Artificial Intelligence (AI) assets have embarked on a strong bull run as investors predict that the industry has more room to grow in the coming years. In the stock market, companies like Nvidia and Super Micro Computer (SMCI) have been some of the best performers in Wall Street. Nvidia’s market cap has surged to over $1.8 trillion recently.
In the crypto industry, many AI-focused crypto tokens have surged recently while Memeinator has raised millions of dollars. You can buy the MMTR token here.
AI cryptocurrencies jump
The same trend is happening in the crypto industry where popular AI-focused tokens have gone parabolic. SingularityNet’s AGIX token has risen to over $0.48, its highest point since March 25th. It has risen by more than 200% from its lowest level in November last year.
SingularityNET is a leading platforms that aims to provide a marketplace for AI solutions. Some of the top networks in its ecosystem are the likes of Awakening Health, Rejuve.ai, Cogito, and HyperCycle.
Meanwhile, Fetch.ai’s FET token has risen in the past three straight days and is now at its highest point since 2021. It has moved above key resistance point at $0.80, its previous highest point this year. The token has surged by over 1,470% from its lowest point in 2023, making it one of the top-performing coins in the industry.
The other top-performing tokens associated with AI are Ocean Protocol, IoTeX, and The Graph. Ocean Protocol and The Graph are not necessarily AI tokens but they help developers to handle big data in the industry.Â
The most likely reason for this performance is that investors believe that the AI industry is still in its infancy and has more room to grow in the long term. For example, Sam Altman, the head of OpenAi is raising $7 trillion to invest in the industry. OpenAI itself has seen its valuation jump to over $80 billion.
Memeinator is thriving
The rising demand for AI assets explains why Memeinator is thriving. Data shows that the developers have raised over $4.8 million in the past few months and are quickly approaching the important point of $5 million.
Memeinator is a cryptocurrency that aims to take advantage of the two important trends in the industry. It is taking advantage of the artificial intelligence industry, which we have discussed above.
Most importantly, Memeinator aims to leverage the popularity of meme coins, which have done well in the past few years. For example, coins like Bonk and Pepe have moved from nothing to becoming major players in the industry. Shiba Inu and Dogecoin are also big cryptocurrencies that are valued at billions of dollars.
Therefore, many Memeinator buyers do so hoping that the token will become as popular as these peers when it finally goes public. You can read its white paper here.
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