Fartcoin’s 1-month surge outpaces Nvidia stock’s yearly gain
Fartcoin’s 1-month surge outpaces Nvidia stock’s yearly gain 
Cryptocurrency Dec 19, 2024 Share
Back on November 20, semiconductor leader Nvidia (NASDAQ: NVDA) released its Q3 FY 2025 earnings report. It showed that, like in most recent quarters, the Jensen Huang-led venture saw meteoric growth and expansion.
However, the markets were not satisfied. Nvidia stock has been on a pretty lengthy and strong rally for two years now — and after such impressive capital appreciation, it becomes increasingly hard to impress investors, who cannot be blamed for locking in their profits.
On a year-to-date (YTD) basis, NVDA stock has seen prices increase by 163.07% to $130.28 at press time.
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NVDA stock price YTD chart. Source: Finbold
In tandem with these events, as the United States presidential elections were concluded in early November, the cryptocurrency market entered a bull run. While leading digital assets saw huge gains, altcoins and, in particular, meme coins, are the biggest winners of this surge thus far.
The disparity between the returns of even the strongest equities and humorous cryptocurrencies can be quite staggering. Case in point — over the last 30 days, Fartcoin (FARTCOIN) has outperformed Nvidia’s yearly returns — and the gains aren’t even particularly close.
Let’s take a closer look at how a bit of blue humor blew away the linchpin of the artificial intelligence revolution.
Fartcoin’s 275% monthly returns blow away Nvidia’s 163% YTD gains
FARTCOIN was actually conceived by Truth Terminal, an artificial intelligence model. Inspired by the AI’s output, enterprising developers created the meme coin — soon enough, people began to send donations to Truth Terminal’s wallet, making it the largest holder of Fartcoin.
With each transaction, a ‘gas fee’ is paid — and the sound of flatulence follows suit soon after. Apparently, that was enough to send FARTCOIN prices skyrocketing from $0.2959 to $1.11 — a 275.12% surge in just thirty days that has taken its market cap above the $1 billion mark.
Fartcoin price monthly chart. Source: CoinMarketCap
This rally isn’t showing signs of weakness, either — in fact, trading volume has increased by 125.46% in the last 24 hours, while the total market capitalization of FARTCOIN has grown by 29.10% in the same timeframe.
As impressive as this surge has been, traders who are just now catching wind of Fartcoin should exercise caution — after such sudden moves to the upside, meme coins have a tendency to deflate.
Featured image via Shutterstock
