Meme Coins Dominate the Cryptocurrency Market Rally, with SPX6900 and Fartcoin Leading the Charge

Parody coin SPX6900 emerged as the market's top performer, rallying over 66% in the last seven days.

Surprising Meme Coins Lead Crypto Market Rally As Bitcoin, Ethereum Kick Off 2024 With Gains

The cryptocurrency market saw a substantialവലি last week, with some unconventional meme coins taking the lead over the market heavyweights.

Parody coin SPX6900 emerged as the market's top performer, rallying over 66% in the last seven days. Available on both Ethereum (CRYPTO: ETH) and Solana (CRYPTO: SOL), the cryptocurrency hit an all-time high of $1.55 on Sunday.

The coin, which aims to surpass the market capitalization of the mammoth S&P 500 index, was also 2024's second-biggest gainer, returning a staggering 10,795% to its investors.

Fartcoin was the second-best performing cryptocurrency, surging 64% over the previous week. The Solana-based coin hit an all-time high of $1.52 earlier this week, marking a rather eccentric journey from giggles to gains.

AIOZ token, belonging to the AIOZ Network, gained an impressive 39.35%, implying a market for technology-driven cryptocurrencies as well. AIOZ Network operates on a blockchain that supports Web3 storage, decentralized AI computation, and video streaming.

Blue-chip currencies also marched upward, marking a good start to 2025. Bitcoin (CRYPTO: BTC) gained 6.51% while Ethereum, the second-largest cryptocurrency, rose over 8% over the week.

Dogecoin (CRYPTO: DOGE), XRP (CRYPTO: XRP), and Cardano (CRYPTO: ADA) were the biggest gainers in the large-cap category, surging 21.78%, 15.56%, and 21.78%, respectively.

Overall, the total cryptocurrency market capitalization rose 7.3% over the week to $3.52 trillion.