Is It Too Late To Buy FARTCOIN? Fartcoin Price Soars 18% And This Might Be The Next Crypto To Explode

The Fartcoin price surged 18% in the last 24 hours to trade at $1.21 as of 2.30 a.m. EST on trading volume that went up 34% to $142.57 million.

Fartcoin’s price started to soar earlier this week, after dropping to $0.6882 on January 13. The popular meme coin then surged to $1.2 on the very next day as Bitcoin started recovering, and investors and traders started doubling down on their favorite coins and tokens.

While FARTCOIN was initially rejected from the resistance at $1.2, and its price dropped to $1, it managed to bounce back immediately, which started yesterday’s surge that took the coin beyond the resistance to $1.3411.

DO IT FARTCOIN pic.twitter.com/0eH0ipQCXE

— Guy (@Credible_Chr1s) January 15, 2025

While the coin failed to reach its ATH of $1.6 which it previously hit on January 3 of this year, it made a significant advance and it came quite close to it.

Fartcoin Price Prediction

As the Fartcoin’s price surged yesterday, the popular meme coin’s Bollinger bands saw a massive widening, but even so, the price rose so quickly that it went beyond the upper band within minutes. This was the surge that took its price to $1.20 for the first time, which was followed by a minor correction to $1.11.

The bands narrowed at this point, but they immediately started widening again. Meanwhile, the token surged again, returning to the resistance, breaching it, and continuing further up. But, after reaching its weekly high, the price started correcting again, which caused another tightening of the bands, and this time, the price started pushing the lower one further down.

During the previous correction, it only dropped to the middle line between the two bands, so this drop to the lower one might suggest that the bullish wave that pushed the token beyond $1.3 could be over.

The project’s Relative Strength Index (RSI) definitely showed strong bullish activity yesterday, which pushed the metric into the overbought zone three times, while it reached the value of 80 twice.

Each push into the overbought zone resulted in a drop back to the neutral area, suggesting that traders were regularly taking profit as the bullish wave caused the token to be overbought. However, as they repeated the process the third time, the RSI kept dropping further down, suggesting that the new wave of purchases did not follow.

Instead, the RSI, which would previously drop to 55 before going up again, started spiraling down until it reached 37. But, the buyers finally returned at this point, buying the dip and pushing the RSI back up. It is nearing 50 as of the time of writing, which indicates that the price is likely to see a recovery from its drop to $1.21.

Promising Alternative To Fartcoin

While Fartcoin is showing signs of recovery and its RSI suggests that there is still room for growth, some investors may decide that it is too late to buy it now, and that its largest price boost is over. If you are in this school of thought, then you might consider Meme Index (MEMEX) as an alternative.

Meme Index is a new meme coin project, currently in ICO, which introduced a new way of profiting from meme coins. Specifically, it created four baskets, or indexes, each containing multiple meme coins for its token holders to invest in. Each one has different tokens in it, which affect how volatile and risky it is. As the degree of risk increases, however, so do the potential gains.

The first basket is called Titan, and it is filled with the top-ranking, established meme coins. As such, it has the lowest risk, although keep in mind that the risk is still there, as these are still cryptocurrencies. Next is the Moonshot index, which holds meme coins that sit just under the top 10 largest ones by market cap, so the risk is slightly higher, but still fairly low.

Things start to get more interesting with MidCap, the third basket which has meme coins whose market cap is between $50m and $250m, as these tend to see sharp movements and go up and down unexpectedly.

While the risk is significant at this point, so are potential rewards. Finally, the last index is called Frenzy, and this one is best approached by those who are ready to win it all or lose everything. It will have new, highly volatile, and even experimental projects that could go either way without warning, so be very careful with this one.

But, to invest in any of them, you first need MEMEX, which is still in presale. The token is currently selling for $0.0152852, and so far its ICO raised $2.45 million.

ClayBro, a crypto YouTuber with 135k subscribers, recently predicted that this could be one of the best meme coins to hold in the upcoming bull market, and he is far from being the only one who is excited about the project’s potential.

Visit MEMEX here.

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