April-a month characterized by extreme market volatility-intensified tensions in the US China and a wide sale in global markets that led to panic sales of almost all asset classes.
In the midst of the chaos, one of the most unlikely winners came out of the strange depth of the crypto market: speedcoin (speed).
The Solana-based Memecoin has gathered almost 90% in the last week and approx. 300% over the past month, leaving traditional assets and much of the crypto market-long afterwards.
In comparison, Bitcoin (BTC) – the largest and most established cryptocurrency – has been fairly flat over the past week and month, while more risky altcoins such as Ether (ETH), Solana (Sun) and XRP are in the red one. Meanwhile, the technical-heavy NASDAQ 100-index slipped about 2% over the past week and is down almost 5% during the month as rising bond yield and geopolitical tensions weigh risk assets.
It has even surpassed gold, which has recently hit a high time that is high -powered by demand for a safe haven and got 6.5% in a week and up 12% in a month.
“Fartcoin’s absurdly better than the perfect metaphor for this market,” Kirill Kretov, trading automation expert at Coinpanel, said in a telegram message. “A joke wrapped in volatility in which escalating US-China tariffs makes ‘rational’ trade in a fantasy.”
What speedcoin’s increase means for cryptos
In design, Memoin’s Cryptocurrencies are absorbing an extreme corner of the crypto market. Unlike more established digital currencies, they have no benefit or scarcity. These tokens, like Fartcoin, are unpainted, driven largely by social media hype, online communities and the momentum for short-term dealers.
Read more: Crypto for advisers: MEMECOINS
Launched in October, Fartcoin quickly gained prominence as one of the tokens that was propagated by Truth Terminal, an autonomous artificial intelligence (AI) agent created by Andy Ayry, and became a viral hit in the middle of the Crypto-ai Speculative wave powered by launchpad pump.fun. Popularized with joke community slogans such as “Hot Air Rises” and “Billions Must Spell”, Tokens Market Capital swelled from zero to just shy at $ 2.5 billion in mid-January.
Then it all came along with the crypto market like Donald Trump’s inauguration, and the Trump token launch marked the peak of speculative foam. Speed, similar to other small and risky cryptocurrencies, over 90% tumbled to a market value of $ 200 million by March. But then tied it out and has staged a staggering comeback and became one of the best tokens in the sector for digital assets.
What makes Fartcoin’s rally mute is that it completely decouples from other speculative memcoins. Since Fartcoin has already quadrupled in price, other prominent meme -tokens such as Dogecoin (DODE), PEPEOIN (PEPE), DAGWIFHAT (WIF) and Trump became tossed near their low.
“I have never seen such relative strength under macrous relations and no signs of expensive spirits for altcoins,” said pseudonym Crypto -business Smiley Capital, who has received a significant consequence for his blunt comment. “It requires a special kind of retardation paired with conviction to simply size up in an asset named Fartcoin, while the global economy implodes.”
Tokens better than being an early signal of risk-in-mood that returns to markets-in the smallest in the middle of crypto traders-after last week’s extreme fears, Smiley Capital speculated.
“It’s also a barometer and front runner for wider risk assets,” he pointed out. “It’s a statement that most of you are not ready to hear yet or even understand.”
Whether the unpredictable and absurd nature of the new economic order is highlighted by the speed of Fartcoin or just another chapter in the Memecoin market is yet to be seen.
But Fartcoin’s amazing rally, which surpasses most of the asset classes, acts as a reminder that virality often trumps fundamentally on the current market, no matter how absurd it may sound.
Read more: Trump Token Pops 12%after the US president calls it ‘the biggest of them all’
