Fartcoin Surges 20%—Can It Really Hit $100? (Price Analysis)
Another day, another meme coin defying gravity—Fartcoin rockets 20% as degenerate traders pile in. But is this pump sustainable, or just another crypto fart in the wind?
Breaking down the charts: Technicals show a bullish breakout, but liquidity pools look thinner than a VC’s patience during a bear market. Key resistance at $80 could make or break the rally.
Let’s get cynical: If Fartcoin hits $100, it’ll be because some hedge fund manager’s kid convinced dad to ’diversify into Web3.’ Meanwhile, retail bags get heavier.
Fartcoin Pumps 20% – Is $100 Really Possible? (Price Prediction)
Looking at Fartcoin’s chart, its momentum has exploded in the past few hours, yet it still has some more space to rise further, before correcting.
For instance, its relative strength index (purple) has just touched 70, yet it won’t be until it spends a few days in this region before we can say that buying has heated up too much.
Having said that, this point will likely come sooner rather than later, given that the token’s 30-period average (orange) has been above the 200-period average (blue) for over a month now.
This signals that a correction is in order, although it’s interesting to note that the 30-period has begun rising again in the past few hours, so any decline may not happen for a day or two.
We still don’t see any sign of whales sending Fartcoin to exchanges in order to sell, with the latest big transfers involving purchases.
A smart trader who made $4.9M on $Fartcoin spent 563K $USDT to buy 488K $Fartcoin again in the past hour and now holds 2.12M $Fartcoin ($2.48M).
This trader first aped into $Fartcoin when its market cap was $32M, making $4.9M by buying low and selling high.… pic.twitter.com/pTuUvewFnL
It may therefore be a few days before the coin suffers a significant slide, yet its medium- and long-term trajectory remains positive.
Most analysts expect the US to complete trade deals with other major economies in the coming weeks, boosting market positivity further.
This will help lift Fartcoin’s price, while the token will also gain strength from its own status as a relatively decentralized meme coin, given that it has no team members to rug traders.
As such, it’s likely to remain the meme coin of choice for many whales and retail traders for some time to come, pushing its price higher.
It could reach $1.50 in a matter of weeks and $10 by Q4.
And if momentum snowballs alongside broader meme coin mania, even the $100 mark may not be out of reach.
Alternative Altcoins with Strong Fundamentals
For anyone worried that Fartcoin’s lack of fundamentals makes it too risky, there are other, newer alts that come with more utility and arguably a better chance of having a longer shelf life.
Of course, identifying such tokens early is tricky, but one way to do this is to look for the biggest presales, which can often end with big listing rallies.
One token with a good chance of rallying once it lists is layer-two network Solaxy (SOLX), which has now raised an incredible $34 million in its sale.
Dive into the world of Solaxy.
Speed. Scalability. Security. $SOLX has it all.https://t.co/mdaTX9aVVx pic.twitter.com/HbMgVnSoIs
Launching soon, Solaxy is Solana’s first ever layer-two network, providing low transaction fees and high speeds.
Solaxy will provide instant bridging itself and Solana, while also enabling users to avoid the delays and congestion that can still impact solana from time to time, even with recent upgrades.
Its native token SOLX will pay for transaction fees, meaning that it could attract lots of demand if Solaxy gains significant adoption.
Holders will also be able to stake it, meaning they can earn a regular income from the token.
Solaxy is aiming to tap into Solana’s massive meme token market, and to provide an outlet to high-frequency traders looking to trade with a minimum of friction.
It could therefore grow very big, with investors able to join its sale at the Solaxy website.
SOLX is currently available at $0.001718, although this price will increase later today, so you should act quickly.