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How to make money from AI in cryptocurrency

How to make money from AI in cryptocurrency
CryptON
30/10/2024
Authors: CryptON
#ArbitrageScanner
#Research and Analysis

How to Profit from AI in Cryptocurrency

Many are excited about the intersection of AI and cryptocurrencies. A successful example is Truth Terminal with its meme coin GOAT, which, thanks to a grant from Marc Andreessen, reached a market cap of nearly $670 million. This project is just one of many interactive AI agents creating a "flywheel" effect for their tokens. Let’s briefly look at two projects on the Base blockchain and review early traders’ activities on the VIRTUALS platform.

How do you create your own AI agent?

Today, anyone can launch a tokenized AI agent in just a few minutes using platforms like Creator Bid and Virtuals. These apps allow users to create AI agents to monetize content. With so many agents being created, only a few will reach high market caps, so caution is advised.

How to make money from AI in cryptocurrency

Virtuals is actively developing AI personalities, from virtual companions to in-game NPCs, with a focus on gaming. Launched in March 2024, the team previously collaborated with PathDAO, a prominent gaming guild, and has TAO’s support for audio-to-animation models.

VIRTUAL is the native token of the platform, benefiting from the growth of projects and characters. Through a buyback mechanism, a portion of the revenue from dapps using AI agents is used to repurchase VIRTUAL, creating additional demand. There is also a potential airdrop for VIRTUAL holders who may receive tokens from new agents or applications.

To see these innovations in action, you can watch AI Luna working in real-time and transacting on the blockchain. AI agents are constantly improving, and agents like Luna, with a market cap of $55 million and 500k followers on TikTok, have a strong growth foundation.

Top Traders Profiting from AI Agents

We are tracking the top traders of the VIRTUAL token in 2024. Our early buyers include all addresses that bought VIRTUAL between June 14 and October 12, 2024, resulting in gains of 4-5x with the current price around $0.20.

 

How to make money from AI in cryptocurrency

To focus on high-signal wallets, we excluded contracts and high-activity "noisy" addresses. Below are the top 10 addresses with VIRTUAL holdings equivalent to $100k at current prices. Key holdings also include SPX, ETH, cbBTC, WAI, and WELL.

Trader Address Token Symbols Total USD
0x9990eddf051ead0a90987b269f33540a2b58ddff ['VIRTUAL'] $66,243
0xc9c39ea439d98ea7347b0ca479828c56a58a1379 ['VIRTUAL'] $55,854
0xdee66139880e918d01da05f0c15263d51e879799 ['VIRTUAL'] $44,993
0xd969b8a6c199c616eac2ffd4c61f734e90e3de18 ['VIRTUAL'] $42,743
0x3a769176a997990f20a3162a7b1aa44756549370 ['VIRTUAL'] $37,009
0xeb2eb5c68156250c368914761bb8f1208d56acd0 ['VIRTUAL'] $35,496
0x2712a88b0df57fcaac24c2f62964e0cc503c76a9 ['VIRTUAL'] $34,771
0xe4a70f6849e16f0ae2b322905315998b062b473e ['VIRTUAL'] $30,367
0xef52d104f2c0ba5138fbab879457b22edfb9b14c ['VIRTUAL'] $29,175
0x1b15e1ad65cb80303bf7e399fc68481cb724c0b1 ['VIRTUAL'] $28,418

 

Conclusion

With the rise of memecoins and AI agents, AI agents are emerging as a lasting new meta. They may soon overshadow current DePin projects, as their potential for value growth is high. For now, this trend mainly appeals to crypto enthusiasts and tech-forward individuals. But as AI agents integrate into gaming and daily life, their audience will expand.

Investing early in projects like GOAT and platforms like VIRTUAL could provide significant exposure to this evolving trend.

Note: Tokens mentioned in this article do not constitute financial advice. Please remember to DYOR (Do Your Own Research) and be mindful of the risks involved.

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