In recent years, artificial intelligence has gained substantial traction, benefiting companies like NVIDIA and OpenAI. This trend is expected to continue, driving significant growth. Alongside, the Real-World Asset (RWA) market shows potential to attain a trillion-dollar valuation. Within this context, Kyren, a renowned crypto analyst, has spotlighted two altcoins—Hedera (HBAR) and Internet Computer (ICP)—as potential gainers in 2024.
What Are the Altcoins?
Kyren, operating under the pseudonym noBScrypto, emphasizes the potential of HBAR and ICP. His analysis focuses on their ability to capitalize on trends in real-world asset tokenization, decentralized physical infrastructure networks (DePin), and AI integration. Despite prior setbacks, these altcoins are poised to leverage their unique attributes for future growth. Access NEWSLINKER to get the latest technology news.
Why Are They Important?
Hedera, through its HBAR Coin, aims to secure the internet with its decentralized infrastructure. Hedera Hashgraph, the technology behind HBAR, enables the development of specialized decentralized applications. While it hasn’t overtly ventured into AI, the network’s high efficiency, security, and low transaction fees create a conducive environment for AI applications and tokenizing physical assets.
On the other hand, Internet Computer (ICP) had a promising start with its vision of decentralizing the traditional client-server model to support Web3. Its architecture supports rapid application deployment and AI models. Although it faced significant setbacks, if efforts align, ICP could serve as a robust mechanism for real-world asset tokenization.
Key Takeaways for Investors
– Hedera’s technology facilitates the creation of secure decentralized applications.
– Hedera Hashgraph’s speed and low fees make it suitable for AI and tokenization applications.
– Internet Computer supports fast applications and AI models despite past challenges.
– Both altcoins have untapped potential in integrating AI and tokenizing real-world assets.
As these initiatives progress in AI and RWA tokenization, they could witness substantial growth in 2024, aligning with Kyren’s optimistic outlook.