The Reasons for the Increase of #fun
Market Warming, Sentiment Leads
Recently, the overall sentiment in the crypto community has been optimistic; even a small piece of good news can ignite the entire market.
Small coins like FUN are the easiest to take off in a warming sentiment market, the market is chasing highs, retail investors are following the trend, and once FOMO kicks in, the price naturally surges.
Cheap + Easy to Trade, Funds Rush In
The price of FUN itself is low, allowing small amounts of capital to create large fluctuations.
As soon as short-term traders and bots take action, the market heats up immediately.
Once a key level is broken, speculative traders rush in, and the price skyrockets.
What matters is not the fundamentals, but the atmosphere + traffic + short-term chips creating the trend.
For this kind of coin, if it doesn't rise, it's fine, but once it does, it can easily go out of control.
Don't ask why it rises; the rise is the combination of faith + hot money.
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