The entire market is indulged now, except for one MimCoin currency. The price rose to about 19 % today and the level of $ 1.00 is now trading. The famous YouTube Gerhard released a video of what leads the noise about Fartcoin now.
Fartcoin was behaving like him in a parallel world. Although Altcoins is the other tanks, they have been able to do so in the quadruple value over the past ninety days. It does not exceed the performance of the day only-Mimi’s best symbol was largely performance, as it exceeded his competitors like SPX6900, which only managed to double.
But this height was not smooth. Fartcoin’s trip was a rotation: it was launched in about five cents, rose to two dollars, crashed to twenty cents, then started to rise again. The video creator, Gerahard, was following him from the first days, and the first video of it appeared 228 days ago, when the price was still in Nickel.
Now, Fartcoin sits near the top of the Solana Memecoin. It is the second largest distinctive symbol, behind the Trump icon. What is shocking is the maximum market to one billion dollars. This is five times higher than the following distinctive symbol, peanuts, which is about $ 200 million. There is no gradual accumulation. It jumps directly from #2 to #1 with a huge gap.
So what is happening? Gerhard digs in data and finds something interesting. Despite all this procedure, the number of wallets carrying Fartcoin has not already increased in 2024. In fact, in all the sizes of the portfolio-from small merchants there is growth in whales. This means that the price is not paid by more people who buy, but through the stakes learned on the central stock exchanges and in the futures markets.
The futures market is the place where most procedures are located. More than a billion dollars have been traded in the permanent futures for Ferkin during the past 24 hours, compared to only $ 60 million in the instant market. Traders are betting on the price instead of buying and keeping the actual currency. And robots programs are then moved on the differences between future contracts and the actual distinctive symbol on the chain.
Gerhard notes that the small portfolios, which may include arbitration robots, are now dominating trading. But smart money-whales-is quietly selling. They bought early, and now they are throwing retail merchants who just arrive late at the party. This behavior is a warning sign. If the whales come out and there is no organic buyer growth, it may mean that trouble.
There is also a roof for a funkin when compared to Solana. On the US dollar chart, the peaks are not completely in line with, but when they are priced at Sol, they do so. This means that there is an end to the extent of Fartcoin in the current circumstances. Gerhard believes that there is a more negative aspect than going up now, warning that the distinctive symbol can decrease by up to 80 % of the current levels.
Supports all this analysis with data on the chain using customized information panels that he built Sandin dune analyzes. These tools help him to track those who buy, and who sells, and whether new people enter the distinctive symbol. It is an approach based on data that avoids noise.
In the end, Gerahard’s message is clear. Although the last Fartcoin height seems impressive, it may not be sustainable. The price is raised by leverage and real demand. And when it takes advantage of relaxation, the fall can be sharp. As always in encryption, timing and data are more important than the duct.
Also read: To what extent can the price of Dogoin (Doge) rise in this course? This graph gives an idea
Follow us X (twitter)and Coinmarketcap and Binance Square For more daily encryption updates.
Read the recent encryption market updates, news and technical analysis here.
We recommend etoro
The community of active users and social features such as news extracts, and chats to obtain specific metal coins available for trading.
A wide range of assets: cryptocurrencies along with other investment products such as stocks and traded investment funds.
Trading copies: It allows users to copy prominent traders trading, for free.
Easy to use: ETORO web platform on the web -based etoro and the mobile application is easy to use and easy to move.
