The crypto market has been enjoying a wild meme coin season yet again as they continue to surge significantly. While the durability of these newer and shinier coins is getting shorter and shorter, there are still those that have solidified their position and are busy building while spreading the fun around.
With its yearly return of a whopping 21,603%, Pepecoin is the biggest gainer among the top 200 cryptocurrencies by market cap. No other coin in this list comes even close to these gains, with the second-biggest gainer being BONK, whose price is up 10,972%, and then Turbo, which has risen 10,169%.
Besides these massive gains, PEPECOIN remains a small-cap coin, with its market capitalization currently standing at $311.34 million.
As of writing, PEPECOIN is trading at $2.59, and with Bitcoin currently sitting around $62K and waiting for its breakout to new highs, this potential uptrend could send the entire market roaring, including PEPECOIN.
Given that meme coins are one of the leading narratives of this cycle and PEPECOIN is still offering a low entry price despite having gained significant market traction, the meme coin stands to gain a lot once the trend changes.
But this isn’t all. Not only is Pepecoin leveraging the meme coin narrative, but it is also one of the leading coins to tap into the artificial intelligence (AI) trend, which, according to Kaito AI, has captured the most mindshare in the crypto space.
Both AI and meme coins are leading in mindshare and in crypto, where narratives play a huge role. This can translate to double the excitement and gains for Pepecoin during the last leg of the bull market when everything straight up rips if the past two major bull runs are any indication.
AI actually surpasses meme coins by a good percentage in terms of mindshare, which can help PEPECOIN stand out in the meme coin sector, which is getting overcrowded.
The Ethereum-based Pepecoin here is involved in the AI space through BasedAI, a decentralized P2P network for zero-knowledge large language models (ZK-LLMs).
By building an AI network for zk-LLMs and smart contracts and separating itself from other AI tokens, which more often than not are leveraging the AI trend in name only, Pepecoin has become the talk of the town.
What BasedAI (BASED) is doing is revolutionizing the way AI models are owned and participated in. At the center of this ecosystem are Brain Credits, which are digital tokens facilitating ownership and engagement within the platform, allowing for a more inclusive and decentralized AI development process.
BasedAI has already had its final testnet, “Cyan,” released, and last week’s “The Burn for Brains” event marked yet another pivotal moment for the project. Each AI brain in BasedAI is tokenized into one million fractional tokens, representing ownership and accumulating rewards. To make it easier for investors to track and manage their Brain Tokens, the project is also launching BrainGecko.
Given the progress Pepecoin’s BasedAI is making, the ongoing and anticipated boom in AI and meme tokens presents a massive opportunity for PEPECOIN to lead the market gains and redefine the boundaries of technological and financial innovation.
