Not All Meme Coins Are Sinking: Bitcoin Plummets While CHEEMS and FARTCOIN Surge
Since April 2, Bitcoin’s (BTC) market valuation has fallen by more than $90 billion, while memecoins have fallen by $5.88 billion. With its decline to an all-time low of $7, TRUMP led the losses among well-known memecoins.
Even while the market as a whole is collapsing, some new coins are breaking the pattern. The most notable performance among high-cap memecoins is Fartcoin (FARTCOIN), which recorded a remarkable monthly gain of 131.96%. CHEEMS followed with a 72.72% increase.
Fartcoin and CHEEMS Defy the Bear Market with Explosive Growth!
Fartcoin has demonstrated remarkable durability, even if it is currently trading below its all-time high of $2.61. particularly as the overall state of the market is still unstable. Its 1D price chart also showed periods of strong accumulation. Fartcoin resisted the trend on April 6, when Bitcoin fell to a five-month low of $75k after breaking below its $80k support. It increased by 24.45% the following day.
On the other hand, despite a tumultuous cryptocurrency market, CHEEMS is still exhibiting unexpected momentum. CHEEMS has quietly gained pace thanks to rekindled community engagement and speculative optimism, whereas many cryptocurrencies find it difficult to win back investor confidence. The token outperformed numerous larger-cap meme coins and saw significant growth over the past month. Analysts are keeping a careful eye on CHEEMS to see if it can turn the fleeting excitement into long-term growth, given the rising trading volume and social media buzz.
New-Age Memecoins Emerge as Top Hedges Amid Crypto Market Chaos
Memecoins are typically the result of careful risk management in speculative markets. They offer high-yield chances due to their volatility, which makes them a desirable hedge during general market declines. As an example, the memecoin industry suffered a relatively small $5.88 billion decline in market capitalization, demonstrating its resiliency, whereas Bitcoin alone saw a $90 billion decline. This seems to support AMBCrypto’s argument that capital is shifting from languishing in older holdings to more recent, high-growth assets.
Interestingly, older assets did not appear to occupy any of the top ten positions. This is a significant change. The notion that newer memecoins are increasingly being chosen as the preferred hedge during volatility is supported by the active movement of capital into emerging, high-growth assets. Monitoring this trend could help identify the next major winners as capital moves.
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