Fartcoin Soars 32% After Trump Crypto Reserve News
The Most Important Facts at a Glance
Fartcoin (FARTCOIN) has gained 32.69% within 24 hours. The price surge followed Donald Trump’s announcement of establishing a crypto reserve. Trading volume also increased by 266.51% to $193.91 million. The question remains whether Fartcoin can maintain these gains.
Fartcoin Benefits from Trump’s Crypto Reserve Announcement
Fartcoin’s recent rally began after Donald Trump announced the creation of a crypto reserve. The price rose from $0.23 to $0.36, making Fartcoin the biggest gainer among memecoins.
Trading volume also saw a sharp increase. Within a day, it surged by 266.51% to $193.91 million. At the same time, open interest – a key metric for open trading positions – increased by 14% to $157.8 million.
Can Fartcoin Maintain Its Gains?
Analyses show that demand for Fartcoin has increased in the short term. One indicator of this is the Relative Strength Index (RSI), which climbed from 36 to 43. This suggests that buyers have entered the market and pushed out sellers.
You should read that too:
-
Crash Games in Online Casinos: A Review of Games and ProvidersReading time: ~ 2 minutes
-
Animal Slots: The Best Animal-Themed Slot Games at a Glance
Reading time: ~ 2 minutes
-
Low Volatility Slots
Reading time: ~ 2 minutes
-
High Volatility Slots
Reading time: ~ 2 minutes
-
Medium Volatility Slots
Reading time: ~ 2 minutes
Another signal of increased demand is the negative spot net flow. According to Coinglass, it dropped to -133.21k after previously being at $1.02 million. A negative spot net flow means that more coins were withdrawn from exchanges than deposited – a sign of accumulation by investors.
Additionally, market sentiment is reflected in the distribution of trading positions. According to Coinalyze, 56.63% of investors bet on rising prices, while 43.37% speculated on falling prices. A positive Aggregated Funding Rate AVG confirms this trend: long positions were in higher demand, and traders paid a premium to hold short positions.
Our Assessment
Fartcoin is currently experiencing speculative demand, triggered by positive news from the crypto sector. If this speculation turns into sustainable demand, the price could continue to rise and reach $0.42.
However, sellers are still active in the market. If interest wanes, Fartcoin could fall back to $0.29. The coming days will show whether the trend stabilizes or a correction follows.
| Wagering requirements | 35x bonus |
| 35x free spins winnings | |
| Minimum deposit | €20 |
| Maximum bet | €5 |
| Bonus validity | 30 days to claim |
| 14 days to wager / 7 days for free spins |
- There is no maximum bonus amount.
- 10 Free Spins per day over ten (10) days on Gates of Olympus or Book of Ra Deluxe.
| Wagering requirements | 40x bonus |
| 40x free spins winnings | |
| Minimum deposit | 0.0005 BTC |
| Maximum bet | 0.00004 BTC |
| Bonus validity | 30 days after registration |
| 14 days (1st), 7 days (2nd), 1 day (3rd) |
- To get the bonus, enter the bonus code before the deposit.
- Minimum deposit: 0,07 BCH • 0,4 LTC • 233 DOG • 45 XRP • 0,01 ETH • 20 USDT • 69 ADA • 0,05 BNB • 184 TRX • 20 USDC.
- Maximum bet: 0.007 BCH • 0.0009 ETH • 0.04 LTC • 23 DOGE • 2 USDT • 4 XRP • 18 TRX • 7 ADA • 0.005 BNB • 2 USDC • 2 EUR • 2 USD.
- Free spins are provided in batches of 25 per day.
- Free spins are credited on the Gamebeat slots: Max Miner (1st), Book of Elixir (2nd) and Odin’s Tree (3rd).
| 1st deposit | 120% up to $500 + 100 Free Spins |
| 2nd deposit | 100% up to $300 + 100 Free Spins |
| 3rd deposit | 150% up to $500 + 100 Free Spins |
| 4th deposit | 100% up to $300 + 100 Free Spins |
| Wagering requirements | 35x bonus |
| 60x free spins winnings | |
| Minimum deposit | $10 (1st) |
| $15 (2nd-4th) | |
| Maximum bet | $5 per round |
| Bonus validity | 30 days to claim, 7 days (1st-4th) |
| 7 days for free spins |
- You must complete the registration and verification process, including a valid email or phone number, to qualify for this bonus.
- You must select the desired bonus during the deposit process.
- There is a maximum withdrawal limit of $10 from winnings derived from free spins.
Advertising transparency