AI-based meme coins rally following Worldcoin’s record weekly gains

General

Following the remarkable surge of AI tokens like Worldcoin and SingularityNET, AI-based meme coins also see a bullish market, with double-digit gains.

CorgiAI, the most popular AI-based meme token, surged nearly 30% this week. The surge saw CorgiAI take over PEPE in market cap and become the fourth-largest meme coin in the market.

ArbDoge AI token, or AIDOGE, has reached double-digit gains, at over 15% for the week. Although the AI meme coin market is relatively new, AIDOGE is a well-known community-owned asset within the Arbitrum community. BullBear AI (AIBB), a project that predicts bull and bear markets through user price action and behavior analytics, also gained nearly 35% this week.

Most notably, KiboShib, the first AI-generated meme coin, surged by 220% in a week and more than 540% in the past 14 days. KiboShib is a product of the fusion between two popular meme coins, Dogecoin and Shiba Inu. This project was initiated in December 2022, showcasing the potential of AI in generating cryptocurrencies that resonate with the community.

KIBSHI market data | Source: CoinMarketCap

The recent surge in AI-based cryptocurrencies has been largely attributed to OpenAI’s announcement of Sora, a text-to-video generator. Sora’s introduction reflected a wider interest in generative AI development, driving speculations that tokens tied to AI could potentially disrupt the crypto industry in the coming years.