As NVIDIA's stock price soared, some AI-related tokens also rose. The total valuation of the top 10 exceeded $30 billion, not counting the small-cap and fully diluted valuations. I personally feel that this may be a test of the waters in the field of cryptocurrency and AI to test the bottom of the market. Maybe by 2025, it will be a real carnival, rocket-like growth!
AI Meme coin has unlimited potential. Now its total market value is about the same as Ethereum Classic. But don't underestimate it, it can attract capital from AI technology coins, static Meme coins, and venture capital tokens through "blood-sucking attacks".
During the DeFi Summer, GOAT soared from $0 to $1 billion. This surge caused all the capital on the chain to flock to DeFi. Everyone believed that a fair-start DeFi token could start from 0 and rush to $1 billion.
Now GOAT is quite similar to GOAT and YFI at that time. The total market value of AI Meme coin is less than $5 billion, which is obviously still in a very early stage.
DeFi was popular at that time, firstly because it was novel and attractive, and secondly because the interest rate was 0, and everyone wanted to find something new to do. The narrative of DeFi was to attract capital from traditional finance through "blood-sucking attacks" and become the financial system of the future. This wave of operations directly triggered a speculative boom on the chain, and the total value of DeFi application lock-up and the number of users skyrocketed, and the ecosystem was also tested in practice.
The current cycle of AI Meme coins is quite similar to the cycle of DeFi at that time. In the crypto field, everyone is talking about the super cycle of Meme coins, and AI technology is also growing continuously in the stock market. The combination of these two is simply a perfect match for the bull market.
In the crypto field, those fields that can inspire people's infinite imagination often have great opportunities. As the reflexivity theory says, investors' decisions are not based on reality, but on their perception of reality. This perception will in turn change reality and further affect market prices.
It fits the current trend. The combination of worship culture, Meme coins and AI super cycles, as well as anti-VC sentiment, is simply perfect.