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- Fartcoin’s meteoric rise highlights meme coin momentum, while LUNC and Avalanche are under scrutiny for potential rebounds and key developments.
- Collaborations and token unlocks shape this week’s crypto dynamics, positioning LUNC, AVAX, and Fartcoin as market highlights.
Following a CNF update on 5 Key Terra Luna Classic Developments, Terra Luna Classic (LUNC) is gaining renewed attention after Cardano founder Charles Hoskinson hinted at potential collaboration. In a recent social media exchange, Hoskinson expressed openness to integrating Bitcoin DeFi into Cardano and fostering partnerships, sparking speculation about LUNC’s inclusion.
LUNC has struggled recently, dropping 50% from its December high and falling below key support levels. A potential partnership with Cardano could rejuvenate its prospects. However, traders remain cautious as further declines to its August low of $0.00005475 are possible without an immediate recovery.
Fartcoin Rides Meme Coin Momentum
Fartcoin, a whimsical entrant in the meme coin sector, has soared by over 27%, achieving a market cap of $2.18 billion. Launched in October, it is now the sixth-largest meme coin, buoyed by whale activity and smart money investments after its listing on SwissBorg.
While some analysts foresee a potential retest of key support at $1.6115, others remain optimistic about its long-term trajectory. Altcoin Sherpa humorously remarked, “Hot air rises,” while reaffirming his bullish stance on Fartcoin in a recent tweet:
“Sold a bit of my stack earlier today and then rebought an hour later. I’m not selling this coin for a while—viewing it as a strong play for this cycle. Fartcoin to $10, hot air rises.”
Avalanche Prepares for Token Unlock
Avalanche (AVAX) is another crypto in focus this week as the network prepares to unlock 62.25 million tokens. Token unlocks often impact staking yields and market dynamics. AVAX’s price has already pulled back to $36.95, but at the time of writing, it is trading at $38.33, reflecting a 2.81% increase in the past day and 11.18% over the past week.
A bullish falling wedge pattern on the daily chart suggests potential for a rebound. If the pattern holds, AVAX could surge by 52%, targeting its December high of $55.7. Investors are closely monitoring developments as the token unlock progresses.
Other Coins Worth Watching
Last but not least, Ripple, Solana, Litecoin, and Hedera Hashgraph are also gaining attention this week due to rising optimism about ETF approvals under the Trump administration. These developments, alongside the spotlight on LUNC, Avalanche, and Fartcoin, are shaping a dynamic week for the cryptocurrency market.
