Onchain AI (OCAI) is an emerging cryptocurrency token built on the Ethereum blockchain, designed to bridge the intersection of decentralized finance (DeFi) and artificial intelligence (AI). Since its launch in July 2023, OCAI has attracted attention for its niche positioning in the rapidly growing onchain AI ecosystem. This comprehensive overview explores the current price dynamics, market performance, technical indicators, and investor sentiment surrounding Onchain AI.
Current Price and Market Overview
As of the latest update, Onchain AI (OCAI) is trading at $0.00116**, reflecting a **-0.51% decline** over the past 24 hours. Despite this minor dip, the coin has shown resilience with a **+4.50% gain over the past week**, indicating potential short-term bullish momentum. The 24-hour trading volume stands at **$46,405, with approximately 39.99 million OCAI tokens exchanged across two active exchanges.
The coin opened the day at $0.00115**, briefly dipped to **$0.00108, and has since attempted a recovery. While it remains below recent highs from the past month and week (-14.70% and -3.93% respectively), it has rebounded significantly—up 18.88% from its 30-day low.
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Price Performance and Historical Data
52-Week and All-Time Price Ranges
Onchain AI has experienced significant volatility since its inception. Over the past year, its price has fluctuated between $0.000579** (52-week low) and **$0.00520 (52-week high). This represents a 797% increase from the bottom, though still far below its all-time high (ATH) of $0.0562, reached on December 9, 2023.
From its lowest point post-ATH, OCAI has recovered over 100%, suggesting strong support near the $0.000579 level. However, with a year-over-year performance showing a -55.63% drop against USD, long-term holders have faced substantial drawdowns.
Key Resistance Levels
Technical analysis suggests that if OCAI maintains support above $0.000579, it could target the following resistance levels:
- First resistance: $0.00252
- Second resistance: $0.00410
- Third resistance: $0.00591
Breaking through these levels would signal renewed bullish momentum and potentially attract greater market interest.
Market Capitalization and Supply Metrics
Onchain AI currently holds a market cap of $104.4 thousand, ranking it around #2235 among all cryptocurrencies. This places it in the lower tier by market capitalization, reflecting limited adoption and liquidity compared to major digital assets.
- Circulating supply: 90 million OCAI
- Total supply: 100 million OCAI
- Fully diluted valuation (FDV): $116 thousand
Despite being launched in 2023 alongside over 1,500 other tokens, OCAI’s trading volume remains below average—**$46K daily** compared to the category average of $3M for same-year launches—highlighting lower investor engagement or speculative activity.
Technical Analysis: Indicators and Moving Averages
Multiple technical indicators offer insights into OCAI’s current market condition:
| Indicator | Value | Signal |
|---|---|---|
| RSI (14) | 45.66 | Neutral |
| CCI (20) | 8.80 | Neutral |
| ADX (14) | 56.87 | Sell |
| Williams %R | -30.25 | Neutral |
While most oscillators remain in neutral territory, the Average Directional Index (ADX) suggests strong trend movement with a bearish bias.
Moving Averages: Mixed Signals
Short-to-medium term moving averages show predominantly buy signals:
- SMA (10), SMA (20), SMA (30), SMA (50), SMA (100), SMA (200): All indicate Buy
- EMA (10), EMA (20), EMA (30), EMA (50): All show Buy
However, longer-term EMAs present caution:
- EMA (100): Sell
- EMA (200): Sell
This divergence suggests short-term upside potential but persistent bearish pressure in the broader trend.
Wealth Distribution and Holder Insights
A critical factor in assessing any cryptocurrency's decentralization and risk profile is its wealth distribution:
| Holder Tier | Holdings | Percentage |
|---|---|---|
| Top 1–10 addresses | 60,577,144 OCAI | 60.58% |
| Addresses 11–100 | 17,461,156 OCAI | 17.46% |
| Addresses 101–1,000 | 20,105,674 OCAI | 20.11% |
| Others | 1,856,026 OCAI | 1.86% |
The concentration of over 60% of supply in the top 10 wallets raises concerns about centralization and potential price manipulation. Some of these may be exchange-held reserves, but such high concentration typically increases volatility risk.
Additionally:
- Total holders: ~2,171
- Token transfers recorded: 34,497
- Average daily transactions (last 30 days): ~2.57
Low transaction frequency and holder count suggest limited real-world usage or community engagement at this stage.
ROI and Volatility Profile
Investors should consider both return potential and risk exposure:
| Metric | Value |
|---|---|
| 3-Month ROI | +24.10% |
| 6-Month ROI | -49.51% |
| 12-Month ROI | -56.54% |
| 3-Month Volatility | 66.52% |
| 6-Month Volatility | 86.27% |
| 12-Month Volatility | 127.49% |
| Max Drawdown | -99.11% |
| Winning Days | 46.4% |
While there’s been a recent uptick in performance (+24.1% over three months), the overall trend remains negative over six and twelve months. With volatility exceeding 127% annually, OCAI qualifies as a high-risk asset suitable only for speculative portfolios.
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Frequently Asked Questions
Q: What is Onchain AI (OCAI)?
A: Onchain AI is an Ethereum-based cryptocurrency token launched in July 2023, aiming to integrate artificial intelligence with blockchain technology.
Q: Where can I buy OCAI?
A: OCAI is listed on two exchanges and trades under the symbol OCAI across cryptocurrency markets.
Q: What was the highest price of OCAI?
A: The all-time high was $0.0562, recorded on December 9, 2023.
Q: What was the lowest price after the ATH?
A: The price dropped to a low of $0.000579, from which it has since recovered over 100%.
Q: How many OCAI coins are in circulation?
A: There are currently 90 million OCAI tokens in circulation out of a total supply of 100 million.
Q: Is Onchain AI a good investment?
A: Given its high volatility, low trading volume, and concentrated ownership, OCAI carries substantial risk. It may appeal to speculative traders but lacks fundamentals for conservative investors.
Final Thoughts
Onchain AI (OCAI) represents a small-cap project at the intersection of AI and blockchain innovation. While its concept aligns with growing interest in onchain intelligence solutions, current metrics—such as low liquidity, centralized holdings, and inconsistent volume—suggest caution.
For traders monitoring early-stage AI tokens, OCAI offers high-risk/high-reward exposure with notable upside potential if market conditions improve or adoption grows. However, long-term viability depends on increased decentralization, utility development, and broader exchange listings.
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