What's up Friends, today I will talk about the FORM token. Many of you may have noticed that the price of the token has recently pumped quite a bit. I thought, let's do a little research on the token and share my analysis with you.
First, what exactly is this FORM token? In simple terms, the FORM token is a new form of the previous BinaryX (BNX) token. It is basically a gaming project built on the BNB chain. Their main goal is to connect Web3 technology with the gaming world.
I saw some information about it that seemed quite interesting. Its market cap is about $162 million, and it is ranked 170th in the crypto rankings. Its total supply is 580 million, of which a large part (more than 381 million) has already entered the market. This is a good thing because the risk of a price drop is somewhat low due to the sudden arrival of many new tokens in the market.
Now, if we look at the chart, we can see a big green candle. This means that people's interest in the token has suddenly increased, and many are buying it. As a result, the price has increased by about 17%. Indicators like the Moving Average (MA) and MACD on the chart are also showing an upward trend, which is a positive direction for the current market.
Overall, I think the FORM token is quite promising at the moment. There is a working project behind it, and the technical chart is also showing good signals.
However, always bear in mind one element:t, the crypto market could be very risky. After a coin has grown so speedy, it is every day for the charge to decrease or stabilise a little. Therefore, before making any selection, you ought to do more research on your own. Profit or loss, each is absolutely your own.
I just shared my personal opinion. I hope this helps you get an idea,a t least a little.
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