News
3 Crypto AI Tokens to Watch in July 2024: RNDR, FET, and AnomalyAI in the Spotlight
FET Price Action After Crypto AI Token Merger | Source: TradingView
Instead of launching a new token, Fetch.ai, Ocean Protocol and SingularityNET have opted to merge and continue trading under the FET teletype.
In terms of recent price action, FET has mirrored the downtrends in the cryptocurrency market. As seen in the chart above, FET price has dropped by 36.53% over the weekly period to reach the $1.21 level at the time of writing on July 4.
The merger will not only streamline the operations of these projects, but will also improve their collaboration capabilities, create a larger community, and ultimately, create greater market demand for FET during the next bull market phase.
This milestone effectively makes FET one of the top crypto AI tokens to watch in July 2024.
Anomaly AI: Crypto-based AI gaming industry gains traction
The crypto-based AI gaming industry is experiencing rapid growth, driven by the technological convergence of advanced AI capabilities and the blockchain technology stack.
This merger is transforming gaming into a more interactive and immersive experience, attracting a large and engaged user base. Anomaly is one of the fastest growing AI-gaming ecosystems to watch in July 2024.
Anomaly is a layer 3 app chain that integrates custom AI-powered mini-games directly into platforms like Telegram, Twitter, and other social media platforms.
In June, Anomaly saw impressive user engagement, with 181,675 registered users on its Telegram games and over 212,272 Dicestone games played weekly. The platform also saw 1,648,695 ChatGPT API requests and 51,936 Hovercat PFPs minted on the testnet, demonstrating solid activity and adoption.
July is expected to be a bullish month for Anomaly AI, with the upcoming launch of its Telegram AI Launcher and several new games. These developments, coupled with a play-to-airdrop system and an SDK for AI card game creators, are likely to drive user engagement and market interest.
With the backing of high-profile investors such as Decasonic, Shima Capital, and The 333 Club founder Zeneca, AnomalyAI and the crypto-based AI gaming industry appear to be well-positioned for significant growth.
RNDR Token: Another All-Time High Coming?
Render Network (RNDR) is another token associated with the Crypto AI sector, poised for a potential bullish rebound in July. Render Network provides a decentralized GPU rendering ecosystem, which is increasingly critical to 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.