We can realize a detail here, first of all cryptocurrencies in general are rising in price, this is something that can be quite good for all of us, however those who are afraid of their FUN token investment, there is something here that It gives hope, since it is growing in price
No same hope for different altcoin projects because altcoin projects and their tokens can be useless, no use case, no solid finance behind to keep up demand on the token, trading volume as well as support its price. $FUN token is backed by Freebitco.in casino and it is a very big difference. Hope is put in a right platform, good token in this case.
it means that when bitcoin reaches a price of less than $100k, this token may skyrocket, even much more than the ATH that they have registered, this means that it is shown that this token is safe investment, for now it is, I say for now, for the simple fact that anything can happen in crypto, but this should give many investors peace of mind.
Only good tokens can recover in a bear market and some of them will grow more in a next bull run. Many altcoins fail to recover and can not have their bull runs when Bitcoin is bullish after a halving and some old altcoins making their new all time highs as well as many new altcoins catch big capital from altcoin enthusiasts.
Quality of an altcoin project will decide that token price, if quality is low, token price will not have good price. If its tokenomics is designed badly, inflated too much, price will be dumped with time.