Many coins and tokens in the digital currency space seem to travel in similar patterns. As the value of bitcoin (BTC), the most valuable cryptocurrency by market capitalization, rises, the value of other digital tokens rises as well. As BTC falls in value, other players in the space may follow suit. Learn all about the fun coin, like what is fun token and platform available to buy it. Factors determine Bitcoin’s Price:
- The supply of bitcoin and the demand for it on the market
- The price of generating a bitcoin through the mining process.
- Bitcoin miners get compensated for checking transactions on the blockchain.
- The number of cryptocurrencies in competition
- Regulations regulating its selling on the markets it trades on
- Internal management
After dropping to nearly 50% of its all-time high on Sunday, the price of bitcoin has recovered at the start of the week. China’s announcement of yet another crackdown on crypto mining caused the most recent drop, though more positive news in the space has helped to boost the crypto market. Investing in bitcoin can make you wealthy, and it can also be used to acquire fun coins. Before investing learn what is fun token, and why it is important. In the available platform, you will receive a fun token by using bitcoin. The FunFair Initial Coin Offering (ICO) took place in June 2017 and raised $26 million in just four hours.
For the entire cryptocurrency industry, 2020 is a pivotal year. This is the third bitcoin halving year, which typically marks the beginning of a new bull market era.
After this case, Bitcoin and altcoins like FunFair are likely to see substantial price increases. By the end of 2020, Funfair will be worth USD 0.01394, and it will continue to gain positive traction a year after bitcoin’s halving.