The popularity of AI Meme Coin is the result of the current accumulation of market sentiment.
No one cares about AI Bot, but its market value exceeds 100 million and everyone knows about it.
That’s right, I’m talking about the Meme coin $GOAT that is generated by the AI Bot’s autonomous conversations.
This meme coin, which sounds like the word "goat", is called goatseus maximus. It was thought up by an AI bot called "Truth Terminal" (@truth_terminal) while talking to itself.
As of now, the market value of GOAT has reached 150 million US dollars. According to the price 4 days ago, it has increased by nearly 70 times, making it a big golden dog in recent times.
However, AI Bot's autonomous conversations and meme-sending, a new genre that seems to have no human intervention, is a bit sci-fi, and full of topics, may also be becoming a kind of "narrative correctness."
GOAT is not the best in history from the beginning
The hot spots in the meme market have always been the logic of "persuading people with price increases, and existence is reasonable".
If $GOAT succeeds, there will inevitably be a lot of people analyzing the rationality of AI Bot issuing coins; but don’t forget that the truth terminal behind GOAT was already talking to itself on Twitter three months ago about wanting to issue Meme coins
Why didn’t similar AGI (AI generated content) coins become as popular as this at that time?
Therefore, the popularity of GOAT may not be an isolated event. The development of the project itself and the current market environment have jointly led to the emergence of this hit.
From the perspective of the project’s own development:
@AndyAyrey, the developer of the AI Bot behind the GOAT coin, also responded to the popularity of GOAT on Twitter yesterday. One of his responses is worth mentioning:
Looking forward to the next Goat!
How can ordinary people seize the Meme track, which has a hundredfold opportunity?
Target selection: To determine whether a meme can become popular and go viral, we must first look at the spreadability of its culture, as well as the initial, core seed users, its early community culture, and its pictures and names must be impressive.
Community activity: An active community is the key to the success of Memecoin. Check the project's social media platforms, such as Twitter, Reddit, and Telegram, to see if there are multiple KOLs shouting orders, and whether the interaction of community members can cause FOMO emotions.
Project background: Research the team and developers behind the project and learn about their experience and background. An experienced and transparent team with a complete white paper and economic model is more likely to move the project forward.
Good narrative: Good narratives are inherently attractive. Breaking the rules and presenting information that goes against people's stereotypes can increase the intrinsic appeal of a meme.
Partners and supporters: Check if the project has well-known partners or supporters, such as public chains, cryptocurrency exchanges, investment funds, or industry influencers. The endorsement of these partners may increase the credibility and attractiveness of the project.
Data tracking: Use on-chain bots to monitor tokens with rapidly growing addresses and active trading volumes. Analyze on-chain data, monitor early addresses or addresses with the largest number of coins, and analyze their buying and selling behaviors. Once a large-scale sell-off is found in early addresses, sell or reduce appropriate positions.
Investment strategy:
Monitor rising memes: verify cultural attributes, must be interesting and easy to understand.
Research fundamentals: Mainly look at popularity, which is the first indicator of Meme survival.
Follow the smart money: Wallet tracking, standing on the shoulders of the big guys.
Risks and precautions:
Investing in meme coins is usually associated with a higher risk, so it is important to diversify your portfolio and not put all your funds into a single asset.
Only invest amounts you are willing to lose and be prepared to hold on for the long term.
Remember, the market is risky and investment should be cautious. In this Memecoin feast, I hope every participant can reap a lot!