FARTCOIN is attracting strong attention as it surpasses Dogecoin in trading volume, liquidity, and Q2 performance, raising questions about the power shift in the memecoin market. With a 148% increase in value in the past quarter and surpassing the psychological threshold of $1, FARTCOIN is no longer just a simple memecoin but is proving its sustainable strength, attracting investment capital and positive technical prospects. Meanwhile, Dogecoin continues to hover around the $0.20 mark, struggling to build momentum. The article below analyzes in detail the differences in structural strength, cash flow, and growth potential of FARTCOIN compared to Dogecoin, providing investors with insights and the most updated view on the current memecoin trend.
The superiority of FARTCOIN over Dogecoin in terms of volume and liquidity.
FARTCOIN recorded an impressive price increase of 148% in Q2 and surpassed the $1 mark, marking an important milestone in its development journey. Although it has only been less than a year since its appearance, FARTCOIN has captured 4% of DOGE's market capitalization and maintains deep liquidity with only a 0.5% price drop when selling $1 million worth of tokens, which is rare for a young token.
Unlike Dogecoin's stagnation, FARTCOIN demonstrates persistent vitality through stable growth, indicating that investors are gradually shifting their attention towards memecoin projects with technical quality and solid on-chain foundations.
Liquidity and on-chain structure reinforce FARTCOIN's position.
FARTCOIN's on-chain data shows that the coin holding index (HODLer retention) has reached nearly 90%, the highest since its launch. Notably, liquidity in the derivatives market is also recovering, with Open Interest nearing the mid-June peak of $800 million, demonstrating the return of speculative capital.
In contrast, Dogecoin is showing signs of technical weakening as Futures activity stagnates and Open Interest remains at a consistently low level, signaling a decrease in trading participation as well as capital flow.
The difference in price action and technical strength of FARTCOIN and DOGE.
The daily chart of FARTCOIN shows sharpness in its technical structure, undergoing a clear accumulation phase before a strong bullish breakout. Since March, FARTCOIN has experienced a parabolic increase of over 400% in just two months, peaking at $1.58 at the end of May.
Meanwhile, Dogecoin is caught in the overall bearish trend of the market, gradually declining and continuously setting new lower lows, most recently returning to the level of $0.12, equivalent to the low before the election. This indicates that DOGE is losing technical strength and sustainability in the market.
FARTCOIN leverages a strong support point to increase its bounce.
FARTCOIN has just made a strong recovery from the important support level of $0.80, rising 24% in just the past week. This move is not coincidental but stems from stable demand and a healthy market structure that is being solidly built beneath the price surface.
This raises the possibility that FARTCOIN will continue to maintain and expand its upward momentum, even potentially becoming the leading memecoin thanks to stability and investor confidence while Dogecoin gradually falls behind.
Can FARTCOIN overthrow Dogecoin's position in the Memecoin market?
Although Dogecoin still holds the title of the 'king' of memecoins in terms of popularity, the current technical situation and cash flow indicate signs of market share and attention shifting. FARTCOIN demonstrates potential along with technological strength and community, which could make it the preferred choice for investors looking for a memecoin with better fundamentals.
This shift reflects a progression in the memecoin market from a purely short-term trend to a phase of shaping with projects that have sustainable development foundations, proving the maturity and increasing specialization in the cryptocurrency field.
Source: https://tintucbitcoin.com/fartcoin-vuot-xa-thanh-tich-dogecoin/
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