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Fartcoin Price Surges Yet Again As It Targets $1.5

Michael Abadha Blockchain market writer
    Summary:
  • If you bought $100 worth of Fartcoin in October 2024, that investment has grown to over $4,800. But can Fartcoin price keep the pace?

The meme coin season hasn’t really kicked in despite Bitcoin and altcoin priced registering substantial upside since November 2024. However, Fartcoin has recently sparked a shift in vestor sentiment around meme coins after rising by 43% on Monday. The token was previously dismissed as a just another hype-inspired meme coin blown out of proportion by an overly enthusiastic community. However, its recent gains are too high to ignore.

Fartcoin price is up by 46% in the last month, but has risen by 4,856% from its all-time lows of $0.0200 recorded on October 30th 2024. Such a massive uptick in just three months is a rare fete, even in a crypto market reputed for high volatility. For instance, Bitcoin price has only risen by 34% since that time, while one of the best-perfoming meme coins, PEPE, has gained 78%.

For context, an investor who bought $100 worth of Fartcoin on October 30 has seen that investment grow to $4,856. With a market capitalisation of just above $1 billion, Fartcoin is too big to ignore. However, its utility is based on promoting humour and other light-hearted entertainment.

Therefore, Fartcoin price upside will largely depend on its ability to sustain a positive sentiment around humour, as opposed to pure economic sense. Fartcoin price is up by 28% year to date and trade at $1.197 at the time of writing after gaining 16% on the daily chart.

Fartcoin Price Prediction

The momentum on Fartcoin price signals a likely continuation of the upside above the $1.109 pivot. Immediate resistance is likely to be at $1.230, but a stronger momentum could break above that level and test $1.300.

On the other hand, FARTUSD momentum could head to the downside if it breaks below $1.109. That could see it move to the first support at $1.030. An extended control by the buyers will break below that mark and invalidate the upside narrative. That could also open the path to test the second support at $0.929.