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AI coins and meme coins are on the rise
In the ongoing bull run, cryptocurrency markets have witnessed the explosion of two main narratives: AI tokens and meme coins.
These sectors continue to see growth, with some of the major coins such as Render, Worldcoin, Shiba Inu, and dogwifhat posting gains in the last 24 hours.
The appetite for artificial intelligence and memes is clearly far from satisfied. A new presale, WienerAI ($WAI)which combines AI-powered trading and meme virality, has already raised more than $3.3 million.
AI-powered token rendering and Worldcoin rising in price
Render, an AI-powered token, has seen a notable increase of 4% in the last 24 hours. and is now trading at over $10.30. Render Network was founded with the vision of decentralizing the rendering process. It allows users to tap into a distributed network of GPUs, offering a more efficient and cost-effective solution for rendering digital content.
Over the past 12 months, Render has grown an impressive 300%, demonstrating its growing influence and adoption. If Render continues this upward trajectory, we could see it surpass its all-time high of $13.60.
Worldcoin, another AI-powered token, saw its price increase by 5%. Its founder, Sam Altman, is the CEO of OpenAI (the company behind ChatGPT), which has significantly strengthened Worldcoin’s credibility and attractiveness, bringing its market capitalization to $1.1 billion.
Worldcoin aims to democratize access to the digital economy. It has attracted attention due to the use of specialized devices called “Orb” scanners that verify users’ identities using biometric information.
The token has been plagued by controversy over the security of its database, which stores users’ iris patterns. However, on May 15th the platform announced which successfully switched to a more secure encryption and storage method and completely deleted the previous database. This has helped rebuild some confidence in the project and contributed to recent price movements.
What are some of the other most interesting AI coins, see our best AI encryption projects list.
Meme coins continue to show strong movements
Meme coins continue to do well, with Shiba Inu and dogwifhat leading the way. Shiba Inu grew 8%, in part due to the recent passing of Kabosu, the dog who inspired both Dogecoin and Shiba Inu, at age 17 on May 24. This news has led to renewed interest in the Shiba Inu, driving its price higher.
Shiba Inu (SHIB) remains one of the most prominent meme coins, often referred to as the “dogecoin killer.” The coin’s developers have constantly worked to expand its ecosystem, introducing projects like ShibaSwap, a decentralized exchange (DEX) platform that improves its utility by powering exchanges.
Meanwhile, dogwifhat (WIF), a Solana-based meme coin, has seen a stunning increase of nearly 50% this month alone. Over the past week it has risen by $1, bringing its market capitalization close to $4 billion.
Since the token was listed on DEX for $0.000001366 in November 2023, its price has skyrocketed, reaching an ATH of $4.85 in March.
Although the token struggled to hold its ground in April, falling below $2.50, it has risen in recent weeks. Traders have speculated that the token could potentially cross the $5 mark, which could have a huge psychological impact on investor sentiment.
WienerAI is positioned to exploit leading AI and meme narratives
A new presale, Wiener AI, is perfectly poised to take advantage of these rising narratives. It combines the enduring appeal of dog memes with the utility of an AI-powered trading bot. The Ethereum-based project has already raised $3.3 million in pre-sales, reflecting strong initial support.
The project’s mascot is a cute sausage dog, while the WienerAI trading bot offers seamless trading, zero commissions and MEV protection, enhancing users’ trading experience.
The token is currently priced at $0.000712, but this price is set to rise in just two days. Early bird investors can also enjoy a 307% staking yield, further incentivizing commitment.
Tapping into the dual narratives of AI and memes, WienerAI aims to carve out a distinct niche in the cryptocurrency market, appealing to both AI enthusiasts and meme coin fans.
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