Cronje’s tease ignites Fantom memecoin frenzy

Andre Cronje, a founding father and core subsistence hacker in Fantom, suddenly caused an outburst of social mass within the crypto community, projecting that memecoins could have a decent room on the Fantom blockchain. This mention is a forward-looking signal that suggests the emergence of a new scaling stage with low transaction charges and high throughput—the well-known space with witty patterns.

According to reports, the Fantom team is already in the final stage of due diligence tests for memecoins. The aim is to establish a framework that enables their smooth integration into the community’s ecosystem. This project aims to support the ecosystem with memecoins that sustain assures and can prosper.

The discussion began with a question from an X user, Beastlorion, who looked into the matters of $SOLID and $TOMB coins, meme coins, which may appear in the future. He specified that these projects are not regarding the usual memecoin genre, implying that the Fantom platform might hold a different typology of memecoins.

This declaration follows when memecoins are booming across different blockchains, thereby attaining substantial market cap and value. This period marks Solana’s WIF rise, with the currency climbing by 24% to approximately $2.65 and a 24-hour trading volume reaching $455 million. Having acted like this, WIF has hit the mark of $3.62, 8.63% higher than the previous day.

Meanwhile, BONK, a memecoin that has also gained popularity, hit a new all-time high, rising 13% in mid-March to trade at $0.00003366, equivalent to the $2.2 billion market cap. Regardless of the ups and downs, it continues to advance in a positive trend. Other memecoins, such as Shiba Inu (SHIB) and Pepe Coin (PEPE), help reinvigorate this crypto space subsector.

The track record of memecoins on other platforms like Solana and more shine on Coinbase’s Base reflected on the huge increases in both the TVL and transaction volumes, indicates that this is a good decision for Fantom and that they stand to gain if they adopt memecoins. This action could bring Fantom in with the best-performing blockchains, allowing their overall ecosystem to become even more virile and beneficial for growth and engagement.

With the cryptocurrency ecosystem constantly evolving, the willingness of the Fantom blockchain to incorporate the memecoins reflects a pragmatic choice to capitalize on trends that open up the platform for more diversity and popularity. Having cross-platform compatibility, good scalability, and efficiency, Fantom’s entry into the memecoin market may lead to another significant achievement as the decentralized blockchain ecosystem becomes more open and dynamic.

Roxanne Williams

Roxanne Williams has recently joined as a market reporter for CryptoNewsZ - the 24/7 crypto news site, where she produces recent stories, technical analysis and price updates on world's leading cryptocurrencies.

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