Meme coins continue to captivate the crypto world with their rapid gains, and Fartcoin, a Solana-based AI meme coin, is the latest to capture the spotlight. This week, Fartcoin hit an all-time high of $1.60, following a remarkable 70% rally. Despite the excitement, some analysts predict a possible pullback before the next big surge.
Fartcoin Hits New ATH
Fartcoin, known for its humor-driven branding and ties to viral trends, stands out as a Solana meme coin with a loyal community. While it doesn’t have standout features, its price performance has been exceptional. Since its launch in October, the token’s value has skyrocketed, growing 700% in just one month and pushing its market cap to $1.48 billion. Adding to the momentum, open interest (OI) for Fartcoin surged 22% this week, reaching $182.4 million. This influx of interest has been a key driver behind the recent price rally.
AI Meme Coins Are Taking Over
As traditional meme coins like DOGE and SHIB struggle to regain their past success, newer tokens like Fartcoin and AI16Z are gaining the spotlight. AI16Z, another Solana-based token, saw a huge 176% price surge in a week and now has a market cap of $2.17 billion. Fartcoin is currently the fifth-largest AI meme coin on Solana Network, and if the bullish trend continues, it could join AI16Z in the $2 billion market cap club. Other AI-themed tokens, like Freysa AI (93% growth) and Zerebro (82% growth), are also making strong gains.
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.
Despite the impressive growth and potential, Fartcoin faces possible price adjustments. Analysts are keeping a close watch to assess when and how the situation might change.
