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Fartcoin is Soaring and You Won’t Believe Why!

BBG News

Hold onto your hats, folks. Fartcoin, the third-largest meme coin on the Solana blockchain, is blasting off like a rocket strapped to a whoopee cushion. With its price now sitting at a comfortable $0.60, it’s looking like the joke’s on us as it surges to its highest level since February 11. Oh, and did we mention it’s up a whopping 180% from its pitiful low this year? That’s right, a humble little $0.21 token has evolved into a mighty $0.60 beast. Its market cap has also ballooned to a cool $510 million. Someone call the accountant; we’ve got numbers to crunch.

But wait, there’s more! The surge in Fartcoin has come hand in hand with the Solana meme coin revival. Bonk (yes, Bonk) is up 35% in the last week, and let’s not forget about Dogwifhat (we’re not making this up, folks) and Popcat, who’ve seen over 20% gains. All of this means the collective market cap of Solana’s meme coins has shot up from $7.5 billion to $8.6 billion. I don’t know about you, but that sounds like a party.

Meanwhile, in the crypto universe at large, things are picking up pace like an over-caffeinated squirrel. Bitcoin has surged past $88,000, Ethereum’s hanging out above $2,000, and the general altcoin market is bouncing back with a market cap now sitting at $2.87 trillion. It’s like the whole crypto world just woke up from a nap and remembered it’s time to play again.

Now, here’s the fun part: this all happened right after some spicy media reports about Donald Trump’s tariffs. Apparently, his tariffs won’t target highly industrial items like cars, semiconductors, and smartphones. And bam, that’s why U.S. equities jumped, with the Dow Jones, Nasdaq 100, and S&P 500 rising by over 1.5%. Coincidence? We’ll let you decide.

Launched in October last year, Fartcoin has been the sensation nobody asked for. It started at a humble $0.012, climbed to a jaw-dropping $2.70, and turned its market cap from a modest $22 million to a staggering $2.4 billion. If that’s not a rollercoaster, I don’t know what is.

Fartcoin Forms Bullish Pattern – The Future is… Smelly?

The chart is telling us a very interesting story. Fartcoin bottomed out at $0.2015 earlier this month, before slowly pulling itself up to the current $0.60 level. It’s now sitting pretty at its highest since February, casually sipping a mojito in the sun.

it’s like the market’s mood is shifting. Selling pressure is easing up, and in the best-case scenario, this could lead to a cup and handle formation. Yep, it’s like the crypto world is trying to get us to drink from a metaphorical cup.

Momentum indicators like the Relative Strength Index (RSI) and the MACD are both pointing upwards, meaning the bulls are charging ahead like a herd of caffeinated cows. It’s looking like Fartcoin could continue its rise, with its next major target at $1.3732 – that’s 135% higher than where it’s sitting now. So, should you get in on this wild ride? Only time (and maybe a little bit of luck) will tell.

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2025-03-24 18:35

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