How the top 5 AI tokens, AGIX, FET, OCEAN, RLC, and NMR fared during 2022

Artificial Intelligence (AI) crypto tokens are riding a wave of interest that began with the release of chatbot ChatGPT, which has recorded the imaginations of individuals throughout the globe.The obvious capabilities of ChatGPT display the capacity of AI to revolutionize numerous elements of life. As such, some are promoting AI crypto tokens as the next huge thing.This has been reflected in a strong efficiency in the AI sector. As at Jan 18, over the previous 30 days, the top 3 gainers were Kambria, SingularityNET, and Graphling Protocol which grew 445%, 322 %, and 290%, respectively.An analysis of the leading 10 performers over the last 30 days showed considerable drawdowns from all-time highs, with 6 of 10 losing 90 %or more in value from their peak rate. AI Cryptos/ Source: CryptoSlate.com AI tokens are mostly microcaps In the list above, eight of the ten are micro caps, generally corresponding to untested evidence of principle, a high danger of failure/abandonment, and an absence of liquidity. A microcap is a crypto task with less than$50 million in market cap valuation.However, on

the spin side, with high risk comes

high reward, as the upside capacity is heightened by capital inflows generating more substantial percentage gains on low market caps.Filtering information by market cap revealed that the entire AI sector makes up micro-cap offerings, except for the top 7. The top 7 AI tasks have market cap valuations of less than$1 billion, making them small caps.

AI Cryptos/ Source: CryptoSlate.com The AI sector is underdeveloped and underinvested, with the leading AI token– SingularityNet– presently ranking 118th biggest crypto task by market cap.As such, current sky-high percentage gains within the AI sector are overstated compared to large caps in real inflows.Top 5 AI tokens by market cap Nonetheless, numerous are still considering AI as the next sector to boom, leading to speculative fervor from investors looking to get in early.All of the leading 5 AI tokens lost substantial worth over in 2015, as anticipated. iExec RLC fared best with a 59%drawdown over the period. However, a strong start to 2023 by all has SingularityNet leading the pack, up 360%YTD.SingularityNet AGIX opened 2022 at$0.2026,

closing the year at $0.0464, relating to a 77%loss in worth over the duration. The token has actually since shot up enormously in 2023, peaking at$ 0.2581 on Jan. 14.

YTD gains been available in at 365%. Bring FET opened 2022 at$0.5029, closing the year at$0.0916, corresponding to an 82%loss in value over the period. Given that the start of the brand-new year, FET has actually taped sharp relocations greater, peaking at $0.2986 on Jan. 18, being available in with a YTD gain of 203 %. Ocean Protocol OCEAN opened 2022 at $0.8523, closing the year at$0.1630, corresponding to an 81 %loss in value over the duration. 2023 began with strong price action screening resistance at the$ 0.2995 zone on Jan. 14 and again on Jan. 17. YTD gains at 67%. iExec RLC opened 2022 at$ 2.957, closing the year at$1.221, relating to a 59 %loss in value over the duration. A strong start to the brand-new year saw RLC record a regional top of$ 1.883 on Jan. 15 before quiting most of those daily gains. Its YTD increase can be found in at 32%

. Numeraire

NMR opened 2022 at $31.49, closing the year at $12.29, corresponding to a 61% loss in value over the period. The token recorded a local of $17.76 on Jan. 14, tape-recording YTD gains of 31%. Published In: AI, Bear Market, Technology Recent AI Stories CryptoSlate Wrapped Daily: Genesis declares insolvency; Cardano creator desires CoinDesk Mike Dalton · 2 days back · 3 min checked out AI avatars launch on Polygon as CharacterGPT brings NPCs to life Liam’Akiba’Wright · 3 days back ·