April – The month marked by extreme market volatility will strengthen US and China tensions and widespread divestment in global markets that have led to panic sales of almost all asset classes.
In the chaos, one of the most unlikely winners emerged from Fartcoin (Fart), the odd depth of the crypto market.
Solana-based Memecoin has earned almost 90% in the past week and about 300% in the past month, much slowing down the majority of traditional assets and crypto markets.
By comparison, Bitcoin (BTC), the largest and most established cryptocurrency, has been almost flat for the past week and month, while high-risk altcoins such as Ether (ETH), Solana (SOL), and XRP are red. Meanwhile, the Tech Heavy Nasdaq 100 index has slipped around 2% over the past week, falling nearly 5% a month as bond yields and geopolitical tensions weigh on risky assets.
It surpasses gold, but recently reached an all-time high due to safe haven demand, up 6.5% in a week and 12% a month.
“Fartcoin’s absurd outperformance is the perfect parlance for this market,” said Kirill Kretov of Coinpanel’s Trading Automation Expert in a Telegram message. “A joke wrapped in volatility that makes “rational” transactions that escalate US-China tariffs a volatility-filled fantasy. ”
What does Fartcoin rise mean for Cryptos?
By design, Memcoins is a cryptocurrency that occupies the extreme corner of the crypto market. Unlike more established digital currencies, they do not have utilities or rarity. These tokens, like Fartcoin, are driven primarily by social media hype, online communities, and short-term traders’ momentum.
Read more: Advisor Crypto: Memecoins
Released in October, Fartcoin quickly became prominent as one of the tokens propagated by Truth Terminal, an autonomous artificial intelligence (AI) agent created by Andy Ayrey, and became a viral hit amid the cryptographic speculative wave driven by LaunchPad Pump.Fun. It is popular with slogans from the joke community such as “Hot Air Rises” and “Billions Fart.” The token’s market capitalization had risen from zero to just $2.5 billion by mid-January.
Everything crashed in the crypto market later as Donald Trump’s inauguration, and the launch of Trump tokens marked a speculative bubble peak. Farts, like other small and dangerous cryptocurrencies, had over 90% to a market value of $200 million by March. But since then, it has run out of space, staged a phenomenal comeback and has become one of the best tokens in the digital assets sector.
What avoids Fartcoin’s rally is its total isolation from other speculative memokines. Other prominent meme tokens such as Dogecoin (Doge), Pepecoin (Pepe), Dogwifhat (WIF), and Trump have declined near their lows as Fartcoin has already quadrupled their prices.
“I have never seen such relative strength during macro uncertainty, and there were no indications of the altcoin animal spirit,” said Smiley Capital, a pseudonymous crypto trader who gained considerable support due to his dull commentary. “As the global economy is collapsed, there is a special kind of delay combined with beliefs to simply size up to an asset named Fartcoin.”
Smiley Capital speculated that token outperformance could be an early signal of risk-on sentiment, at least within crypto traders, after extreme fears over the past week.
“It is also the barometer and frontline of broader risk assets,” he pointed out. “It’s a statement that most of you are not ready to hear or grasp.”
It has not yet been seen whether the unpredictable and absurd nature of the new financial order is highlighted by the rise of Fartcoin or by another chapter in the Memecoin market.
But Fartcoin’s stunning gatherings, surpassing most asset classes, remind us that virality often outweighs the basics of the current market.
Read more: Trump token pops 12% after the US President calls it “the greatest of them”
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