The AI tsunami strikes again, and 10 AI altcoins worth paying attention to are counted

Original author: Golem

Original source: The Planet

The AI tsunami is back in May, with OpenAI releasing a multimodal AI model capable of conversing and recognizing objects at 1 a.m. (UTC+8) on May 14, Google showcasing the latest AI tools and related product enhancements at Google I/O on May 15 at 1 a.m. (UTC+8), and Microsoft focusing on AI at the Build annual developer conference on May 21.

AI is the most popular narrative in all sectors in 2024, and there will be a ripple effect, with various AI-concept altcoins rallying in February when OpenAI launched its text-to-video model Sora. The tech tech tech tsunami in May may also trigger a rally in crypto AI concept altcoins.

In this article, Odaily will take a look at 10 AI concept altcoins that may be undervalued for your reference.

PALM（PaLM AI）

Concept: PALM AI is a multi-platform, second-generation AI solution powered by Google's suite of AI tools and innovative in-house algorithms. The focus of the project is to develop on-chain AI integration tools and AI applications that can be used in the real world, while also providing customized AI robotics solutions to meet the diverse needs of individuals, groups, businesses, and projects. PALM is the utility token of PaLM AI, and holding PALM allows you to participate in the platform's revenue share.

Market Cap: $73 million

GLQ（GraphLinq Chain）

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

Market Cap: $31 million

VMINT(VoluMint)

Concept: VoluMint is an AI-automated market maker that can seamlessly integrate with CEXs and DEXs, and provides fully customizable market making solutions to power crypto projects. Its market-making solutions include accessible market-making bots, AI automated trading bots, decentralized and unpredictable trading models. VMINT is VoluMint's utility token, and a percentage of VoluMint's revenue will be distributed to those who choose to stake their tokens, notifying token holders that they can also participate in the project's voting governance.

Market Cap: $14 million

NAVI(Atlas Navi)

Concept: Atlas Navi is a navigation app that uses AI and smartphone cameras to find the fastest route to reach the destination for users by detecting road conditions, accidents, traffic in each lane, available parking spaces, police cars, and more to avoid problematic roads. At the same time, through the Drive to Earn economic model, users can be rewarded with NAVI tokens for using navigation. Atlas Navi received a $1.2 million grant from the European Union in 2019 to develop its technology.

Market Cap: $11 million

CGPT（ChainGPT）

Concept: ChainGPT is a developer of AI solutions in the Web3 space, building various tools for users by integrating large language models (LLMs) with blockchain. These include AI chatbots, AI NFT generators, AI news aggregation, AI trading assistants, automated smart contract generation and auditing, and more. CGPT is ChainGPT is a utility token, and holders have the stake to participate in DAO voting, staking, free access to AI tools, airdrops, and more.

Market Cap: $110 million

AI（Sleepless AI）

Concept: Sleepless AI is an AI-based virtual companion game that leverages AIGC and LLMs to create rich story-based gameplay and interactions with the organic development of the characters. The project is currently working on three games, the first of which is HIM, a virtual boyfriend Otome game that has now been officially approved by the Appstore in 150+ countries around the world.

Market Cap: $153 million

GPU(Node AI)

Concept: Node AI is a decentralized platform that provides GPUs and AI resource rentals. Users can stake GPUs to obtain revenue sharing, and provide services such as AI node leasing and GPU computing power lending.

Market Cap: $121 million

ENQAI(enqAI)

Concept: enqAI is a decentralized network of AI models, powered entirely by a decentralized network of GPU nodes. In this way, enqAI can make its models politically and culturally biased and censorship-resistant. ENQAI is a token reward issued by enqAI to the nodes that support it.

Market Cap: $48.6 million

EMC（Edge Matrix Computing）

Concept: EMC (Edge Matrix Computing) is a decentralized AI computing power application network, and it is also a project of Depin+AI concept. EMC connects GPU computing assets directly to AI applications and makes them available to the average developer and user in a cost-effective and convenient manner. EMC has closed two rounds of funding, led by Faculty Group and Flow Ventures, for an undisclosed amount.

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 top of AQTIS and is committed to making institutional-grade investment strategies accessible to ordinary users for consistent yields and advanced trading.

Market Cap: $12.6 million

summary

Looking at the historical cycle of the crypto industry, the bull market generally lasts for about 1.5 years after the halving, and the copycat season will start in the weeks after the halving. The concept of AI is undoubtedly one of the most hyped narratives, and combined with the hot news in the technology industry, it is worth laying out in advance.