Bitcoin (BTC) is rising, and the resulting tide is lifting the broader crypto markets.
Amid this refreshing upswing, crypto projects tying artificial intelligence (AI) into their operations have posted solid gains in the past trading week. Of note, The Graph (GRT), Borroe.Finance (ROE) and Render (RNDR) are up double digits, with ROE specifically defying gravity, extending their presale gains, and emerging as one of the top altcoins.
That these best altcoins are posting superior gains, even outperforming established projects, including Bitcoin (BTC) and Ethereum (ETH), within the same time frame, has to do with what AI brings into the table and what experts forecast the market to be in the next few years.
By 2030, AI as an industry is expected to be a $1.81 trillion market, growing at a CAGR of 37.3% from 2023, according to Grand View Research.
Most of this growth will be driven by the adoption of AI-led technologies and their integration into crucial sectors of the economy, including finance and health care. This would draw trillions, and crypto projects aiming to tap into this will likely rise with the tide, recording huge market valuations.
Accordingly, to forecast the future of these tokens, some analysts are turning to an AI tool, ChatGPT, a chatbot developed by OpenAI, for help.
Here’s what ChatGPT has to say about:
BorroeFinance: Creating An AI-Led Funding Marketplace
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Their objective is to allow web3 businesses, including content creators, to raise funds by selling future earnings from subscriptions, royalties, and invoices to their respective communities. These earnings are minted as NFTs and listed on the marketplace at a discount.
Since ROE is the native token of Borroe.Finance, and released as an ERC-20 token on Ethereum’s sidechain, Polygon, it has utility. AI is used for risk assessment, while Polygon, the underlying blockchain platform, allows for a transparent and low-fee trading environment.
ChatGPT highlighted Borroe.Finance’s core value proposition and predicted growth in the coming months as AI finds more adoption.
For investors, therefore, the ongoing Borroe.Finance presale might present opportunities to buy a token that might be one of the top 10 altcoins in the future.
The Graph And Render: What’s In For These Alternatives?
The Graph is a decentralized indexing protocol for blockchains, allowing developers to create applications that can better query public ledgers.
The solution is secured by a network of indexers that efficiently executes all queries. Thus far, The Graph has been integrated by leading platforms, including Uniswap, the decentralized exchange (DEX). GRT is the native token, meaning all operations within The Graph must be paid in the currency.
Recently, the protocol deployed on Solana–the Ethereum competitor, subsequently increasing the number of supported ledgers. At the same time, they released a new version of their GraphQL API, improving general performance.
Render is a decentralized GPU platform allowing users to rent their computing power. At the heart of Render is their RNDR token, which is used as a utility.
Though Render is still developing, supporters are bullish that the project could change how 3D graphics will be rendered. This is because the solution will empower designers to create high-quality graphics cheaply, thanks to the decentralization of GPU power.
The platform has since partnered with Google Cloud Platform, allowing users to access the giant’s GPU resources. At the same time, leading graphics companies, including Pixar and Disney, use Render. These high-profile partners endorse the quality of the platform and may support RNDR prices in the long term.
ChatGPT predicts GRT and RNDR prices will rise in the long term. However, while there will be growth, ChatGPT notes that increasing competition, especially from centralized solutions, might hinder the medium to long term.
AI is proving to be one of the biggest disruptors in the 21st century. While some view it as a problem, some projects ride the wave, integrating the technology into their operations. Borroe.Finance, Render, and The Graph might continue to increase their valuation in the coming years, accelerated by rising adoption.
ROE, that’s already one of the top DeFi coins, is available at a discount in the ongoing presale. Smart investors are free to explore the project.
Learn more about Borroe (ROE) here:
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