In this year’s ongoing crypto bull cycle, both meme coins and AI coins have gained significant traction. Here’s an analysis of which sector is outperforming and the reasons behind it.
As the crypto bull cycle continues this year, Bitcoin’s halving has taken center stage, but meme coins and AI & Big Data coins are also capturing substantial investor interest. These sectors have attracted attention due to various bullish market factors. A key question among crypto traders and investors is which sector—meme coins or AI coins—has more potential. Here’s a detailed look at which sector is currently leading and why.
The Battle Between Meme and AI Cryptos
Amid the excitement surrounding Bitcoin’s halving, the broader crypto market has seen substantial upward momentum, with prices continuing to rise. This market surge has led to significant gains in both the meme coin and AI coin sectors, providing investors with promising returns.
However, a closer analysis of market statistics reveals that one sector stands out more prominently among crypto traders and investors.
Meme Coins Take the Lead
With a market capitalization of $57.89 billion, the meme coin sector surpasses the $43.17 billion market cap of AI and big data tokens. The trading volume for meme tokens reached $9.17 billion, compared to $3.31 million for AI tokens. This data highlights a stronger investor interest in the meme coin sector, which has shown more upward momentum.
The meme coin sector has demonstrated significant potential for high returns on investment (ROI) this year, as evidenced by the remarkable price rallies of top meme coins such as DOGE, SHIB, and PEPE. CoinGape Media reported that PEPE hit a new all-time high this year while maintaining its bullish momentum, resulting in substantial profits for large investors. Similarly, DOGE and SHIB also saw remarkable surges, with annual gains of 100%-200%, fueling optimism about the short-term profit potential of meme coins.
AI Coins Close Behind
Despite meme coins taking the lead, AI and big data tokens also show promise for significant gains. The growing global adoption and development of AI technology are highly positive factors for this sector.
Nvidia, a leading AI tech company, continues to strengthen its position in the AI industry, with stock prices reaching new highs. This positive trend bodes well for AI-based crypto tokens. Additionally, reports of Nvidia’s plans to partner with Dell to further scale AI initiatives contribute to the bullish outlook for AI tokens’ long-term prospects.
Nevertheless, meme coins remain more prominent on investors’ radars, likely due to their high short-term ROI potential.
As noted by renowned crypto market analyst Miles Deutscher, PEPE and WIF, a Solana-based meme coin, are considered among the best risk/return holds in this bull cycle. The risk/return ratio measures the potential return of an investment relative to its risk.
Dogecoin (DOGE), the largest meme cryptocurrency by market cap, has surged 8.03% in the past 24 hours, currently trading at $0.1645. Shiba Inu (SHIB) is up 6.28% today, now at $0.00002562. Pepe coin (PEPE) has rallied 18.58%, reaching $0.00001118.
Meanwhile, NEAR Protocol (NEAR) has jumped 3.70% in the last 24 hours, now sitting at $8.21. Render (RNDR) saw a 10.81% increase, reaching $11.20. The Graph (GRT) also rallied, climbing 10.66% to $0.3455.
