Fartcoin Achieves $1.31 Billion Valuation After 45% Price Surge
Fartcoin (#FARTCOIN), a meme coin on the Solana blockchain, has reached a valuation of $1.31 billion after hitting an all-time high (ATH) of $1.45. Currently trading at $1.32, it is down 9.33% from its ATH, but forecasts for continued growth in 2025 appear strong.
According to data, Fartcoin increased by 45% within 24 hours, recovering from a daily low of $0.9044. The cryptocurrency has surged 27,866,577.46% from its all-time low of $0.054723 recorded three months ago, indicating robust interest in Solana meme coins.
At its peak price of $1.45, Fartcoin's valuation surpassed that of 939 companies in the Russell 3000 Index, as noted by investor Charlie Bilello on social media.
Over the past 30 days, Fartcoin has risen 764.31%, outperforming the overall digital asset market during a bearish holiday season. Current top meme coins on the Solana blockchain include Bonk (BONK), AI16Z [NC], Pudgy Penguins (#PENGU), dogwifhat (#WIF), and Fartcoin.
AI16Z has also seen significant gains, increasing 176% in the past week and 562% over the last month, with a market cap of $2.47 billion. Unlike traditional meme coins like Dogecoin (#DOGE) and Shiba Inu (#SHIB), tokens such as AI16Z and Fartcoin are showing stronger profit potential.
FARTCOIN Price Analysis
The total market cap for Solana meme coins is $21.21 billion, with $5.9 billion traded in the last 24 hours. SOL has also reclaimed the $200 price level, which may positively influence Fartcoin's trajectory as the year progresses.
The daily chart for Fartcoin indicates a Relative Strength Index (RSI) of 66.74, suggesting bullish momentum following a minor correction, although overbought conditions could lead to further adjustments.
Source: TradingView
The MACD indicator confirms a bullish divergence, with the MACD line (blue) above the signal line (red), and the histogram turning green. This suggests that Fartcoin may retest its ATH, targeting $1.5.