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Funex club has experienced numerous ups and downs throughout its journey. We have a huge community that helps us to achieve a lot of milestones and they made our journey worthwhile.
Funex's Journey Begins with Research & Concept Creation
The Initial Website & Whitepaper got Designed
Funex Coin Development began on Quark Algorithm
Bitcointalk Forum got Released & Quark-Based Coin Ready for Beta Testing
Funex Mobile & Web Wallet Development Started
Funex Coin Deployed on Binance Smart Chain (BEP20)
Funex Coin Deployed on Ethereum (ERC20) & Tron Blockchain (TRC20)
Funex Coin Listed on SunSwap (Decentralized Exchange)
Funex TRC20 Token Listed on VinDAX (Centralized Exchange)
Funex New website design
Multichain Wallet Development Started
Funex Coin Ecosystem Developed
Funex Coin Staking Program Introduced & Mobile Wallet Upgraded
New Blockchain Support Added Including BTC, ETH, LTC, BNB, DOGE, DASH, etc.
Funex Pro Development Started
Funex Company Legal Incorporation Started
Funex Airdrop 10th - 15th
Funex Coin ICO
3rd Sept. - Funex Listing on Localtrade
5 Sept - 25 Sept Funex Coin IEO on Coinsbit
Coinsbit Listing - 30 Sept. 2022
Funex Pro Launch
BNB & Polygon Chain Integrated
40+ New Coin Support Enabled
Funex Bitmart
Funex Centralized Exchange Development
Metaverse Casino Game Development and the Funex Club's journey will continue to progress.
The recent Bitcoin and crypto market crash has seen prices plunge into the red across the board. As a result, sentiment among crypto investors has plunged rapidly and this has caused the Fear & Greed Index to plunge into the Extreme Fear territory. This suggests that investors are less likely to put money into the market, but it could also come with good news for the market. Fear & Greed Index Sitting At Extreme Greed The Bitcoin Fear & Greed Index is one of the best indicators of telling how investors are feeling toward the market at any time. This index uses a scale of 1-100, representing sentiments ranging across Fear, Extreme Fear, Neutral, Greed, and Extreme Greed. Each of these can show how investors are feeling and could be a tell for where the Bitcoin price could be headed next from here. Related Reading: Shiba Inu Recovery To $0.000081 ATH Levels Still In Play Usually, when the Fear & Greed Index is sitting on either extreme, it could mean that the price is about to swing in the opposite direction. So, for example, the Bitcoin Fear & Greed Index is in Extreme Greed could suggest that the price is about to fall, and vice versa. This trend would be positive for the Bitcoin price right now as the Fear & Greed Index has fallen into the Extreme Greed territory. As of Friday, the Fear & Greed Index had fallen as low as 22, which put it firmly in the Extreme Fear territory. Going by the Bitcoin price having a tendency to recover when the index is in the red, it could mean that the price is reaching a bottom. An example of this is when the Bitcoin Fear & Greed Index fell to 20 in August, before the crypto market seeing a quick rebound. If that happens here, the Bitcoin price could be on the verge of a recovery. Bitcoin Rebound Not Likely In September While the Fear & Greed Index sitting in the Extreme Fear territory could point towards a bottom, the rebound may not materialize for a while. This is because the month of September has historically been very bearish and expectations are that this month will not be different. Related Reading: Dogecoin Moving Averages Say Accumulation Has Ended, Here’s Where Price Is Headed Next Veteran analyst Benjamin Cowen outlined this in a post on X (formerly Twitter), revealing that this month is already on track with previous September months. So far, the Bitcoin price has already fallen 8.16%, and “If BTC closes the month at this price, it would be a fairly typical September,” the analyst explains. The avg. return of #BTC in September is -6.3% So far this month, BTC’s return is already -8.16%. The only time in the last 5 years where the Sep. monthly return was worse than this was 2019 (-13.91%) If BTC closes the month at this price, it would be a fairly typical September pic.twitter.com/bZ9cRIl9OU — Benjamin Cowen (@intocryptoverse) September 6, 2024 However, the month of October is usually bullish, so if this trend continues, then September is likely to end in the red. But then when October rolls around, prices are expected to pick back up. Featured image created with Dall.E, chart from Tradingview.com
Bitcoin could experience more downward pressure leading up to the Sept. 18 US interest rate cut. Will it fall below $50,000 this weekend?
OpenAI is looking to introduce more expensive subscription plans for upcoming large-language models like the Strawberry and Orion AI models.
OpenAI is looking to introduce more expensive subscription plans for upcoming large-language models like the Strawberry and Orion AI models.
US citizens can now reportedly use Kalshi to bet on the upcoming election through derivatives after a judge overturned the CFTC’s decision.
US citizens can now reportedly use Kalshi to bet on the upcoming election through derivatives after a judge overturned the CFTC's decision. However, the CFTC still has the option to appeal.
