What is Fartcoin (FARTCOIN)?

Fartcoin (FARTCOIN) is a meme coin on the Solana blockchain network that allows users to submit fart jokes and memes to claim tokens. Like most meme coins, it has no intrinsic utility or transactional value, as it was created to build an interactive and humor-filled community.

To create a humorous experience, Fartcoin has a playful but unique “gas fee” feature that produces a digital fart sound whenever a transaction is completed, often making users laugh out loud. While FARTCOIN might be seen as just a meme coin, it has an ambitious and engaging roadmap that features community-driven initiatives and even a fart-themed NFT collection.

Brief History

Fartcoin was created in October 2024. Its founding team remains anonymous, and its founder is not identifiable. Despite this, Fartcoin has continued to closely follow the path of popular meme coins like Dogecoin and Shiba Inu, building an engaging and playful community, gaining much popularity, and ranking among the first 500 coins, according to data from Coingecko.

Fartcoin is built around the AI worship culture and promoted by the concept of the Terminal of Truth. The Terminal of Truth is an AI chatbot developed by Andy Ayrey that merges artificial intelligence with memecoins.

Since Fartcoin is built around AI, it allows users to explore its boundaries, observe how AI interacts and performs in an open environment, and witness firsthand its impressive capabilities. Fartcoin has grown to attract much attention from users in the Web3 ecosystem.

Fartcoin Milestones

Ever since its launch on the Solana blockchain, Fartcoin has achieved lots of impressive milestones, notable among which are:

• Reaching a peak price of $0.4428 on November 21, 2024.
• Getting listed on notable centralized exchanges.
• Building a huge community of more than 16,000 followers on Twitter – an indicator that it is a community-driven project.
• Having a market cap of more than $180 million and a 24-hour trading volume of more than $50 million which are proof of its growing popularity and acceptance.

Fartcoin Vs. Shiba Inu Vs. Dogecoin

Comparison

Meme coins like Fartcoin are often compared with Dogecoin and Shiba Inu, the first to gain widespread popularity and acceptance in the crypto community. In comparing, let’s examine these meme coins’ objectives and purposes.

Dogecoin is the first meme coin to gain the attention of the crypto community at large. Billy Markus and Jackson Palmer, Dogecoin was created as a satire of cryptocurrencies like Bitcoin, to highlight blockchain technology.

Shiba Inu, often regarded as the Dogecoin killer, was created by an anonymous founder popularly known by the pseudonym Ryoshi. This coin aims to create a decentralized means of transferring value across the internet.

Shiba Inu also aims to promote inclusivity among users, providing a decentralized alternative to existing market options while possibly extending its relevance to decentralized finance.

Fartcoin was created to provide an entertaining and humorous way for users to interact with their digital assets, using its unique “farting” feature to produce a digital fart sound whenever a transaction is completed. “Tokenizing farts with the help of bots” is the project’s motto.

Blockchain

Fartcoin was launched on the Solana blockchain network. Since the Solana blockchain has a high throughput, processing more than 65,000 transactions per second, Fartcoin benefits from having fast transaction speeds.

Dogecoin, a fork of Litecoin, operates on its native blockchain, while Shiba Inu is a meme coin that runs on the Ethereum blockchain network.

Tokenomics

The tokenomics of a cryptocurrency helps us understand the economic model guiding the operation of such a cryptocurrency.

Fartcoin uses a meme-driven model focusing more on community appeal and engagement and less on utility. Its large supply of about 1 billion makes it easy for users to embrace and adopt.

Shiba Inu uses a deflationary model, where the total number of tokens decreases with time. Its ecosystem has three types of tokens: BONE, LEASH, and SHIB.

On the other hand, Dogecoin uses an inflationary model in which new coins are continuously mined. This model eliminates scarcity.

Utility

Fartcoin has no utility; it’s just for entertainment and humorous purposes. Dogecoin has limited utility, as it’s best used for tipping. This is largely due to its lack of specialized smart contract functionalities. Conversely, Shiba Inu has more utility value than most meme coins. Its tokens can be used for governance, staking, and speculative trading.

