Our topic today will be artificial intelligence and the contributions of blockchain technology to artificial intelligence. The reason why I am addressing this issue is that I have been working on a very valuable artificial intelligence project for about a few months. Likewise, the fact that a company like Nvidia, which has opened up space for artificial intelligence by providing the greatest opportunities, has surpassed China’s entire market value, which has brought artificial intelligence to the top these days. So, what kind of contributions can blockchain technology make to artificial intelligence and which altcoin projects contribute to artificial intelligence?
The partnership of AI and Blockchain creates a strong alliance that addresses data security, transparency, and efficiency concerns. This has increased the combined market size of AI and blockchain technologies to more than $703 million by 2025, with a CAGR of 25.3% from 2020 to 2025.
The technology that powers Bitcoins and other cryptocurrencies will also cause significant changes in the Artificial Intelligence ecosystem. AI is revolutionizing different business verticals by allowing for real-time access to patient data. However, one issue for AI-enabled apps and software is limited data access. They frequently could not access data that was controlled by another company. Furthermore, they find it difficult to investigate data authenticity. As a result, low-quality data is frequently used to forecast outcomes.
In this case, blockchain delivers a vast amount of data that is not held by a single company and is unchangeable and available to everybody. It also enables the sequential and secure application of specific rules, data, and analytics into compliance through the use of smart contracts. Overall, this contributes to the collection of high-quality data in real time while maintaining data privacy and security compliance.
In addition to the benefits of blockchain to AI, the benefits of AI to blockchain are many. Artificial Intelligence in Blockchain accelerates operations by fine-tuning the data mining process, saving time and effort. This modification helps to improve energy efficiency inside the Blockchain ecosystem. Artificial intelligence addresses the Blockchain scaling difficulty by offering powerful decentralized learning systems and unique data-sharing strategies. This increases efficiency and opens new prospects for entrepreneurs and organizations in the Blockchain ecosystem. In the future, all data is projected to be kept on blockchains. This means that businesses will be able to purchase data straight from the holders. Artificial intelligence (AI) will monitor data consumption, control access, and supervise associated tasks. AI will act as data gates, ensuring that blockchain data flows smoothly.
When we examine it on a sectoral basis, I can list the benefits of AI and blockchain working together as follows:
The retail industry has emerged as a unique use of AI in Blockchain. Merging AI and blockchain technology will quadruple AI’s effect on the retail industry. It will enable businesses to preserve their consumers’ insights in immutable blocks and document the entire process so that they can discover what elements were involved if their marketing strategy fails. Furthermore, it will improve the payment process while eliminating the possibility of fraud.
Blockchain technology combined with AI has the potential to alter supply chain management. By merging smart contracts and predictive analytics, businesses may use AI algorithms to evaluate historical data and forecast demand patterns. Smart contracts enable the Blockchain to autonomously modify inventory levels, order supply, and optimize distribution. This integration decreases inefficiencies and mitigates the effects of interruptions.
Integrating Blockchain and AI will also help to simplify financial procedures. While blockchain will increase industry trust through smart contracts, AI will reduce reliance on people to comprehend human emotions and forecast the next action to be taken, ultimately improving automation and performance levels.
So, which are the altcoins that blend artificial intelligence with blockchain technology and whose future seems bright? First of all, I must say that I will make various analyzes by reading the projects of the altcoins I will list now, examining their goals and systems. These analyzes do not mean that I vouch for these altcoins. The altcoins I will mention may not reach the levels I analyzed, be careful when investing, your own money is your own responsibility.
First, I would like to talk about GRT, which I analyzed months ago. Months ago, I talked about GRT’s project in detail and analyzed it. Below you can see which levels I targeted when I made the analysis.
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When I did the analysis, GRT was at $0.09 and it would run up to $0.17. After spending some time there, I stated that it would run to $0.52. As of today, GRT is trading at $0.32. When I use the MSD indicator, it tells me that the critical resistance level is around $0.60. Therefore, I am sure that GRT will see these levels again as artificial intelligence revolutions accelerate.
I also want to analyze RNDR, another artificial intelligence altcoin. In fact, although I highlight the cryptocurrencies that still create a buying opportunity as we catch more rises, the stable and steady rise of RNDR made me really happy. Render’s project was specifically built around allowing users to contribute unused GPU power from their home computers to help create motion graphics and visual effects. Users earn RNDR coins in return. Therefore, although there is no problem in the project, I think this cryptocurrency will be even more valuable if Render diverts this project from using only graphics and visual effects to other uses.
In technical terms, there is no need for me to analyze using price action because the indicators I have developed give me more than I want. For example, the Breakout Spotter indicator told me that there was a breakout on November 13, 2023, and in addition, this breakout broke the $3 resistance detected by the SR indicator and reached current levels. Assuming that every time the SR indicator resistance is broken, the price returns to that region and finds support, I can easily say that this region is a buying opportunity in a scenario where RNDR drops to $5.20.
Likewise, my indicator, which I developed using the polynomial kernel regression method and will include in the package, also informed me that there would be an increase at the beginning of October. Therefore, if RNDR drops to $5.20, I will collect from there.
![](https://yavuzakbay.com/wp-content/uploads/2024/03/image-13-1024x521.png)
When we look at the chart of Theta, another artificial intelligence project token, we see that the Breakout Spotter indicator works very well. I think that Theta’s rise, which saw an increase of over 118% after the breakout, will continue at least up to $4.30. There appears to be strong resistance, especially around $5. If this resistance is broken, the peak will be seen again.
![](https://yavuzakbay.com/wp-content/uploads/2024/03/image-14-1024x521.png)
Finally, when we look at Fetch IO, which is a cryptocurrency in the field of artificial intelligence, I see that it has risen much more than other altcoins in the artificial intelligence sector. I think that profits should be taken in FET, which increased especially after the trend break in December. Therefore, I can say that buying right now is risky, but it would make sense to buy if there is a retreat to the $0.80 region.
![](https://yavuzakbay.com/wp-content/uploads/2024/03/image-15-1024x521.png)
Therefore, I believe that long-term investments in cryptocurrencies make sense, especially in the field of artificial intelligence. Even if you invest in stocks, investing in future technologies is always more profitable.