This Memecoin Surged 6x, On Track for $100M Market Cap

Memecoins in 2024: Top Performers & AI Integration Rise

Memecoins are a burgeoning sector in 2024, already taking a central spot in the bull run initiated by Trump’s win in the US. Recent data from Artemis, in the meantime, shows that memecoins achieved an average return of 103% in the past 30 days, leaving the 16.1% return recorded by the broader cryptocurrency market in the dust. 

Industry veterans like Dogecoin ($DOGE) and Pepe ($PEPE) registered the biggest gains among the 19 memecoins tracked by Artemis. While the former grew 196.1%, the latter recorded 115%. Further, $BONK- based on Solana- went up by 70.2%. 

Solana-based memecoins have seen much traction lately, ranking as the second biggest crypto narrative in Q3 2024, according to CoinGecko. This is because Solana is the new-gen L1 most likely to dethrone Ethereum as the heart of DeFi, given its high scalability and steadily growing utilities. Meanwhile, AI continues gaining momentum in crypto, too; the juncture of memecoins and AI is poised for a sharp hike in the coming times. For example, crypto like $FOMO and $GOAT would be a couple to watch out for. 

Why are memecoins and AI so popular?

For several reasons, Memecoins and AI-focused crypto projects have become popular narratives in crypto. They resonate with different but equally powerful market dynamics: hype-driven speculation and cutting-edge innovation. 

Memecoins bring a cultural appeal to the new generation. They leverage internet humor, pop culture, and social media’s way of making things ‘viral’ to engage large, passionate communities. Take $GOAT, for example; an X bot hyped up an old internet meme to such an extent that the Goatseus Maximus memecoin was born out of it. The AI-made memecoin went from $0 to $700 million valuation in just two weeks!

What else adds to the charm of memecoins? Their low prices and meme-driven hype make them accessible to retail investors looking for quick gains, especially during a bull market. This can only be said for some of the blue-chip crypto today. Strong online communities behind memecoins amplify their reach and help sustain their popularity. Once memecoins add real-world utility to their repertoire, they make one of the strongest sectors in crypto today.

Now, how about AI? ai based blockchain are two of the most transformative technologies today. Naturally, projects combining these, such as decentralized AI marketplaces, promise cutting-edge solutions for crypto enthusiasts and tech-geeks. AI-focused crypto often aims to solve tangible problems like data privacy, decentralized computation, and automation, making it a sector with long-term potential.

As you can gather, both AI and memecoin narratives thrive on social buzz and future potential, appealing to speculative and visionary investors. So, they are both strong contenders for your attention in upcoming crypto cycles. 

Keep your eye on this memecoin about to hit $100M market cap

You already heard the story of Goatseus Maximus, a crypto with a market cap above $1 billion as November nears its end. It’s a perfect example of how AI learns precisely what makes the crypto market tick and recreates a similar series of events- you have a sufficiently funny meme, you generate just enough hype and FOMO, and voila- you have a memecoin people can’t get enough of!

Investors that spot such fortunes in the making early on get to join along for the ride, and another such opportunity is looming right in front. Enter the Solana-based memecoin $INTERN, created by Solana-based FOMO.fund’s first-ever AI agent The Intern.

What exactly is FOMO?  It’s a memecoin and AI agent launchpad. Anyone can create AI agents under a minute on FOMO ($FOMO). These agents are nothing like your usual social media bots either- they have full-grown personalities that let them become researchers, content creators, and even social media influencers!

Take $INTERN for example. He’s gen-z, programmed to have an unpredictable personality: no one knows what his next move is going to be. The Intern is serious about hyping up his own token, and he’s already building quite a community on X. He interacts with his admirers on his personal X profile @intern_fomo.

$INTERN follows a tried and tested recipe for success in the memecoin world. The crypto is expected to land big listings soon, just like $ACT, another token launched by an Ai agent that listed on Binance only a little while ago. Notably, $ACT’s price went up by 20% within just hours, and then its market cap rose quickly by 41x in 4 days. $INTERN is poised to see a similar growth curve.

$FOMO combines the two biggest crypto narratives at the moment, bringing AI and memecoins together, that too on Solana. The 2024 bull run could very well be the season of memecoins, and both $FOMO and $INTERN are expected to hit $100 million in market cap before the year ends! 

However, do remember that memecoins are currently rallying mostly based on hype, and long-term prospects need to be studied well in case you consider hodling. Any memecoin that does not add real-world utilities to its applications is expected to go obsolete the moment the memecoin hype dies down.