The meme coin market is currently seeing a change as Artificial Intelligence (AI) integration is shifting preferences towards Base over Solana, leading to increased competition in the blockchain sector.
BeInCrypto is analyzing these developments to aid investors in assessing the potential of this growing trend involving meme coins and AI, as well as identifying which tokens to keep an eye on.
One example is Byte (BYTE), which was launched in December 2023, with a total circulating supply of 964.46 billion BYTE and a maximum supply of 1 trillion BYTE. The Fully Diluted Valuation (FDV) for BYTE stands at $1.98 million.
According to Cliza.ai Co-Founder Francis Kim, developers are utilizing AI agents to create and deploy tokens through Tweets on X.com. Kim highlighted that Grok was the first to name $DRB and launch $BYTE, demonstrating an understanding of meme coin launch commands and tokenomics.
BYTE has seen a 17% drop in price in the last 24 hours following a significant 74% increase over the past week, currently trading at $0.000002087. The coin's value is uncertain, especially after losing crucial support at $0.000002241, making it vulnerable to further declines.
On the other hand, Fartcoin (FARTCOIN), launched in October 2024, with a total circulating supply of 999.99 million FARTCOIN and a maximum supply of 1 billion FARTCOIN, boasting a Fully Diluted Valuation (FDV) of $878.34 million. FARTCOIN is one of the top-performing meme coins on Solana, experiencing a 70% increase in the last week, currently priced at $0.87.
The rise of AI-driven meme coins has sparked a rivalry between Solana and Base, with users increasingly shifting from Solana to Base. Kim noted a trend of Korean speculators moving their funds from Solana to Base for trading new launches.
Following the trend, Toshi (TOSHI), launched in July 2023, with a total circulating supply of 420.69 billion TOSHI and a maximum supply of 420.69 billion TOSHI, with a Fully Diluted Valuation (FDV) of $133.94 million, has attracted investments in recent months. TOSHI saw a 43% rise in the past week but faced a drop to $0.000315 after losing $0.000323 support.
If TOSHI can reclaim the $0.000323 support level, it may continue its upward trend towards the next resistance at $0.000426, offering potential gains for investors. However, a further decline could push TOSHI down to $0.000256, indicating a possible prolonged downturn if investors sell their holdings to secure profits.