AI Coins and Meme Coins: The Wild Ride of Crypto Degenerates 🚀🚀

As AI-Based Cryptocurrencies Gain Attention After Nvidia's Successful Earnings, AI Meme Coins Shine as Top Performers Today on DEXTools

Today’s top cryptocurrency gainers on DEXTools are BABYSORA, XCN, and SORAFI.

Last updated: February 22, 2024 13:32 EST | 2 min read

📷 Image Source: Joel Frank

As AI-coins take the spotlight on a thrilling Thursday, with the likes of Worldcoin (WLD), SingularityNET (AGIX), and Render (RNDR) pumping between 25-40% in just 24 hours, some of the top crypto gainers today on DEXTools are meme coins with an AI-theme. 🚀

Crypto degens, those risk-loving warriors, use DEXTools to monitor movers and shakers in the on-chain shitcoin/meme coin market. You see, these micro-cap shitcoins frequently post fast exponential gains, hence why degens flock to these on-chain markets. It’s like watching a rollercoaster ride on steroids, with unpredictable twists and turns, only without the safety harness. 😮💥

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While broader market conditions can impact micro-cap shitcoin markets, such as on Thursday, where some of the outperformers are AI-themed tokens, shitcoins are always pumping and dumping, regardless of the broader market’s conditions. They live in a parallel universe, where gravity doesn’t seem to apply. 🔮

For instance, Bitcoin (BTC) has been stuck in a $51,000-53,000 range for over a week now. But this hasn’t stopped dozens of meme coins from pumping and dumping each day. It’s as if they have a secret hotline to the moon, or perhaps a turbo-charged rocket strapped to their backs. 🚀🌕

With that being said, here are some of the top crypto gainers today on DEXTools:

Top Crypto Gainers Today 📈

BabySora ($BABYSORA)

A just-launched meme coin themed after OpenAI’s new product Sora, called BabySora ($BABYSORA) has pumped nearly 9,700% since its launch today, as per DEXTools. Its market cap was last around $1.6 million, with around $215,000 in liquidity. It already has over 250 holders and $150,000 in trading volumes. That’s impressive stuff for a first day of trade. However, investors should be very cautious of this coin given it could be a honey pot scam, as per DEXTools. 🍯🐻

Onyx Protocol ($XCN)

Peer-to-peer lending platform Onyx Protocol ($XCN) has pumped up 800% on Thursday. Its market cap was last around $400,000 with around $270,000 in liquidity, as per DEXTools. It has an impressive 13,500 holders and has seen 24-hour trading volumes of $4 million. The token has been around for nearly one year, so it is unlikely to be a scam at this point. 🤞

SORAFI ($SORAFI)

Another just-launched Sora-themed shitcoin called SORAFI ($SORAFI) is up 700%, making it one of the top crypto gainers today. As per DEXTools, its market cap was last around $240,000 and liquidity around $175,000. Newly launched coins are nearly always pump and dumps or scams, so investors should always do their due diligence and exercise caution. There’s no such thing as zero risk in the wild west of crypto. 🔍⚠️

Crypto Alternatives to Consider 🤔💡

Investing in low-cap shitcoins is a very risky strategy. An innocent-looking project could easily turn out to be a scam, and a few big sell orders could drive the price 80% lower in a heartbeat. It’s like gambling in a high-stakes poker game, where the deck might be stacked against you. ♣️♦️♥️♠️

However, there is another strategy that is still risky but arguably has a better risk-reward ratio: getting involved in crypto presales. The idea is that investors secure tokens of up-and-coming, high-potential crypto projects/protocols at a discounted early price.

These projects then put those funds to work, paying for protocol development and marketing. While lots can go wrong when investing in crypto presales, savvy presale investors routinely secure gains of 10x or more. It’s like finding the golden ticket in the crypto version of Willy Wonka’s chocolate factory. 🍫🎫

With hundreds of presale projects vying for investor funds, analysts at Blocking.net have been combing the market, separating the potential gems from the rough. For a list of 14 cryptocurrencies with the highest potential, check out their article here.

Investing in crypto is not for the faint-hearted, but with some knowledge and a sprinkle of luck, it can be a rewarding adventure. Just remember, it’s important to do your own research, understand the risks, and only invest what you can afford to lose. 🚀⚠️💰

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Disclaimer: Crypto is a high-risk asset class. This article is provided for informational purposes and does not constitute investment advice. You could lose all of your capital.

Reference List:

1. BTC Blasts Past $47K as Bitcoin ETF Excitement Gets Feverish
2. Top Crypto Gainers Today on DEXTools
3. Micro-cap Shitcoins
4. Bitcoin Needs to Address Scaling Before ETFs Drive Momentum
5. BRC20.com Raises $15 Million to Provide Infrastructure for Bitcoin Tokens
6. Best Crypto to Buy in January (2 min read)
7. Chair of Digital Assets Subcommittee Hopes to See Crypto Bills Coming to Fruition by 2024

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