The correlation between stocks and crypto appears to be showing no sign of slowing down soon

This article explores the relationship between the cryptocurrency market and the stock market, focusing on meme coins like Fartcoin and SPX6900

The correlation between stocks and crypto appears to be showing no sign of slowing down soon, with popular meme coins like Fartcoin and SPX6900 leading a fresh wave of momentum.

Over the past couple of weeks, both meme coins have continued to grab headlines with their strong technical performance, moving much in line with the recent resurgence seen across TradFi markets.

Take SPX6900 for instance. A meme coin embodying a satirical style associated with the traditional financial ecosystem, SPX has been displaying head-scratching bullish strength since the de-escalation of the U.S vs China trade war, which handed a much-needed respite for the stock, bond and crypto markets.

The SPX6900 price has rallied by more than 50% since its local bottom late last month, trading as high as $0.7 on Monday before a slight pullback.

Fartcoin, on the other hand, is also gaining heavy attention, particularly in the TradFi space, thanks to its outperformance during the recent macroeconomic turmoil that plunged “perceived” low risk assets such as the S&P 500 into their lows.

Unsurprisingly, FARTCOIN coin has been the strongest-performing crypto asset since the market’s bull run returned, rallying by nearly 60% since its local bottom in early May—much to the chagrin of TradFi purists.

Some analysts even compared it to Gold and bonds — instruments that displayed strength during previous market crashes.

While the Solana meme coin has formed bearish divergence in the daily timeframe, trading at $1.17 at press time, prominent analysts still believe the best is yet to come.

Are both meme coins the best buys for the next stock bull run?

FARTCOIN & SPX6900 — How These Two Meme Coins Show Resilient During Market Uncertainties

At the time when other meme coins were experiencing multiple ups and downs late last year, with some even crashing from their recent highs, two meme coins—Fartcoin & SPX6900—shocked the financial landscape with their explosive debuts.

Fartcoin—a meme coin based on fart jokes deliberately mocking the traditional finance landscape—rocketed past the $1 billion market cap threshold within a few months—a feat that took almost eight years for Dogecoin to achieve.

In fact, at its peak, its market valuation, according to an investment research platform Hedgeye, was greater than 38% of all American publicly-traded companies, underscoring the level of growth that greeted the meme coin at its earliest stage.

This impressive performance made Fartcoin a subject of discourse, particularly in the TradFi market. Then, CryptoHornHairs, a popular trader and analyst shared screenshots of TradFi accounts tweeting about the meme coin from time to time, saying only Bitcoin has had the level of attention seen with Fartcoin.

You’ll see tradfi accounts tweet about Bitcoin from time to time, rarely ever any altsBut now we see tradfi accounts blasting out 3 tweets in a row about fartcoin No other coin has had this effect pic.twitter.com/vDDTsqkJOZ

Unsurprisingly, FARTCOIN amassed a bigger following of holders amused not only by its juvenile humor but also by its early success. A few months ago, prominent crypto analyst CRG called it the “ultimate crypto risk on/off barometer.”

Meanwhile, given its significant investor base, the meme coin has continued to retain its position among the strongest crypto assets, demonstrating bullish strength, regardless of the market outlook. It was among the few crypto assets that defiled the global financial meltdown that happened between March and April due to Donald Trump’s trade war.

Then, even Bloomberg analyst Eric Balchunas was curious about the token’s performance, saying “Fartcoin up 8% again today. Literally everything is down, even treasuries and gold. Bitcoin and Ether both in the gutter. Can someone explain this?.”