What a year it has been for FUN Token.
From being acquired by a Bitcoin casino with 41 million users to making a brief but powerful foray into the Top 100, FUN Token has done it all in 2021.
And it’s only April.
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 promoting decentralized gaming in the online gambling industry. Seeing its potential, FreeBitco.in adopted it as a Premium Membership Token for its massive user base.
FreeBitco.in is the seventh-largest online casino in the world with over 41 million users; this exposure prompted FunFair Technologies to hand over the reins of the token to FreeBitco.in.
The difference is evident as FUN Token has appreciated by 700% since the turn of the year. In the last 3 months, FUN Token’s market cap has jumped from a meager $35 million to a massive $410 million.
At the time of writing, FUN is trading at $0.038.
Technical Analysis: Binance Trading Competition to Push FUN Higher?
On the 4-hour chart, we can see a clear breakout as the price easily took out the 20MA and the 50MA in the last few days.
We could see the FUN Token price touching $0.04 again, and as the Binance trading competition gets into gear, we could see the price retest and push well above the $0.042 mark.
On the daily chart, we can see a flag breakout pattern. The trading competition could help FUN breakthrough and even cross the $0.05 level.
Verdict: The Breakout Signals a Buying Opportunity
With the FUN Token price naturally moving towards a breakout on the daily chart and trading competitions historically being a good proposition for value appreciation, FUN Token looks like a decent buy.
If trading is your thing, you can join the Binance contest too.
About the Binance – FUN Token Trading Competition
The FUN Token trading competition is open to both new and existing Binance users. If you’d like to participate, here’s how you do it:
1.The contest prize pool is $250,000. It is divided into two promotions:
A. Promotion A: New users can register using a gift link during the contest period to win a guaranteed share of $30,000 in FUN Tokens. They can further trade more than 15,000 FUN at Binance to earn a possible $100 bonus.
B. Promotion B: Existing users that trade more than 50,000 FUN during the contest period at Binance are eligible for a share of the bigger $200,000 prize pool.
3.The contest ends on 5th April, 23:59 UTC. Trade FUN to win FUN!
There are several projects in the pipeline for FUN Token as it moves into a new phase of its existence. The signs are looking good already and it’s definitely worth a watch for the future, or maybe even the present.