As a researcher with a background in cryptocurrencies and AI, I find the recent surge of AI meme coins fascinating. In just seven days, this controversial segment has doubled in value, outperforming the overall crypto market. The last 24 hours saw over 15% growth for the entire category, making it the best-performing segment in crypto.
Artificial intelligence-infused meme cryptocurrencies have shown exceptional gains within the past 24 hours. In contrast to the sluggish trends in the broader crypto sector, AI meme tokens and LRTFi/LSDFi categories are leading the charge with impressive returns.
AI meme coins rallying: Best performing segment in crypto adds 100% in seven days
Over the past day, the AI meme crypto category experienced a significant surge, adding more than 15% to its value. Consequently, this contentious sector, which combines the hype of two most buzzed-about narratives from 2023-2024, has now doubled in value within a single week.
As a researcher examining the dynamic cryptocurrency market, I’ve noticed two notable members of the AI meme group making impressive strides: Turbo (TURBO) and Corgi AI (CORGIAI). In just the past 24 hours, Turbo experienced a significant surge, adding 32.5% to its value. Similarly, Corgi AI saw an equally remarkable gain of 29.6%, bringing its market capitalization to a substantial $750 million.
The meme coin, Grok (GROK), which is backed by the community of Grok AI enthusiasts, has experienced a growth of 6%. For the first time ever, this digital asset aims to reach a nine-figure valuation.
Previously reported by U.Today, Grok is an artificially intelligent chatbot designed for Elon Musk’s social media platform X, formerly known as Twitter. Since its inception, this innovative project has piqued interest within the international cryptocurrency scene.
As a crypto investor, I’ve noticed some traders are excited about the potential use of Grok in discovering trending coins for short-term gains. However, it’s important to be cautious as analysts have raised concerns. They believe that implementing Grok could potentially intensify issues related to bots on the exchange X.
Liquid staking and restaking narratives gained traction
In addition to meme coins based on artificial intelligence, the coins native to decentralized perpetuals trading platforms and assets tied to staking sectors exhibit exceptional performance.
As a researcher studying the cryptocurrency market, I’ve noticed a significant surge in interest for liquid staking tokens today. One noteworthy example is Pendle (PENDLE), which has seen nearly a 6% price increase and reached a valuation of over $1 billion. With this growth, PENDLE has entered the elite ranks of the top 100 cryptocurrencies by market capitalization.
In the less risky area of liquid staking, both the Redacted (BTRFLY) and Origin Ether (OETH) methods have shown significant returns.
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2024-05-25 20:22