Top Cryptos to Watch: LUNC, Avalanche, and Fartcoin Surge Amid Market Rebound!

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Last week, cryptocurrencies bounced back following the release of positive core consumer price index figures from the United States.

On January 17th, Bitcoin (BTC) exceeded $105,000 and aimed to reevaluate its record high of $108,200. In stark contrast, Trump’s official meme coin unexpectedly rose to be the second-largest meme coin in the market, following closely behind Dogecoin.

Solana, Raydium, and Jupiter also surged, riding the Trump meme coin wave. 

Looking forward, make sure to monitor AVAX, Terra Luna Classic (LUNC), and Fartcoin (FARTCOIN) for upcoming developments. Here’s the reason.

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In the time to come, pay attention to AVAX, Terra Luna Classic (LUNC), and Fartcoin (FARTCOIN). Here’s why you should.

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As we move forward, be vigilant about AVAX, Terra Luna Classic (LUNC), and Fartcoin (FARTCOIN). This is the reason.

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In the days to come, stay alert regarding AVAX, Terra Luna Classic (LUNC), and Fartcoin (FARTCOIN). Here’s the explanation.

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Looking ahead, observe AVAX, Terra Luna Classic (LUNC), and Fartcoin (FARTCOIN) for further updates. Let me explain why.

Terra Luna Classic in focus amid a potential Cardano partnership

This week, keep an eye on LUNC, the surviving token from the collapse of Terra, as Charles Hoskinson has indicated a possible collaboration may occur, suggesting potential growth.

On a recent post over the weekend, he expressed his intention to combine Decentralized Finance (DeFi) of Bitcoin onto Cardano, enhance its scalability, and forge collaborations.

A fan of Terra Luna Classic responded and proposed a possible joint venture between the two entities. He emphasized that the community has been driving the project since it was left by Do Kwon. In a subsequent message, Hoskinson expressed his readiness for such collaboration, suggesting a potential alliance between the two projects.

Since 2022, $LUNC has been operating under the guidance of IOHK_Charles. It would be fascinating to witness collaboration between these two chains. The community has stepped up since stablekwon left it behind, and Binance regularly burns the supply each month. I highly recommend exploring this project.

— Mr. Diamondhandz1💎 (@MrDiamondhandz1) January 18, 2025

Forming a partnership could significantly aid the recovery of LUNC, as its value has plummeted about half from its peak in December.

The price has dipped beneath the downward sloping trendline that links the lowest points since August 24th, and it’s also fallen below the 50-day moving average. This suggests a potential drop towards $0.00005475, which was its low point in August.

Avalanche token unlock ahead

The drop in Avalanche’s price wiped out some of the progress achieved towards the end of last week. It fell back to $36.95, which is its lowest level since January 14.

This week, AVAX could be a noteworthy cryptocurrency as it unveils 62.25 million coins within its network. The coin unlock typically adds new tokens to the network and may influence the returns from staking.

In the coming days, there’s a possibility that Avalanche’s price might rebound due to its formation of a falling wedge chart pattern on the daily chart. This pattern is created by two trendlines that are gradually converging and usually results in a significant bullish breakout. If this happens, it could push the price up to its previous high from last December at $55.7, which represents an approximately 52% increase from the current level.

Fartcoin doesn’t stink

You might consider adding Fartcoin to your crypto portfolio, given its increasing popularity. On Sunday alone, it experienced a significant rise of more than 27%, pushing its total market value up to approximately $2.18 billion.

Originally minted on October 18th, this digital coin has climbed its way up to become the sixth largest meme-based cryptocurrency in circulation. After its listing on SwissBorg, whales and savvy investors have been consistently purchasing the token that’s inspired by flatulence.

Consequently, Fartcoin may draw attention as investors ponder if there’s more room for it to rise. More plausibly, it might dip and revisit its significant support at $1.6115, which was its highest swing on Jan. 3. This potential movement would be a part of a break-and-retest pattern, a common indication of continuation in price action.

Some cryptocurrency enthusiasts are looking forward to Trading with Fartcoin. On the 16th of January, Altcoin Sherpa announced “risen steam prevails” and deemed it a “solid choice for this phase.” Here’s their analysis.

As an analyst, I recently divested a portion of my Fartcoin holdings earlier today, only to repurchase the same amount an hour later. This move was prompted by my renewed conviction that I will not be selling this coin in the near future. Instead, I view Fartcoin as a robust investment for this cycle, with its potential soaring up to $10 and the notion that hot air rises serving as an optimistic metaphor.

— Altcoin Sherpa (@AltcoinSherpa) January 16, 2025

Other top cryptocurrencies to watch

As a crypto enthusiast, I’m keeping a close eye on Ripple, Solana, Litecoin, and Hedera Hashgraph this week. The optimism surrounding these cryptos is high due to potential ETF approvals under the Trump administration, which could significantly boost their value.

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2025-01-19 18:34