While the 7% surge in the last 24 hours may not make FUNToken the most trending crypto, it has shown the market the future potential upside it holds.
The utility crypto has had a tumultuous run as of late. However, that hasn’t stopped it from gaining ground on the intraday price charts. The community is now hoping that the momentum could continue in the long term.
However, the current price action suggests that there may be a breakout on the way.
While the long-term price action of any asset at the moment is beholden to macroeconomic conditions, FUNToken’s hourly chart tells a different story.
Source: CoinMarketCap
As shown above, a clear ascending triangle has started to form, with $0.0024 being the main rejection point for the project. Provided that FUNToken does break out past this level, it could be possible for the FUN price to make a further upward move.
Currently trading above the $0.0022 level, and with a market cap of over $24.8 million, FUNToken is a low-cap investment option available for investors. Given that this utility token has continued to leverage its gaming attributes to get a boost in value, it is possible for it to gain more ground in the time to come.
What’s driving this micro-level growth? The obvious answer lies in the number of engaging competitions on social media. Much of the green candles in the FUN price chart started to appear after the announcement of its $5 million FUNToken giveaway, an event designed to reward the stakers.
According to the official reward page, which is 5m.fun, the $5M Giveaway is designed to be more than a marketing event, but a way to turn the passive aspect of staking into an element of active contribution. Per the rules, every $FUN staked through the campaign is locked in a verified Ethereum smart contract, and when a price milestone is achieved, users will earn rewards proportional to the amount of tokens they staked.
The simple rules applied to this are as follows:
This is an approach that rewards users based on their contribution to the project and the price performance.
FUNToken has been active on the market since 2022. So when the price chart is zoomed out, it is clear that the entire ecosystem is undervalued. The RSI of 22 makes an obvious revelation that FUNToken is a massively undervalued asset.
Therefore, the intraday momentum is important for the token. Once the resistance level showcased in the intraday chart above is broken through, an upward momentum could follow. That could have a macro positive impact on the price chart and potentially push the RSI inside the normal zone.
From the price chart available on CoinMarketCap, it is easy to perceive FUNToken as an asset still considered a new player in the world of high-cap assets. However, it is its low-cap attribute, affordability, and utility-centric use case that continue to yield positive results among investors.
According to CoinMarketCap’s community sentiment, 84% of crypto enthusiasts have viewed this project positively and are bullish about its long-term prospects.
FUNToken has already proven itself to be a different sort of asset given its propensity for engagement and its focus on growth. However, when it comes to the true factors responsible for pushing the FUN price to new heights, here are the following aspects to keep in mind.
FUNToken’s core design is based on a transactional and participation layer for the gaming economy. Its native digital token, FUN, has multiple functionalities. One is to simplify payments, and another is to push for a DAO that could improve transparency. The third attribute, however, is the most important, for it forms the foundation of why FUN is growing: rewarding loyalty.
For one, players are able to use $FUN to access engaging features and win prizes. Holders can stake $FUN to earn rewards, and developers gain incentives by integrating $FUN into on-chain gaming environments.
FUNToken’s recent $5M giveaway has shown how engagement can be turned into scarcity events. The entire focus of the $5M giveaway is to bring more stakers to lock their tokens, and as the tokens get locked, they become scarce. This scarcity has created a contraction in the supply that’s already showing an increase in the FUN price.
According to the latest update, over 33 million tokens have been staked already.
While this is a limited-time event, one that will end on January 31st, 2026, the intraday price action suggests that this could be turned into a staple to push the FUNToken price further up.
FUNToken has cleverly implemented a mechanism through its $5 million giveaway that, at least until the beginning of next year, could help generate positive price action on the intraday charts.
However, what looks to be a standard price jump powered by a short-term reward mechanism can add up in the future, creating a foundation for a more sustainable level of growth. Each token staked pushes the project toward long-term expansion, and each user engaged helps create a community of bulls that could help it weather the tide of a crypto winter when it arrives.
It creates a loop for a circular economy in which engagement is rewarded, bringing more engagement to push the price of the token further. While macro factors will continue to contribute, FUNToken has strengthened its community enough to sustain its momentum for the long term.
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