Key Takeaways
The place where 2024’s hot tech topic—Artificial Intelligence (AI)—and crypto met didn’t entirely have the best month in October 2024.
With the sector’s biggest hitters, such as Internet Computer (ICP), Near Protocol (NEAR), and Bittensor (TAO), all suffering monthly losses, it was left to some of the less well-known AI cryptocurrencies to show what they could do.
Look at the three biggest growing AI cryptos for the last month.
Virtuals protocol takes AI and puts it into the Metaverse. While combining the biggest tech trends from 2024 and 2021 might seem odd, that didn’t put investors and traders off its VIRTUALS token.
The news that the platform was helping give people co-ownership of AI agents on the BASE blockchain, coupled with a hat-tip from Coinbase boss Brian Armstrong , helped skyrocket the crypto. In October, VIRTUALS shot up by a staggering 557% from $0.05118 to $0.3364.
The Nosana platform aims to do two things. Firstly, it wants to use AI inference to give AI users flexible access to GPUs. Secondly. it wants to help GPU users by letting them make money from renting their processors out to AI users.
In October 2024, Nosana announced it would move from Solana to its blockchain in January next year. This news helped bring attention to Nosana, which enabled it to climb just under 50% over the course of the month from $2.09 to $3.11.
Arkham is a platform that uses AI to deanonymize the blockchain and give people better access to on-chain data.
The protocol announced a range of new features in October, including the ability to monitor users’ Phantom Wallet transactions .
These developments helped boost the platform’s ARKM token, which moved 10% from $1.47 to $1.62 over the course of the month.