3 Crypto AI Tokens to Watch in July 2024: RNDR, FET and AnomalyAI in Focus

Crypto AI Sector analysis:

The CryptoAI sector crossed the $25 billion valuation after posting a strong growth performance in June 2024. Bullish catalysts from NVIDIA and Apple’s recent announcement, a landmark FET merger and newly-launch AnomalyAI could spark another rally in July.

Crypto AI Tokens Hit $25 Billion Valuation after NVIDIA and Apples Latest Move

Despite wild volatility in Bitcoin prices, the aggregate valuation of crypto AI tokens has soared to an impressive $25 billion in June, largely influenced by recent moves from tech giants NVIDIA and Apple.

During NVIDIA‘s latest GTC 2024 conference, the company announced groundbreaking AI chips innovation and chart-breaking revenue figures, as its stock price rocketted above $3 trillion to become the world’s most valuable company.

Also, Apple recently forayed into the AI sector. During its Apple Event in June, the company announced the integration of core AI functionality into its flagship iPhones and other devices.

NVIDIA’s advancements, combined with Apple‘s continued push into A, have spurred increased interest and investment in AI-related crypto assets in June 2024, propelling the sector valuation to the $25 billion mark.

Looking ahead, 3 crypto AI tokens are showing promising signals to dominate the market in July 2024.

FET: Crypto Artificial Super-Intelligence Alliance Kicks off

The merger of Fetch.ai (FET) with SingularityNET (AGIX) and Ocean Protocol (OCEAN) into the Artificial Superintelligence Alliance (ASI) is set to create a significant bullish potential for FET in July 2024.

This merger aims to consolidate the strengths of these three decentralized entities into a single powerful token, ASI, which is expected to play a pivotal role in advancing AI research and development.

Rather than launch a new token, Fetch.ai, Ocean Protocol, and SingularityNET have opted to merge and continue trading under the FET ticker.

In terms of recent price action, FET has mirrored the crypto market downtrends. As seen in the chart above, the FET price has dropped 36.53% within the weekly timeframe to hit the $1.21 level at the time of writing on July 4.

The merger will not only streamline the operations of these projects but also enhance their collaborative capabilities, create a larger community and ultimately greater market demand for FET during the next bullish market phase.

This landmark effectively makes FET one of the top crypto AI tokens to watch, as July 2024 unfolds.

Anomaly AI: Crypto AI-gaming sector gains traction

The crypto AI-gaming sector is experiencing rapid growth, driven by the technological convergence of advanced AI capabilities and blockchain tech stack.

This fusion is transforming gaming into a more interactive and immersive experience, attracting a large and engaged user base. Anomaly is one the fastest growing AI-gaming ecosystem to look out for in July 2024.

Anomaly is a layer 3 app chain that integrates custom AI engine-built mini-games directly into platforms like Telegram, Twitter, and other social platforms. 

As of June, Anomaly has seen impressive user engagement, with 181,675 registered users in its Telegram games and over 212,272 Dicestone games played weekly. The platform also recorded 1,648,695 ChatGPT API requests and 51,936 Hovercat PFPs minted on testnet, showcasing robust activity and adoption.

July is expected to be bullish for Anomaly AI, with the upcoming launch of its Telegram AI Launcher and multiple new games. These developments, coupled with a play-to-airdrop system and AI-infused card game creator SDK, are likely to drive user engagement and market interest.

Backed by high-profile investors such as Decasonic, Shima Capital, and The 333 Club founder Zeneca, AnomalyAI and the crypto AI-gaming sector appears to be well-positioned for a major growth spurt. 

RNDR Token: Another All-time High Ahead?

Render Network (RNDR) is another token associated with the Crypto AI sector, poised for a potential bullish rebound in July.  The Render Network provides a decentralized GPU rendering ecosystem, which is increasingly critical for industries such as gaming, virtual reality, and artificial intelligence.

As these industries expand, the need for scalable and efficient rendering solutions is likely to drive increased demand for RNDR tokens.

The chart above illustrates that RNDR token is currently trading at $6.8, reflecting a 50% decline from the all-time high recorded in March 2022.  This price correction presents an attractive entry point for investors, especially as the AI boom triggers demand for decentralized data rendering solutions.

In summary, the Artificial Super-Intelligence Alliance (FET), AnomalyAI and Render Network are 3 major cryptoAI projects to look out for in July 2024.