Memecoins
AI Tokens, Meme Coins Offer “Buy the Dip” Opportunities Amid Market Crash
- Solana-based meme coins and cryptocurrencies in the Artificial Intelligence category are seeing a decline in their prices.
- The market-wide correction reduced 6% of the AI market cap and 3% of the market cap of Solana-based meme tokens, respectively.
- FET, AGIX, OCEAN, TRAC, BEER, SLERF, PENG noted double-digit declines in the last 24 hours.
Artificial Intelligence (AI) Tokens and meme coins have seen sharp price declines, with several assets seeing double-digit declines.
Amid the crypto market-wide correction, tokens like Fetch.ai (FET), SingularityNET (AGIX), Ocean Protocol (OCEAN), Origin Trail (TRAC), Beercoin (BEER), Slerf (SLERF ), Peng (PENG) witnessed double-digit declines over the past 24 hours.
AI and Coin Traders Could “Buy the Dip”
Seven tokens of AI and meme coin categories noted a double-digit drop in their prices over the past 24 hours, according to CoinGecko data. While AI tokens and Solana-based meme coins have been steadily rising over the past few weeks, tokens in these two categories extended their losses this week.
FET, AGIX, OCEAN, TRAC, BEER, SLERF and PENG prices fell by 12%, 13%, 13%, 10%, 31%, 13% and 9% in the last 24 hours, as shown by CoinGecko. The ongoing crypto cycle has seen AI-powered coins and Solana emerge as key narratives, driving gains for holders.
The sharp correction therefore provides a “buy the dip” opportunity for traders looking to open a trade in these assets.
FET, AGIX and OCEAN will merge into the ASI token on July 15. Until then, the three AI tokens continue to trade separately on exchange platforms. Solana-based meme coins extended their losses after weeks of profit-taking by holders.
Basis-based coins and celebrity coins have taken over the narrative and gained relevance among market participants over the past week. Daddy Tate (DADDY) is one such token, trading at $0.2008 at the time of writing.