Butthole Coin ($BUTTHOLE) has been one of the most talked about cryptocurrencies in the last 24 hours. After a 1500% increase from its launch on Dec 30th, its price currently sits at $0.10 on a $98 million market cap.
Can Butthole Coin mirror the returns of its competitor, Fartcoin, and soar to $1?
Butthole Coin Technical Analysis
Let’s start by analyzing the performance of the coin $BUTTHOLE is looking to challenge. Fartcoin has gained 10,000% since October 2024. The token is on the lower bound of a rising wedge, suggesting a rally to $2.5 if the $1.15 support level holds. If it doesn’t hold, the $0.6 support level will be the Bulls’ redemption zone.
Butthole’s whole premise is to compete with Fartcoin, and while its chart is still new, there is the possibility of a big spike up. On the 1H timeframe, $BUTTHOLE shows a strong bounce off the $0.06 support level. Strong social media chatter and an RSI of 53 indicate that a rally is a possibility.
Butthole coin’s market cap is $98 million, and a run up to $1 would mean that the market cap will sit around $970 million. This is still in line with Fartcoin’s $1.2 billion market cap at a price of $1.22.
Will Butthole Coin Hit $1?
Popular crypto commentator, Altcoin Gordon, believes Butthole Coin has huge potential after he commented on Fartcoin’s $1.35 Billion Valuation.
Another Web 3 proponent, @Kinstrata, believes that a $1 billion market cap is inevitable. This will leave the token at over $1.
The 2025 meme coin craze is well alive, and while $BUTTHOLE can soar to $1, the possibility of it going to zero is also true. Butthole Coin is purely speculative and should be treated as such.
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