Bitcoin is back above $90,000 – but meme tokens and AI coins are outperforming it.
With the broader market green, these niches are capitalizing on the FOMO and producing enormous returns.
And some of the best crypto presales of Q2 are benefiting from that momentum.
Meme Coins and AI Tokens Surge Past Bitcoin
Bitcoin is hovering around $93,500, with an 11% weekly increase that has investors excited.
But in today’s market, an 11% gain is nothing special.
Meme coins – retail traders’ favorite assets – have hit a combined market cap of $54 billion and cleared $9.5 billion in spot trading volume since yesterday.
DOGE and PEPE jumped 11%, while BONK exploded 19%.
The whole sector is rallying, and when this happens, traders everywhere usually start buying higher-risk assets.
AI coins are also rallying right now.
The sector has grown to a $23.6 billion market cap, with $3.6 billion traded in just the last 24 hours.
ZEREBRO is the biggest gainer, rocketing 164% overnight to take its total gains to 300% since last week.
ALCH has also reached a $180 million market cap, and AI16Z is 40% higher than it was yesterday.
Clearly, these two niches are outshining Bitcoin right now.
Institutional Bitcoin Buying Prompts Altseason Talk – And AI/Meme Plays Are Benefiting
Crypto’s mood has shifted from cautious to bullish almost overnight, and meme/AI coins are feeling that swing harder than Bitcoin.
Big institutions continue to buy Bitcoin – Metaplanet has just purchased another 330 BTC – so there are fewer coins to sell.
That’s caused the price to climb and investors to pile in – ramping up the risk appetite from other market participants.
And that’s where the “altcoin season” rumors come into play.
The altseason index is now at 20 – still in “not yet” territory – but any pause in Bitcoin’s rally could lead to a surge in altcoins.
Traders are aware of this possibility, so many are front-running it, piling into meme tokens and AI coins.
Taking a step back, macro conditions are giving another boost to crypto.
A weakening U.S. dollar, discussions of a Fed leadership shake-up, and the possibility of more favorable crypto regulations this year all increase demand for digital assets.
But can this trend continue?
That all depends on whether the macro winds stay in crypto’s favor.
For now, meme/AI coin investors are benefiting and enjoying Bitcoin-beating returns as the market rally gathers pace.
Solaxy and MIND of Pepe Could Be the Best Crypto Presales to Buy In Today’s Market
So, where does all this optimism flow?
Right now, two presale projects – Solaxy (SOLX) and MIND of Pepe (MIND) – are soaking it up.
Solaxy is Solana’s first Layer-2, basically a fast lane for when Solana gets jammed up during meme coin frenzies.
Transactions are taken off-chain and bundled back on, helping them move without delay.
Solaxy’s presale phase is still ongoing, having raised over $31 million so far, and offering SOLX tokens for just $0.001702 each.
Investors are hyped about the built-in staking protocol for SOLX that offers an APY of 129% – even while the presale is live.
That helps explain why over 8.9 billion tokens have already been staked.
Meanwhile, MIND of Pepe takes a totally different approach.
It’s a frog-themed meme coin paired with an AI agent that tracks whale wallets and X (formerly Twitter) chatter.
This agent can also manage its own wallet and launch new meme coins to take advantage of market narratives.
Presale investors can buy MIND tokens for just $0.0037315 right now.
And given that Coinsult and SolidProof have audited the token, investors can feel better about getting in early.
This focus on security, combined with MIND of Pepe’s AI smarts, has helped the project raise $8.1 million, and even crypto experts like Goalorious are taking notice.
Ultimately, if the market remains bullish, SOLX could benefit from Solana’s growing adoption, and MIND could capitalize on the meme and AI narrative.
It’s two different approaches, but they potentially lead to the same destination.
This article is for informational purposes only and does not provide financial advice. Cryptocurrencies are highly volatile, and the market can be unpredictable. Always perform thorough research before making any cryptocurrency-related decisions.