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The Fartcoin price surged 27% in the last 24 hours to trade at $0.6663 as of 2.30 a.m. EST on trading volume that skyrocketed 46% to $248.49 million.
The FARTCOIN price blew up after Chainlink recently announced that Fartcoin is among the new assets supported by the Chainlink standard for verifiable data, alongside PENGU, MOODENG, and MICHI.
New assets supported by the Chainlink standard for verifiable data ↓
• PENGU—@pudgypenguins
• MOODENG—@MooDengSOL
• MICHI—@michionsolana
• FARTCOIN—@FartCoinOfSOLChainlink Data Streams—purpose-built for all.https://t.co/d77dPM0QZI pic.twitter.com/hM3d8s67vI
— Chainlink (@chainlink) February 8, 2025
In response, Fartcoin surged from $0.4662 on Feb. 9 to $0.7101 a few hours ago, but has since dropped to $0.66.
Fartcoin Price Prediction
The Fartcoin price was rising rapidly over the last 24 hours, until it hit a barrier at $0.70, which caused its price to drop to a support at $0.65. Right now, the token still sits just above this support, but certain technical indicators suggest that it could try to retest it in the near future.
The project’s Bollinger Bands have seen a massive widening over the past day, and particularly in the last few hours, as the price made its final push to the barrier at $0.70, but also after it dropped to $0.65. They also did not narrow since, suggesting that the trading activity remains high.
The project’s Relative Strength Index (RSI), on the other hand, shows that traders started buying FARTCOIN late on Feb. 9, likely after the announcement was made, pushing the RSI deep into the overbought zone by next day, reaching the value of 80.
After that, a sell-off took place, resulting in the RSI’s drop to the oversold zone. As soon as it touched the value of 30, however, traders started buying the dip, pumping both the price and RSI back up. The RSI returned to 75, and once there, traders took profit again, resulting in its drop to the neutral value of 50.
Now, both the RSI and the price have been relatively stable for the past two hours or so, but a new bullish wave could make traders start buying again, especially now that Bitcoin has climbed above $98k and is trying to breach the resistance at $98.5k. Struggling against smaller resistances shows that the market is still rather uncertain and the traders are hesitating, so anyone trading right now should be cautious.
Promising Alternative To Fartcoin
In the meantime, if you are looking for a project that could help you make larger gains, consider Meme Index (MEMEX) as an alternative to Fartcoin.
Meme Index is a new project that aims to make investing in meme coins and diversifying your portfolio easier. In doing so, it also promotes safer investing in the meme coin sector.
The project introduces meme baskets for its community to invest in, each of which come with a different level of risk, so you can pick the one you are comfortable with. There are four indexes in total, known as Titan, Moonshot, MidCap, and Frenzy, going from the least risky (Titan), which only focuses on the largest and established projects, to the riskiest (Frenzy) which is filled with new, experimental meme coins.
To invest in any of these baskets, you will need the project’s native MEMEX token, which is currently in ICO. So far, the presale has raised over $3.56 million. Selling at a price of $0.0160993 apiece, you can buy the token with ETH, USDT, BNB, or credit/debit cards.
By holding MEMEX tokens, you also get access to the governance process. That way, you can help decide which tokens should go into which index, letting you diversify them and ensure that promising cryptos are included. So, since you have to buy them to interact with the project, best do it in ICO, while its price is low. Especially since experts like ClayBro, a YouTuber with over 136k subscribers, believe that MEMEX has 10x potential.
Buy MEMEX tokens here before the next presale price hike in less than 2 days.
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