Meme Coins vs AI Coins

Meme coins and AI tokens are making waves in the crypto space, attracting more and more speculators looking to get in and out at the right time. While meme coins are making crypto more fun, AI coins are receiving more attention as a result of the current boom in AI technology.

Trust Wallet supports both meme coins and AI coins, enabling you to securely store, buy, send, receive, and trade Dogecoin (DOGE), Pepe (PEPE), Shiba Inu (SHIB), The Graph (GRT), Fetch.ai (FET), and more.

In this guide, we look at meme coins vs. AI coins: what they are, what makes them unique, which one you can buy, and their differences.

What Are Meme Coins?

Meme coins are cryptocurrencies created based on trending memes with a comedic trait, paying homage to internet culture to gain traction and popularity.

Putting a familiar image on cryptocurrency makes tokens more approachable and casts a wider net for speculators. Meme coins hold entertainment value but have little utility or real-life value other than to be shared and enjoyed.

Internet culture and trending topics change frequently, making meme coins extremely volatile. The tokens are also usually uncapped in supply and focus on public entertainment and community engagement as their sole value propositions.

Examples of Meme Coins

Now that you understand what meme coins are, let's look at the top five meme coins in the market today, all of which you can store and manage using your Trust Wallet.

Dogecoin

Dogecoin (DOGE) was invented in 2013, making it the first and most well-known meme coin. It began as a joke to poke fun at other cryptocurrencies and how they are highly speculative and was not created to fulfill a specific use case. The meme coin is influenced by the iconic Shiba Inu meme, an image of a smiling Shiba Inu dog, which is also its official ‘mascot,’ with Dogecoin being represented by the dog’s image.

Dogecoin has an unlimited coin supply and was popularized by Elon Musk, the CEO of Tesla and SpaceX, making it one of the most valuable meme coins in the market.

PEPE

PEPE is a recently launched meme coin featuring Pepe the Frog, a famous meme, as its mascot. The coin was launched in April 2023 and has a maximum supply of 420,690,000,000,000 tokens. The meme coin claims itself as the ‘most memeable meme coin in existence.’

Pepe stands out because of its commitment to engaging with the community and harnessing the power of Internet culture. Pepe’s popularity has led to the token being listed on various exchanges and being supported by crypto wallets like Trust Wallet.

Shiba Inu

Shiba Inu (SHIB) was created in 2020 and is a Dogecoin-inspired token that continues the series of dog-based meme cryptocurrencies. SHIB features the Japanese Shiba Inu breed dog as its mascot. The meme coin made history with the highest donation ever made when Ethereum’s co-founder Vitalik Buterin donated $1 billion in SHIB to fight the spread of COVID-19 in India.

SHIB has a maximum supply of 999.99 trillion coins and is used in peer-to-peer transactions.

FLOKI

FLOKI is a Dogecoin copycat that was launched in 2021. It started as a meme coin based on Elon Musk’s Shiba Inu dog, Floki. The dog is named after a fictional character in the show ‘Vikings’, and that's why FLOKI’s mascot is a Shiba Inu wearing a Viking helmet. FlOKI describes itself as ‘the people’s cryptocurrency’ and has a supply of 20 trillion coins.

FLOKI rebranded from a simple meme coin to a fully-fledged Web 3 project with utility. You can use FLOKI on projects like FlokiPlaces and Valhalla to trade the token for NFTs or physical goods.

BABYDOGE

BabyDoge coin was created in 2021 as a spin-off of DOGE. It's not affiliated with Dogecoin, but uses the name to continue the host of dog-themed meme coins. The token uses the DOGE mascot to portray a fun and supportive community that advances crypto adoption and helps dogs in need.

Babydoge has a total supply of 420 quadrillion tokens and is used in some peer-to-peer transactions. Its proceeds are used in donating to charities that support care for dogs worldwide.

Why Are Meme Coins Popular?

Meme coins are a community-driven phenomenon designed to go viral and get shared as much as their native memes. They speak to a demographic that has grown up with Internet culture, emerging as a form of expression many people resonate with.

Celebrity endorsements from people like Elon Musk and Mark Cuban fueled the FOMO (Fear Of Missing Out) that drives crypto investors to buy and trade meme coins.

Meme coins have made cryptocurrencies more lighthearted and a fun investment that anyone can get a piece of. The coins tend to have a low value per token and can cost as little as a few cents, which appeals to younger speculators who hope the coins eventually rally enough to generate high returns on investment.

You can diversify your crypto portfolio with meme coins using Trust Wallet, which allows you to buy and swap a wide range of meme cryptocurrencies.

What Are AI Coins?

Before we define AI coins, we need to explain what artificial intelligence is.

Artificial intelligence (AI) is the simulation of human intelligence in machines like computer systems to think and act like humans. For example, ChatGPT can perform writing or coding tasks content based on the instructions you provide it and the dataset it possesses.

AI coins, also known as artificial intelligence tokens, are cryptocurrencies used to power blockchain platforms that have integrated artificial intelligence.

