Bitcoin

Pepe

The Graph

Shiba Inu

<p>Amid this year’s ongoing crypto bull cycle, apart from Bitcoin emerging as the talk of the town due to its halving, the upside momentum was carried further by meme coins and AI &amp; Big Data coins. These sectors have garnered noteworthy investor attention in recent days, primarily attributable to a plethora of bullish market factors. Intriguingly, the most asked question among crypto traders and investors is the potential the meme and AI coins sector has to offer. Here’s a collective overview of which one of the above crypto sectors is currently outperforming and why.</p>
<h2 id="the-battle-between-meme-ai-cryptos">The Battle Between Meme &amp; AI Cryptos</h2>
<p>Amidst the BTC halving frenzy witnessed this year, the broader <a href="https://coingape.com/crypto-rally-top-reasons-why-bitcoin-eth-xrp-doge-prices-rising/" target="_blank" rel="noopener noreferrer nofollow">crypto market</a> has experienced a significant upside momentum, with prices continuing to rise even today. This market pressure has led to remarkable gains in both the meme and AI sectors, offering investors promising returns on their investments.</p>
<p>However, upon deeply scanning market statistics, it can be seen that one sector appears to have emerged more prominently than the other on crypto market traders’ and investors’ radars.</p>
<h3 id="meme-coins-take-the-lead">Meme Coins Take The Lead</h3>
<p>With a market capitalization of $57.89 billion, the meme coin sector undermines the $43.17 billion market cap of AI and big data tokens. Further, the trading volume for meme tokens totaled $9.17 billion, whereas AI tokens’ trading volume was $3.31 million. This data underscores heightened investor interest in the meme coin sector, with more upside momentum.</p>
<p>Notably, the meme coins sector has displayed the potential to offer investors more ROI (Return on Investment) this year, as seen by the phenomenal price rallies of top meme coins, DOGE, SHIB, and PEPE. CoinGape Media reported that <a href="https://coingape.com/pepe-coin-whale-nabs-8x-profit-price-sustains-momentum-new-ath/" target="_blank" rel="noopener noreferrer nofollow">PEPE hit a new ATH</a> this year while sustaining its bullish momentum, highlighting considerable profits nabbed by whales and smart money addresses. Simultaneously, DOGE &amp; SHIB also surged remarkably, with annual charts illustrating gains worth 100%-200%. This fueled immense optimism on meme coins’ potential to offer gains within short-term prospects.</p>
<h3 id="ai-coins-right-behind">AI Coins Right Behind</h3>
<p>However, AI and big data tokens also appear to have unparalleled gains in the pipeline. The recent surge in the adoption and growth of <a href="https://coingape.com/glossary/artificial-intelligence/" target="_blank" rel="noopener noreferrer nofollow">AI</a> (artificial intelligence) across the globe stages as a highly optimistic factor for this crypto sector.</p>
<p>Meanwhile, Nvidia, the AI tech giant whose stock investors watch to gauge-in on AI-based crypto tokens directly, is continuing to cement its foothold in the AI industry. With <a href="https://coingape.com/news/stocks/nvidia-stock-target-price-raised-to-unprecedented-levels-ahead-of-q1-earnings/" target="_blank" rel="noopener noreferrer nofollow">Nvidia stock target prices</a> raised to unprecedented levels, an optimistic tint for AI tokens hovers over the market. Additionally, recent reports spotlight Nvidia’s plans to partner with Dell to scale AI endeavors further.</p>
<p>This continues to paint a bullish scenario for <a href="https://coingape.com/trending/top-reasons-why-ai-cryptocurrencies-will-dominate-the-market-next/" target="_blank" rel="noopener noreferrer nofollow">AI-based tokens’ long-term prospects</a> over the crypto horizon. Nonetheless, meme coins are much more prominent on investors’ radars, as mentioned above, potentially due to their high short-term ROI.</p>
<p>As also mentioned by renowned crypto market analyst Miles Deutscher, PEPE and WIF, a Solana-based meme coin, are potentially two of the best R/R holds this bull cycle. R/R refers to the Risk/ Return ratio, a measure used to assess the potential return of an investment relative&nbsp;to&nbsp;its&nbsp;risk.<br> <strong>Also Read: <a href="https://coingape.com/bitcoin-price-btc-to-face-1-4-billion-liquidation-if-price-jumps-to-this-level/" target="_blank" rel="noopener noreferrer nofollow">Bitcoin Price: BTC To Face $1.4 Billion Liquidation If Price Jumps To This Level</a></strong></p>
<h2 id="top-meme-ai-tokens-with-today-s-price-movements">Top Meme &amp; AI Tokens With Today’s Price Movements</h2>
<p><a href="https://coingape.com/price/dogecoin/" target="_blank" rel="noopener noreferrer nofollow">Dogecoin (DOGE)</a>, the largest meme crypto by global market cap, has gained 8.03% in the past 24 hours and is currently trading at $0.1645. Shiba Inu (SHIB) is trading at $0.00002562, up 6.28% today. <a href="https://coingape.com/price/pepe-coin/" target="_blank" rel="noopener noreferrer nofollow">Pepe coin (PEPE)</a> stands at $0.00001118, rallying 18.58%.</p>
<p>On the other hand, NEAR protocol (NEAR) jumped 3.70% in the past 24 hours and is resting at $8.21. Render (RNDR) surged 10.81% to $11,20. Whereas, The Graph (GRT) rallied 10.66%, reaching $0.3455.</p>
<p><strong>Also Read: <a href="https://coingape.com/trending/ethereum-price-heres-why-the-eth-price-is-rising-heavily-today/" target="_blank" rel="noopener noreferrer nofollow">Here’s Why the Ethereum (ETH) Price is Rising Heavily Today</a></strong></p>
<p>The post <a href="https://coingape.com/meme-coins-vs-ai-coins-which-sector-is-outperforming-why/" rel="noopener noreferrer nofollow">Meme Coins Vs AI Coins: Which Sector Is Outperforming &amp; Why?</a> appeared first on <a href="https://coingape.com" rel="noopener noreferrer nofollow">CoinGape</a>.</p>

Meme Coins Vs AI Coins: Which Sector Is Outperforming & Why?

Table of Contents

Coingape News Media

Other articles published on May 21, 2024

Sei Foundation Proposes High-Speed v2 Upgrade

BlockDAG Sets The Pace In Crypto Innovation Amid Challenges For Ethereum ETFs And Algotech’s AI D...

These 3 Altcoins Under $1 Have Insane 50x Growth Potential

US House Passes American Blockchains Act 2023

The Rise Before The Fall: Have DOGE and WIF Investors Taken Profits Elsewhere?

PEPE Meme Coin Smashes ATH – See How Much an $83 Investment in Pepe Coin Last Year is Worth Now

Join our free newsletter for daily crypto updates!