With Bitcoin’s halving complete and dusted, the race is on to become the next wave of millionaire-making cryptos
There already is 88,200 crypto millionaires Since they are spread around the world, the idea of cryptos making millionaires is not new. So there is a need to utilize the space, especially since then Bitcoin (BTC USD) Rewards were halved last Friday. In the past, the event caused the price of Bitcoin to surge. At its current level of around $66,500, Bitcoin is well positioned for further rise.
Bitfinex predicts that supply dynamics will lead to this after the fourth halving five times more demand for the crypto. This means the search for millionaire-making cryptos will heat up in the future as Bitcoin pushes us into a new rally.
But the names we will be looking at are not Bitcoin. If you want to make big profits, think about altcoins. The market value of the first of these coins has recently fallen. Even though it went down, the recent 750 percent rally shows that it may be able to bounce back.
At the forefront of the artificial intelligence market is a coin that has become a major player. With growth of more than 700% in the first quarter, it is capitalizing on the growing need for projects that use AI.
Finally, a crypto platform focused on AI can boast a one-year return of 201% and is improving the way people engage with AI technologies.
Let’s explore!
Mantra (OM-USD)
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Mantra (OM-USD) has seen some fluctuations in market performance, falling over 6% in the last week and changing hands at 69 cents, a slowdown no one expected for a cryptocurrency that increased by 750% in a short time. However, on an annual basis, it is still up over 2,000%.
The project recently launched an incubator at the Dubai World Trade Center and launched a blockchain innovation program. The goal of these projects is clear: more innovation in blockchain projects will increase Mantra adoption and developer participation, and the price increase will also continue.
Mantra not only increases engagement but also offers technical and community benefits. Instead of developing a new coin, the community supports OM, the native token of the Mantra Chain; The goal is to simplify the ecosystem and improve value for OM holders.
Overall, Mantra is doing well. To further its goal of tokenizing various assets, including real estate, mutual funds and works of art, it has just closed on investment of $11 million. To expand its global presence, it hopes too to obtain banking licenses in the United Arab Emirates and Hong Kong.
Delysium (AGI-USD)
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As we continue to look for cryptocurrencies that produce winners, our next pick is Delysium (AGI USD). It was the most powerful AI-focused cryptocurrency in the first quarter of 2024 with an increase in value of over 700%.
The increase in Delysium’s value is related to the fact that more and more people are interested in projects focused on AI; Thanks to Nvidia’s (NASDAQ:NVDA) Market cap of $2 trillion, everyone is looking to invest in the AI trend. As more buyers look for open alternatives to popular AI products, this fits with this trend.
One of Delysiums innovative apps is Lucy, an AI-driven Web3 operating system. This technology helps people use cryptocurrencies and permissionless on-chain things using natural language.
Creating an “AI twin” for a user is on Delysium’s plan and is a big step towards making the virtual world more active. Delysium wants to create a virtual world where 100 billion AI characters and 1 billion people can live together.
Delysium also made one “playable white paper” that presents information about games in a way that makes them easier to understand and more fun than regular white papers.
Players stake to receive AGI, the platform’s currency. The value of these tokens increases as users trade and vote on game ideas. Therefore, due to the project’s unique features and strong technology, AGI coins are a good way to invest in the growing blockchain gaming industry. Therefore, it is one of the best cryptocurrencies that mint millionaires.
SingularityNET (AGIX-USD)
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We end this list of crypto millionaires with SingularityNET (AGIX USD), which focuses on AI and delivers a one-year return of 201%.
Customers can explore, test and choose from a growing collection of AI algorithms in SingularityNET’s AI marketplace.
Additionally, SingularityNET’s OpenCog Hyperon project aims to create a general AI system that is expandable and free to use. Using a common knowledge base, different AI methods, such as neurosymbolic AI and evolutionary learning systems, can work together and improve each other in this common setting.
So is the Cardano community Financing of AI projects to help SingularityNET and Cardano work even better together and add AI services to the environment.
In all respects, SingularityNET aims to create a platform for technological singularity through its blockchain and AI developments. Plans for the future of the platform include improving its core technology and expanding the use of AGIX.
At the time of publication, Faizan Farooque did not hold (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the author, subject to those of InvestorPlace.com Publishing Guidelines.
