Artificial intelligence coins are gaining traction with the launch of the chatbot ChatGPT, which stunned humanity. ChatGPT’s capabilities demonstrated the potential of artificial intelligence to revolutionize many aspects of life. This interest is also reflected in artificial intelligence-focused altcoin projects.
How were AI coins doing in 2022?
As of January, the artificial intelligence projects that gained the most value in the last 30 days are Kambria, SingularityNET and Graphling Protocol, which grew 445%, 322% and 290% respectively. Analysis of the 10 best-performing projects over the past 30 days shows significant losses from all-time highs; six-tenths have lost 90% or more of their peak prices.
Top 5 AI tokens by market cap
As Cryptokoin.com reported, Microsoft’s founder Bill Gates announced that his company would invest billions of dollars in the field of artificial intelligence, causing sharp fluctuations in the industry. However, many are still watching AI as the next booming industry, leading to speculative enthusiasm from investors looking to invest early.
As expected, all five top AI tokens have lost significant value compared to last year. iExec RLC performed best during the period, down 59%. However, a strong start to 2023 by all has given SingularityNet the lead with 360% YTD increase.
SingularityNet (AGIX)
AGIX opened 2022 at $0.2026 and closed the year at $0.0464, corresponding to a 77% depreciation over the period. The AI token has skyrocketed since then in 2023, peaking at $0.2581 on January 14. YTD earnings reached 36%.
Fetch (FET)
FET opened 2022 at $0.5029 and closed the year at $0.0916, corresponding to an 82% loss over the period. Since the start of the new year, FET has seen sharp gains, peaking at $0.2986 on Jan. 18 with a YTD gain of 203%.
Ocean Protocol (OCEAN)
OCEAN opened 2022 at $0.8523 and closed the year at $0.1630, corresponding to an 81% depreciation over the period. 2023 started on Jan 14 and again on Jan 17 with strong price action test resistance in the $0.2995 region. YTD rose at 67%.
iExec RLC (RLC)
RLC opened 2022 at $2,957 and closed the year at $1,221, declining 59% over the period. Off to a solid start to the new year, RLC recorded a local high of $1,883 on January 15 before giving up most of its daily earnings. YTD increase was 32%.
Numeraire (NMR)
The fifth-ranked NMR opened 2022 at $31.49 and closed the year at $12.29, equating to a 61% loss over the period. The AI token registered $17.76 locally on Jan. 14, posting 31% gains on YTD.
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