Fartcoin (FARTCOIN), a Solana-based meme coin inspired by AI agent Truth Terminal’s viral posts, is approaching a $1 billion market cap. Over the past seven days, its price has skyrocketed by 180%, bringing it to $0.84 at the time of writing.
Market analysts suggest that the coin’s value and market capitalization could rise even higher in the short term. Here’s why this could happen.
Fartcoin attracts market attention and brings an important event closer
On December 12, Fartcoin’s market capitalization surpassed $500 million, and rumors spread that the meme coin was about to undergo a significant correction. However, this did not happen as demand for the cryptocurrency remained at extremely high levels, causing the price to rise.
As of this writing, the market cap has risen to $839.95 million. Market cap is a product of price and circulating supply, indicating that the recent rally played a prominent role in the rise.
Moreover, on-chain data suggests that Fartcoin’s explosive growth may be far from over. One indicator that supports this point of view is social dominance. Social dominance compares the level of discussion of a cryptocurrency with other assets.
When Fartcoin’s social dominance increases, it reflects a surge in online discussions about the token—often a bullish indicator. Conversely, a decrease in dominance usually signals a decrease in discussion, which can weaken demand.
According to Santiment, FARTCOIN’s social dominance recently jumped to 0.70%, signaling widespread excitement around the Solana meme coin online. If this trend continues, it could increase buying pressure and push the meme coin’s market capitalization past the $1 billion mark.
Additionally, Fartcoin’s trading volume offers another strong indication of potential growth in both its price and market capitalization. This volume is currently approaching the $100 million threshold, suggesting significant activity in the market.
With prices up 42% in the last 24 hours, this increased momentum could help the uptrend continue, pushing the token closer to new milestones.
FARTCOIN Price Prediction: $1 Looks Likely
On the daily FARTCOIN chart, BeInCrypto saw a noticeable rise in the Bull Bear Power (BBP) indicator. BBP compares the strength of bulls (buyers) and bears (sellers). When the value is positive, it means the bulls are in control and the price may go higher.
On the other hand, a negative value indicates that the bears are gaining the upper hand and the price may fall. Given the current outlook, the price of meme coin is likely to rise to $1 in the short term.
If this happens, Fartcoin’s market cap will reach $1 billion. However, traders should be careful. If the meme coin faces intense profit-taking, the situation may change. In this case, the cost may drop to $0.40.
