Fartcoin FARTCOIN/USD Has Emerged as the Meme Coin to Watch

Fartcoin FARTCOIN/USD has emerged as the meme coin to watch, outperforming its more famous counterparts like Dogecoin DOGE/USD and Shiba Inu SHIB/USD.

Fartcoin (FRTCOIN) has shot to fame as the meme coin to watch, outperforming the more famous Dogecoin (CRYPTO: DOGE) and Shiba Inu (CRYPTO: SHIB).

Chart: TradingView. Traders: Altcoin Sherpa, Degengambleeth

The tide of smart money and whale buying has helped push Fartcoin up by 88% in the last month, incrementally coinciding with Bitcoin's (CRYPTO: BTC) rally to the $87,000 levels.

Trader Notes:

Popular crypto analyst Altcoin Sherpa says Fartcoin "is looking pretty good."

In an April 20 post on X, previously known as Twitter, he predicted a run to the $0.90s followed by a potential retest of $0.75 or lower.

He views a move to $0.70 as a gift for patient traders preparing for the next structured leg higher. However, Bitcoin's rally will be the deciding factor for Fartcoin’s price trajectory.

In another X post, Sherpa also outlined two possible paths: a continuation higher or a corrective dip, largely depending on Bitcoin's next move. He disclosed holding a "big bag" of Fartcoin himself.

Meanwhile, Degengambleeth raised the possibility of Fartcoin cracking a $1 billion market cap, citing increasing investor interest and momentum.

Statistics:

Fartcoin has topped the charts as the most purchased token ($1.96 million) by smart money over the past 24 hours.

A separate Stalkchain update on Monday has flagged a wallet aggressively dollar-cost averaging into Fartcoin, with $1 million invested in two batches: $500,000 at an average of $0.8907 and another $500,000 at $0.9128.

In addition, a wallet directly funded by crypto casino Rollbit's treasury loaded up with $758,000 worth of Fartcoin, signaling growing institutional curiosity in the meme coin sector.See More: Top 3 Crypto Talking Points Today: Bitcoin Faces Resistance, Fartcoin Smart Money Flow Heats Up

This article was written by Ben Logsdon and edited by Ben Cooper at عصر يوم الاثنين, 24 أبريل, 2024 10:38:00.