Fartcoin (STPT) Down After Explosive Rally as Investors Take Profits

Fartcoin gained 40% in 24 hours on Tuesday but has cooled down today as investors take profits. However, its rapid growth shows that there is clearly huge demand.

In a whirlwind of market activity, Fartcoin (FRT) soared by 40% in 24 hours on Tuesday. However, the token has since lost some steam, sparking interest in a new meme coin that experts believe could offer even bigger gains.

Fartcoin Price Down 20% After 40% Rally

As Fartcoin is winding down from a significant rally, some traders are becoming apprehensive. After hitting lows of $0.385 on Monday, Fartcoin experienced a substantial rally, reaching highs of $0.54.

At its peak, the token gained over 40% within a 24-hour window, a remarkable feat that drew attention to the meme coin.

However, today has seen a U-turn, with Fartcoin now trading at $0.468, a 20% decrease from its high. This price point represents a return of much of its progress, as it had rebounded from lows of $0.3 to reach highs close to the $0.6 handle.

At press time, Fartcoin is down 1.5% over the past 24 hours.

Having just come off the back of such an explosive day, it appears that some traders thought it was a good time to take profits, but this selling spooked others and caused them to sell as well.

Prominent traders, such as Byzantine General, suggest that this volatility is to be expected, and Fartcoin will continue to gain in the months ahead.

With its 40% uptick yesterday, Fartcoin outpaced other cryptocurrencies, showcasing considerable demand for the token.

Moreover, if the broader crypto market keeps gaining, we could well have seen Fartcoin break into new local highs.

But there’s still time. The analyst believes that Fartcoin will trade in the $0.4 to $0.7 range for the coming weeks before breaking out and surpassing $1 in May.

CRG also provided a bullish analysis on the Fartcoin chart, highlighting that it has formed an inverse head-and-shoulders pattern, which typically signifies the end of a downtrend.

The analyst provides three price targets at $0.71, $0.88, and $1.29.

Meanwhile, Lyxe highlighted that Fartcoin is "the best-looking meme coin" and that it has yet to receive tier-1 exchange listings. When these listings finally do come, they could spark a strong reaction, given the explosive nature of Fartcoin's other price moves.

Ultimately, although Fartcoin has retreated somewhat today, yesterday's performance showcases that there are plenty of willing buyers who believe in the project and are eager to invest.

As the market recovers, there’s every chance that Fartcoin continues to outperform and potentially hit the $1 mark and beyond.

However, traders might just be able to outperform Fartcoin with a new meme coin called MIND Of Pepe.

Expert Tips New Meme Coin for 10X Gain as Presale Nears $8M

Both Fartcoin and MIND Of Pepe (MIND) share something in common - they’re both AI-related meme coins. But while Fartcoin was merely the brainchild of a conversation between two AI agents, has its own agent.

Fartcoin is a meme coin through-and-through, while MIND Of Pepe blurs the line between meme coin and AI utility token.

MIND Of Pepe's AI agent is all about providing its community with trading opportunities. Hold the $MIND token, and you’ll get access to the agent's trend analysis and insider access to tokens it launches.

The agent can also post on X and it can even interact with dApps.

And the best part is that it’s currently undergoing a presale where it has raised $7.8 million so far.

Experts believe this is an opportunity for huge gains. For instance, Jacob Bury told viewers on the 99Bitcoins YouTube channel that $MIND could 10x.

Besides its funny name, Fartcoin's AI roots are a huge draw and helped it reach a market cap peak of over $2 billion.

Meanwhile, MIND Of Pepe uses Pepe coin's viral star power and equips it with AI innovation. It’s a setup that, at the very least, will generate a lot of excitement in the coming months.

But in the best case scenario, $MIND could match or even surpass the success of Fartcoin.

Visit MIND Of Pepe Presale

The post Fartcoin Price Drops 20% After 40% Rally, Can It Still Hit $1? Expert Tips New Meme Coin For 10X Gain As Presale Nears $8M appeared first on Chain Link.

The post Fartcoin Price Drops 20% After 4