Fartcoin, a popular meme coin, has seen a significant decline of nearly 28% over the past week, bringing its total drop to 75% from its all-time high of $2.48. According to prediction market users on Myriad, there is a bleak outlook for the token, with only a 20% chance of it reaching a new all-time high this year. This marks a decline from a previous estimate of 33% at the beginning of September. Fartcoin was initially launched in October 2024 and garnered significant attention, especially after being mentioned on a late-night talk show. However, its recent performance reflects a broader downturn in the meme coin market, which is currently down 7.6% in the last 24 hours. Competitors like DOGE and PENGU are also facing challenges, suggesting a tough environment for meme coins.

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