Meme coins are shaking up the crypto market, and Fartcoin, a Solana-based AI meme coin, is the latest star. This week, Fartcoin reached an all-time high (ATH) of $1.60 after a 70% rally. Despite the buzz, experts hint at a possible pullback before the next big surge.
Fartcoin Hits New Milestone
Fartcoin is known for its humor-driven branding and viral trends. While its features may not stand out, its performance certainly does.
Launched in October, the token’s value has skyrocketed by 700% in just a month, boosting its market cap to $1.48 billion. Adding to the excitement, Coinglass data revealed a 22% jump in Open Interest (OI) this week, hitting $182.4 million. This surge has been a major catalyst for Fartcoin’s recent price action.
AI Meme Coins Are Taking Over
As traditional meme coins like DOGE and SHIB lose momentum, newer tokens like Fartcoin and AI16Z are taking the spotlight.
AI16Z, another Solana-based token, recently soared by 176% in a week, reaching a $2.17 billion market cap. Fartcoin now ranks as the fifth-largest AI meme coin on the Solana network. If the bullish trend continues, it could join AI16Z in the $2 billion club.
Other AI-themed tokens, like Freysa AI (up 93%) and Zerebro (up 82%), are also making waves, further solidifying the rise of AI meme coins.
Can Fartcoin Hit $2?
Fartcoin has delivered an astonishing 2,960,840% growth in just three months. Analysts believe it could hit $2 if it breaks resistance at $1.67.
However, its current position above the Bollinger Bands Indicator suggests it might be overbought, signaling a possible price correction. If buying pressure persists, $2 could be within reach. But if selling increases, the token might drop to $0.53.
