According to Benzinga, Fartcoin (FARTCOIN/USD) has outperformed legacy meme coins Dogecoin and Shiba Inu with a 14% daily gain. This surge has led traders to predict a potential rise towards the $2 mark. Prominent trader Unipcs highlighted that Fartcoin has rallied 30% since its Coinbase listing, emphasizing the importance of momentum and market conditions over traditional signals. The coin is set to debut on the largest U.S. retail exchange, creating a scenario where underexposed traders might chase the trend, potentially driving further bullish movements. Altcoin Sherpa and Posty have projected price targets of $2 and $1.35, respectively. Coinglass data indicates $5.01 million in short liquidations over the past 24 hours, with open interest and derivatives trading volume increasing by 11.7% and 31%, respectively, signaling heightened speculative activity.
Fartcoin Surpasses Dogecoin, Shiba Inu with 14% Gain Amid Bullish Predictions
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