Quote from: Fivestar4everMVP on June 08, 2023, 12:53:11 PM

Quote from: Strongkored on June 08, 2023, 11:42:02 AM

The post above made me realize that the FUN Token price has gone out of its usual range of $0.005001 - $0.007500 and currently in the FUN price bet the lowest available price range is Less than $0.005000 with odds @ 1.117, it will be very interesting profit if at the end of this month the FUN price can it's priced at $0.005001 - $0.007500 at current odds @4.00, it is hoped that the price range will be higher than now, not because the profit from the bet will be greater, but seeing the price slowly continue to fall not a pleasant thing for our investment.

The price of fun token is largely controlled by the price of bitcoin, if you have followed the price of fun token for some time now, you will realize that when ever bitcoin goes up In price, the dollar price of fun token also goes up, and when the price of bitcoin comes down, the dollar price of fun token also comes down, I guess this is because fun token is majorly trading against bitcoin in the exchanges where its listed.

And the current price of fun token is no surprise considering that the price of bitcoin has been majorly down lately due to the current happenings in the crypto scene, let's hope that as the price of bitcoin recovers back to its previous levels of $28k, $29k and $30k, fun token will also find its way back to its previous price range of $0.005 to $0.007 or even higher.

In theory, we say and believe like that, but in reality, it doesn't work out as we believe, because if the FUN Token price always follows the pattern of the BTC price then the price shouldn't go out of the usual range, or even never get below $0.005, in satoshi terms, finally what was previously predicted happened where the FUN price was below 20 satoshi, 16 satoshi for the selling price and 18 satoshi for the buying price on freebitcoin.
The hope is that the FUN price will not go below 10 satoshi because if that happens it will be very difficult to increase to a price of 50 satoshi, especially if the majority of FUN holders only think of locking it up to earn interest rather than being involved in trading on the exchange because the higher the trading volume of a coin the more likely it will be influence the price.