Blockchain platform FunFair Technologies has seen its proprietary $FUN token hit a market cap of more than $250 million, following strong trading on the back of a major new product launch.
FUN has roughly multiplied its value tenfold in the last month, outperforming the wider crypto market as investors bet on its ability to capitalise on blockchain gaming’s huge potential.
The price rise follows the recent launch of FunFair’s new self-service wallet that works with the majority of dapps.
And in a recent AMA, the company’s management team outlined ambitious plans to continue to grow the project.
FUN’s all-time high trading price was back in the alt-boom of January 2018, when it hit a market cap of around $700 million. For the first time in almost two years, that value is once again in sight.
