AI Memecoins 的崛起：具有 100 倍成長潛力的人工智慧新類別

截至2024 年第一季度，排名前10 的「AI Tech」代幣的總流通市值為309 億美元。美元。

The emergence of artificial intelligence (AI) technology has sparked a surge in interest within the cryptocurrency realm. This convergence has given rise to a unique class of digital assets, aptly termed "AI Tech Tokens." These tokens embody the essence of AI technology, offering a diverse range of applications. From enhancing blockchain efficiency to powering decentralized autonomous organizations (DAOs), these tokens are poised to revolutionize the crypto landscape.

人工智慧（AI）技術的出現引發了加密貨幣領域的興趣激增。這種融合催生了一種獨特的數位資產，被恰當地稱為「人工智慧技術代幣」。這些代幣體現了人工智慧技術的本質，提供了廣泛的應用。從提高區塊鏈效率到為去中心化自治組織（DAO）提供動力，這些代幣有望徹底改變加密貨幣格局。

Among the vast array of AI Tech Tokens, a select group has managed to amass substantial attention. These tokens are renowned for their exceptional performance, which has seen them outpace even the most well-established cryptocurrencies. Thisといっても, performance comes at a price, as these tokens are often characterized by high volatility and unpredictable price movements.

在眾多的人工智慧技術代幣中，有一個精選群體成功地引起了廣泛關注。這些代幣以其卓越的性能而聞名，甚至超過了最成熟的加密貨幣。性能是有代價的，因為這些代幣通常具有高波動性和不可預測的價格變動的特徵。

As of Q1 2024, the top 10 AI Tech Tokens boast a combined circulating market cap of $30.9 billion. This figure serves as a testament to the immense capital that has flocked to this burgeoning sector. In stark contrast, the top 10 AI memecoins, despite garnering widespread attention, collectively account for a market cap of a mere $2.54 billion.

截至 2024 年第一季度，十大人工智慧技術代幣的總流通市值為 309 億美元。這個數字證明了巨大的資本湧入這個新興產業。與此形成鮮明對比的是，排名前 10 位的 AI memecoin 儘管受到廣泛關注，但其總市值僅為 25.4 億美元。

However, I believe that the true potential for outsized returns lies within the realm of AI memecoins. This emerging asset class combines the enduring appeal of memecoins with the cutting-edge advancements of AI technology. As a result, I anticipate that AI memecoins are poised to slowly siphon capital from not only AI Tech Tokens but also static meme coins and VC coins.

然而，我相信超額回報的真正潛力在於人工智慧迷因幣領域。這種新興的資產類別將模因幣的持久吸引力與人工智慧技術的尖端進步結合在一起。因此，我預期人工智慧迷因幣不僅會從人工智慧技術代幣中慢慢吸取資本，還會從靜態迷因幣和創投幣中吸取資金。

To put this into perspective, the total market cap of AI memecoin is currently on par with that of ETHEREUM CLASSIC. This provides a clear indication of the vast opportunity that still remains untapped within this domain.

從這個角度來看，AI memecoin 的總市值目前與 ETHEREUM CLASSIC 持平。這清楚地表明該領域仍有大量尚未開發的機會。

A Decoding of the DeFi Summer Moment

解密 DeFi 夏日時刻

Those who have been closely following the cryptocurrency markets will likely recall the pivotal role that YFI played during DeFi Summer 2020. This event, which saw a select group of DeFi tokens experience parabolic price surges, ultimately culminated in the emergence of YFI—a token that was "Fair Launched" in July and went on to achieve a market cap of $1 billion within a span of 2 months.

那些密切關注加密貨幣市場的人可能會記得YFI 在2020 年DeFi 夏季期間所發揮的關鍵作用。 ，這是一種於 7 月“公平啟動”，並在 2 個月內實現了 10 億美元的市值。

This development served as a catalyst for a large amount of on-chain capital to enter DeFi tokens, as it provided tangible evidence that a fair-launched DeFi token could indeed start from $0 and eventually reach $1 billion.

