Increasing Demand from Whales
Fartcoin, the meme coin based on Solana, is poised for another rapid rise. After being added to the Coinbase trading platform, the demand from whales for this cryptocurrency could lead to a dramatic increase in its price in the coming weeks.
According to on-chain data, the demand for Fartcoin has remained high in recent weeks. A whale recently withdrew 14,916 SOL tokens from the Binance exchange to purchase 1.68 million token, worth approximately $1.4 million.
With Fartcoin’s imminent arrival on Coinbase and the expected altcoin season in 2025, whales are likely to continue driving demand for this trending meme coin. Furthermore, regulatory clarity on cryptocurrencies in the United States has contributed to the overall increase in demand for altcoins.
Bullish Outlook for Fartcoin ?
After a spectacular rise in recent weeks, the price of the memecoin has encountered significant resistance around $1.5. However, according to crypto analyst RookieXBT, this meme coin, still far from DOGE or PEPE, with a market capitalization of $1.35 billion and an average daily trading volume of $376 million, is poised to compete with the giants.
The memecoin has moved back above its Ichimoku cloud on the daily chart. Sustaining above $1.24 should allow Fartcoin to target the resistance zone between $1.8 and $2.7 in the coming weeks.
Subsequently, a weekly close above $2.7 could trigger a new rally towards its all-time high in the coming weeks. With the announcement of listing on Coinbase and the upcoming altcoin season, investors expect to see Fartcoin push to new highs.
How to Buy FARTCOIN on Bitget Before Its Surge ?
- Create your account: Sign up on Bitget via their website or mobile app to explore FARTCOIN.
- Complete your KYC: Verify your KYC to access the platform.
- Deposit funds: Add fiat currencies (EUR) or cryptos (USDT, SOL) to your wallet.
- Buy the token: Access the spot market, select the FARTCOIN/USDT pair, and place your buy order indicating the amount.
