Biggest Altcoin Gainers of the First Week of January 2025

2025-01-06 09:34:58 Primitive Reading

From beincrypto by Tiago Amaral

Three altcoins are in the spotlight this week, with Fartcoin (FARTCOIN), SPX6900 (SPX), and Ethena (ENA) delivering impressive performances. FARTCOIN, a rising star in the meme coin space, surged 67% in the past seven days, hitting new all-time highs and securing its place as the fifth-largest meme coin on Solana.

SPX also reached a new all-time high with a market cap of $1.22 billion, climbing 63% this week, despite a slight dip in trading volume. Ethena (ENA), meanwhile, gained 37% following the release of its 2025 roadmap.

Fartcoin (FARTCOIN)

FARTCOIN, first launched on Pump.fun, now has a $1.4 billion market cap and surged 67% in the past seven days. The coin has consistently hit new all-time highs over recent weeks, solidifying its position as the fifth-largest meme coin on Solana.

Its EMA lines remain bullish, signaling potential for continued upward momentum. If the uptrend persists, FARTCOIN could test the $1.61 resistance, and a breakout could push the price to $1.7 or even $1.8.

FARTCOIN Price Analysis. Source: TradingView

However, if the support at $1.299 fails to hold, a sharp correction could ensue, potentially driving the price down to $0.92 and below the $1 mark.

SPX6900 (SPX)

SPX has achieved a new all-time high, with its market cap reaching $1.22 billion, placing it among the top 100 largest altcoins. The coin has surged 63% over the last seven days, showcasing strong bullish momentum despite a 27% drop in trading volume over the past 24 hours.

If the uptrend continues, SPX could rise further to test resistance levels at $1.40 and potentially $1.50 for the first time. However, if the trend reverses, SPX could retest its closest strong support at $0.93.

Disclaimer: This specification is preliminary and is subject to change at any time without notice. Amazon Finance assumes no responsibility for any errors contained herein.