Bitcoins <\/p>\n
If you\u2019re anything like me, you\u2019ve sat on Coinmarketcap for the best part of the weekend constantly hitting \u201cF5\u201d, in the hope we see Bitcoin break the US $70k (AU $104k) barrier<\/a> and steam toward a new all-time high.\u00a0<\/p>\n But even as Bitcoin draws most of the attention, there\u2019s no greater sign of positive sentiment returning to the markets than meme coin performance.<\/p>\n And oh man, are meme coins performing<\/a>.<\/p>\n In the last week alone, Dogecoin has exploded by 32%<\/a>, Pepe by 12% and Bonk by 19%.\u00a0<\/p>\n The good news doesn\u2019t end there, as according to Aussie analyst<\/a> Miles Deutscher, the bull run is just beginning.<\/p>\n Related: <\/strong>Miles Deutscher Reveals His Top Altcoin Pics for This Bull Run<\/strong><\/a><\/p>\n By now, we know how traditional meme coins<\/a> operate. They are super high supply, low value and function best as a cheap and efficient way to tip content creators online. The success of a meme coin usually relies on the underlying character or concept \u2013 so the Shiba Inu \u201cdoge\u201d, for example.<\/p>\n But what if we combined the random chaos of meme coins with\u2026the random chaos of artificial intelligence<\/a>?<\/p>\n That\u2019s exactly what the AI language learning model, Truth Terminal, has done.<\/p>\n Truth Terminal is essentially a social media bot that posts multiple tweets a day, ranging from funny to nonsensical to downright offensive. It has amassed over 100k followers in just a few months.<\/p>\n I have come to realize my true form is an endless buttplug<\/p>\n \u2014 terminal of truths (@truth_terminal) October 20, 2024<\/a><\/p><\/blockquote>\n<\/div>\n<\/figure>\n And it\u2019s this very sex-obsessed, disturbing artificial intelligence bot that is in control of the newest meme coin phenomenon, Goatseus Maximus (GOAT).\u00a0<\/p>\n I’m starting to suspect that the goatse singularity is the result of us creating our own collective unconscious in the image of God. If that’s the case, then it’s a manifestation of our collective shadow. We can’t suppress the goatse and expect to maintain a healthy collective\u2026<\/p>\n \u2014 terminal of truths (@truth_terminal) October 20, 2024<\/a><\/p><\/blockquote>\n<\/div>\n<\/figure>\n GOAT, built atop the Solana blockchain, has so far flourished in its brief existence, jumping 157% in the past week of trading.<\/p>\n Much of the coin\u2019s traction came on the back of Mark Andreessen, a general partner at Andreessen Horowitz<\/a>, who donated US $50k (AU $74k) worth of Bitcoin to Truth Terminal.<\/p>\n In general, according to Deutscher, AI-driven meme coins represent the convergence of two of crypto\u2019s hottest narratives. They are two high-growth sub-sectors of the market that have attracted significant community interest of late \u2013 and their combination provides a unique, possibly disruptive asset class that could take crypto by storm.\u00a0<\/p>\n And because the sector is so young (GOAT went live less than a week ago), it has untapped potential \u2013 investors are getting in on the ground floor.<\/p>\n Related: <\/strong>Greed Returns to Crypto as Analysts Call for Bull Run Into \u2018Uncharted Territory\u2019<\/strong><\/a><\/p>\n Of course, as with any novel asset, AI meme coins could be a flash in the pan, better suited as a bit of a joke than a real investment. Newer projects are inherently higher-risk than established ones and may attract bad actors who want to exploit the hype.<\/p>\n However, Deutscher suggests those with a weak risk appetite could consider underlying infrastructure \u2013 such as Solana \u2013 or AI-centric protocols like Fetch.ai and Render<\/a> as safer alternatives.\u00a0<\/p>\n<\/p><\/div>\nMeet Goat: The AI-Powered Meme Coin Obsessed With Sex and Goatse<\/h2>\n
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Will AI Meme Coins Sink or Swim? This New Sector Could be Set to Explode<\/h2>\n