I'm back with info from my investing in FUN token. So 09.01. I bought 12500 FUN token , so everyday I get 5 free spin.
***In 30 days its 150 free spin. I get 2700 RP and 0.00002400 BTC , rest was lottery ticket which is not worth.
Bad thing for me is that I give 37 sat per Fun token and now I can sell it for 30 sat. So I will rather hold it and hope that price / BTC will raise again.
I will post next month another post with all my winning on WoF.
to return the price per 37 satosi on the FUN to BTC exchange, of course, waiting for the BTC price to fall again or really be in a bearish market again, even if you sell it in BTC when the market is bearish what's the point, isn't it necessary to see it from the value of fiat currency to see the point even ***In 30 days its 150 free spin. I get 2700 RP and 0.00002400 BTC , rest was lottery ticket which is not worth.
Bad thing for me is that I give 37 sat per Fun token and now I can sell it for 30 sat. So I will rather hold it and hope that price / BTC will raise again.
I will post next month another post with all my winning on WoF.
Well, in order for FUN to really shoot, it needs to increase the number of holders, but with today's rather high capitalization of more than $72 million, in order to reach ATH 2018, the capitalization should be more than $13 billion, which I think is not achievable.
I agree that it is quite a huge amount but you see once a group decided to hype and pump a certain token, it doesn't need such a huge amount, it just needs a sudden increase in demand that will eat up all the sell orders making the price surge which may trigger FOMO and make the price skyrocket until the market catches up and holders sell for profit to correct the market price again.
So for the Fun token to rally in price, it is either some group pump it or holders hoard it keeping the circulating supply small creating articial scarcity in the market.