The current leading AI tokens don't use artificial intelligence in their design but, instead, act as utility tokens on AI-supported, blockchain-based applications and platforms, allowing you to interact with these apps.

Examples of AI Coins

Here is a list of the top five AI coins making waves in the crypto space, all of which you can securely store, send, receive, and swap using Trust Wallet.

AGIX

AGIX is the native token for SingularityNET, an open-source protocol that allows you to buy and sell AI products and services in a secure and decentralized network. AGIX is the main payment medium on the marketplace between buyers and service providers. The AGIX supply is capped at 2 billion.

Developers can build AI applications that interact with other networks and have access to numerous AI algorithms on SingularityNET.

FET

FET is the native token for Fetch.ai, an open-source blockchain network that uses a unique algorithm called “Proof of Stake With Reputation.” Fetch.ai is an innovative platform with a decentralized ecosystem of people who use AI to perform various tasks. In addition, the platform provides developers tools to build AI solutions on the Web 3 ecosystems.

FET is the main token used to facilitate transactions in the network.

GRT

GRT is the native token to The Graph, an open-source protocol for indexing and querying data without relying on centralized intermediaries. The Graph relies on artificial intelligence to query data for blockchain networks to give developers easier access to data and improve search accuracy. 

You can use The Graph to locate data on a blockchain using GRT as a transactional token.

ROSE

ROSE is the native token to the OASIS Network, a layer-1 blockchain that uses privacy-preserving architecture for decentralized apps (dApps). OASIS Network uses a unique mechanism called ‘ParaTime’ that allows you to execute multiple smart contracts that are heavily privacy-focused.

The platform uses ROSE as the main utility token for transactions, staking, and governance within the OASIS network. 

OCEAN

OCEAN is the main token used on Ocean Protocol, an open-source data exchange platform that allows you to exchange and monetize data. Ocean Protocol is a marketplace for people to list their data assets and set the terms and licensing prices. OCEAN tokens are used on the platform to facilitate transactions, as incentives, and for staking. 

What Makes AI Coins Unique?

AI coins are yet to reach their full aptitude, but they have the potential to disrupt the crypto markets once the full potential of AI is unleashed in the cryptocurrency industry. 

Deploying AI in the crypto markets could have the following benefits: 

• AI can be used to create smart contracts and increase blockchain’s decentralization. 

• AI’s machine learning models can help you identify scams, detect fraud in smart contracts and improve the efficiency of the network. 

• AI is susceptible to fewer manipulations and can be used to develop decentralized decision-making systems. 

• AI can analyze large amounts of blockchain data efficiently.

For now, existing AI coins primarily provide you with access to blockchain platforms and applications that have integrated AI in some form into their product. But as both AI and crypto technologies continue to develop and innovate, AI coins could make a profound impact on the global crypto asset ecosystem. 

Meme Coins vs. AI Coins: The Basic Differences

Meme coins and AI tokens have emerged as exciting trends in the crypto markets but have vastly different use cases and communities backing them. 

Use Cases

While most meme coins have no utility or real-life value other than to be shared, AI coins can be used to access applications built by AI-powered blockchain projects. Most meme coins mainly focus on the entertainment value and speculative demand. Conversely, AI coins - in their current form - act as a gateway into AI-based applications and platforms built on the blockchain. 

Who Supports Them?

Meme coins heavily rely on community engagement and support to thrive. They focus on the latest or most popular Internet (or crypto) trends and easily lose momentum when communities shift to newer trends in the space. 

AI coins are generally issued by blockchain projects that are building AI-based applications to address challenges in the crypto ecosystem. Moreover, AI tokens have garnered community support from AI enthusiasts who are witnessing how artificial intelligence applications like chatGPT are changing mainstream industries.

Conclusion

Meme coins and AI tokens have increased excitement and interest in Web3. Meme coins are once again reminding us how fun crypto can be, while offering a potential for high returns for speculators getting in and out at the right time. 

AI coins are creating a lot of buzz thanks to the boom in new AI applications (like ChatGPT) that have emerged, leading to more speculators in the crypto space taking a close look at crypto tokens powering AI blockchain projects. Currently, AI tokens are essentially all utility tokens for blockchain platforms and networks looking to built AI-powered applications and tools. 

If you are looking to add meme coins or AI coins into your crypto portfolio, you need a secure multi-asset wallet that allows you to store, buy, swap, and manage all your digital currencies and tokens in one place. The best wallet to do that for you is Trust Wallet. 

Trust Wallet is the most secure and trusted non-custodial, multi-chain crypto wallet that allows you to buy, sell, receive, and store 4.5+ million crypto assets, including non-fungible tokens (NFTs). The popular crypto wallet also enables you to interact with decentralized applications (DApps) across 70+ blockchains, providing a one-stop shop for all things web3. Moreover, you can store all your favorite meme coins, including DOGE, SHIB, and PEPE, and AI coins, including AGIX, FET, and GRT, either on mobile on on your desktop using the Trust Wallet Browser Extension. 

Download Trust Wallet now to securely buy and manage meme coins, AI coins, and all other types of digital currencies and tokens in one place.

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