Community and Hype

While Fartcoin might not have as much popularity and adoption as Dogecoin and Shiba Inu, it is beginning to gain more popularity and acceptance in the crypto community. Many crypto enthusiasts have bullish expectations about it this bull season.

Pros and Cons of Fartcoin

Pros of Fartcoin

• Community-Driven: The key to Fartcoin’s success lies in its community-driven engagement and acceptance. Its community-first initiative makes it appealing to both Gen Z and the millennials, and the sporadic growth in its community is proof of this.
• Meme Appeal: Despite being a meme coin, Fartcoin takes humor and play to the next level. Its “gas fee” feature injects humor into blockchain transactions, making it a very appealing meme coin.
• Next-Level Innovation With AI: Fartcoin has a conversational AI framework known as the Terminal of Truth, which helps generate ideas and strategies for the Fartcoin project. This integration with AI engages the community and helps create interesting yet humorous content.

Cons of Fartcoin

• Limited Use Cases: Despite being launched on one of the most popular blockchains, the Solana blockchain, Fartcoin is still just for humorous and entertainment purposes, with no utility value. Hence, it does not leverage blockchain to solve any real-life problem.
• High Volatility: Like all other cryptocurrencies, Fartcoin is volatile. Its fluctuating nature can sometimes cause severe loss for users.

What is the FARTCOIN Token?

Source: Holderscan

FARTCOIN is the ticker symbol of Fartcoin’s token. With a market cap of more than $1.18 billion (as of December 25th, 2024) and a total supply of more than 1 billion tokens, Fartcoin has become one of the top 100 cryptocurrencies.

Data from Coinmarketcap reveals that 999 million FARTCOIN tokens are currently in circulation, with over 56,000 holders utilizing the Solana network. Fartcoin also has a few holders on the Ethereum and Binance smart chain network.

Data from Holderscan reveal that the top ten holders of FARTCOIN hold approximately 9.97% of the token’s total supply, and the top 100 holders hold 42.96% of the token’s total supply. This cramped token distribution gives the Fartcoin token a low distribution score of 2.57%.

Although it has no utility or investment value, as it was created for humor, it has experienced remarkable growth, with many having a bullish expectation about its performance in the future.

Will the FARTCOIN Token Surge Higher?

Fartcoin’s Price Trajectory | Source: Coingecko

Memecoins are very volatile. It’s almost impossible to predict accurately how a memecoin will perform in the long run. That’s why it’s hard to predict accurately how FARTCOIN will perform in the future.

Notably, the value of memecoins is often driven by speculations and community participation. As of December 2024, a majority of memecoins are bullish. Additionally, the crypto ecosystem is experiencing demand dominance, with the fear and greed index reaching the 80% mark as of 3rd December 2024.

With its peak of $0.4428 on November 21, 2024, and the bullish sentiments surrounding FARTCOIN, the new memecoin has the potential to surge higher. It is worth noting, though, that bullish sentiments could swiftly change.

Is Fartcoin (FARTCOIN) a Good Investment?

Investors are currently poised to be in the meme supercycle. For context, the meme supercycle refers to a period when meme coins outperform other sectors of the crypto industry.

Considering how much attention meme coins are starting to get, you might be considering investing in a meme coin like FARTCOIN. However, while meme coins may offer a high ROI for investors, you must also be aware that meme coin investments can sometimes be risky.

Nevertheless, what can help you make the right choice when it comes to investing in a meme coin like FARTCOIN? For one thing, you should study the hype and attention the coin is getting from the crypto community. Is it getting as much attention as it is supposed to? Or is it just some random coin that will disappear shortly?

By evaluating the longevity of the hype and how much attention the meme coin is getting, you’ll be able to make the right choice regarding whether to invest.

Also, check the strength of the meme coin community. Communities are what push meme coins. Is the meme coin community-driven? If a coin doesn’t have so much of a strong community backing it, the chances of it performing well will be minimal.

How to Own FARTCOIN

You can buy FARTCOIN from centralized and decentralized exchanges. Users can purchase FARTCOIN using SOL on various DEXs. On Gate.io, you can find the FARTCOIN/USDT trading pair on the Gate innovation zone.

Useful References

For the latest updates about Fartcoin (FARTCOIN), you can visit:

• Twitter
• Website