The US Federal Reserve announced a 0.25% interest rate cut yesterday. However, its hawkish tone has negatively impacted the cryptocurrency market. In the last 24 hours, the meme coin market has seen a decline of 9.3%. At the time when various crypto markets were struggling due to the sudden shift in market sentiment, a Solana-based meme coin, Fartcoin, achieved a significant milestone. Dive in for details! 

Fartcoin’s Record-Breaking Market Cap 

Fartcoin, a new entrant in the meme coin market, recently achieved an impressive milestone of a $1 billion market cap. The performance helped the meme coin to enter the list of the top ten meme coins by market cap. 

Now, with a market cap of $1,051,271,885, Fartcoin remains the ninth largest meme coin. This meme coin has experienced an astounding growth of 108.6% in the last seven days; it has outperformed almost all the other top meme coins, including Dogecoin, Shiba Inu, Pepe and Bonk. 

In the last one hour, it has surged by over 4.9%. 

Fartcoin Market Cap: Ups and Downs 

In late October, the market cap of Fartcoin was just $77,362,059. On November 22, it reached a peak of $428,851,509. On December 3, it slipped to a low of $156,354,644. However, since December 8, the market cap has grown sharply. 

Soon after achieving the milestone, Fartcoin’s market cap plummeted to $714,713,686. However, it swiftly rebounded back to above the $1 billion market cap level. At the time of writing, the Fartcoin market cap stands at around $1,051,271,885. 

Reports suggest that at least 47,000 holders have joined the Solana-based meme coin project in the last 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 to exponentially grow its popularity. As per reports, meme-driven discussions in these chat rooms created a snowball effect of interest and adoption. 

In conclusion, Fartcoin’s rise highlights the power of memes and community in driving crypto adoption. 

Earn more CFN tokens by sharing this post. Copy and paste the URL below and share to friends, when they click and visit Parrot Coin website you earn: https://cryptoforum.news0

CFN Comment Policy

Your comments MUST BE constructive with vivid and clear suggestion relating to the post.

Your comments MUST NOT be less than 5 words.

Do NOT in any way copy/duplicate or transmit another members comment and paste to earn. Members who indulge themselves copying and duplicating comments, their earnings would be wiped out totally as a warning and Account deactivated if the user continue the act.

Parrot Coin does not pay for exclamatory comments Such as hahaha, nice one, wow, congrats, lmao, lol, etc are strictly forbidden and disallowed. Kindly adhere to this rule.

Constructive REPLY to comments is allowed