Artificial intelligence has increased the popularity of AI-based meme coins such as Grok, Worldcoin, and Corgi AI, among others. However, none of this would have been fruitful without NVIDIA, the largest chip maker in the world. The NVIDIA stock value has grown tremendously, hitting new all-time high prices of $1,149, a 6.98% increase in the last 24 hours. This article explores some reasons you may want to buy AI-based meme coins in the wake of Nvidia’s massive success.
1. Nvidia’s AI Dominance
Nvidia has cemented its position as a powerhouse in the AI industry, responsible for producing 80% of the world’s GPU semiconductor chips. The company’s latest earnings report for the Q4 2024 fiscal year revealed a staggering revenue of over $22 billion. Major players like Amazon, Apple, Microsoft, and gaming companies heavily rely on Nvidia’s high-end computer chips.
Given the crypto industry’s strong dependence on cryptography, demand for these chips remains robust. Nvidia’s CEO, Jensen Huang, noted the exceptionally high demand. In response, Nvidia is transitioning from its Hopper AI to the more advanced Blackwell system to meet this demand. Such positive news means AI-based meme coins such as Grok (GROK) may experience a bullish rally.
2. AI Integration in Meme Coins
AI-based meme coins blend humor with technology, going beyond the simplicity of jokes online. They mix the fun of memes with the serious world of artificial intelligence (AI).
Take Arbdoge AI (AI DOGE), for instance. It runs on the Arbitrum network, implying low fees and fast transactions. It’s also designed to get scarcer over time, and its creators plan to introduce AI-powered products soon.
Then there’s Grok (GROK), another AI meme coin on the Ethereum blockchain. It’s inspired by Elon Musk’s Twitter AI project, Grok (xAI), bridging AI and cryptocurrency.
Lastly, CorgiAI (CORGIAI) is a community-driven meme coin with big plans. Its team wants to create AI tools that help communities grow, showing that AI meme coins can do more than entertain—they can drive real technological progress.
3. Market Sentiment and Trends
According to Coingecko, the total market capitalization of AI-based meme coins has surged to over $1.4 billion. Within this category, there’s been a significant increase in trading activity, with over $440 million traded in the last 24 hours. This suggests growing investor interest in this sector.
The largest AI meme coin by market cap is Corgi AI (CORGI), valued at $693 million. The fact that the largest AI-based meme coin hasn’t yet reached a $1 billion market cap indicates that this market is still in its early stages, presenting the potential for significant gains for investors who choose the right tokens. Coingecko’s data also reveals that only a few AI-based meme coins are currently listed, highlighting that investors who enter this market now are doing so at an early stage.
4. Potential for High Returns on AI-based Meme Coins
Despite being relatively new, artificial intelligence-based meme coins have become some of the best-performing assets in the crypto market. For example, Corgi AI (CORGI) has surged by over 4,400% since September 2023, while Turbo (TURBO) has seen an incredible increase of 12,140% since then. Turbo has risen 617% in the past two weeks and 396% in the last 7 days.
Similarly, Grok (GROK) has experienced a significant increase of 1,165% since November 2023, with a 44% rise in the past 7 days and a market cap of $117 million. Nvidia’s plans to meet market demands indicate that the AI industry is poised for substantial growth. Such momentum could potentially trigger a massive rally in AI-based meme coins.
5. Exponential Future Growth Prospects
Since the launch of ChatGPT by OpenAI in November 2022, the AI industry has experienced rapid growth. In contrast, the blockchain industry has taken over 15 years to reach its current stage of development. Within just 2 years, hundreds of AI tools have emerged online, potentially displacing hundreds of thousands of individuals from their jobs.
The emergence of AI game agents has revolutionized the gaming sector, with further advancements on the horizon. Given that all trading markets, including crypto, are predominantly speculative, the optimistic outlook for the AI industry is poised to propel AI meme coins to unprecedented heights.
Conclusion
Now is a good time to think about buying AI-based meme coins. The ones mentioned here are just some examples of what’s out there. If these coins can grow so much in a young market, think about how much they could grow in the future.
The post 5 Bullish Reasons To Buy AI-Based Meme Coins As Nvidia (NVDA) Stock Soars appeared first on CoinGape.
Earn more PRC tokens by sharing this post. Copy and paste the URL below and share to friends, when they click and visit Parrot Coin website you earn: https://parrotcoin.net0
PRC Comment Policy
Your comments MUST BE constructive with vivid and clear suggestion relating to the post.
Your comments MUST NOT be less than 5 words.
Do NOT in any way copy/duplicate or transmit another members comment and paste to earn. Members who indulge themselves copying and duplicating comments, their earnings would be wiped out totally as a warning and Account deactivated if the user continue the act.
Parrot Coin does not pay for exclamatory comments Such as hahaha, nice one, wow, congrats, lmao, lol, etc are strictly forbidden and disallowed. Kindly adhere to this rule.
Constructive REPLY to comments is allowed