AI Tokens Show Signs of Outperforming Meme Coins – what should we await?
The market capitalization of AI-related projects is showing a resurgence in October. While meme coins remain popular, data suggests that AI tokens could attract significant investment in the final months of the year.
It’s not just individual investors but also investment funds showing interest in early-stage AI projects.
According to a recent report from CoinGecko, traffic to AI projects on the platform accounts for 9.66% of the total. With over 20 million monthly visits, this translates to roughly 2 million views for AI projects each month.
Despite this, interest in AI tokens still trails behind meme coins and Solana meme coins. However, October data from Artemis indicates that AI tokens have delivered superior price performance over the past 30 days.
The AI coins portfolio tracked by Artemis has surged by 53.7%, three times the average increase across other sectors.
CoinMarketCap data shows AI coins’ market capitalization has more than doubled, rising from $18 billion in August to over $37 billion in October.
Additionally, daily trading volumes for AI coins have consistently remained above $2 billion throughout October, double the average of the previous two months. These figures reflect a growing demand among investors for AI tokens.
One key difference between AI coins and Meme coins is the level of interest from venture capital (VC) firms.
Recently, VanEck, a New York-based investment management firm, launched VanEck Ventures, which focuses on cryptocurrencies and AI.
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