The US Federal Reserve announced an interest rate cut of 0.25% yesterday. However, his hawkish tone had a negative impact on the cryptocurrency market. Over the past 24 hours, the meme coin market saw a 9.3% decline. Back when various crypto markets were struggling due to the sudden change in market sentiment, a Meme piece based on SolanaFartcoin, has reached an important milestone. Dive in for more details!
Record market capitalization of Fartcoin
Fartcoin, a new entrant to the coin market, recently reached an impressive milestone of a billion-dollar market cap. The performance helped the meme coin enter the list of top ten meme coins by market capitalization.
Today, with a market capitalization of $1,051,271,885, Fartcoin remains the ninth largest coin. This meme coin has seen an astonishing 108.6% growth over the past seven days; it outperformed almost all other top coins, including Dogecoin, Shiba Inu, Pepe, and Bonk.
In the last hour, it jumped more than 4.9%.
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Fartcoin Market Cap: Highs and Lows
At the end of October, Fartcoin’s market cap was just $77,362,059. On November 22, it reached a high of $428,851,509. On December 3, it fell to a low of $156,354,644. However, since December 8, the market capitalization has increased significantly.
Shortly after reaching this milestone, Fartcoin’s market capitalization dropped to $714,713,686. However, it quickly rebounded above the billion-dollar market cap level. At the time of writing, Fartcoin’s market capitalization stands at approximately $1,051,271,885.
Reports suggest that at least 47,000 holders have joined the Solana-based meme coin project over the past two months. Many see this as a testament to Fartcoin’s growing appeal and community support.
Reports indicate that “Infinite Backrooms” chat rooms played a crucial role in helping Fartcoin grow its popularity exponentially. According to reports, meme-based discussions in these chat rooms have created a snowball effect of interest and adoption.
In conclusion, the rise of Fartcoin highlights the power of memes and community in driving crypto adoption.
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FAQs
To purchase Fartcoin, use Solana-compatible wallets and trade on decentralized exchanges like Raydium or Serum that support Fartcoin.
Fartcoin is a Solana-based coin that leverages hype and community-led viral campaigns to increase its popularity and adoption.