Today, memes rule the online world, sparking joy and connection! They’ve become an essential part of human culture. In recent years, they’ve ventured into the financial sector, with meme stocks like GameStop seeing a dramatic surge in value through epic collective efforts.
However, they have long been a vibrant part of crypto culture. The first meme coin, Dogecoin, popped up in 2013. A few years later, in 2016, the world saw the debut of the first-ever Pepecoin ($PEPECOIN), launched as a proof-of-work (PoW) mineable blockchain.
Over the years, meme coins have seen a tremendous rise in their value and adoption. Today, the combined market cap of top meme coins has reached $51 billion, as per CoinGecko. In 2024, they are the leading narrative in the crypto sector. In fact, back in March, with a 7-day average spot trading volume of $13bln, meme coins eclipsed the likes of Ethereum and Solana, as per a CoinMetrics report.
Moreover, trading these coins continues to get easier, which further adds to their growing demand. According to Kaiko, meme coin liquidity has risen to new highs, making it easy to buy and sell these tokens. Despite more market-making diving in, bid-ask spreads remain wide.
Inspired by internet jokes, meme coins have found a strong foothold, with their popularity and price gains being primarily driven by hype and FOMO. However, they remain highly volatile and lack any real-world application. Original Pepe-based meme coin, Pepecoin ($PEPECOIN), whose price has seen a meteoric rise of 75,100% in just a matter of six months, however, stands out from the crowd for going beyond the meme coin craze.
Pepecoin is actually building an ecosystem of useful products to add utility to the fun, excitement, low entry cost, high ROI potential, and community engagement.
Its product suite covers a gaming hub, Pepe OS, to provide a seamless and user-friendly experience for crypto and meme enthusiasts and a decentralized messaging app called Pepe Messenger to foster user growth and engagement. It also includes Pepe Paint to craft and mint NFTs on the fly, SocialFi platform MyFrens for users to connect with others, decentralized NFT exchange Kekdaq, launchpad Kekstarter, a music streaming hangout space called Pepe.DJ for NFT music and BasedAI.
Yet another product in Pepecoin’s vast ecosystem is Kek.Bot, which is a unique trading terminal with features like limit orders, advanced charts, P/N/L reports for each order, mirror trading, a token discovery scanner, a sniper bot, portfolio management, trader chat, MEV blocking protection, and more.
Launched in May, Kek.Bot aims to make the whole DEX trading experience more simplified and streamlined while incentivizing user activity with rewards. Users can earn rewards simply by trading as well as training the Kek Bot v2 Brain.
Adding AI to the Mix
Last week, Pepecoin’s BasedAI released its final testnet, “CYAN,” which is a significant upgrade from the “Prometheus” testnet. CYAN is the last testnet before the project releases its mainnet.
The testnet included a couple of key changes, including full EVM support. This feature will allow BasedAI’s decentralized compute layer to deploy tokenized large language models (LLMs), machine learning (ML), and models. Users can, as a result, run a community version of LLAMA or host a collective of GPU miners and award the community with a token for contributing or mining.
Models tied to smart contracts also allow the models themselves to provide DeFi services to each other in the form of sharing compute resources or exchanging their own tokens. The testnet is to further test emissions, rewards, and administration of Test Brain NFTs and the native BasedAI token.
One of the key products of the Pepecoin ecosystem, BasedAI is a custom-engineered L1 that aims to democratize and incentivize the deployment of the rapidly growing list of open-source AI models. Through BasedAI, Pepecoin addresses data privacy and security challenges in AI applications to usher in a new era of AI freedom.
If we look at the statistics of AI tech, they paint a very bullish picture for Pepecoin’s BasedAI. For instance, the global AI adoption rate has already reached 35%, and the market is projected to balloon from almost $208bln to $1.8 trillion by the end of this decade. The Natural language processing (NPL) market is also projected to surpass $112bln during that time.
In terms of business, 79% of corporations reported AI to be crucial for their success, and 25% of all startup funding in the US goes to AI-focused ones. Moreover, about 100 million people are predicted to work in the field by 2025, boosting employee productivity by 40% in the next decade.
With AI poised to completely transform the world as we know it and see incredible adoption, BasedAI, with its focus on building decentralized tech, should capture both market interest and capital. Attention around AI is what drove chipmaker Nvidia’s stock price to $140 recently, representing an over 190% uptrend, briefly making it the world’s most valuable public company with a market cap of $3.34 trillion.
So, by leveraging the meme coin mania and the insane utility of AI, Pepecoin ($PEPECOIN) is poised to grow significantly higher, making it a must-watch coin for investors!
