Fartcoin Increased by 12,000% During the Market Correction: Which Meme Currency Could Also Prosper?

Key Takeaways:

• Meme cash experienced a growth of 2,200% in 2024.
• Meme cash lead crypto discussions, with average trading volumes of $792 million per asset, significantly exceeding other sectors such as Layer 1.
• The value of Fartcoin surged nearly 12,000%, drawing attention from serious investors.

Meme cash were at the forefront in 2024, but while some flourished, many others quickly diminished. Which meme cash managed to endure the recent market correction?

According to CoinGecko, meme cash were identified as the second most profitable crypto category in 2024, with a market increase of approximately 2,200%. The AI sector surpassed them, achieving a 2,940% rise.

Source: CoinGecko

Unlike AI tokens, which have recently gained traction and achieved such results for the first time, meme cash have been a long-standing favorite in the crypto landscape.

The appeal is evident—meme cash can undergo rapid price increases, providing traders the opportunity for 100x returns if they invest early.

However, these tokens often have a brief lifespan, typically lasting only a few months or less.

Fartcoin Surges Nearly 12,000% in Just a Few Months

While numerous meme cash have struggled to maintain their all-time highs (ATH), Fartcoin (FARTCOIN) has bucked the trend, achieving significant growth. From its low of $0.02003 on October 30, 2024, to its ATH of $2.40 on January 19, 2025, the price increased by approximately 11,882%.

FARTCOIN reached its ATH during Donald Trump’s inauguration as U.S. President. Simultaneously, other meme cash, including Official Trump (TRUMP) and Melania Meme (MELANIA), also generated notable gains in the crypto market.

Source: TradingView

The dramatic rise in FARTCOIN’s price has garnered attention from prominent investors. According to Stalkchain, on January 19, FARTCOIN became the most purchased token among large players, with $5.62 million in trading volume in a single day.

#fartcoin is the most bought token by smart money in the last 24 hours pic.twitter.com/AzUclo0MJD

— Stalkchain (@StalkHQ) January 18, 2025

Altcoin Sherpa suggests that FARTCOIN may retrace to the $1.30 level before continuing its upward movement.

Using this fib for the cex charts for #Fartcoin but perhaps $1.70 and $1.35 (if it gets that low) would be great buys. pic.twitter.com/Gc0XEGCTal

— Altcoin Sherpa (@AltcoinSherpa) January 20, 2025

Will Pepe Rise Above Its All-Time High?

Pepe (PEPE) ranks among the top meme cash by market capitalization, holding the 4th position with a valuation of $6.5 billion. Built on Ethereum (ETH), it is one of the leading meme cash on this blockchain, second only to Shiba Inu (SHIB).

Source: CoinGecko

Pepe has weathered the recent market correction relatively well compared to other meme cash. On December 9, 2024, its price reached an all-time high of $0.00002803.

As of January 22, PEPE has declined approximately 44% from this peak and is currently valued at around $0.000016.

Source: TradingView

According to crypto trader Reetika, PEPE must maintain the $0.0000149 support level to continue its upward movement. If this level is breached, the price may decline further.

Looking to buy a lot of $PEPE spot for the first time since summer 2023 in this red box.
I think we have a couple of weeks of chop ahead of us on it, so will buy slowly unless it starts to bounce hard.
Targeting multiples higher.
Lose the box and weekly trend and I’m out pic.twitter.com/hsESCmaeyz

— Reetika (@ReetikaTrades) January 21, 2025

Trader Michael indicates that PEPE remains in a downtrend. He believes the coin needs to decline further before a recovery to the $0.00002 level becomes feasible.

$PEPE Update:
Still in the falling wedge
Needs to break the yellow trend-line and then the wedge resistance at 0.00002 to trigger the rally to new ATH pic.twitter.com/mE7kkkomhk

— Crypto Michael (@MichaelXBT) January 20, 2025

Bonk Remains Stable While Other Solana Meme Cash Struggle

Bonk (BONK), one of the top 10 meme cash by market capitalization, has demonstrated relative stability despite challenges in the broader Solana (SOL) meme coin market. Launched in December 2022 on the Solana blockchain, BONK can be regarded as an established player in the field.

Many Solana-based meme cash have encountered significant corrections since December. For instance, Popcat (POPCAT), once a leading Solana meme coin, has fallen nearly 80% from its all-time high.

On November 17, 2024, POPCAT reached $2.05 but has not exceeded this level since.

BONK has also undergone a correction, with its price declining 50% from its previous ATH. On November 20, it peaked at $0.00005825; as of January 22, it traded around $0.000032.

In contrast to POPCAT, which has lost approximately 50% over the past 30 days, BONK’s price has remained relatively stable throughout January.

Source: CoinMarketCap

According to crypto trader Doc, traders may accumulate BONK soon. If it can recover to $0.000035, Doc suggests the price could rise further.

$BONK – Markup, markdown, accumulation. Repeat
Reclaim the “bonk man was right” level and we send again imo pic.twitter.com/kldd1p6eSI

— Doc (@docXBT) January 17, 2025

What Are the Prospects for Meme Cash in 2025?

Meme cash emerged as one of the fastest-growing sectors in the crypto market last year. Despite lacking inherent utility, they outperformed other segments.

Projects like Moo Deng (80% drop from ATH), Peanut the Squirrel (85% drop from ATH), and Just a Chill Man (89% drop from ATH) experienced significant growth before sharp corrections.

While these initiatives may be considered defunct, they provided notable returns during their peak popularity. However, the meme coin market evolves rapidly and is unlikely to appeal to long-term investors.

Despite volatility, meme cash continue to be the leading crypto narrative by trading volume.

Source: Dune

According to Dune, the average trading volume per meme coin is $792 million. In comparison, the second-largest narrative, Layer 1 (L1), has an average volume of $129 million per asset.

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