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Cryptocurrency News Articles

New Cryptos Capture Market Attention with AI-Driven Platforms and Meme Coin Hybrids

Jan 11, 2025 at 11:30 am

Several new cryptos, including Large Language Model (LLM), Crypto Agent Trading (CATG), and Mements (MEMENTS), have captured significant attention this week.

New Cryptos Capture Market Attention with AI-Driven Platforms and Meme Coin Hybrids

Several new meme coins have entered the crypto market this week, each capitalizing on different trends within the space. These coins have quickly gained attention among traders, thanks to their themes, which range from artificial intelligence (AI)-driven platforms to meme coin hybrids.

Among the new meme coins, LLM has taken the lead with a market cap of $86 million. The coin, which is themed around AI models and is available on Raydium, has also seen high activity, with over 100,000 daily transactions and a trading volume of $71 million in the past 24 hours.

LLM's Relative Strength Index (RSI) is currently at 37.3, indicating that the coin is nearly reaching oversold conditions. Notably, when LLM's RSI reached a similar level yesterday, the coin experienced a rebound. If LLM can regain an uptrend, it could rise to retest its previous market cap levels of around $110 million.

Another new meme coin, CATG, combines the themes of AI cryptos and cat memes. Launched on Pumpfun, the Solana-based meme coin has rapidly gained attention.

Three days after its launch, CATG has amassed over 8,600 holders. The coin is also seeing strong activity, with a daily trading volume of approximately $7.9 million. Its current market cap stands at $16.7 million.

CATG's RSI is at 37, nearing oversold conditions. If the coin can recover an uptrend, it could spark a significant rally, potentially doubling its market cap to test levels around $35 million.

Finally, among the new cryptos capitalizing on the growing popularity of crypto AI agents is MEMENTS. The project, which aims to be a platform dedicated to launching AI agents, debuted just 2.5 days ago.

Since its launch, MEMENTS has shown strong activity, with nearly 17,000 daily transactions and almost 6,500 holders. Its current market cap stands at $6.7 million, and its RSI has recovered to 41.9 after dipping to 33.9 recently.

If MEMENTS can effectively tap into the hype surrounding crypto AI agents, its market cap could more than double, potentially reaching $15 million in the near term.

News source:beincrypto.com

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