• The AI narrative has grown stronger in recent weeks, but the AI crypto sector is still largely in its infancy.
• The top three AI tokens, Kambria, SingularityNET, and Graphling Protocol, grew 445%, 322%, and 290%, respectively, in the last 30 days.
• Most AI tokens are microcaps, making them high-risk investments with high reward potential.
The Artificial Intelligence (AI) sector has been gaining traction in recent weeks, and given the potential AI has to revolutionize multiple aspects of life, there’s a growing interest in crypto tokens related to AI. To get a better understanding of the AI crypto sector, let’s take a look at the performance of the top five AI tokens in 2022.
The top five AI tokens all experienced significant growth in the last 30 days, with Kambria, SingularityNET, and Graphling Protocol leading the pack at 445%, 322%, and 290% growth, respectively. While these tokens have seen impressive gains, they are still largely in their infancy, and their future performance is still uncertain.
In addition to these tokens, there are also many AI tokens that are microcaps, meaning they have a market cap of under $50 million. These tokens tend to be high-risk investments due to their lack of liquidity and their status as proof-of-concepts that may not reach mass adoption. However, the upside potential of these tokens is much higher than larger tokens, as capital inflows can generate more significant percentage gains on low market caps.
Overall, the AI sector has seen significant growth, but it is still in its early stages. As the sector continues to develop, more investors will likely become interested in the potential of AI-related tokens. For those looking to invest in the AI sector, it is important to do your own research and understand the risks and rewards associated with investing in microcap tokens.