Solana Meme Coin Fartcoin Hit ATH With 70% Gain: Will It Hit $2 Next?
Post Solana Meme Coin Fartcoin Up 70%, Hits ATH: Is $2 Next? first appeared in Coinpedia FinTech News
Meme coins have taken the crypto world by storm, offering huge returns in a short period of time, and Solana-based AI memecoin Fartcoin is the latest to attract attention. This week, fart coins After a massive 70% surge, it hit a new all-time high (ATH) of $1.60. Despite the excitement, some analysts are predicting a pullback before the next big move higher.
FAT breaks new ATH
Known for its humor-driven brand and connection to viral trends, Fartcoin stands out as the Solana meme coin with a loyal community. Although it doesn’t have outstanding features, its price/performance ratio is excellent.
The token’s value has soared since its launch in October, growing 700% in just one month to reach a market capitalization of $1.48 billion.
Add motivation, coin glass data display Fartcoin’s open interest (OI) surged 22% this week to $182.4 million. This influx of interest has been a key driver of recent price increases.
AI Meme Coins Are Taking Over
As traditional meme coins like DOGE and SHIB strive to regain their past success, newer tokens like Fartcoin and AI16Z are gaining traction. AI16Z is another Solana-based token that has surged 176% in price in a week and now has a market capitalization of $2.17 billion.
Fartcoin is currently the fifth largest artificial intelligence meme coin in the world Solana NetworkIf the bullish trend continues, it could join AI16Z in the $2 billion market capitalization club. Other artificial intelligence-themed tokens such as Freysa AI (up 93%) and Zerebro (up 82%) have also seen strong growth.
Can FAT reach $2?
Fartcoin has grown an incredible 2,960,840% in the past three months, boosting investor confidence. Analysts believe that if the coin continues to break above key resistance near $1.67, it could reach $2.
However, its current position above the Bollinger Bands indicator suggests that it may be overbought, indicating a potential price correction. Moreover, if buyers remain strong, the coin may reach $2. But if the selling pressure increases, its price could drop to $0.53
