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The Fartcoin price has soared 47% in the last 24 hours to trade at $0.7075 as of 7 p.m. EST on a 14% jump in trading volume to $110 million.
The FARTCOIN price pump took its market cap to an all-time high of $764 million. The increase follows a viral Reddit post shared by Trung Phan on X, in which a user claims her husband invested $175,000 of their net worth into the token, citing confidence with the phrase “hot air rises.”
BREAKING: Time Magazine names Guy Who Put Significant Amount of Family’s Net-worth into Fartcoin the “Husband of the Year 2024” https://t.co/wToe2W4Aum pic.twitter.com/WAwQ9SzCiN
— Trung Phan (@TrungTPhan) December 12, 2024
The unverified post sparked much debate online, with some noting the token’s market cap surpassed that of many US publicly traded companies.
Fartcoin Price May Face A Short Term Correction Below The Curve Line
Fartcoin/USD (RAY) on the 4-hour timeframe shows a strong bullish trend along a parabolic price movement. According to GeckoTerminal data the token is trading at $0.7075, reflecting a minor pullback of -2.79%. Key support lies between $0.13 and $0.20, where accumulation and reversals have previously occurred.
The recent breakout above the $0.60 resistance has turned it into a support level, signalling continued upward momentum.
FARTCOINUSD Analysis Source: Dextools.io
The moving averages further confirm the bullish sentiment as the 50-period simple moving average (SMA), currently at $0.3863, is above the 200-period SMA at $0.3013, forming a golden cross. This crossover is a powerful signal for a sustained uptrend. Additionally, the price is clinging to a parabolic curve, which indicates strong buying pressure but also affirms caution, as such curves can lead to sharp corrections when momentum fades.
The MACD is bullish, with the MACD line above the signal line and expanding histogram bars, reflecting increasing buying strength.
The RSI is at 65.82, nearing overbought levels but leaving room for further upward movement. This positioning indicates a potential rally continuation, though traders should remain cautious as the token approaches overbought territory (70).
If the parabolic trend holds, the next resistance level could be $0.80, with the psychological mark of $1.00 as a subsequent target. However, a curve breakdown may trigger a pullback to the $0.60 support zone or even the 50-period MA at $0.38. Maintaining the $0.60 support level will preserve the bullish structure.
Catslap (SLAP) Sees Explosive Growth Ahead Of Big Announcement
Meanwhile, another viral meme coin called Catslap (SLAP) is also capturing the attention of traders, and influential YouTuber ClayBro, who boasts over 131K subscribers, says the token could see a massive 50X surge after launch.
This recently launched project brings a unique twist with its interactive Slap-to-Earn game, where players have already logged an impressive 831 million slaps on the global Slapometer. The feature has spurred rapid community growth, with the number of SLAP token holders climbing to 18,959.
Adding to its momentum, Catslap recently achieved “Hot Token” status on Best Wallet, a popular crypto wallet with over 70,000 users. This milestone has significantly boosted the coin’s visibility.
Moreover, the project is gearing up for the Zealy Community Slapdrop Campaign, which combines social challenges with Slap-to-Earn mechanics. Participants can earn XP, climb the leaderboard, and unlock rewards ranging from $10,000 to $100,000 for the top 10 spots.
Additional rewards include SLAP tokens distributed via airdrops, with higher leaderboard ranks yielding greater payouts.
For passive income, SLAP also offers an attractive staking program with an annual percentage yield (APY) of 40%.
We be cooking. Staking now live, all website buys will be staked for 7 days at 40% APY. Early unlock by burning 🔥🔥 pic.twitter.com/ZIUK9pd3sZ
— Catslap (@CatSlapToken) November 21, 2024
The coin’s market performance has been equally remarkable since its listing on MEXC last week. The SLAP price rose 8% in the last 24 hours to trade at $0.00491392, according to CoinGecko.
Excitement is mounting as developers hint at a major announcement in less than five days, sparking speculation about a potential Coinbase listing.
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Catslap (SLAP) – New Cat Meme Coin On Ethereum
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- 10,000+ Holders
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- Token Burns
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