The crypto industry is rising again with the momentum of AI: Storage, open-source models, and meme coins are all making moves
BlockBeats news, May 11, as the global market goes crazy for AI, the crypto community—which has long lacked new narratives—can hardly contain itself and is now leveraging the AI concept to regain momentum.
The storage sector was the first to surge. Ancient decentralized storage concept coins FIL and STORJ saw brief explosive growth last week. Among them, the FIL coin price rapidly climbed from the 0.9 US dollar range to 1.3 US dollars before slightly pulling back, and is currently quoted at 1.14 US dollars. The community even jokes: "Those who bought mining machines before finally don't need to defend their rights anymore; hard drives are skyrocketing."
The open source model concept became the biggest highlight. The Base ecosystem token VVV performed particularly strongly; behind it, Venice AI is a privacy-focused, uncensored AI platform supporting chat, image generation, code writing, and more, integrating a variety of cutting-edge open source models. After consolidating earlier this year, VVV accelerated its rise, with the coin price soaring from 1.6 US dollars all the way to 16 US dollars. In addition, its default model Dolphin token also surged, with its market cap at one point exceeding 170 million US dollars.
ICP, NIL and other projects also recorded significant gains due to their direct or indirect association with AI.
Solana's ecosystem focuses on a "lightweight Meme+AI" approach. Goblin, which soared 137% today, is a typical example. This token combines Meme attributes with the AI Agent concept, and even includes an on-chain Agent's autonomous buyback mechanism. Similarly, the pure AI Meme ZEREBRO has recently jumped from a low of 7 million US dollars in market cap to 50 million US dollars.
It is worth noting that top AI projects such as ACT, FARTCOIN, and GOAT from two years ago remain relatively stagnant and appear to have been forgotten by the market.
BlockBeats believes that crypto's hype around AI, for now, is essentially "redemption in a narrative desert", lacking real innovation and effective adoption. The current frenzy seems more like a liquidity-driven party in the short term.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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