The popular Solana meme coin, Fartcoin (FARTCOIN), has finally secured its first major spot listing.
Coinbase, the leading US crypto exchange, has added Fartcoin to its roadmap, confirming it will soon be listed on the platform.
The Fartcoin price rallied on the news and is now trading at $1.04, up over 20% from its Thursday low.
Several investors, including popular influencers, are already FOMO buying the popular meme coin, anticipating an explosive rally that typically follows major CEX listings.
However, Fartcoin’s technical analysis suggests that buyers need to exercise caution, especially due to the broader market bearishness. Interested investors may find better buying opportunities in the coming days.
Meanwhile, smart money investors continue to stack low-cap meme coins for the next leg up, considering they remain largely unaffected by broader uncertainty. Solana meme coins like Solaxy are being widely viewed as the next 10x crypto.
Fartcoin Price Prediction After Coinbase Listing: How High Can It Go?
Fartcoin has been among the top-performing crypto assets during the second-quarter bull run, despite not having any Tier-1 spot listing. Following its $0.20 local bottom, its price traded as high as $1.60 in May, a stunning 8x rally.
Interestingly, CoinMarketCap data shows that a large share of Fartcoin’s spot trading volume has come from decentralized exchanges like Raydium and Orca. This helps explain why, despite its mainstream popularity, the coin has yet to see meaningful traction among traditional investors, most of whom rarely use DEXs.
That changes today. With over a hundred million users, Coinbase could make Fartcoin one of the largest crypto assets on the market, much to the annoyance of Wall Street. Analysts are already anticipating the possibility of Binance and Robinhood listings next. There is now a significant possibility that the Fartcoin price hits $10 in this bull run.
Fartcoin price predictions from prominent analysts suggest that now is already an ideal time to buy the Solana meme coin.
Legendary trader Bluntz has used Elliot Wave counts to indicate that the bottom is likely in for Fartcoin, highlighting that it has likely completed the A-B-C corrective waves. It has also followed a bullish divergence on its 8-hour chart, a significant bullish signal.
However, interested buyers need to exercise caution. For starters, a pullback following a major exchange listing isn’t out of the ordinary. Moreover, the broader market sentiment has turned bearish, with the Bitcoin price falling to $101k on Thursday.
The Fartcoin price is currently trading within a falling wedge, marked by yellow trendlines. Sidelined investors should wait for a retest of the lower trendline or a breakout above the upper before buying.
Is Solaxy The Best Solana Meme Coin To Buy Now?
Fartcoin shows a high degree of correlation with Bitcoin, making it susceptible to the ongoing market uncertainty and volatility.
On the contrary, low-cap gems and presale coins like Solaxy (SOLX) remain unaffected, allowing investors to gear up for the next leg up without worrying about volatility.
Solaxy has already established itself as one of the hottest presale tokens on the market, raising nearly $45 million even before its launch. This first prominent Solana layer-2 coin recorded a plethora of six-figure investments from deep-pocketed whales, suggesting high upside potential.
The fact that the SOLX presale is ending on June 16th is adding to the FOMO.
Meanwhile, Solaxy’s layer-2 chain has impressed investors as well. Experts believe it could soon be a key part of the Solana ecosystem, thanks to its promise of low-latency transactions, exponential scalability and zero downtime, even during high network traffic.
The Solaxy testnet is already live, and the chain will launch in June itself.
Unsurprisingly, analysts are anticipating a strong SOLX rally right after its launch, owing to the strong hype and FOMO. Many are even anticipating 10x returns from this new Solana meme coin.
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