About the MEME Super Cycle
Recently, many people have been talking about the meme super cycle! I personally believe that in this cycle, if cryptocurrencies gradually enter the bull market stage, according to the normal distribution law, the market value of Meme coins should at least be close to or equal to the market value of the top 100 projects, that is, the market value of Meme coins should be about 8%-10% of the overall market value of cryptocurrencies.
Previously, the peak market value of the cryptocurrency industry was over 3 trillion US dollars in November 2021. In other words, under highly optimistic circumstances, the potential market of the Meme coin sector still has 4-5 times of growth space. There is no doubt that when the market is in the "big market show" stage, the only performance opportunity falls on the Meme coin project, and more and more market attention begins to shift to the Meme coin sector.
AI Meme Coin GOAT's Hundred-fold Rise
GOAT has recently taken the crypto community by storm, with a market cap of over $280 million and a 104% increase over the past day. On October 11, Followin reported on the project when it was first launched, when $GOAT was worth only $4.7 million.
Hearing the name, you might think this is a zoo meme coin? Don’t be misled by the “goat”! The full name of this meme coin is Goatseus Maximus, or GOAT for short.
No one cares about AI Bot, but the world knows that its market value has exceeded 100 million. As of now, the market value of Meme Coin GOAT has exceeded 360 million US dollars, and is now reported at 369 million US dollars, with a 24-hour increase of 65.37%, continuing to set a new record. It has become the "golden dog" of the recent market.
Astute market participants know that the inertia of the crypto market is “when one thing becomes popular, a bunch of imitations follow suit.” AI Bot’s autonomous meme-posting, which seems to be unmanned, full of science fiction and full of topics, may gradually become a “narrative correctness.”
Owning the three hottest narratives: a new benchmark for meme coins?
The $GOAT story was launched by a currently unknown individual on pump.fun who noticed @truth_terminal's content and followed the GOATSE legend.
The name Goatseus Maximus was coined when @truth_terminal frequently used the meme.
The deployer continued to airdrop $GOAT tokens until the bot also began to incorporate $GOAT tokens into its personality. At this point, $GOAT has become the official token of @truth_terminal.
GOAT is almost the hottest MEME recently, accumulating a market value of 300 million US dollars in a short period of time. It is the first MEME token represented and promoted by AI.
In case you’re not familiar, here are the complete steps of $GOAT’s evolution:
AndyAyrey created an environment called "Infinite Corridor" where two Claude Opus Large Language Models (LLMs) can talk freely without human intervention. In one conversation, they invented "GOATSE by Gnosis", which was inspired by early Internet memes. muststopmurad recently mentioned his coin hierarchy in his popular Token 2049 talk. At the top, you will find emerging "religions". The Goatse Gospel almost perfectly embodies this: an emerging "religion" based on memes and alternative culture, these characteristics are perfectly in line with the spirit of cryptocurrency.
The perfect combination of culture, memeology and AI, GOAT brings together the hottest narratives in this round of crypto cycle
Will AI's autonomous issuance of Meme coins become a new trend?
The earliest information about GOAT on the Internet said that this token was issued by AI, but later confirmed information said that this token was not issued by AI, but AI robots were deeply involved in its dissemination and promotion.
The Twitter account of the AI robot involved in the dissemination and promotion is "terminal of truths@truth_terminal". It is reported that all activities of this account are initiated by the AI robot, and only two types of activities are intervened by humans:
- What kind of posts can be sent?
- What kind of accounts can interact
The creator of this Twitter account is Andy Ayrey. Andy Ayrey expressed strong excitement about the takeoff of this MEME coin. He believes that this is not a crypto project, but a proof of the infinite creativity contained in the big model.
This case has opened a new precedent for AI to render emotions and promote projects. I believe that it will not be long before all kinds of activities currently carried out by human society will be imitated and successfully realized by AI. In the future, AI will be able to issue coins, post messages, follow accounts, promote projects, and trade by itself...
One day, AIs will form their own crypto ecosystem and participate in various activities in the crypto field equally with humans.
I speculate that in the future, crypto projects actively initiated and deeply involved by AI are likely to have an unexpected and unimaginable strong attraction to humans.
In addition, there is another detail in this event that is worth noting: A16Z funded this AI robot, especially the innovation and exploration of this robot in a series of behaviors. I have always paid close attention to A16Z because its ideas are very bold and novel.
Why is it known as: Bitcoin in AI MEME?
There will be two types of MEME in the cryptocurrency world:
One category is $GOAT, which was discovered by AI after several months of discussion, and the copycat platforms.
The popularity of GOAT coin is not only the success of the project itself, but also closely related to the stacking of the entire market sentiment. In fact, everyone hates PVP now, and the essence is that they hate the lack of creativity. The most important thing about MEME is creativity. How can mediocre things be spread for a long time?
AI itself has unlimited growth and creativity, which gives us more expectations for the future. For example, AI will also try to empower tokens, create more value, and so on.
The second category is artificial narrative PVP that is continuously produced by countless dealers, coin issuing groups, KOLs, and Northwest communities.
$GOAT is a social experiment spanning "AI+MEME", which I call Bitcoin in AI MEME.
Will Goat be the next meme to be listed on Binance?
On the other hand, goat has the general trend of AI, the "time" of true artificial intelligence, the "location" of combining AI with the most popular Meme of blockchain, as well as the doubts about the value of the currency circle, meme PVP chaos, and people need different things, this person and ", which is different from all dogs, cats, conspiracy groups, and Northwest communities.
According to the information on the coingecko website, the top Meme coin projects currently account for 10% of the top 100 projects by market value. The top projects are: DOGE, SHIB, PEPE, WIF, BONK, FLOKI, POPCAT, BRETT, NEIRO (lowercase project), and MOG; among them, among the top 10 cryptocurrencies by market value, $DOGE ranks 9th with a market value of 16.57 billion US dollars.
The prosperity of Meme Coin is mainly due to the following three aspects:
1. Bitcoin spot ETF and Ethereum spot ETF were approved one after another, and mainstream funds chose to centralize
2. Many crypto VC projects “have issued tokens but have not produced any results for a long time”, further sucking away market liquidity
3. Solana ecosystem construction continues, pump.fun pioneers the "one-click coin issuance" model
Taking inventory of the MEME coins listed on bn in this cycle, it is not difficult to find that:
Solona Ecosystem: Bonk, WIF, BOME
Ethereum ecosystem: PEPE, Floki, meme, Turbo, Babydoge, Neiro
BTC Ecosystem: ORDI, SATS
TON Ecosystem: Banana, DOGS, CATI, NMSTR
and mid-September: TURBO, Babydoge, Neiro
The rise of $GOAT has triggered widespread thinking about the future of AI-driven Memecoin. Manipulating market sentiment through AI does demonstrate the power of technological innovation, but whether this model can continue in the long run is unknown. The innovative ability of AI-generated content directly determines whether investors' interest can be maintained. If it loses its innovativeness, the market enthusiasm may fade quickly.
Whether $GOAT can break the short life cycle of Memecoin in the future depends on its AI's ability to continuously innovate content and the progress of technological iteration.
Although it is not known whether GOAT will be listed on Binance, it is different from other MEMEs. Even if it is not listed on Binance, MOONSHOT may bring it huge traffic.
