Artificial Intelligence (AI) memecoins are recovering like their counterparts in the wider market following slight gains among cryptocurrencies. As anticipation for Artificial Intelligence products surges, a slew of related memecoins also rallied in the past month. Significantly, the exploration of AI by most tech firms and traditional finance firms has led to an increased AI frenzy.
Crypto enthusiasts have also rallied behind AI memecoins themed after several company products. These products have witnessed highs and lows as volatility is often linked to other industry factors and sentiments. As more assets are floated, here are the top AI memecoins to watch out for this week.
GROK
GROK remains a top AI memecoin named after Elon Musk’s backed Artificial Intelligence chatbot. The token is up 1.7% in the last 24 hours recovering from weeks of outflows. The AI memecoin lost 24.4% in the last seven days but held on to a 5.5% gain in the last 30 days.
GROK is popular among crypto faithful because the AI is backed by Elon Musk and is integrated into X (formerly Twitter). Musk has been a popular figure in the market with his comments driving crypto traders a certain way. Last year, the market saw a plethora of GROK-themed memecoins after its launch signaling a prevailing interest in AI. With a market cap of $86 million, GROK has a 24-hour trading volume of $15 million.
Kizuna
Kizuna tops the AI memecoins chart as the largest gainer in the last 24 hours. The memecoin spiked 37% in the last 24 hours to maintain a 4% growth this week after recorded losses in the past month. This asset is down 42.2% in 30 days making it a good entry point, analysts say. As a trending AI memecoin, Kizuna and other tokens can spike with a surge in AI platforms.
TAO INU
Amongst AI memecoins, TAO INU has shown significant strength, rallying 25% in the last 24 hours. The asset’s rise amid a wider market slump makes it a watched asset in the crypto space. However, this new surge comes after a string of weekly losses in the market.
Read Also: Crypto Assets Mid-Week Recovery: Will It Sustain?
The post Top 3 AI Memecoins To Watch Out This Week appeared first on CoinGape.
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