The crypto market is slightly recovering from last week’s red trend, which saw its market cap plummet to $3.13 trillion. Today, it stands at $3.43 trillion, as Bitcoin (BTC) faces resistance around the $99,000 level, up from last week’s $93,000.
Several altcoins are also making gains, and some of the biggest gainers can be found in the meme coin market today. Among them, Fartcoin, which started to defy the market-wide downturn over the past seven days earlier than most, is up 23.50% today.
As Fartcoin threatens to surpass its December 20th ATH, investors are also showing increasing interest in tokens yet to realize their potential. Among them, Wall Street Pepe and Flockerz are attracting significant attention with their innovative approaches to the meme coin space.
Recent Developments Helped Fartcoin Outperform Most Competitors
Amidst the market-wide downturn, Fartcoin was one of the few tokens that started recovering nearly immediately, which made it stand out in a sea of red.
Priced at $1.23 on December 20th, the token halved in value by December 23rd, when it was priced at $0.60. However, while leading cryptocurrencies, including BTC, continued falling throughout the next 24 hours, Fartcoin found support at the $0.60 level and soared to $0.88 the next day.
Fartcoin’s impressive performance during the past week’s bearish market likely comes from the numerous listings it secured throughout the week, starting with a listing on KuCoin on December 19th.
Recently, a meme coin whale also exchanged $1.72M in BONK and WIF for Fartcoin, showing whale’s eagerness to jump into the token.
Following KuCoin, Binance announced the launch of perpetual contracts for FARTCOIN with leverages of up to 75x, with an OKX futures listing emerging right after. The token was also added to pip’s list of accepted currencies for online payments.
https://twitter.com/ApkJnr/status/1871349543906001250/photo/1
Thanks to its boosted visibility, Fartcoin managed to make an impressive V-shaped recovery, and crypto analyst APK, who predicted its soar in the past 24 hours, believes the token can reach a new ATH around the $1.4 mark.
What’s Next For Fartcoin?
Fartcoin’s 14-day Relative Strength Index (RSI) currently stands at 72.66, placing the token in overbought territory and suggesting high volatility.
However, RSI values of above 70 often suggest that a token is overpriced, meaning it could face a correction in the next few days, especially if the RSI remains above 70 for an extended period, signaling that its upward momentum is weakening.
Although an RSI of 72.66 doesn’t mean Fartcoin will face immediate correction, analyzing its technical indicators further shows that more traders believe its price will fall, anticipating a pullback.
While experts like Yugo and Theo predict a downtrend for Fartcoin by the end of 2024, Dip Wheeler is bullish on the coin as he believes it can continue to defy negative trends and keep soaring, expecting a listing from Robinhood to be next.
As Fartcoins battles with volatility and shifting sentiment, two coins that are still in their presales show no sign of stopping as they achieve their funding goals. If their momentum continues, they may position themselves to outperform larger coins like Fartcoin in early 2025.
Investors Flock to Wall Street Pepe, Flockerz Presales
With over $36 million raised in just 22 days, Wall Street Pepe has the potential to become the largest meme coin presale in history.
The project is building a community of traders – the WEPE Army – to which it will be supply alpha trading insights, signals, and other benefits via an exclusive group to help them get the edge in the market
To secure their spot in WEPE’s upcoming trading channel, investors can purchase WEPE at its current price of $0.0003656 via Best Wallet or the presale’s website.
After Pepe Unchained’s (PEPU) recent success which saw it rise by 600% following a $70m+ presale, analysts believe WEPE could make even bigger gains.
Flockerz is also taking a unique approach to the meme coin market with the world’s first vote-to-earn DAO, FlockTopia, which will be released once the token launches on DEXs.
Holders will be able to earn rewards by voting in the DAO, giving each member a voice in the project’s future.
Investors have just 28 days to buy FLOCK at presale prices before its exchange launch, and those who join now can take advantage of the project’s current 352% staking APY.
Interested parties can purchase FLOCK using BNB, ETH, USDT, or a bank card via the presale’s website or by using Best Wallet, which will secure their spot in the upcoming FlockTopia.
