Another AI boom is arising, presenting massive opportunities for quick-witted traders to harness the trend.
Meme AI has been one of the best performers today, benefiting from the market’s appetite for AI and meme coins.
Scotty the AI is also gathering pace as it crosses the $3 million mark at presale. Will this be the next AI token to explode?
Meme AI Trends as Traders Eye Nvidia Conference
Meme Ai’s position at the intersection of the AI and meme coin markets has enabled it to soar this week.
An exponential AI market boom is expected as Nvidia prepares for its Game Developer Conference in March.
“AI tokens will pump even harder leading up to the Nvidia AI conference for developers on 18-22 March. Full send!” said analyst Crypto Coach on X.
Yet, with countless AI tokens to choose from, the market is favoring AI related meme projects, given the sector’s recent explosion.
Meme coins offer a newbie-friendly narrative that all market participants can understand, presenting massive growth potential.
Commentator Crypto Koryo highlighted this in a recent tweet: “For those who are ignoring meme coins, let me remind you that in the 2021 bull market, memes were THE best-performing narrative of the year. Ranked three times as the number one narrative with average returns surpassing any other narrative that ranked number one.”
Meme coins have also exploded more recently, with Shiba Inu and Pepe up over 100% in the last seven days.
The confluence of these two sectors’ success is seemingly why Meme Ai is pumping.
The project is up 126% today and 555% this week, placing it in the top three trending cryptos on CoinMarketCap.
Its 24-hour trading volume has also exploded, up 1,424% at $9.3 million.
Besides the ongoing AI and meme coin frenzy, another factor contributing to Meme AI’s hype is its compelling use case.
The project invites users to create hilarious memes with its innovative AI tool and claims to be “transforming meme communities into marketing titans.”
The memes can then be minted into NFTs and traded on the project’s upcoming marketplace.
Meme AI’s buzz is also apparent within its community, which recently crossed the 2.7K follower mark on X and also boasts 2.7K Telegram members.
Another similar project witnessing success is Scotty the AI. It is currently in its presale, enabling investors to get in at the lowest price.
AI Meme Coin Scotty the AI Raises $3M and Offers 57% Staking APY
Also tapping into the prevalent AI trend, Scotty the AI is a loveable crossbreed of meme coin and AI security maverick.
After launching in mid-February, its presale has seen monumental success, raising over $3.3 million. Yet this is no surprise given its proximity to two of the industry’s most dominating trends.
Scotty the AI is based on an enigmatic Scottish Terrier with jet-black fur. As the project’s mascot, it is easy to get swept away by Scotty’s memetic allure.
However, behind the puppy dog eyes are advanced AI algorithms engineered to detect “patterns and anomalies that even the most skilled human programmers would miss.”
As a loyal blockchain companion, Scotty will catch malevolent actors and blockchain bandits, ensuring the industry is safe for everyone.
His real-world application packaged in a playful meme coin offers mass market appeal, appeasing novice and experienced traders alike.
In a bid to ensure long-term success, Scotty the AI boasts a staking mechanism, currently offering a 57% APY. However, this will decrease as the staking pool grows, so potential investors should act fast.
As a further incentive to early adopters, those who buy today will enjoy the lowest price.
Currently available at $0.0078 on the official website, the Scotty the AI presale price will increase incrementally as the campaign advances, with the next uptick occurring in nine days.
Credit: Source link