Emerging Crypto Fartcoin Surpasses $1 Amid Rising Traditional Finance Interest: Is It Too Late to Invest?

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-based meme coin experienced a more than 20% surge in daily trading volume, now exceeding $200 million, as it attracts substantial attention from traditional finance investors. 

However, investors who have been on the sidelines might wonder if it’s too late to jump in on $FARTCOIN, while current holders could be searching for the next promising cryptocurrency to shift their gains into.

Is Now the Right Time to Buy Fartcoin?

As mentioned earlier, Fartcoin's value shot up by 62% on Tuesday. It's currently trading just above $1, with its market cap reaching $1 billion and trading volume at $280 million. 

Fartcoin was developed using the Terminal of Truth AI agent, the same foundation as the well-known Goatseus Maximus token. It gained notoriety earlier this month and attracted notable interest from traditional finance investors, a feat not commonly seen with other meme coins. 

You’ll see tradfi accounts tweet about Bitcoin from time to time, rarely ever any alts

But 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 significant factor in Fartcoin’s appeal is its amusing name, which the bulls embrace wholeheartedly. They believe the slightly offbeat ticker adds to its overall allure. 

The name also plays a crucial role in piquing TradFi's curiosity about the meme coin. Institutional investors are astounded that a coin named Fartcoin can exist, let alone boast a larger market cap than many major American corporations. 

For example, Hedgeye noted that when Fartcoin’s market cap was at $560 million, it surpassed 38% of publicly traded U.S. companies. 

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

Leading up to December’s FOMC meeting, the new cryptocurrency was the subject of many jokes. Numerous TradFi investors humorously suggested that the Federal Reserve should resume its quantitative tightening if a token like this could achieve a billion-dollar valuation. 

Nevertheless, supporters are quick to highlight that Fartcoin is focused on community, with its developers having exited early and the meme coin being mainly promoted by enthusiasts. 

Such new meme coins often experience remarkable success, as shown by Fartcoin's recent price movements. 

While some investors worry about missing the chance to buy into the Solana meme coin, these concerns seem exaggerated, especially with its daily Relative Strength Index (RSI-14) sitting at 66, which is below the "oversold" threshold. 

In reality, meme coins can see their RSI climb to 90 before any market correction occurs during a bullish phase. 

Could Wall Street Pepe Be the Next Fartcoin?

Fartcoin's greatest asset is its strong community backing, and Wall Street Pepe (WEPE) shares a similar foundation.

WEPE has emerged as one of the hottest new crypto presales of 2024, amassing over $35 million in less than a month. To put it in perspective, this meme coin hasn’t even launched yet and already holds a higher valuation than the pre-Binance market caps of notable projects 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 offerings are entirely community-focused. Its primary aim is to challenge whale dominance in the meme coin market, providing a more equitable landscape for smaller investors. 

In line with this, all WEPE holders will soon become part of an exclusive circle, gaining access to cutting-edge market insights. Members might even discover the next 100x meme coin within this group, as they share knowledge and strategies with one another. 

Those holding WEPE are already reaping rewards from the project's presale staking pool, which currently offers a 37% reward rate. 

With a significant portion of its supply already secured in staking, savvy investors are optimistic about Wall Street Pepe’s growth prospects. Some even foresee the new crypto delivering returns as high as 100x. 

Visit Wall Street Pepe Presale

Disclaimer: This is a sponsored article and is for informational purposes only. It does not reflect the views of Bitzo, nor is it intended to be used as legal, tax, investment, or financial advice.