In the dynamic world of cryptocurrencies, a new trend has emerged, where meme-based coins continue to grab the attention of investors and enthusiasts alike.
Two of the most notable names currently on the radar are Fartcoin and Bonk, both of which are making waves despite their unconventional names.
Fartcoin: Rising in Popularity
Fartcoin, currently ranked 62nd in terms of market capitalization, has gained a significant following. As of the latest data, it’s price stands at $1.06, reflecting a modest increase of 0.05% in the last 24 hours. The coin has seen a more impressive 18.27% growth in the past week. With a total market capitalization of $353,642,786, Fartcoin has amassed a supply of 332.77 million coins in circulation.
This surge in market value indicates that Fartcoin’s appeal is not just a fleeting trend but a coin that is slowly but steadily carving out its space in the market. Its rise can be attributed to the power of memes and community support, which have historically played a significant role in the success of similar coins.
Bonk: The Underdog Memecoin
In contrast, Bonk, which ranks just below at 63rd, is priced at a fraction of Fartcoin’s value—only $0.00001312. Despite this, Bonk has still managed to generate some noteworthy attention with a 1.34% increase in the last 24 hours and a more modest 5.34% increase over the past week. Bonk’s total market capitalization is $107,716,430, with an overwhelming 8.18 trillion coins in circulation.
Despite its relatively low price point and higher circulating supply, Bonk’s market cap remains impressive for a meme coin. Much like Fartcoin, it benefits from the strength of community involvement and the viral nature of its name and branding.
Kosta Gushterov
Reporter at Coindoo
Kosta has been a part of the team since 2021 and has solidified his position with a thirst for knowledge, incredible dedication to his work and a “detective-like” mindset. He not only covers a wide range of trending topics, he also creates reviews, PR articles and educational content. His work has also been referenced by other news outlets.
Source: https://coindoo.com/fartcoin-flips-one-of-the-biggest-meme-coins-in-market-capitalization/