The power of AI in memecoins: A new revolution in the crypto space
At launch, Dogecoin (DOGE) creators Billy Markus and Jackson Palmer were likely unaware that their joke would lead to one of the largest cryptocurrencies by market cap. Moreover, no one could have expected that their brainchild would trigger an entire sector of memecoins — cryptocurrencies inspired by internet memes and jokes.
While most memecoins don’t have specific use cases or underlying utility, crypto enthusiasts still appreciate them for the fun aspect and their ability to show a lower correlation to the rest of the crypto market. The high volatility of memecoins can be considered a good opportunity to speculate on their price, especially as Bitcoin (BTC) and the crypto sector can move within sideways channels for weeks in an attempt to reach stability.
Pseudonymous crypto expert Altcoin Sherpa tweeted: “Memecoins are mostly rugs, do nothing productive, take 0 effort to make, and are mostly here for the biggest gamblers, degenerates, and plebs in the crypto space... and yet they can do something that no ‘normal’ coin/BTC can do: they can go 500x+ in the matter of a few days.”
meme coins are mostly rugs, do nothing productive, take 0 effort to make, and are mostly here for the biggest gamblers, degenerates, and plebs in the crypto space...and yet they can do something that no 'normal' coin/ $BTC can do- they can go 500x+ in the matter of a few days pic.twitter.com/FCr0khTBEw
Adding a bit of functionality or vision may help the potential of a memecoin. For example, SnailBrook is not a simple memecoin — it aims to deliver equal opportunity to all crypto enthusiasts and become a global force for change and collaboration. Moreover, unlike most memecoins, whose underlying infrastructure is basic, SnailBrook is in the process
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