Funfair (FUN) is a relatively new cryptocurrency on Bitfinex. According to the information on the website, they use blockchain technology to revolutionize the online casino industry.
I think it is always a good idea to invest in coins with a price tag below $1.0. It is like a psychological barrier. When you invest your $100 in X, which has a price tag at $1, you will have 100 x. But, when you invest Y with a price at $0.1, you will have 1000 y. You fell richer because you will have more amounts.
Anyways, Bitfinex announced on January 8th, 2018 that people can trade FUN against USD, BTC and ETH. I always prefer USD, because it is -for sure- relatively stable compared to BTC and ETH.
After the announcement, in one week, FUNUSD depreciated by around 75% from 0.25 to 0.06.
However, it has been increasing gradually since then and there is big potential in my opinion.
Based on the Elliot Wave counts, we probably completed a "1st wave" but it is possibly not a macro wave. I mean we still have 4 more waves and these waves may be the 1st macro wave.
With additional price figures, we can speculate more accurately but, this impulsive initial move can reach $0.30 in the next days, which is a 200% increase from today's price level ($0.099).
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