As crazy as it sounds, Fartcoin is approaching the $1 billion market cap. This meme coin, inspired by Truth Terminal, is following a similar path to GOAT, and it is now surpassing it.
From the local bottom, reached on December 5, Fartcoin rose by +400%, reaching an ATH of $860 million. It is currently outperforming its predecessor, GOAT, in market cap.
Technical analysis supports a potential price target of $1, pushing the market cap above $1 billion. However, aggressive profit-taking by early buyers could lead to a sharp correction, with prices possibly falling to $0.40.
JUST IN 🚨: #FARTCOIN surpasses $850 Million Market cap.
Overtakes $TURBO and $GOAT to become the 2nd largest AI memecoin. pic.twitter.com/2FN7JVzIPR
— Zia ul Haque (@ImZiaulHaque) December 16, 2024
FARTCOIN Price Trends Towards The $1 Billion Market Cap
(FARTSOL)
Truth Terminal has played a significant role in Fartcoin’s success. The AI agent’s viral marketing and unconventional humor have driven Fartcoin’s popularity. Fartcoins is different from GOAT. This meme coin offers a robust ecosystem that includes FartNFTs and gamified breeding features, encouraging user engagement.
Fartcoin’s market cap currently stands at $750 million, reflecting a slight retracement of -18% from its recent peak. After a strong rally, the token faces resistance near the $760 million level, where it bounced a few times before breaking it. In comparison, support lies at the previous breakout zone of around $426 million, a previous resistance turned into support.
The recent uptrend pushed Fartcoin well above the 100-MA (Moving Average). This indicates strong bullish momentum in the short term. The breakout above the $426 million level marked a significant shift in market sentiment, followed by an increase in volume.
However, the price has retraced slightly from its peak, which could signal profit-taking or temporary consolidation before another move higher. The volume also increased notably during the rally, reflecting growing interest.
If the price is sustained above the $426 million support level, further upward movement is likely. A clear break above $759 million resistance would signal continued bullish momentum, potentially targeting, why not, to $1 billion market cap. GOAT reached it, so why not Fartcoin?
However, failure to hold above support could lead to a retest the MA level around the $0.40. AI meme coins are setting high standards for this bull market.
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