AI Agent Coins Will Overtake Memecoins in Market Share says VC
The post AI Agent Coins Will Overtake Memecoins in Market Share says VC appeared on BitcoinEthereumNews.com.
AI tokens are growing fast, with coins like Virtuals Protocol and ai16z doing well in the market. AI agents, which are smarter than bots, are getting popular, but they still face issues like slow networks and high costs. Solaxy, a new network on Solana, might solve these problems by speeding up transactions and lowering fees, helping those agents grow. AI tokens have seen a significant rise, with their cumulative market cap increasing by 14.9% in just 24 hours, reaching $49B. In comparison, meme coins, a much older sector, have a market cap of $117B with an 8.9% rise. Among the top gainers are Virtuals Protocol ($VIRTUALS) and ai16z ($AI16Z), both now in the top 10 AI coins. Haseeb Qureshi from Dragonfly Capital believes these agent coins will outperform meme coins in 2025. He sees the crypto community shifting from financial nihilism to over-optimism. The big question is whether the AI token trend will last.AI agents are leading the new era in crypto. The Rise of AI Agents in Crypto A year ago, the idea of AI agents managing a crypto ecosystem seemed futuristic. Projects like Virtuals Protocol, Artificial Superintelligence Alliance, and ai16z are now emerging with a $16B market cap. Virtuals Protocol, in particular, saw a massive surge of 9,190% in November 2023. However, those are more advanced than bots. They can learn, adapt, and make complex decisions, unlike bots that follow pre-defined rules. Despite the hype, most AI agents are just old chatbots with a new name. According to Qureshi, these agents are more about the appearance of intelligence rather than providing real value. AI’s real potential lies in software engineering and trading, where it can increase efficiency. However, for these AI agents to function properly, they need scalable networks with low transaction costs. Currently, most of these tokens…
Filed under: News - @ January 2, 2025 9:25 pm