AI memecoins have hit yet another milestone amid a rise in market hype and a FOMO buying spree. On January 2nd, the entire market value of AI meme tokens surpassed $10 billion, with a 24-hour growth of 26.4% and a 24-hour trading volume of $2.46 billion, according to CoinGecko.
Out of all the AI driven memecoins, Fartcoin and Zerebro came in second and third place, respectively, with market values of $1.3 billion and $770 million, while Ai16z came in first place with a market value of $2.659 billion.
Ai16z Leads Market With Over 16% Rise
Out of all the AI memecoins out there, Ai16z had the best trajectory as compared to others. As UnoCrypto reported earlier, Ai16z ($AI16Z) is leading the market with a market capitalization of $2.53 billion and a trading volume of $405.7 million, a 19.44% increase in just one day and an outstanding 175.68% weekly gain.
With comparable momentum, Zerebro (ZEREBRO) is up 24.24% per day and 110.80% per week, closing at $0.7359 with a market valuation of $742.1 million.
Lastly, being neck to neck with others, Fatcoin is trading at $1.33, up over 33.04% as compared to the same time last day. The market cap for the token stands at $1.34 billion.
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AI Memecoins Gain Market Momentum: What is Behind the Hype?
AI coins have seen a skyrocketing demand in the market, making investors jump on the bandwagon in an attempt to make profits out of the hype and under a lot of FOMO.
Because of the hype generated by tokens like Goatseus Maximus (GOAT), AI memecoins are becoming more and more popular as a new trend in the cryptocurrency market.
Crypto fans are interested in these meme tokens because they combine internet culture with artificial intelligence. The trend is gaining popularity as a momentum-driven trading opportunity in addition to its novelty.
Cryptocurrencies known as AI memecoins combine meme culture with cutting-edge AI-driven interaction to produce interactive digital assets and viral stories.
AI based memecoins are more dynamic than traditional assets because they provide an interactive experience, with AI bots reacting to user inputs in real time. Analysts advise caution because of the unknown lifespan of these coins during market volatility, even as investors are drawn to the combination of AI storytelling and social media excitement.
The capacity of AI memecoins to continuously produce content using machine learning models is one of its distinguishing features. For example, Truth Terminal participates in online culture to market tokens and cultivate a cult-like following. This sets AI-driven tokens apart from conventional memecoins, which frequently depend more on community-based initiatives with less AI involvement.