Fartcoin Price Jumps 22% As New Solana ICO Rival Nears $3M

The Fartcoin price surged 29% in the last 24 hours to trade at $1.09 as of 3.45 a.m. EST on trading volume that skyrocketed 114% to $213.7 million.

The project’s price blew up after yesterday’s announcement that Fartcoin got listed on Binance Alpha, a platform within Binance Wallet designed to put early-stage projects with great potential under the spotlight and help it grow in the Web3 ecosystem.

Fartcoin just listed on @binance alpha pic.twitter.com/wHIvvwfFSs

— 👾 (@degentral) December 18, 2024

Many have started speculating that assets listed on Binance Alpha might be next to see listing on Binance’s main exchange, which, if true, could be a massive move for Fartcoin.

So far, the project has seen a 104% weekly price increase, and while a lot of it was struggling to breach certain resistances, including at $0.80 and $1, the token has managed to rise to the challenge in the last seven days.

In fact, two hours ago it reached an ATH at $1.06.

Fartcoin Price Prediction

The Fartcoin price has seen a lot of volatility in the last week, and the previous 24 hours are no exception. The token has even seen a correction to $0.70 at one point, after being rejected by a resistance at $1, only for it to skyrocket and not only return to the resistance, but breach it, at least for the time being.

FARTCOIN’s Bollinger bands have seen a massive widening, with the price often pushing the upper band further and further up. However, it would often see small fluctuations while balancing between the upper band and the middle section between the two bands.

Still, its performance over the last eight hours or so has been extremely bullish, which kept drawing new investors and traders in.

The project’s Relative Strength Index (RSI) value has seen a sharp rise after the token’s correction to $0.70, leading it up to the upper levels of the neutral zone, primarily to the value of 65. The RSI then spent some time moving between this level and roughly the value of 55, only for it to suddenly burst up and hit the overbought zone at 70 only two hours ago.

Since then, the RSI saw a minor drop, which brought its value back to 60, suggesting that traders have moved in to take profit. This also started a minor correction, but for the time being, the price is managing to stay above $1. If this level manages to keep it from sinking further down, then it will be considered a major new support that could allow FARTCOIN to continue its surge and head further up.

For now, there seems to be a lot of optimism surrounding the project, especially with potential to be listed on Binance’s main exchange, although this has not yet been announced or confirmed. Still, the coin’s listing on Binance Alpha has clearly had a major impact on its price and the general market sentiment, which led to a massive boost in daily volume, and it pushed its market cap beyond $1 billion.

Promising Alternative To Fartcoin

While many eyes in the crypto industry are currently on Fartcoin, investors looking for diversification options might also take a look at a new Solana rival called Solaxy (SOLX), the first Layer-2 project in Solana’s ecosystem.

This is a multi-chain project, which will run simultaneously in Solana’s and Ethereum’s ecosystems, but it will also stick to its L2 blockchain, whose technology exceeds the technical limitations of both networks.

Ethereum is slow and expensive, and one of the reasons why Solana was launched in the first place — to provide a blockchain that would perform better. For the most part, it was successful, and the SOL ecosystem is now known for being extremely fast and extremely cheap.

However, Solana’s network also suffers from congestions and failed transactions, which is something that Solaxy intends to improve within its L2, and provide a safer, faster, more scalable blockchain for users.

So far, the investment community seems to love the idea, socking $2.84 million into the project in only 5 days.

ClayBro, a crypto YouTuber with 134k subscribers, said it could have 100x potential after launch.

Right now, SOLX sells for only $0.00157, and it can be bought with ETH, USDT, BNB, or credit/debit cards. Interested investors should buy before a price hike in a little over 1 day to secure the best deal.

Visit SOLX.

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