Time to have a little fun with a combination of finance, gambling, AI, the Oxford comma, and meme coins.
If I had a dollar for every meme coin I’ve seen, heard about, been pitched, been presented a scammy airdrop tweet for, or lost my shirt on, I’d have probably one trillion meme coins.
(And if you count up all the meme coins stuck in my MetaMask account and maybe sitting on my phone, you’re well on your way to the first trillion.)
So we thought we’d start with Bard, the AI tool from Google, and see what it/he/they think(s) about the current state of Meme Coins.
The prompt:
Suggest five crypto meme coins that could be potential ten-baggers — that is, could go up in price 10x — based on current conditions and past results.
Bard’s Response
Here are five crypto meme coins that could be potential ten-baggers:
- Dogecoin (DOGE): Dogecoin is the original meme coin, and it has a large and passionate community of supporters. It is also one of the most well-known cryptocurrencies, which gives it a lot of potential for growth.
- Shiba Inu (SHIB): Shiba Inu is another popular meme coin that has seen a lot of growth in recent months. It is similar to Dogecoin in that it is based on the Shiba Inu dog breed, but it has its own unique features and community.
- Baby Doge Coin (BABYDOGE): Baby Doge Coin is a newer meme coin that is based on Dogecoin. It has quickly gained popularity, and it has the potential to reach even greater heights than its predecessor.
- Floki Inu (FLOKI): Floki Inu is another newer meme coin that is based on the Shiba Inu dog breed. It has a strong community of supporters, and it is quickly gaining momentum.
- SafeMoon (SAFEMOON): SafeMoon is a meme coin that has a unique tokenomics system that rewards holders for holding their tokens. This has helped to create a strong community of supporters, and it has the potential to reach even greater heights.
It is important to note that these are just a few of the many potential ten-baggers in the crypto meme space. There are many other promising projects out there, and it is important to do your own research before investing in any cryptocurrency.
It is also important to remember that meme coins are a high-risk investment. The prices of these coins can be very volatile, and they can lose value quickly. If you are considering investing in a meme coin, be sure to only invest what you can afford to lose.
Let’s Go to the Videotape…
Dave here again. And we’re not exactly going to the videotape, but we are going to compare and contrast the thoughts from the Bard machine with some thoughts of our own. (Folks, THIS is how AI and ChatGPT and Bard and all are supposed to work. Want more thoughts on how your life might change? Check out this post, complete with a Jordan Peterson Meme.) Let’s start with DOGE.
BEFORE WE DO THAT…First of all, this is not investment advice. Note above that Bard told you as much, and said you should “be sure to only invest what you can afford to lose.” Wise old Bard.
AND…why not make this a CLEARLY MARKED SPONSORED POST? Sure. Here’s an AFFILIATE LINK from BINANCE. We can both benefit if you use that link to sign up. Now, let’s get to DOGE…
Elon Musk Was Right
Elon said something once about “to the Moon” and I think he was talking about DOGE because if he had said “to Mars” he’d be talking about SpaceX. Alas, he was right…if you look at the growth of the coin from its all time low 8 years ago. But who HODLed DOGE? Nobody, that’s who.
Is it a safe bet? Eh…
Here’s one way of looking at it: Market Cap. If DOGE is an $11B coin (well, just short, but let’s round up), could it become…a $20B coin? $100B? OR $1B?
From the “Up Only” perspective, yeah, it might be at its peak.
On a 1-10 scale with 10 being the likelihood of a “ten-bagger,” and 1 being “you might be better off rolling your window down while driving on the highway and throwing a bunch of twenties out of your car,” we give this a 3.
SHIB. Or…SHIV.
Here’s the thing about SHIB. You had to get in super early or else…you are probably better off trying other options.
This SHIB thing is the 15th-largest crypto by market cap. And it — like the other meme coins — serves no utility. Market cap of $6B. Nah, it gets a score of 2 on the 10-point scale.
We’ll go with SHIV, who gets a 10.
There’s a Baby Doge?
Okay. But, this one is confusing because there are multiple Baby Doges AND this coin is also on Binance Smart Chain (BSC) but has expanded to Ethereum, too. It’s the ultimate in DYOR BUT, with a market cap of $333M, yeah, it has room to grow. Plus the confusion and the desire to get in on something that *could be* the next DOGE means…We give it a score of 6.
FLOKI Is Pretty Much the Same, Right?
A cursory glance at the numbers tells us that FLOKI and BABY DOGE are pretty much the same coin. Both come in at roughly the same market cap, so it might come down to gut feel.
We’re going to give a slightly higher score to FLOKI thanks to its not having “DOGE” in its name. We give it a 7.
What Is SAFEMOON and Why No Dog?
SAFEMOON does not appear to be affiliated with a dog meme. This is a plus.
It’s over on the BSC chain, so there needs to be some BNB to take advantage of it. (How do you get BNB? You use the CLEARLY MARKED BINANCE AFFILIATE LINK.)
Market cap is lowest among the five coins on our list, so it probably gets the highest score. Nice stats here:
We give it an 8.
Final Thoughts on AL, or AI
We have a couple final thoughts here.
First of all, as evidenced by the image at the top of this post, the move to sans-serif fonts has meant that you’re not totally sure if people are talking about Artificial Intelligence or guys named Al.
That being said, the list created by Bard was fine. It served its purpose: quite a bit more than a Google search, but not quite enough to give you the full feel for what’s going on.
Finally, you’re best off — AND THIS IS NOT INVESTMENT ADVICE — ensuring that you have the basics taken care of and are ready for (surprise) the SHTF stuff we’ve talked about before venturing into the meme coin game.