Dogecoin and different main meme cash are down over the previous day, cooling off alongside main cryptocurrencies simply at some point after Bitcoin pushed to a brand new all-time excessive worth above $108,000. However one not too long ago sizzling meme coin is bucking the pattern.
Regardless of the doom and gloom elsewhere available in the market, Fartcoin (FARTCOIN) simply retains rising. It's up 13% over the past 24 hours at a present worth of $0.933, per information from CoinGecko, dipping barely after climbing to a brand new all-time excessive worth above $0.95 on Wednesday morning and nearing a $1 billion market cap.
Impressed by flatulence and buoyed by a neighborhood of degen merchants spouting catchphrases like "Hot air rises" and "All gas no brakes," Fartcoin has gained each worth and prominence within the final couple weeks following its launch in October.
Fartcoin not too long ago grew to become a well-liked goal for conventional traders mocking the extra inane corners of the crypto world, pointing to its dramatic surge in worth in comparison with different sorts of investments. However that mockery solely appeared to gasoline the Solana meme coin, prompting viral social media posts and loads of chatter over the goofy token.
The meme coin has practically doubled in worth over the past seven days amid the surge in consideration, rising 96% throughout that span.
I’m satisfied we’re within the very early days of the following cultural motion in crypto. #fartcoin pic.twitter.com/9vV5IBC0MW
— DGMD (@DGMD22) December 15, 2024
However FARTCOIN is an outlier within the present market, with Dogecoin main a crimson streak up and down the meme coin charts.
DOGE, the unique and most respected meme coin by market cap, has fallen by greater than 5% over the past 24 hours at a present worth of $0.383. It's down considerably after touching a three-year excessive worth of $0.48 simply over per week in the past, hitting a weekly low of simply above $0.38 in a single day.
Different main meme cash are down too, with Shiba Inu (SHIB) falling 6%, Pepe (PEPE) and Bonk (BONK) down 8%, and Bitcoin Runes token DOG•GO•TO•THE•MOON down 10% within the final day after setting an all-time excessive worth only one week in the past.
Broadly, the crypto market is down 5% over the previous day, with Bitcoin dipping 3% to a present worth of $104,325.