, several other AI-focused cryptocurrencies will likely enjoy more growth this year. Let’s jump right into our list of some of the best cryptos to buy right now:  

1. InQubeta (QUBE)

InQubeta caused quite a stir in 2023, emerging as one of the best DeFi projects launched. Its presale has delivered 220% gains to early investors as it raised over $8.4 million in token sales. The decentralized crowdfunding platform seeks to increase accessibility to AI investments, providing an alternative for investors who don’t meet the requirements of traditional investing channels. 

InQubeta’s ecosystem was created on the Ethereum network, giving it its functionality and security. It replaces stocks with non-fungible tokens, also called ERC20 coins, and creates an efficient investment space anyone, anywhere can use to buy equity in emerging AI startups. 

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2. Render (RNDR)

Render was one of the most profitable altcoins to invest in last year, bringing 623% returns. The project delivers a useful solution for developers training AI models and studios that need more computing power by connecting them with users with unused processing power to rent out. RNDR is expected to enjoy more growth in 2024 thanks to BTC’s expected price surge and its fast-expanding user base. 

3. Fetch.ai (FET)

FET enjoyed considerable surges in 2023, but prices have dropped significantly since the start of 2024. Its ecosystem opens up access to AI by allowing users to gain access to large datasets through the use of automated bots. These bots can negotiate deals on behalf of users and perform trades based on set parameters. FET prices have dropped 13% in the past seven days, creating an entry point for new investors. 

4. The Graph (GRT)

GRT emerged as one of the top altcoins to buy last year, bringing investors over 150% returns. The project provides an indexing protocol that queries data on networks like IPFS and Ethereum. The solution it provides facilitates the development of various applications in the Web3 and DeFi ecosystem. Its protocol is also used by AI developers to query data while training their models. 

5. Injective (INJ)

Very few cryptocurrencies enjoyed as much growth as Injective last year as its prices soared by over 2,200%. Its ecosystem makes it one of the top DeFi projects ever launched, providing its users with a wide range of services from spot exchanges to prediction models. 

Injective is already a leading DeFi crypto coin and its role will only expand in the coming years. Expect INJ prices to soar even more in 2024. 

6. SingularityNET (AGIX)

SingularityNET is a platform that allows developers to build, monetize, and share artificial intelligence services. It provides its users with a marketplace where they can shop for AI services and make purchases with AGIX. 

Its ecosystem allows developers to earn money from their AI models and solutions without having to fully develop them for end users. They can also purchase AI solutions to use to build their applications. 

7. Numeraire (NMR)

Numeraire hosts an artificial intelligence blockchain network that serves as a hedge fund for its users. It uses machine learning and AI to invest in global stock markets. Its ecosystem uses data derived from participants during tournaments to create prediction models and earn investors profit. 

The Ethereum network-launched project enjoyed close to 100% growth to close out 2023, but prices have come down considerably since then, making tokens cheap at the moment. 

8. Cortex (CTXC)

Cortex runs a decentralized platform that combines blockchain technology with artificial intelligence. Its network allows for AI models to be evaluated, trained, and launched on its blockchain. 

It also provides a platform for AI developers and researchers to add their algorithms and models to the blockchain while providing a decentralized marketplace for artificial intelligence services and models. 

Users on the Cortex network can earn bonuses by contributing data, computing resources, or AI models. This incentive fosters cooperation between these different types of users to contribute to a singular objective. 

9. Oasis Network (ROSE)

The Oasis Network provides an environment that’s used to launch decentralized applications while prioritizing data sovereignty and privacy. It merges blockchain technology with privacy-preserving protocols to deliver a scalable and secure medium for dApp creation. 

The Oasis ecosystem allows developers to create confidential smart contracts that keep user data and transaction details away from those validating transactions. It uses a proof-of-stake consensus mechanism that separates computations from consensus, leading to improved security and scalability. 

Oasis also allows users to monetize their data on its ecosystem while maintaining their data. It’s an excellent ecosystem for training AI models.

Summary

So, there you have it, our list of the best cryptos to invest in to earn substantial returns in the coming months. InQubeta, Render, and Fetch.ai will probably enjoy the most growth this year thanks to the solutions they provide to existing problems and the interest they’ve been able to generate so far. 

Render outperformed InQubeta in 2023, but the latter will likely outgrow all the other top altcoins on our list thanks to the creative way it helps to advance artificial intelligence while making investment opportunities more accessible for global investors. 

Some projections have QUBE prices surging by as much as 10,000% this year as investments in artificial intelligence grow exponentially. 

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