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Memecoins lose space to artificial intelligence cryptocurrencies
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To the memecoinswhich dominated the cryptocurrency spotlight in 2024, is now facing a sharp decline, while artificial intelligence (AI) cryptocurrencies gain popularity and attract investors.
After a difficult December, in which top memecoins like PEPE, WIF and MOG suffered significant declines, the market turned to emerging AI technology, marking a capital turnover in the crypto sector.
In December 2024to the memecoins faced a substantial drop in their market value. THE PEPEone of the most popular, saw its value fall 27%, reaching US$8.5 billion.
THE WIFanother well-known name in the memecoin universe, plummeted 50% and is now valued at just US$2 billionwhile the MOG had a reduction of 47%with its evaluation now in US$800 million. This decline was especially notable following the price spike on the day December 7th.
Memecoins lose space to AI
Meanwhile, the market for AI tokens stole the spotlight. The token VIRTUALfor example, recorded an impressive increase in 181%achieving an assessment of US$4.5 billion.
Already the AI16zan emerging token in the sector, rose 250%achieving an assessment of US$2.5 billion. This change reflects the growing capital turnover from the memecoins sector to the AIas investors seek to explore the potential of this emerging technology.
While most memecoins have struggled, one notable exception is FARTCOIN. Inspired by AI Truth TerminalFARTCOIN performed impressively, with 46% appreciation in the last 24 hours and an incredible increase in 765% in the last 30 days.
Currently, FARTCOIN is valued at US$1.3 billionstanding out as a rare exception in the universe of memecoins.
This transition in focus is also reflected in the mindsharewhich indicate a significant change in public interest. According to the Kaitoa data analysis platform, AI tokens now dominate 57% of the attention spacewhile memecoins only occupy 8%.
This scenario is a big change compared to October 2024, when memecoins came to dominate with 20.5% of participation, while AI was close behind, with 19%.
Memecoins lose space to artificial intelligence cryptocurrencies
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Memecoins lose space to artificial intelligence cryptocurrencies
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Memecoins lose space to artificial intelligence cryptocurrencies
