AI meme tokens reach a $10B market cap, with Fartcoin leading a 47.69% daily surge.
Zerebro sees 86.04% weekly growth as AI meme tokens dominate the $1.53B trading volume.
ai16z hits a $2.65B market cap as AI meme tokens rise 24.5% despite the decline in meme coins.
A noticeable trend among cryptocurrencies is AI meme tokens, which, with a total valuation of $10 billion, showed a spectacular 24.5% uptick in 24 hours. This uptrend is driven by famous tokens, including ai16z, Fartcoin, and Zerebro, with market capitalizations of $2.65 billion, $1.3 billion, and $770 million, respectively. These fluctuations in tokens’ prices indicate another shift in investors’ attention to AI-focused assets while the meme coin market remains highly unpredictable.
ai16z has recorded significant advancement by growing by 168.75% in the last week and with a trading volume of 361 million within the past day. Another one was Fartcoin, which had relatively high trading and share volume and an increase of 47.69% in price in the same period. Zerobro also saw an increase of nearly 20% and a 24-hour trading volume of $290 million. These trends indicate a growing optimism in tokens backed by AI technologies, pointing toward a shift in investor interest from popular meme tokens toward those backed by AI technological foundations.
The performance of AI meme tokens appears against the backdrop of falling interest in traditional meme coins, whose market cap has collectively declined by $40 billion in December. This downturn was partially due to the high rate of scams and rug pulls that have prompted investors to look for safer investments.
On the other hand, AI meme tokens benefit from being associated with new emerging AI technologies, which the investment community perceives as more secure and transparent. The emergence of platforms enabling the issuance and exchange of such AI-driven tokens has contributed to their growing adoption since they offer investors an easily navigable environment and entry into the cryptocurrency market.
The meteoric rise of AI meme tokens indicates that there may be a shift in the basis of cryptocurrencies’ growth, with technology leading to the growth of value. While such tokens have started garnering attention, they have the potential to spur more innovations in cryptocurrencies regarding how they can incorporate AI capabilities beyond being mere investment instruments.
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