We do the research, you get the alpha!
I am convinced we are in the very early days of the next cultural movement in crypto. #fartcoin pic.twitter.com/9vV5IBC0MW
— DGMD (@DGMD22) December 15, 2024
$78,528.00
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-1.82%Reading
Dogecoin and other leading meme coins are down over the past day, cooling off alongside major cryptocurrencies just one day after Bitcoin pushed to a new all-time high price above $108,000. But one recently hot meme coin is bucking the trend.
Despite the doom and gloom elsewhere in the market, Fartcoin (FARTCOIN) just keeps rising. It's up 13% over the last 24 hours at a current price of $0.933, per data from CoinGecko, dipping slightly after climbing to a new all-time high price above $0.95 on Wednesday morning and nearing a $1 billion market cap.
Inspired by flatulence and buoyed by a community of degen traders spouting catchphrases like "Hot air rises" and "All gas no brakes," Fartcoin has gained both value and prominence in the last couple weeks following its launch in October.
Fartcoin, a flatulence-themed meme coin on the Solana blockchain, rose to a new all-time high price above $0.52 on Wednesday, topping the previous high set overnight with a market cap of over $520 million. As of this writing, Fartcoin (FARTCOIN) has seen a 69% increase in the last 24 hours and a 154% gain in the last seven days. Its price jump comes amid a broader gain in the AI sector, and particularly AI-related meme coins, a category that has climbed more than 20% in the last 24 hours. That...
Fartcoin recently became a popular target for traditional investors mocking the more inane corners of the crypto world, pointing to its dramatic surge in value compared to other types of investments. But that mockery only appeared to fuel the Solana meme coin, prompting viral social media posts and plenty of chatter over the goofy token.
The meme coin has nearly doubled in price over the last seven days amid the surge in attention, rising 96% during that span.
I am convinced we are in the very early days of the next cultural movement in crypto. #fartcoin pic.twitter.com/9vV5IBC0MW
— DGMD (@DGMD22) December 15, 2024
But FARTCOIN is an outlier in the current market, with Dogecoin leading a red streak up and down the meme coin charts.
DOGE, the original and most valuable meme coin by market cap, has fallen by more than 5% over the last 24 hours at a current price of $0.383. It's down substantially after touching a three-year high price of $0.48 just over a week ago, hitting a weekly low of just above $0.38 overnight.
Other major meme coins 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% in the last day after setting an all-time high price just one week ago.
Broadly, the crypto market is down 5% over the past day, with Bitcoin dipping 3% to a current price of $104,325.
Coinbase has now overtaken two of the world's largest securities exchanges in terms of transaction revenue, according to a crypto analyst from the private bank Coutts. The crypto exchange generated $5.75 billion in transaction revenue over the past 12 months, compared to just $4.54 billion for the Nasdaq, where many of the world’s most valuable companies, including Apple, Google, and Microsoft, are traded. Coinbase also surpassed the Stock Exchange of Hong Kong, the HKEX, which generated $2.67 b...
After several extended reviews since June this year, the Securities and Exchange Commission (SEC) has finally approved the first spot exchange-traded funds combining Bitcoin and Ethereum. The agency has authorized Nasdaq to list the Hashdex Nasdaq Crypto Index US ETF and the Cboe BZX Exchange to list the Franklin Crypto Index ETF, according to a filing released Thursday. "The proportion of bitcoin and ether to be held by each Trust will be based on free-float market capitalizations," the filing...
Dogecoin (DOGE) fell 12.4% in the past 24 hours as a broader market decline continues, triggered by the Federal Reserve's latest economic outlook. The meme coin has dropped to $0.31, while trading volume surged 67% to $10.25 billion as holders repositioned their bags. It's now down 35% from its 2024 high of $0.47. Despite the pullback, Dogecoin's market capitalization remains at $46.6 billion, maintaining its position as the seventh-largest crypto. Powell's hawkish comments about higher-than-exp...