| Cryptocurrency | Price (USDT) |
|---|---|
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| ETH | $2431.6740000000 |
| BNB | $648.9097600000 |
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Category: CRYPTO NEWS
The post Fartcoin flips Bonk to become number 2 Solana memecoin by market cap appeared on BitcoinEthereumNews.com. Fartcoin has just flipped Bonk to become the second-largest Solana memecoin by market cap, following a 15% rally that pushed its market cap above the $1 billion mark. Fartcoin (FARTCOIN) has rallied over 15% in the past 24 hours, smashing through the $1 psychological resistance to trade at $1.06 at press time. With this rally, Fartcoin’s market cap has surged past $1 billion, overtaking Bonk (BONK), which currently sits at around $980 million. FARTCOIN breakout comes as no surprise as its price action has been on fire recently as it broke out of the $0.40 – $0.55 range where it has been consolidating from March 29 to April 9. The memecoin staged a powerful breakout on April 9, marked by a spike in volume that drove the price to an intraday high of $0.78. The momentum continued, with the price hitting $0.97 on April 11 before pulling back slightly into a brief consolidation phase. The price action soon resumed its uptrend, breaking past previous highs and pushing above the $1 mark. The trend is clearly bullish as FARTCOIN currently trades well above both 20-day EMA and 50-day SMA. If this momentum continues, the next immediate price target is at around $1.20–$1.25. However, the RSI is nearing 70, which may indicate an upcoming pullback. Source: TradingView Meanwhile, Bonk has slipped slightly in the past 24 hours, continuing to range between about $0.0000095 and $0.0000138, with momentum looking relatively subdued compared to Fartcoin’s explosive breakout. The moving averages are aligning bullishly, and price is consolidating near the top of the range, which can be a pre-breakout setup if volume kicks in. However, recent volume is much lower compared to March spikes, suggesting this breakout attempt is still lacking conviction — a potential sign of continued range behavior or a slow grind up.…
2025-04-22T08:45:12+00:00
https://bitcoinethereumnews.com/tech/fartcoin-flips-bonk-to-become-number-2-solana-memecoin-by-market-cap/?utm_source=rss&utm_medium=rss&utm_campaign=fartcoin-flips-bonk-to-become-number-2-solana-memecoin-by-market-cap