|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Cryptocurrency News Articles
Fartcoin, a Cryptocurrency Launched as a Joke, Soars to a Staggering $500 Million Market Cap
Dec 13, 2024 at 01:57 am
Fartcoin, built on the Solana blockchain, originated as a playful token rewarding users for sharing flatulence-related memes, BeInCrypto reported.
A cryptocurrency created as a joke amid memecoin frenzy has soared to a mind-boggling market capitalization of $500 million, fueled by viral interest and memecoin enthusiasm.
Fartcoin, built on the Solana blockchain, began as a playful token rewarding users for sharing flatulence-related memes, BeInCrypto reported.
While its features, such as "digital fart sound" transaction effects, garnered niche interest, its popularity skyrocketed after mentions from influential crypto figures and a surge in memecoin trading.
"I'm telling you folks, this is now worse than the Tech Bubble in 2000. Few of us lived it," Martin Pelletier, Senior PM at TriVest Wealth, wrote on X.
$200million in Fartcoin I'm telling you folks, this is now worse than the Tech Bubble in 2000. Few of us lived it.
pic.twitter.com/tpxeVJvdwM
In late November, Fartcoin gained substantial momentum, experiencing a 257% weekly surge, including a single-day jump of 58%.
Its price hit an all-time high of $0.60, and the coin now outvalues 38% of publicly traded U.S. companies.
Online communities and crypto traders have amplified its reach, coining phrases like "hot air rises" to signal its potential for further gains.
Fartcoin's future is uncertain as analysts predict that its rapid ascent could be followed by a sharp pullback.
The token's success depends on maintaining community engagement and meme-driven momentum.
© 2024 Latin Times. All rights reserved. Do not reproduce without permission.
Disclaimer:info@kdj.com
The information provided is not trading advice. kdj.com does not assume any responsibility for any investments made based on the information provided in this article. Cryptocurrencies are highly volatile and it is highly recommended that you invest with caution after thorough research!
If you believe that the content used on this website infringes your copyright, please contact us immediately (info@kdj.com) and we will delete it promptly.
-
- Texas House of Representatives Introduced a Bitcoin Reserve Bill Amid a Torrent of Crypto Adoption Chants Emboldened by Donald Trump’s Nov. 6 Political Success
- Dec 13, 2024 at 04:55 am
- Republican State Representative Giovanni Capriglione submitted legislation for Texas to open a strategic Bitcoin (BTC) reserve that would hold the asset for at least five years.
-
- Pudgy Penguins Reimagined: From Obscurity to Fame
- Dec 13, 2024 at 04:45 am
- In a remarkable twist, the Pudgy Penguins NFT project has seen a resurgence thanks to the vision of entrepreneur Luca Netz. Acquiring the brand for 750 ethereum, which was valued at approximately $2.5 million at the time, Netz initiated a transformation that breathed new life into the forgotten digital collectibles.