As Dogecoin and Other Meme Coins’ Popularity Decreases, are AI Cryptos The Next Big Thing?
Top crypto coins that started as internet memes, like Dogecoin and Shiba Inu, unexpectedly became household names in previous bull runs. They symbolized the unpredictability and dynamism of the crypto sphere. However, as recent data suggests, the luster of meme coins seems to be waning. An evident decline of $3.2 billion in the meme coin market within just nine months showcases this downward trend.
Amidst this shifting landscape, the crypto community’s attention now shifts to a more sustainable and tech-driven segment: AI-based cryptocurrencies. Leading the charge in this frontier is a new ICO, InQubeta ($QUBE).
The Rise and Wane of Meme Coins
For a fleeting moment, meme coins were the darling of the crypto world. With Dogecoin’s value plummeting by $2.46 billion and Shiba Inu’s by $1.22 billion since January, it’s evident that their meteoric rise was paralleled by a sharp fall. While Pepe managed to infuse some life into the meme coin market with an increment of $284 million, the general trajectory for these top altcoins has been a downward spiral.
Why such a shift? One can argue that the volatile nature of meme coins, primarily driven by internet hype and celebrity endorsements, made them susceptible to sharp fluctuations. Without underlying technological advancements or real-world applications supporting their value, meme coins relied heavily on market sentiment.
Enter AI Cryptos: The Future Beckons
As meme coins experience turbulence, AI cryptocurrencies stand poised to take center stage. These coins are backed by real-world applications, technological innovations, and tangible solutions to existing problems. Their rise isn’t driven by mere sentiment; it’s a reflection of the advancements they represent.
InQubeta:
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