As the first week of September concluded, the Solana (SOL) price settled at $124, raising concerns for investors as the fifth largest cryptocurrency risks breaching the critical $100 threshold. According to market analyst Ali Martinez, recent technical analysis indicates that a sustained close below the channel’s lower boundary at $126 could trigger a significant price correction for Solana, potentially dropping to $110 or even $90. Solana Price Challenges In a social media update, Martinez elaborated on the current market conditions, noting that the TD Sequential indicator had previously presented a buy signal on the daily chart. This suggested a possible rebound for Solana from the lower boundary of its trading channel towards higher levels at $154 and $187. However, the broader market’s ongoing selloff has invalidated this bullish signal, causing Solana to suffer losses of approximately 20% over the past two weeks and 13% in the last month. Related Reading: Shiba Inu Recovery To $0.000081 ATH Levels Still In Play Despite these challenges, there remains a glimmer of hope for Solana’s recovery. Martinez pointed out a historical pattern indicating that Solana typically experiences a price upswing in the two weeks leading up to its “Breakpoint event”. In 2021, the cryptocurrency surged by 35%, the following year it increased by another 35%, and in 2023 it soared by 60%. With only 16 days left until the 2024 “breakpoint event,” the analyst suggests that this trend of the past few years could continue, which would mean a significant recovery for the token. If the historical pattern holds, Solana could potentially rally 35% towards $167, but remain just below the upper limit of its current channel at $187. However, as Martinez pointed out, the key is for SOL to recover and consolidate above the $126 level in the coming days to avoid further declines. Influx of Capital From FTX Creditors And Historically Bullish Q4 Further adding some sense of hope for SOL investors, the fourth quarter post-Bitcoin (BTC) Halving events has historically shown bullish trends, suggesting a potential market recovery that could also benefit SOL significantly. Adding to this hopeful outlook, the now-defunct crypto exchange FTX is set to distribute over $16 billion in cash to creditors affected by its collapse. This influx of capital into the market could signal a substantial return, particularly impacting four key cryptocurrencies. Analyst OxNobler highlights that a majority of the affected FTX clients are retail investors, indicating that a significant portion of the recovered funds is likely to re-enter the crypto market. Related Reading: Here’s How Cardano Price Will ‘Survive’ A US Recession: Crypto Analyst The expectation is that a substantial share of these funds will flow into Bitcoin and other dominant cryptocurrencies such as Ethereum (ETH), Solana, and Binance Coin (BNB). The anticipated return of capital not could stabilize the market but also present an opportunity for price increases across these assets. However, it remains to be seen if this is indeed the case, but if it is, it could be a much-needed catalyst for the market following the strong sell-off activity that the largest cryptocurrencies on the market have experienced in recent months. Featured image from DALL-E, chart from TradingView.com
On Friday, the cryptocurrency market’s Fear and Greed Index plummeted to “extreme fear,” reflecting growing anxiety among investors as the Bitcoin price dipped to a weekly low of $53,700. This downturn marks a continuation of a broader sell-off that has plagued the market, particularly since Bitcoin struggled to maintain momentum above the critical $60,000 threshold. Bitcoin Targets $53,000 Amid Bearish Sentiment The steep decline in Bitcoin’s value can be traced back to August’s significant crash, attributed to challenging macroeconomic conditions that resulted in increased liquidity exiting risk assets, including cryptocurrencies. Furthermore, September has historically been a bearish month for Bitcoin, with an average negative return of 6%. As of now, just six days into the month, Bitcoin has already recorded an 8% decline, a trend that market expert Benjamin Cowen suggests could align with typical September behavior if the month concludes at this rate. Related Reading: Here’s How Cardano Price Will ‘Survive’ A US Recession: Crypto Analyst However, further price retracements could occur if key support levels fail to hold. Analyst Justin Bennett pointed out that Bitcoin appears to be heading towards a target of $53,000 after a failed attempt to retest its all-time high of $69,000, which was achieved at the end of August. Bennett indicated that while the situation remains fluid, there is potential for a brief relief rally in the $52,000 to $53,000 range before a deeper correction could lead the price down to $48,000. Another analyst, Michael van de Poppe, has also weighed in on the current market dynamics, stating that the market may have overreached by taking liquidity from above. Van de Poppe anticipates that Bitcoin will likely test the $53,000 level before any upward movement occurs. For Bitcoin to regain its footing, van de Poppe emphasizes the necessity of reclaiming the $56,000 mark following the recent dip. Key Factors That Could Catalyze BTC’s Price Recovery Despite this bearish sentiment dominating the market, BTC investor Lark Davis remains optimistic about the future, suggesting that the next six months could be pivotal for Bitcoin and the broader market, regardless of recent price corrections. One of Davis’ key points is the upcoming fourth quarter, which has historically been a bullish period for BTC, especially in Halving years. In addition, he highlights the rising M2 money supply, which could lead to more capital being injected into the market, further fueling a potential rally. Davis also discusses the possibility of rate cuts by the US Federal Reserve, which analysts suggest could act as a significant catalyst for BTC’s price. Should the Fed implement cuts of 25 basis points, it could create a more favorable environment for the entire crypto market. Related Reading: Shiba Inu Recovery To $0.000081 ATH Levels Still In Play Another critical factor Davis points to is the upcoming US election, which is just 60 days away. As reported by NewsBTC, a potential return of former President Donald Trump could positively impact the crypto market. Trump has indicated plans to put BTC at the forefront of his economic agenda, including loosening regulations and fostering a more supportive environment for cryptocurrencies. This shift could instill greater confidence among investors and potentially boost BTC prices significantly. However, it remains to be seen what the next few days will bring for the Bitcoin price as the bearish sentiment in the market is palpable, but with October holding potential gains as has historically happened in past years. When writing, the largest cryptocurrency on the market was trading at $54,100. Featured image from DALL-E, chart from TradingView.com
The general public is not actively concerned about whether applications are decentralized because they often cannot tell the difference between centralized and decentralized systems, according to Cais Manai, co-founder of Obscuro Labs. What matters more to them, Manai argues, is how decentralization can address real-world issues. Users Set to Value Decentralized Systems More As an
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