This is a follow-up analysis on the current FUN token pump. My previous posts can be found here:
https://steemit.com/cryptocurrency/@cryptotanalysis/what-is-funfair-should-you-invest-in-fun-tokens
https://steemit.com/cryptocurrency/@cryptotanalysis/opportunity-to-profit-from-usdfun-tokens
As expected, the FUN token price has gone up dramatically since yesterday. This is due to Binance listing FUN tokens on its exchange and is currently holding a contest. The top 206 FUN token holders on Binance by October 1, 4AM UTC will receive 10,000 - 300,000 FUN tokens depending on their spot on the token holder leaderboard. More info here: https://steemit.com/cryptocurrency/@cryptotanalysis/opportunity-to-profit-from-usdfun-tokens
The price went as high as 822 satoshi a few hours ago. How high the price will be pumped is anyone's guess. However, as stated in my previous article, I expect the price to fall drastically once the Binance contest concludes as demand will drop. The price should drop to at least the 680 level which was the previous resistance level. A further drop to the whole number 600 satoshi is a strong possibility.
