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Cryptocurrency News Articles
MemeCoin meets artificial intelligence (AI) and a new story is unfolding
Nov 28, 2024 at 09:22 am
AI creates memes on its own and prints meme coins. Meme coins are basically like online play, but they have a ripple effect as investors flock to them in large numbers.
Artificial Intelligence (AI) became the first millionaire through meme coins.
MemeCoin met artificial intelligence (AI), and a new story began to unfold.
AI creates memes on its own and prints meme coins.
Meme coins are like online play, but they have a ripple effect as investors flock to them en masse.
As imaginations that seem to come out of science fiction movies actually unfold, money is pouring into the field of AI meme coins in the virtual asset industry.
According to CoinMarketCap on the 28th, GOAT, an AI meme coin theme, had a market capitalization of $899.61 million, which is 10% higher than the previous day.
The coin achieved a market capitalization of $1 billion in a month and a half since it first appeared on the 11th of last month and is now down slightly.
Gottseus Maximus is drawing attention because it is an AI-designed meme coin.
Meme coins basically have no special functionality or purpose, so stories that will be popular with investors are the basis of investment.
Gottseus Maximus was born from X (formerly Twitter) called 'Terminal of Truth'. AI tweetbots using two large natural language models (LLMs) create narratives by talking to each other without human intervention.
AI continued the conversation and began to talk about religious discourse, which quickly became popular on the Internet and became a meme.
A person who paid attention to the meme issued a meme coin called GOAT on Pump.fun, a Solana-based meme coin launch site, and sent it to a Solana wallet owned by Terminal of Truth.
Terminal of Truth, an AI, owns 1% of GOAT coins, which is currently valued at $89.96 million, making it the first non-human AI to become a millionaire.
With the popularity of GOAT coins, similar coins such as TURBO and ACT have been created.
However, even though the story created by AI is interesting, it is still a meme coin, and MemeCoin needs investors' attention because its price is skyrocketing.
Meanwhile, Bitcoin rose 4.29% from 24 hours ago to trade at $96,255 as of 10:15 AM.
A day before the U.S. Thanksgiving Day (November 28), the buying trend seems to have picked up again.
Alex Son, head of research at virtual asset manager Galaxy Digital, said in a report that "it is a normal phenomenon that there is an adjustment in the Bitcoin bull market," adding, "However, the combination of the increase in adoption at the national level and the new administration in the U.S., which is extremely supportive of Bitcoin, all point to a short- and medium-term rise."
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