Top AI and DePIN Cryptocurrencies Poised for 10-100x Gains: Oasis AI (OAI) and Arweave (AR) Lead the Pack
According to a recent tweet thread by Alex Wacy, the upcoming altseason in 2024 is set to bring substantial gains to a select group of altcoins, particularly those in the AI and DePIN (Decentralized Physical Infrastructure Networks) sectors.
Wacy suggests that while the altseason holds promise, only 15-20% of altcoins are likely to experience remarkable growth, with some being new projects.
What you'll learn 👉
The Intersection of AI and DePIN
The AI industry is expected to explode into a massive market, especially as blockchain technology becomes more integrated. The current AI market cap stands at over $25 billion, but within a year or two, leading AI services utilized in everyday life are expected to embrace blockchain technology.
The link between DePIN and AI is particularly strong, as AI introduces the potential for machines to function as autonomous economic entities, creating real value. The DePIN model is crucial in setting up a structure that allows for the sharing of ownership and value. DePIN also offers competitive advantages for AI startups needing cost-effective data storage and computational resources.
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Wacy highlights several projects that are worth keeping an eye on, including:
- IOnet ($IO): Developing an enterprise-grade decentralized computing network for machine learning engineers.
- U2U Network ($U2U): A DAG-based and EVM-compatible chain that leverages Subnet technology for scalability and DePIN compatibility.
- Oasis ($OAI): A compute-powered AI inference platform and network.
- NATIX ($NATIX): The first AI-powered dynamic map supercharged by the DePIN and driver community.
- Arweave ($AR): A blockchain project combining data storage permanence with security and decentralization.
- Render Network ($RNDR): The first GPU rendering platform.
- CUDOS ($CUDOS): A blockchain platform focused on computational power, combining cloud and blockchain technology.
- Nosana ($NOS): Revolutionizing computing power access and utilization by offering a distributed GPU grid.
- Aleph ($ALEPH): An open-source crosschain network offering database, file storage, computing, and a DID framework.
- Akash Network ($AKT): An open-source, community-driven network offering cloud computing services.
Wacy also emphasizes the importance of Peaq Network ($PEAQ), a layer-1 blockchain enabling the creation of decentralized applications (dApps) and DePINs for real-world applications. Peaq collaborates with prominent companies like Bosh, Continental, and Airbus, and boasts an ecosystem of 25 applications.
As the altseason approaches, investors should focus on building a powerful portfolio that includes promising AI and DePIN projects. While not all altcoins will experience significant growth, the intersection of AI and blockchain technology presents a unique opportunity for substantial gains.
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