As a seasoned researcher with over a decade of experience in the dynamic world of cryptocurrencies and artificial intelligence, I find myself continually fascinated by the ever-evolving landscape of this industry. Today, September 20, 2024, marks another intriguing chapter in that story as AI meme cryptocurrencies take center stage, outperforming their traditional counterparts.
Today, the sector of cryptocurrencies based on AI memes, or meme coins that incorporate AI narratives in diverse ways, is soaring high, even though other altcoins are showing lackluster performance. Leading this surge is Turbo (TURBO), claimed to be the first-ever meme coin created using artificial intelligence.
Elon Musk-inspired GROK adds 14%: AI meme frenzy
On September 20, 2024, AI-themed meme cryptocurrencies are leading the pack in the crypto market, as per data from CoinGecko. In a day’s time, these coins have seen an increase of nearly $100 million in their market capitalization.
As a crypto investor, I’ve noticed an exciting development with Turbo (TURBO) – it’s one of the top performers among the top 200 cryptocurrencies, recording a remarkable surge of over 18% in just 24 hours. This growth spurt is attributed to two key factors: firstly, the listing on KuCoin Convert, and secondly, the initiation of leveraged trading on Base’s Wasabi Protocol, which appears to have attracted substantial liquidity inflows towards TURBO.
The digital currency called GROK, which draws inspiration from the Elon Musk-endorsed AI system Grok AI, is aiming for record monthly highs, having increased its capitalization by a significant 17.3%. Notably, GROK’s trading activity has surged to approximately 25% of its total fully diluted market value.
Today, Corgi AI (CORGI), the unique meme coin combining elements of dog-coins and artificial intelligence cryptocurrency, is experiencing growth once more. A 5% surge has it aiming to reclaim a spot in the top 200 rankings yet again.
For the very first time last week, the combined value of all AI-themed cryptocurrencies surpassed a staggering $800 million in total.
AI cryptocurrencies FET, AGIX also outperforming average
The segment of “serious” AI cryptocurrencies is also surging, but in a much slower manner. Artificial Superintelligence Alliance (FET) is back into the top 30 coins by market cap with 1.7% gains.
In a decrease of trading activity, Cardano-associated SingularityNET (AGIX) increased by 2.6%. Among the top 1,000 AI cryptos, Autonolas (OLAS) is the sole one that saw double-digit growth.
Overnight, OLAS experienced a surge of 33%, fueled by the news of their participation in the Ethereum Singapore conference. This jump took it to its peak levels since the month of July 2024.
Today, the cryptocurrency market has seen a rise of approximately 1.6%. Notably, Bitcoin (BTC), the leading digital currency, has increased by 1.3%. Currently, it’s being traded at around $63,400 on prominent exchange platforms.
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2024-09-20 17:27