Biggest Altcoin Gainers of the First Week of January 2025

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.

SPX Price Analysis. Source: TradingView

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.

A break below this level could trigger further declines, pushing the price down to $0.819 or even $0.615.

Ethena (ENA)

Ethena, an Ethereum-based platform building a synthetic dollar, has emerged as one of the top-performing altcoins this week, with its price surging 37% in the last seven days.

The announcement of its 2025 roadmap, which includes a Telegram payments app and plans for TradFi adoption, has fueled significant investor interest.

ENA Price Analysis. Source: TradingView

With a market cap of $3.77 billion, ENA is now just 19% below its previous all-time high. If the uptrend persists, ENA could break the $1.32 resistance and move closer to testing its all-time high of $1.50.

However, if momentum fades, ENA may retest the $1.12 support level, and a failure to hold that could push the price down to $1.01.

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