Fartcoin Rockets?! You Won’t Believe Why! 🚀

by

Right then, gather ’round, because the sort of financial shenanigans that’d make even Vetinari raise an eyebrow are afoot. Seems like those memecoins – yes, the ones that are mostly held together by hopes, dreams, and the occasional viral cat video – have gone a bit bonkers. We’re talking about FARTCOIN, POPCAT, and MOG. Honestly, the names alone should tell you everything you need to know. 🤪

Apparently, these digital trinkets saw gains strong enough to make a dwarf blush after some bloke named Donald Trump (never heard of him) decided to ease up on his tariff tantrums. This, naturally, sparked a market rally, because nothing says “stable investment” like basing your financial decisions on the whims of a politician. 🙄

According to those number-crunching goblins at CoinGecko, Fartcoin (yes, still sniggering) shot up by 43.5%, reaching a market cap of $731 million. One can only imagine the sort of serious, dignified boardroom meetings that led to *that* valuation. Popcat (POPCAT), Ket (KET), and Mog Coin (MOG) weren’t far behind, jumping 28.6%, 26.2%, and 24.1%, respectively. It’s enough to make you wonder if the entire economy is now run by a particularly clever parrot with a fondness for internet memes. 🦜

Even the bigger, slightly-less-ridiculous names like Dogecoin (DOGE) and Shiba Inu (SHIB) saw a boost. DOGE went up 9.5%, SHIB gained 10.5%, and PEPE climbed 9.5%. Overall, the memecoin market surged 10.6% in the last 24 hours, bringing the total market cap to $46.8 billion. That’s a lot of money for something that, let’s face it, is essentially digital Beanie Babies for grown-ups. 🧸

The whole shebang started after Trump announced, via something called “Truth Social” (honestly, where do they get these names?), that he was pausing his aggressive tariff policies for 90 days. He’s also temporarily lowered the reciprocal tariff to 10% while trade talks continue. Because nothing calms down international tensions like a temporary discount. 🤝

Just a week earlier, Trump had slapped a universal 10% tariff on all imports and planned to hike tariffs on goods from 57 countries starting April 9. Despite yesterday’s pause, tariffs on Chinese imports did go up to 125%, adding more tension between the U.S. and China. It’s all very complicated, and frankly, I’d rather be wrangling trolls in a brewery. 🍺

That said, China’s Commerce Minister, Wang Wentao, said they’re open to resolving things through negotiations, which gave investors some relief. This has brought relief to investors who have taken a risk-on sentiment as the Crypto Fear and Greed Index went up ten points to 25. So, basically, everyone’s still terrified, but slightly less so. 🤔

Memecoins rallied alongside Bitcoin (BTC), which has continued to act as the dominant market force with a 62.6% market share as it climbed past $83,000, while Ethereum (ETH), the largest altcoin, climbed back above $1,600. The total crypto market cap recovered 5% to $2.68 trillion in the same period. It’s all numbers, really, and I suspect even the gnomes in the Ankh-Morpork bank are starting to get a bit lost. 🏦

Still, with Bitcoin dominance holding strong, most analysts agree that a true altcoin season, where capital rotates into altcoins and memecoins see sustained, independent rallies, won’t begin until BTC starts to lose its grip. So, for now, it’s mostly just a lot of excited shouting and frantic clicking, with the occasional small fortune being made or lost. Business as usual, then. 🤷

Read More

2025-04-10 10:34