AI Meme Coin Market Cap Hits $1.9 Billion, GOAT and TURBO in Limelight

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As a seasoned crypto investor with over two decades of experience under my belt, I can confidently say that the recent surge in AI meme coins has caught my attention like nothing else before. The meteoric rise of tokens such as GOAT and TURBO, fueled by the combined interest of the crypto community in artificial intelligence and memes, has been nothing short of extraordinary.

Over the last several months, there’s been growing interest in AI-related solutions, and as a result, meme coins focused on artificial intelligence have gained attention. Lately, the total value of these AI meme coins has skyrocketed to approximately $1.9 billion. Notably, Goatseus Maximus (GOAT) and Turbo (TURBO) have been leading the charge in this recent surge.

According to recent figures from CoinGecko, the market value of AI meme coins has skyrocketed to a staggering $1.9 billion, and their daily trading volume surpassed half a billion dollars. Notably, 60% of this massive trading volume, approximately $360 million, comes from just two tokens, GOAT and TURBO. On the other hand, most other AI meme coin tokens have relatively low liquidity, with their daily trading volumes being under $1 million each.

It’s well-known that the ChatGPT platform from OpenAI has recently introduced a new cryptocurrency called TURBO, while the ‘Terminal of Truths’ account has been actively supporting GOAT. This shared enthusiasm within the crypto community for both AI-related projects and meme coins appears to have significantly driven up the prices of these tokens in recent times.

As per Kaito’s data, nearly two-thirds (around 60%) of the discussions within online communities last month revolved around Artificial Intelligence and meme coins. This observation was made by investor Miles Deutscher who commented, “I’ve never witnessed such a significant focus on AI before.

GOAT Meme Coin Surges 50% Hitting New All-Time High

In the midst of debates about the ‘Terminal of Truths’ account and its allegations of errors in the AI system, the price of the GOAT meme coin plummeted by 50% last week. But as more explanations were provided, it has started to recover. Currently, at the time of this report, the GOAT token is up 50% and hitting a new record high of $0.67, with a market capitalization of $668 million.

Simultaneously, venture capitalist Marc Andreessen from Andreessen Horowitz published an interview discussing meme coins and artificial intelligence. Furthermore, he contributed $50,000 to the ‘Truth Terminal’ fund.

“I think there’s something serious going on; this is maybe the first example of a convergence point between AI and crypto,” Andreessen remarked.

According to K33 Research’s recent findings, there’s been a significant increase in the usage of AI-based meme coins over the last fortnight. In fact, various tokens have now reached a market value of more than $100 million. Interestingly, while Truth Terminal wasn’t the originator of the token GOAT, it did publicize it on platform X. This endorsement has sparked a fresh discussion revolving around AI meme coins, emphasizing the role of AI agents in shaping crypto economies and launching novel tokens.

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2024-10-23 15:48