Viral new crypto Fartcoin ($FARTCOIN) has reclaimed the $1 level and a billion-dollar market capitalization, following a double digit price rally on Tuesday.
The Solana meme coin also saw an over 20% spike in its daily trading volume, which is currently well over $200 million amidst heavy interest from TradFi investors.
However, sidelined investors may be concerned whether it is too late to buy $FARTCOIN now, and holders may be looking for the next new cryptocurrency to rotate profits to.
As previously stated, the Fartcoin price is up by 62% on Tuesday. It is currently trading at just above $1, with a market capitalization of $1 billion and a trading volume of $280 million.
Fartcoin was created from the Terminal of Truth AI agent, the same as the popular Goatseus Maximus token. It rose to fame earlier this month and even received significant interest from TradFi investors, something which other meme coins have failed to achieve.
You’ll see tradfi accounts tweet about Bitcoin from time to time, rarely ever any altsBut now we see tradfi accounts blasting out 3 tweets in a row about fartcoin No other coin has had this effect pic.twitter.com/vDDTsqkJOZ
— HornHairs 🌊 (@CryptoHornHairs) December 19, 2024
A big part of Fartcoin’s popularity is the meme coin’s hilarious name, and the bulls have no problem with it. They consider the slightly vulgar ticker to be a part of the overall charm.
The name is also a key reason behind TradFi’s growing interest in the meme coin. Institutional investors simply can’t believe that such a thing as Fartcoin could exist and have a higher market capitalization than a large percentage of publicly traded American companies.
For instance, Hedgeye reported that Fartcoin’s market cap was bigger than 38% of such companies when it had a market capitalization of just $560 million.
BREAKING: Fartcoin’s market cap is now greater than 38% of all American publicly-traded companies. pic.twitter.com/obLQK8LNTe
— Hedgeye (@Hedgeye) December 12, 2024
The new cryptocurrency was also the butt of many jokes ahead of December’s FOMC meeting. Many TradFi investors suggested that the Federal Reserve should restart their quantitative tightening if such a token could have a billion-dollar market cap.
However, the bulls are quick to point out that Fartcoin is a community-centric meme coin. Even the token’s developer team exited early and the meme coin was largely promoted by the degens.
Such new meme coins typically see tremendous success, as is evident by Fartcoin’s recent price action.
While sidelined investors are concerned about whether it is too late to buy the Solana meme coin, these concerns are largely unsubstantiated, especially considering its daily Relative Strength Index (RSI-14) is hovering at 66, below the “oversold” territory.
In fact, meme coins see their RSI surge to 90 before they see any correction in a bull market.
Fartcoin’s biggest strength is its community support. Wall Street Pepe (WEPE) is no different.
WEPE has been one of the hottest new crypto presale coins of 2024 and has already raised over $35 million in less than a month. For perspective, the meme coin hasn’t even launched yet and already has a higher valuation than the pre-Binance market caps of gems like First Neiro On Ethereum and Act I: The Prophecy.
$35M raised. Frogs are thriving. Energy’s high. Stay ready, stay focused, stay green. 🐸⚔️🚀 pic.twitter.com/qdYWgKVn2X
— Wall Street Pepe (@WEPEToken) December 23, 2024
Wall Street Pepe’s utilities are also about the community. In fact, its core mission is to challenge the dominance of whales in the meme coin sector and give a fair playing field to small-scale investors.
In this regard, all WEPE holders will soon be members of an exclusive group and receive cutting-edge market alpha. They may even find the next 100x meme coin in that group, considering members can share their insights with each other as well.
WEPE holders are already benefiting from the project’s presale staking pool, which is currently offering a reward rate of 37%.
With a large amount of the supply already locked in staking, smart money investors are bullish on Wall Street Pepe’s growth potential. Some even predict up to 100x returns from the new crypto launch.
Visit Wall Street Pepe Presale
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