Damn man that’s really low supply that is to be added to the circulation. It’s almost over and yet FUN is not taking any serious changes in the price hikes. I am more maximalist here about FUN so I just hope this will soon aggravate the fun market and make it go crazy with the price. Has anyone noticed the supply correlation for the FUN yet? What other factor is letting it down in terms of price hikes.
I took a look at its trading volume and it's shockingly low. Under $100,000 on Binance. Low demand and a huge circulating supply means it is expected to see such low prices. The token burns have not really had any effect since the amount burned was so small.
Although it should depend on the kind of relationship freebitco has with binance, I would say that if they have not so cordial relationship, there is the possibility that fun token might end up being delisted from the top exchange due to critical low trading volume, which also translates to low interest in the token.
I think the major problem with fun token is that it lacks real utility, and tokens without utility hardly do well in times as this when the entire market seems like its crumbling, aside staking and some premium advantage enjoyed by users of FreeBitco.in, the token has no usecase, and this is something the team should really look into if at all, they have any care for the price of the token and want to see it grow.