We recently compiled a list of the 10 Worst Performing Altcoins in 2025. In this article, we are going to take a look at where Artificial Superintelligence Alliance (FET) stands against the other altcoins.
The broader cryptocurrency market faces near-term downside risks. Those are sentiments echoed by analysts at JPMorgan amid growing concerns that weakening demand and slowing momentum will trigger a significant pullback. The sentiments come on the heels of flagship cryptocurrency Bitcoin, pulling back by about 10% from all-time highs.
After reaching record highs of $3.72 trillion in market cap late last year, the broader cryptocurrency market has pulled back by about 15%. According to JPMorgan analysts, the pullback signals a significant decline in investor confidence.
“The correction over the past couple of months saw both bitcoin and ethereum futures approaching backwardation. This is a negative development and indicative of demand weakness by those institutional investors that use regulated CME futures contracts to gain exposure into these two cryptocurrencies,” JPMorgan wrote in a research note.
One of the reasons fueling the weakening demand in the crypto market is the lack of short-term catalysts needed to push prices higher. JPMorgan, in a research note to investors, notes that institutional investors have been taking profits in the aftermath of cryptocurrencies rallying to record highs following the reelection of Donald Trump as the US president.
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While there are growing expectations that the new US administration will pass positive regulations that foster the nascent industry’s growth, most are only expected in the second half of the year.
“As we argued in our recent publication, crypto initiatives by the new US administration are more likely to take place in the second half of the year. Until then, weakening demand poses downside risk to crypto markets,” stated JPMorgan.
According to JPMorgan analysts, the lack of fresh catalysts in the short term could trigger further downside pressure in the crypto markets. After Federal Reserve Chair Jerome Powell issued an inflation warning on December 18, the post-election cryptocurrency rally faded into the end of 2024. Bitcoin saw even more severe losses as investors dumped growth-oriented risk assets due to a spike in bond yields.
Stock market strategist and head of research at Fundstrat Global Advisors Tom Lee believes Bitcoin will be one of the best-performing asset classes in 2025 despite the recent deep pullback.
“But I think that there is still an argument that in the short term bitcoin is a risk-on asset so as the market liquidates, which happened over the weekend, bitcoin takes a hit so I’d say February is not looking great for bitcoin in the near term ” Lee said
Lee believes Bitcoin could drop to $70,000 before rebounding. Current levels are “probably not the floor for this month so it could visit much lower levels, even 70, but of course that’ll end up being a buying opportunity,” said Lee.
Our Methodology
To make the 10 worst performing Altcoins in 2015, we scanned the cryptocurrency market, focusing on the top 100 alternative coins by market cap. We then trimmed the list and focused on the top ten coins that have shed significant market value year to date. Finally, we ranked them in ascending order based on the percentage loss that the alternative coins have incurred year to date.
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A cryptocurrency wallet on a modern touchscreen device displaying a graph of the company’s assets.
Artificial Superintelligence Alliance (FET)
Market Cap as of February 21 2025: $1.88 Billion
Year to Date Drop: 33.67%
The Artificial Superintelligence Alliance (FET) is a blockchain project that seeks to create a decentralized AI research ecosystem focused on accelerating the development of Artificial General Intelligence (AGI). It functions as a platform to promote decentralized AI research through a unified token system. Consequently, it allows users to access various AI services within the ecosystem. Its native token, FET, has seen a significant drop of 33.67%.
Over the past two months, the underperformance has significantly caused whale activity in the token to decline. Whales between 10,000,000 and 100,000,000 FET have offloaded over $25 million worth of tokens. The waning whale activity is the catalyst behind the token’s sell-off in the market as it raises serious concerns about its long-term exits amid the significant outflows.
Overall FET ranks 3rd on our list of the worst performing altcoins in 2025. While we acknowledge the potential of FET as an investment, our conviction lies in the belief that AI stocks hold greater promise for delivering higher returns and doing so within a shorter timeframe. If you are looking for an AI stock that is more promising than FET but that trades at less than 5 times its earnings, check out our report about the cheapest AI stock.
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Disclosure: None. This article is originally published at Insider Monkey.