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Mustafa Mulla
Mustafa Mulla
Author
Mustafa has been writing about Blockchain and crypto since many years. He has previous trading experience and has been working in the Fintech industry since 2017.
- Jan 04, 2025 04:20 UTC
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Solana Meme Coin Fartcoin Explodes 70%: Can It Hit $2 Next?
Solana-based meme coin Fartcoin surges 70%, hitting an all-time high of $1.60.
Fartcoin's value skyrocketed 700% in a month, reaching a $1.48 billion market cap.
Analysts predict Fartcoin could hit $2 if it breaks resistance at $1.67.
Meme coins have taken the crypto world by storm, delivering massive returns in record time. But now, a new contender has emerged that’s turning heads. Meet Fartcoin, a Solana-based AI memecoin that’s making waves with a jaw-dropping 70% rally this week. It hit an all-time high (ATH) of $1.60, sparking excitement among investors.
However, while the hype is undeniable, some analysts are speculating that a price correction might be just around the corner.
So, what’s next for this meme coin that’s capturing so much attention? Let’s dive in.
What Makes Fartcoin Different?
Fartcoin is known for its fun branding and connections to viral internet trends. While it doesn’t have standout features like some other tokens, it has built a loyal community and is gaining attention as a Solana meme coin. Its price performance, however, has been exceptional.
Since launching in October, Fartcoin’s value has jumped by 700% in just one month, pushing its market cap to $1.48 billion.
Fartcoin’s rally has been fueled by increasing market interest. Coinglass data shows a 22% rise in Open Interest (OI) this week, bringing it to $182.4 million. This increase in interest is a major factor behind the recent price surge.
AI Meme Coins Are Taking Over
While traditional meme coins like DOGE and SHIB are struggling to reclaim their former success, new tokens like Fartcoin and AI16Z are starting to take over. AI16Z, another Solana-based token, saw an impressive 176% price surge in just one week, bringing its market cap to $2.17 billion.
Currently, Fartcoin is the fifth-largest AI meme coin on the Solana Network. If the bullish trend continues, it could soon join AI16Z in the $2 billion market cap club. Other AI-driven tokens like Freysa AI (up 93%) and Zerebro (up 82%) are also making strong gains.
- Also Read :
- DOGE Whale’s $145 Million Bet on Dogecoin, What’s Next?
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Can Fartcoin Reach $2?
Fartcoin has grown an unbelievable 2,960,840% in the last three months fueling investor confidence. Analysts believe the token could reach $2 if it continues to break key resistance levels around $1.67.
However, its current position above the Bollinger Bands Indicator suggests it may be overbought, indicating a potential price correction. And, if buyers stay strong, the token might reach $2. But if selling pressure grows, its price could drop to $0.53
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Fartcoin’s explosive rise has made it one of the hottest meme coins in the market. Whether it can maintain its momentum remains to be seen, but it’s clear that the crypto world is paying attention.
FAQs
If Fartcoin breaks key resistance at $1.67, it could reach $2, but it may face price corrections if overbought conditions persist.
Fartcoin’s market cap reached $1.48 billion after its impressive rally, making it one of the top meme coins on the Solana blockchain.
Fartcoin’s price is volatile, and while it shows potential, the overbought condition may lead to a price correction before further gains.
Yes 
No 
