Market Cap Hits $11 Billion
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Solana’s growth is driven by rising popularity of memecoins like AI16Z and FARTCOIN. AI-driven tokens may shift market focus, but concerns about their long-term value persist. Solana founders largely support memecoins, but some remain skeptical of AI agent tokens. Solana is on the rise as the memecoin platform of choice, with AI memecoins seeing a surge in trading volume and market cap. The total market cap of AI memecoins on Solana is now close to $11 billion, with over $2 billion in trading volume. But questions linger on the future of these tokens as to whether the current hype around AI agent coins can influence the memecoin space. Memecoins Surge on Solana Memecoins have been the major catalyst for Solana’s growth. AI-driven meme tokens like AI16Z keeps thriving, with its market cap hitting $2.43 billion. Ranked #67 in the crypto market, AI16Z jumped over 20%, showing strong investor interest. Read also: Solana Memecoin Frenzy Cools Down After Binance Listing Source: X Other Solana-based tokens, like FARTCOIN and TURBO, have also seen gains. FARTCOIN now boasts a market cap of $1.33 billion, while TURBO reached $714 million. Moreover, Ai memecoins BeffAI, IQ6900, and Mizuki are seeing growth as well, with BeffAI up as much as 216%, according to CoinGecko data. AI Agent Tokens: The Next Big Thing? AI-driven tokens are riding the memecoin wave, capitalizing on the hype to gain traction. Industry experts like Haseeb Qureshi, managing partner at Dragonfly Capital, predict this trend will continue, with AI-linked tokens potentially taking over from memecoins in popularity. My 2025 Crypto Predictions I’m either going to look like a prophet or an idiot over these predictions, but one thing is for sure: I’m going to piss off a lot of people with bags. Breaking this up into six sections: my predictions for L1s/L2s,…
Filed under: News - @ January 7, 2025 7:20 am