These are the three highest-earning AI cryptos this year

• Artificial intelligence has been the best-performing sector in cryptocurrencies this year, according to data from Blockworks.
• AIOZ, AR and FET are among the highest yielding AI tokens to date.
• Market cap of AI tokens surpasses $21 billion on Wednesday.

The Artificial Intelligence (AI) sector of the crypto market has several protocols whose tokens have generated significant returns for users since the beginning of 2024. AI is one of the best performing crypto asset classes in 2024, according to BlockWorks data.

The best performing assets are AIOZ Network (AIOZ), Arweave (AR) and Fetch (FET) as the AI ​​supply chain focused on utility.

The global market cap of the AI ​​token category is over $21 billion, according to CoinGecko data at the time of writing.

Best performing AI tokens so far this year

Blockworks data shows the performance from 2024 to the present of ten cryptocurrencies in the AI ​​sector. Render (RNDR), FET, Bittensor (TAO), Akash Network (AKT), Near Protocol (NEAR), Nosana (NOS), Worldcoin (WLD), Filecoin (FIL) and Arweave (AR) are seen in the chart below .

AI tokens saw the biggest gains in March. There has been a decline since then, but performance to date for top AI tokens ranges from 20% and over 200% gains on Blockworks.

YTD performance of these tokens:

AIOZ: 214.95%

RA: 142.61%

FET: 33.81%

Even though the top 3 tokens underwent a correction in their prices in August 2024, the YTD gains of these assets are the highest in the category, according to Blockworks data.

Current performance of AI coins

AIOZ network

AIOZ Decentralized Content Delivery Network (dCDN) is a protocol that powers Artificial Intelligence computation, data storage and data flow for decentralized applications (dApps) in the ecosystem.

The latest development of the AIOZ network is its collaboration with the University of Arkansas on an AI project to advance medical imaging, announced on August 15.

AI Token has gained popularity among traders because the AIOZ network offers low transaction fees compared to most other applications, instant finality helps speed up live streaming, and tokens can be won by staking. Users can make payments to dApps on the network using AIOZ tokens, and the peer-to-peer network offers better scalability and cost efficiency than other AI video streaming services.

AIOZ was up nearly 2% on Wednesday, trading at $0.4459 at the time of writing.

AIOZ could extend gains by nearly 26% and hit key resistance at $0.5641, the neckline of an inverted W formation on the daily AIOZ/USDT chart.

The Relative Strength Index (RSI) reads 45.67, moving closer to the neutral level.

AIOZ/USDT daily chart

AIOZ could find support in the Fair Value Gap (FVG) between $0.3179 and $0.3891.

Arweave

Arweave describes the network as the Internet’s open library. AO is a project of Arweave, a hyper-parallel computer that provides on-chain temporary data storage utility.

Arweave is popular for data persistence, however, with the new update, it has also introduced time-limited storage, providing a solution to more developers and users looking for the utility.

AR is trading at $23.56 and the AI ​​token price is almost unchanged on Wednesday.

AR is likely to rise 11.53% towards the next key level, $26.35, the upper limit of a fair value gap (FVG) on the chart below. The Relative Strength Index (RSI) shows 50.52, at the neutral level.

AR/USDT Daily Chart

AR could find support in FVG between $21.60 and $22.90, and the August 5 low of $16.22 in case of a price correction.

taking over

FET is trading at $0.886, extending gains by nearly 2% on Wednesday. AI-powered blockchain helps users create a decentralized digital economy in a single ledger.

The price of the AI ​​token has been almost unchanged over the past seven days, according to TradingView data.

FET/USDT Daily Chart

The Fetch token could extend gains by 12.79% towards $1, a key psychological level for the asset. Since the steep correction in the last week of July and early August, $1 has emerged as a key level for FET.

Relative Resistance Index (RSI) shows 43.32, FET is recovering from oversold condition on August 7th.

FET could find support at FVG between $0.85 and $0.86 in case of a correction.