Memecoins
Little-known meme coin CorgiAI Rises 60%, launches Pepecoin and Memecoin
A relatively unknown meme coin, CorgiAIit became the eighth largest meme coin by market capitalization according to CoinGecko.
The token turned over Pepecoin, MemecoinAND TRUMP skyrocketing 60% in the last 24 hours and 102% in the last week. CorgiAI is just steps away Book of Memeswith a market capitalization of more than $800 million, second CronoScan.
This data is similar to what is reported CoinGecko AND CoinMarketCapalthough the latter indicates that it was self-reported by CorgiAI (CORGIAI) and has not been verified. Meme coins are by nature very volatile, since the creation of CorgiAI a year ago, the token has already seen similarly huge swings three times already. CorgiAI’s smart contract also includes a mint function, according to GoPlusLabsmeaning more tokens can be created if exercised, so proceed with caution.
CorgiAI is a community-driven meme coin on the Cronos network that aims to use artificial intelligence (AI) to create tools. The most recent example of this is the Corgi Cre8r, an AI Text to Image NFT Generator.
Cronos is a layer 1 blockchain capable of interoperating with Ethereum and Cosmos. It was created by Crypto.com in collaboration with Cronos Laboratories. His CRO token it currently has a market capitalization of $3.4 million CoinGecko.
Despite being around for a while, the chain has made relatively little noise in terms of meme coins. In an effort to address this issue, the chain decided to promote its native meme coins through a campaign that gave users the opportunity to win token prizes and an exclusive NFT.
THE “Cronos Spring Odyssey: Memecoin Trails,” asked participants to follow the tokens’ Twitter account, like and retweet a post, as well as purchase and hold $5 worth of CorgiAI. Since the start of this campaign, the token has skyrocketed by 97%, according to CoinGecko. In turn, it is now the the fifth largest token on Cronos behind USDC, Wrapped Bitcoin, Maker stablecoin DAI and native CRO of the network.
While 10 other tokens were part of the campaign, CorgiAI recorded the most significant gains. Crow with knife is in second place with gains of 14.3% over the past 24 hours, reaching a market cap of $55,000.
This may be because CorgiAI has also started allow list and giveaway campaigns on its Twitter. These campaigns continue GALXE missionit had similar requirements to Cronos Spring Odyssey with Twitter interactions combined with purchasing and holding tokens providing a login.
By Stacy Elliott.