And if we compare FUN to BTC price, the rates can become even more alarming, as we can already see FUN losing a lot of value compared to BTC.
1 FUN = 24 satoshis. It was 1 FUN = 36 satoshis months ago (last September I think).
FUN/BTC pair only went up when Freebitco team added the FUN tokens on their website. Each FUN token value had reached above 120 satoshis in the February month of 2021. FUN tokens price gradually decreased after that. The 25% APY looks pretty good. But the APY isn't profitable if you compare it with the fall of FUN tokens price. I had bought FUN tokens by using BTC at FreeBitco.in when the value of each token was above 120 satoshi. I would face huge loss now if I hadn't sold it earlier.
I think the decrease in the bitcoin price of fun token is tied to the increase in the usd value of bitcoin.
If we check it correctly, we will discover that bitcoin has more volatility than fun token, and as such, the price of bitcoin for some time now has been on a constant rise, as the price of bitcoin rise, so does the price of each satoshi.
And fun token hadn't has alot of new development lately, the price against usd is relatively stable, and since the usd price of satoshi is increasing due to increase in the usd price of bitcoin, the satoshi price of fun token has to decrease to match with its stable usd price..
The above is what i see that is happening.