Memecoins Outperform Bitcoin With Gains Up To 35%

Memecoins such as Fartcoin, WIF, SPX6900, and Popcat have shown remarkable performance, outpacing Bitcoin in the short term. This surge is driven by renewed enthusiasm in the crypto market, with Bitcoin itself experiencing a significant rally. Over the past three days, Bitcoin has surged by 7.35%, reaching a new all-time high near $112,000 on May 22. However, several high-risk tokens have posted even larger gains, suggesting they could continue to outperform Bitcoin as the crypto bull run accelerates.

Fartcoin, a Solana-based memecoin, has surged by 30% in the last three days, reaching $1.57 as of May 22. This rally extends Fartcoin’s strong year-to-date performance, up 74.50%, amid the ongoing memecoin frenzy. In comparison, Bitcoin has risen by 18% so far in 2025. Technically, Fartcoin is trading within a well-defined ascending channel that began forming in early March, suggesting sustained bullish momentum. The memecoin has also broken above its 50-day exponential moving average, currently near $1.06, a key support level in uptrends. FARTCOIN’s relative strength index was hovering near 64 as of May 22, suggesting there is room to run before selling conditions emerge near the overbought threshold at 70. If the uptrend holds, Fartcoin could retest the channel’s upper boundary near $2.74 by June, up 80% from the current price levels.

Dogwifhat (WIF), another Solana memecoin, has outperformed Bitcoin during the recent rally, up over 27% in the past three days. However, it has underperformed the top cryptocurrency year-to-date, down about 38%. A bull pennant formation may put Dogwifhat in a position to catch up in the coming weeks. As of May 22, WIF’s price was testing the pennant’s upper trendline for a breakout, with its technical target at around $2.50, up about 125% from the current price levels. The upside target aligns with the 0.5 Fibonacci retracement line, which has served as resistance during WIF’s consolidation phase between November 2024 and January 2025.

Ethereum-based SPX6900 has surged by 35% in the last three days, paring its 2025 losses. It is underperforming Bitcoin on a year-to-date timeframe but shows the potential of outperforming BTC this cycle in percentage terms. At the core of this bullish outlook is SPX6900’s ongoing bullish reversal attempts. As of May 22, the memecoin had entered the breakout stage of its prevailing ascending triangle pattern, eyeing a rally toward $1.34 by June. The upside target is up 50% from the current price levels, which was the resistance in January.

Solana’s Popcat (POPCAT) gained 30% during Bitcoin’s rally, reaching its record high, but it remains an underperformer year-to-date. However, a convincing cup-and-handle formation on POPCAT’s daily chart increases its potential of outperforming Bitcoin in the coming weeks or months. As of May 22, the memecoin was testing the pattern’s neckline at $0.57 for a breakout toward $2.50, up by over 350%. This target is obtained by adding the neckline—a potential breakout point—to the cup-and-handle’s maximum height.

In summary, the recent performance of memecoins like Fartcoin, WIF, SPX6900, and Popcat suggests that they could outperform Bitcoin in the current cycle. Bullish technical patterns signal more upside for these top-performing memecoins. Popcat stands out with a potential 350% rally, while Fartcoin and WIF also eye significant gains in the coming weeks. These developments highlight the potential for memecoins to continue their strong performance as the crypto market remains bullish.