The AI tsunami strikes again, reviewing 10 AI altcoins worth paying attention to

Author: Golem, Odaily Planet Daily

In May, the AI tsunami is coming again. OpenAI will release a multimodal AI model capable of conversation and object recognition at 1 AM (UTC+8) on May 14. Google will showcase the latest AI tools and related product enhancements at the Google I/O conference at 1 AM (UTC+8) on May 15. Microsoft will also focus on AI topics at the Build annual developer conference on May 21.

AI is the most popular narrative across various fields in 2024 and will have a chain reaction. Back in February, when OpenAI launched the text-to-video model Sora, various AI concept altcoins experienced a surge. The AI tsunami in the tech industry this May may also trigger a rise in AI concept altcoins in the crypto industry.

Odaily Planet Daily will review 10 potentially undervalued AI concept altcoins for your reference.

PALM (PaLM AI)

Concept: PALM AI is a second-generation AI solution supported by Google's AI tool suite and internal innovative algorithms. The project focuses on developing on-chain AI integration tools and AI applications that can be used in the real world, while also providing customized AI robot solutions to meet the diverse needs of individuals, groups, enterprises, and projects. PALM is the utility token of PaLM AI, and holding PALM allows participation in the platform's revenue sharing.

Market Cap: $73 million

GLQ (GraphLinq Chain)

Concept: GraphLinq is a no-code automation platform on the blockchain, consisting of the GraphLinq chain and GraphLinq protocol, designed to enable users to easily deploy and manage various automation processes without programming skills through four components: IDE, App, Engine, and Marketplace, while also using built-in AI to help build dApps. It completed a strategic funding round on March 15, with DWF Labs participating, though the specific amount was not disclosed. GLQ is the native token of the GraphLinq chain, used to pay gas fees in the network.

Market Cap: $31 million

VMINT (VoluMint)

Concept: VoluMint is an AI automated market maker that can seamlessly integrate with CEX and DEX, providing fully customizable market-making solutions to support crypto projects. Its market-making solutions include barrier-free market-making robots, AI automated trading bots, decentralized and unpredictable trading models. VMINT is the utility token of VoluMint, and a certain proportion of VoluMint's revenue will be allocated to those who choose to stake tokens, notifying token holders to participate in project voting governance.

Market Cap: $14 million

NAVI (Atlas Navi)

Concept: Atlas Navi is a navigation application that uses AI and smartphone cameras to detect road conditions, accidents, traffic conditions in each lane, available parking spaces, police cars, etc., to avoid problematic roads and find the fastest route to the destination. At the same time, through the Drive to Earn economic model, users can earn NAVI token rewards by using the navigation. Atlas Navi received a $1.2 million grant from the EU in 2019 to develop its technology.

Market Cap: $11 million

(ChainGPT)

Concept: ChainGPT is a developer of AI solutions in the Web3 space, building various tools for users by integrating large language models (LLM) with blockchain. This includes AI chatbots, AI NFT generators, AI news aggregation, AI trading assistants, automated smart contract generation, and auditing, among others. CGPT is the utility token of ChainGPT, granting holders rights to participate in DAO voting, staking, free access to AI tools, airdrops, etc.

Market Cap: $110 million

AI (Sleepless AI)

Concept: Sleepless AI is an AI-based virtual companion game that utilizes AIGC and LLM to create rich story-based gameplay and organically developing interactions with characters. The project is currently developing three games, with the first game being HIM, a virtual boyfriend Otome game, which has officially received App Store approval in over 150 countries worldwide.

Market Cap: $153 million

GPU (Node AI)

Concept: Node AI is a decentralized platform that provides GPU and AI resource leasing. Users can stake GPUs to earn revenue sharing, while also offering AI node leasing, GPU computing power lending, and other services.

Market Cap: $121 million

ENQAI (enqAI)

Concept: enqAI is a decentralized AI model network fully supported by a decentralized GPU node network. This allows enqAI to ensure its models are free from political and cultural biases and resistant to censorship. ENQAI is the token reward issued by enqAI to support its nodes.

Market Cap: $48.6 million

EMC (Edge Matrix Computing)

Concept: EMC (Edge Matrix Computing) is a decentralized AI computing application network and also a Depin+AI concept project. EMC directly connects GPU computing power assets with AI applications, providing them to ordinary developers and users in a cost-effective and convenient manner. EMC has completed two rounds of financing, led by Faculty Group and Flow Ventures, with the amount undisclosed.

Market Cap: $30 million

AQTIS (AQTIS)

Concept: AQTIS is a smart liquidity protocol powered by Quant-Tech and AI. Liquidity is provided by dApps built on AQTIS, aiming to allow ordinary users to utilize institutional-level investment strategies for stable returns and advanced trading.

Market Cap: $12.6 million

Summary

From the historical cycles of the crypto industry, bull markets generally last about 1.5 years after halving, while altcoin seasons typically begin within a few weeks after halving. The AI concept is undoubtedly one of the most hype-worthy narratives, and with the hot news in the tech industry, it is worth preparing in advance.