Trading view funtoken analysis
Fun token is currently testing a key support level that acted as resistance at the start if the year around early january during the start of the big run..............I believe we have reached a make or break point for the token where it will have to decide where it will go. This might be the bottom price level where the token will consolidate for a while otherwise if it breaks the level shown in the image above we might be in for a ride
I am afraid that it will not break through that barrier, if it does not get multiple use cases for the token soon. I was glad when I saw this being posted ===> https://www.sigma.com.mt/news/fun-token-price-grows-100-from-freebitco.in-utilisation
The thing is.... they are marketing this ==> "FreeBitco.in has over 41 million registered users"..... but how many of those users are active and how many of them are buying tokens? My guess is... the majority are "idle" or "abandoned" accounts or just accounts that was created to leech some free Satoshi.. not people with money to buy tokens.
No one knows exactly how many users are actually buying the token but one thing is for sure and that is even if just 5% of that " 41 million users " should get level 1 membership you can stay rest assured that that is nothing less than = 0.05* 41mill * 2500 = 5.12 billion tokens purchased which is about half the total supply of fun tokens reference to coingecko as at today