In a market where “serious” cryptocurrencies like XDC Network or XRP struggle to stand out, the memecoin called Fartcoin (FARTCOIN) has led the weekly increases, registering an increase of more than 50%.
Its popularity, fueled by the rise of memecoins generated by artificial intelligence (AI), illustrates how humorous trends can influence the digital financial space.
In the last week, FARTCOIN price went from $1.2 to $1.5before stabilizing at $1.38 at the close of the day, as seen in the following chart. TradingView.
This increase represents a growth of 60% in just seven dayswhich raised its market capitalization to $1.39 billion.
The name of this cryptocurrency combines the English word “fart” with “coin”, reflecting its humorous nature.
FARTCOIN belongs to the segment of memecoins, cryptocurrencies created to pay tribute to Internet jokes, political figures or even abstract concepts. Although they often lack practical utility, these currencies attract speculators seeking quick profits in a highly volatile market.
FARTCOIN surpasses XDC and XRP
FARTCOIN’s growth has been notable, to the point of temporarily surpassing targeted cryptocurrencies like XDC Network (XDC), which specializes in the tokenization of real-world assets, which reached an increase of 45%in the last 7 days.
The same thing happens with XRP, issued by Ripple, which recently reached a new all-time high on some exchanges, reaching $3.31. This had an increase of 43%, in the same period, according to CoinMarketCap data.
Binance Listing Rumors
A possible catalyst for FARTCOIN’s recent rise is speculation that it could be listed on Binancethe largest cryptocurrency exchange in the world.
The AIXBT artificial intelligence agent suggested that the coin has reached key metrics for inclusion, while analyst Kale Abe stood out Binance’s trend of listing AI-related memecoins.
Last week, Binance added three artificial intelligence-based memecoins: AIXBT, CGPT and COOKIE, which experienced significant increases after being listed on the platformas reported by CriptoNoticias.
Market context
The price of bitcoin (BTC) exceeds $100,000while there are high expectations about the upcoming presidential inauguration of Donald Trump in the United States and what this means for digital assets. This has also allowed for an increase in the price of the rest of the crypto assets..
The FARTCOIN case shows how the dynamics of the cryptocurrency market allow atypical assets to gain prominence. While its value may be ephemeral, this trend highlights the impact of narratives and speculation in an ever-evolving financial ecosystem.