The post Top AI Altcoins Poised to 20x in this Crypto Bull Run appeared first on Coinpedia Fintech News
Altcoins are creating a buzz in the market with a rapid rise of 7.9% in market cap, while Bitcoin’s price stayed flat, causing its dominance to dip to 58.54%. In contrast, AI tokens have been outperforming the majority of meme coins, with several seeing impressive gains of over 20%, including Bittensor, which surged 20% thanks to the excitement around its new EVM compatibility.
Meanwhile, the AI sector continues to attract attention, with OpenAI securing $1.5B in funding despite a significant data leak, and Talus Network hitting a $150M fully diluted valuation. While Bitcoin takes a breather, altcoins—especially those in the AI sector—are surging, showing strong growth potential.
With the bullish momentum in mind, Analyst predicts that AI’s total addressable market (TAM) could exceed $12 trillion in the next 6-7 years, even capturing just 5% of that for decentralized AI would be worth $600 billion. With speculative premiums, the sector could reach a ~$1.8 trillion market cap, making it a key area to watch.
Here are some of his top AI crypto picks:
Miles Deutscher has identified several promising altcoins within the AI and crypto sectors, each with its unique innovations. Bittensor (TAO) leads the pack by decentralizing AI research and recently integrating with Ethereum, making it a prime candidate for DeFi applications. He recommends buying it during market dips, as it’s a solid pick for anyone looking to get involved in the growing AI sector.
Next up is NEAR Protocol (NEAR) which jumped 17% this week after teaming up with Deutsche Telekom to help validate transactions on its blockchain. With $243M in total value locked, NEAR is using AI features to innovate, and it’s working on a huge 1.4 trillion-parameter AI model. This makes NEAR an exciting player in both AI and blockchain development.
Grass (GRASS) is another top pick, connecting real-world data with AI and crypto, which positions it well as the demand for valuable data continues to grow.
Spectral Labs (SPEC) is revolutionizing the space with AI agents that can operate autonomously on-chain, automating processes like trading and decision-making. Mode Network is leveraging AI to create tools that automate crypto investment management, adding a new layer to the DeFi space.
Is Altcoin Season on the Horizon?
Miles Deutscher further highlights Bitcoin’s growing dominance since April 2023, which often signals the start of a new cycle. As Bitcoin leads the charge, its price rise can be a good sign for altcoins in the long run. When Bitcoin performs well, more investors typically shift their focus to altcoins, kickstarting an altseason.
