AI coins in the cryptocurrency market refer to a subset of digital assets that are designed to incorporate or promote the use of artificial intelligence technology.

If you check the AI category on coinmarketcap website, you will see varieties of decentralized AI projects, and some are powered by special native layer 1 or layer 0 blockchains.

When I say 'native' I am talking about AI crypto projects that have their own blockchains.

Do you understand this concept now?🥰

These coins typically aim to improve the efficiency, scalability, and security of various blockchain applications, as well as to enable the development of new AI-powered decentralized networks and applications.

An AI blockchain is a decentralized network that uses artificial intelligence technology to improve various aspects of its operation, such as transaction processing, data management, and network security.

By incorporating AI algorithms and protocols, an AI blockchain can potentially enable more efficient, secure, and scalable operations compared to traditional blockchains that you are familiar with.

You see am? They are the next level of development in the blockchain technology industry.

Not saying that these chains will reduce the usability of the Ethereum and Bitcoin blockchains, but they will open new opportunities to users.

Some potential use cases for AI blockchains include implementing intelligent contract systems, enabling decentralized autonomous organizations, and facilitating the development of new AI-powered applications and services.

For example, AI algorithms and protocols can be complex and difficult to implement, and there are concerns about the potential for bias and discrimination in AI-powered systems. But these concerns are being addressed presently.

Possibly, you are just hearing about this category of blockchain for the first time:)

They have been around for a while, but they are yet to enjoy decent media attention and hype.

Some of these coins are in the accumulation stage right now and only a few of them were pumped in the last bull season.

By the next bull season, the hype for AI blockchains would be massive, and associated native coins will enjoy a 10x to 20x price increase.

Guess what?

Many of them are low-market capitalization coins and the upward potential is high.

Don't hesitate to do a little more research on your own and add some AI coins to your portfolio with spare cash.

Did you notice anything in this letter? It is complementing the last letter that I share with you.

Always watch out for new trends and don't be a latecomer.

Over to you. Is there anything in this letter that you do not understand? Am I using unfamiliar terms?

Let me know, reply with your questions, and I will respond immediately.

If you enjoyed this letter, kindly share it with your friends and family.

Ojeniyi Ayobami Abimbola is your guy that teaches crypto in simple Nigerian English language.

Till I write you again, stay awesome!

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