This token is up 600% in a week amid meme coin rally

The crypto market is seeing a new rally in memcoins. The CorgiAI (CORGIAI) token has grown 600% last week.

CorgiAI is a web3 project that harnesses the limitless potential of artificial intelligence to transform the way crypto interacts and communicates.

The general rise of the meme coin market also fueled interest in CORGIAI. Over the past week, the coin has gained 563%. Amid the excitement, the token’s market capitalization increased to $193.3m.

The announcement of the cryptocurrency exchange Crypto.com also strengthened CORGIAI’s position. The cryptocurrency platform has revealed a new promotion featuring a coin with a $5,000 prize pool. The 1,000 users with the highest CORGIAI net buys will win $5 of CORGIAI each.

Contrary to the expectations of the cryptocurrency community that the hype around meme coins would fade over time, leading to a loss of income, it turned out that instead of fading away, meme coins are returning to the scene, but now with qualitatively new areas of their application. Along with CORGIAI, growth was recorded by Memecoin (MEME) and Pepe (PEPE).