這一發展成為大量鏈上資本進入 DeFi 代幣的催化劑，因為它提供了切實的證據，證明公平發行的 DeFi 代幣確實可以從 0 美元開始，最終達到 10 億美元。

DeFi was a hot area in the last cycle because it was new, attractive, and gave people the ability to dream. With interest rates at 0%, there were rumors that DeFi would siphon capital from TradFi and become the future of finance. This led to a speculative frenzy on the chain, helping DeFi applications gain TVL and users to test the ecosystem.

上個週期，DeFi 是一個熱門領域，因為它新穎、有吸引力，並賦予人們夢想的能力。在利率為 0% 的情況下，有傳言稱 DeFi 將從 TradFi 中吸走資金，成為金融的未來。這引發了鏈上投機狂潮，幫助 DeFi 應用程式獲得 TVL 和用戶測試生態系統。

When YFI launched, the total DeFi market cap was about $5 billion. It peaked at about $170 billion at the top of the market, an increase of 34 times. If GOAT is similar to YFI, then we are still in the very early stages as the total market cap of AI memecoins is less than $5 billion.

YFI 推出時，DeFi 總市值約 50 億美元。最高時約1700億美元，成長了34倍。如果 GOAT 與 YFI 類似，那麼我們仍處於早期階段，因為 AI memecoin 的總市值還不到 50 億美元。

The DeFi cycle combines catalysts/factors internal to crypto (liquidity mining, Ponzi yield farming, speculation) and catalysts/factors external to crypto (interest rates drop to zero → capital enters crypto seeking yield), and bubbles form. AI Memecoin Omegacycle is no exception.

DeFi 週期結合了加密貨幣內部的催化劑/因素（流動性挖礦、龐氏收益耕作、投機）和加密貨幣外部的催化劑/因素（利率降至零→資本進入加密貨幣尋求收益），並形成泡沫。 AI Memecoin Omegacycle 也不例外。

Reflexivity in the new paradigm

新範式中的反身性

Reflexivity theory states that investors make decisions not based on reality, but on their perception of reality. These perceptions trigger actions that have an impact on reality or fundamentals, which in turn affects investor perceptions, which in turn affects prices.

反身性理論指出，投資人做出決策不是基於現實，而是基於他們對現實的看法。這些看法會引發對現實或基本面產生影響的行動，進而影響投資人的看法，進而影響價格。

Price is the total market cap of the AI memecoin space, fundamentals based on attention and how big the "dream" is. These are not "pure memecoins" in my opinion. They are closer to the "tokenized AGI" launched by all fair on pumpfun in my opinion. If VC wants to sell heavily, these tokens will be issued at a FDV of $1 billion with a 10% float. But these AI memecoins start at $0, and anyone has the opportunity to get in early.

價格是人工智慧迷因幣空間的總市值，基本面基於關注度和「夢想」有多大。在我看來，這些不是「純粹的迷因幣」。我認為它們更接近all fair在pumpfun上推出的「代幣化AGI」。如果 VC 想要大量出售，這些代幣將以 10 億美元的 FDV 發行，浮動利率為 10%。但這些 AI memecoin 起價為 0 美元，任何人都有機會提前參與。

In my opinion, reflexivity works as follows:

在我看來，反身性的作用如下：

It’s really important to note that all of these tokens started out as pumpfun. It fits with the current zeitgeist, the Memecoin/AI supercycle, and anti-VC sentiment. Elon Musk expects AGI to be achieved in 2025–26, so if you believe in 4-year cycles, the hype peak could coincide with the top of cryptocurrencies in Q4 2025.

值得注意的是，所有這些代幣都是從 Pumpfun 開始的。它符合當前的時代精神、Memecoin/AI 超級週期和反創投情緒。 Elon Musk 預計 AGI 將在 2025-26 年實現，因此，如果您相信 4 年周期，那麼炒作高峰可能會與 2025 年第四季度加密貨幣的頂峰同時出現。

My Positioning

我的定位

Last cycle, the total DeFi market cap reached $170 billion. If the industry reaches these valuations, it would mean about 40x growth from now. But since the total cryptocurrency market cap is much higher, we can easily surpass these levels. The key is to have

上一周期，DeFi 總市值達到 1,700 億美元。如果該行業達到這些估值，則意味著從現在起將成長約 40 倍。但由於加密貨幣總市值要高得多，我們可以輕鬆超越這些水準。關鍵是要有