What a 12 months it has been for FUN Token.
From being acquired by a Bitcoin on line casino with 41 million customers to creating a short however highly effective foray into the Top 100, FUN Token has executed all of it in 2021.
And it’s solely April.
Seeing the rising demand for the token, Binance has introduced the FUN Token Trading Competition. Is FUN Token value investing in? Let’s have a look.
FUN Token Surges by 700% in 3 Months
The FUN Token is an ERC20 token created in 2017 by FunFair Technologies with a view of selling decentralized gaming within the on-line playing business. Seeing its potential, FreeBitco.in adopted it as a Premium Membership Token for its large consumer base.
FreeBitco.in is the seventh-largest on-line on line casino on this planet with over 41 million customers; this publicity prompted FunFair Technologies handy over the reins of the token to FreeBitco.in.
The distinction is obvious as FUN Token has appreciated by 700% for the reason that flip of the 12 months. In the final Three months, FUN Token’s market cap has jumped from a meager $35 million to an enormous $410 million.
At the time of writing, FUN is buying and selling at $0.038.
Technical Analysis: Binance Trading Competition to Push FUN Higher?
On the 4-hour chart, we are able to see a transparent breakout as the worth simply took out the 20MA and the 50MA in the previous couple of days.
We might see the FUN Token worth touching $0.04 once more, and because the Binance buying and selling competitors will get into gear, we might see the worth retest and push effectively above the $0.042 mark.
On the every day chart, we are able to see a flag breakout sample. The buying and selling competitors might assist FUN breakthrough and even cross the $0.05 degree.
Verdict: The Breakout Signals a Buying Opportunity
With the FUN Token worth naturally transferring in the direction of a breakout on the every day chart and buying and selling competitions traditionally being an excellent proposition for worth appreciation, FUN Token seems to be like an honest purchase.
If buying and selling is your factor, you’ll be able to be a part of the Binance contest too.
About the Binance – FUN Token Trading Competition
The FUN Token buying and selling competitors is open to each new and current Binance customers. If you’d prefer to take part, right here’s the way you do it:
1.The contest prize pool is $250,000. It is split into two promotions:
A. Promotion A: New customers can register utilizing a present hyperlink in the course of the contest interval to win a assured share of $30,000 in FUN Tokens. They can additional commerce greater than 15,000 FUN at Binance to earn a attainable $100 bonus.
B. Promotion B: Existing customers that commerce greater than 50,000 FUN in the course of the contest interval at Binance are eligible for a share of the larger $200,000 prize pool.
2.Click here to be taught extra and get your present hyperlink.
3.The contest ends on fifth April, 23:59 UTC. Trade FUN to win FUN!
There are a number of initiatives within the pipeline for FUN Token because it strikes into a brand new part of its existence. The indicators are trying good already and it’s undoubtedly value a watch for the longer term, or perhaps even the current.
