Fartcoin surges past $1! Why are Dogecoin and Shiba Inu Coin lagging behind?

Fartcoin recently broke the key price level of $1, becoming one of the few meme coins to reach this milestone, attracting market attention. In contrast, Dogecoin and Shiba Inu Coin continue to struggle with prices that have yet to touch $1.

**Trader Updates:**

- Renowned trader Unipcs revealed that the profits from his long position in Fartcoin have increased from $3.2 million to $5.1 million.

- Analyst Joe McCann referred to Fartcoin as “the most promising chart in current cryptocurrencies,” while anonymous trader Cold Blooded Shiller pointed out that it has broken a four-month downtrend, confirming a trend reversal.

**Technical Analysis:**

Analyst Altcoin Sherpa set the next target price at $1.30 but cautioned that there may be consolidation in the short term. Although Fartcoin's market cap ranks only 62nd, its brand popularity is promising. Other analyses indicate that Fartcoin has successfully broken through annual resistance levels, validating bullish signals.

**Market Performance:**

- Fartcoin's 24-hour increase reached 16%, with a 30-day rise of 112.8%, while Dogecoin and Shiba Inu Coin have seen negative returns in the same period.

- Whales continue to accumulate, with one wallet purchasing $3.07 million worth of Fartcoin.

- Fartcoin ranks fourth in trading volume, but still lags behind mainstream meme coins like Shiba Inu Coin.

**Brief Commentary:**

Fartcoin has shown impressive performance recently, but whether it can maintain its lead in the meme coin market will still depend on subsequent capital movements and market trends.