FUMO Price Analysis - Should You Buy the FUMO Crypto-article

Moving forward, we’ll first explain what the FUMO crypto project is all about. This is also where you’ll find out what Alien Milady Fumo is. Next, we’ll look at the fundamentals of this project and its community. Then, we’ll take a closer look at the FUMO coin. That’s where you’ll learn what type of cryptocurrency $FUMO is. So, once we have the basics under our belts, we’ll dive into the FUMO price analysis. Plus, we will also speculate on some $FUMO price predictions.

Additionally, today’s article will help you determine whether or not you should buy $FUMO. To help you with this decision, you’ll also learn how Moralis Money – the ultimate on-chain analysis tool – will help you in your investment decision process! Nonetheless, we’ll also tell you where you can buy the FUMO token if you decide to do so.    

What is the FUMO Crypto and Alien Milady Fumo?

FUMO Price Analysis - Should You Buy the FUMO Crypto-official-website

The FUMO crypto and the Alien Milady Fumo and two core parts of a relatively new crypto project that went live on June 22, 2023. The “FUMO” part points to the FUMO token, which we will focus on later on. Moreover, the Alien Milady Fumo refers to an artistic, real-size (27-inch tall) doll. You can actually see its 3D model in the above screenshot. 

As for the soda can next to the doll, we presume it’s there only to put the real size of Alien Milady Fumo into perspective.

Normally, crypto projects’ official websites provide some details about the project, its team, plans for the future, etc. However, on the above-outlined page, there is no such information. Essentially, this page serves as the “FUMO-coin-to-Alien-Milady-Fumo-doll” exchange platform. 

So, anyone holding the FUMO token can hit the connect button and then sell that cryptocurrency in exchange for the mega-size doll. To enjoy the process further, the page embeds an electronic song player at the bottom.  

However, there is a question mark icon next to “Dynamic Pricing Stats.” After clicking on that icon, the following pop-up window appears:   

So, aside from the FUMO crypto stats, including the initial token supply, the number of redeemed tokens, and the number of FUMO coins in the liquidity pool, there is some additional information. 

This is where the project explains that the FUMO price is bound to a bonding curve. Plus, it also points out that the FUMO token can be redeemed for the mega-sized doll. Nonetheless, there’s also the “Read More” button, which leads to an article explaining Unisocks.   

Fundamentals of Alien Milady Fumo

You must be a fan of Milady NFTs and its entire culture to imagine why someone would pay such large amounts of money for a 27-inch doll. As such, we need to look closer at the FUMO crypto project’s fundamentals in order to understand this.

On the one hand, we have the Milady Maker NFT collection. And on the other hand, we have Uniswaps’ Unisocks success story and that project’s “bonding curve” mechanisms.

Milady-Maker-official-website

The Milady Maker NFT collection consists of 10,000 profile picture (PFP) NFTs that went live back in the summer of 2021. These NFTs were inspired by the subcultural fashion tribes of Y2K Japan and caught a lot of traction following the launch.

However, with the rest of the market battling with the ongoing bear season, the prices of these NFTs have also reduced significantly since 2021. But the launch of the Milady ($LADYS) meme coin (which has no official ties with Milady Maker) in May 2023 reignited the interest in Milady NFTs. Also, Elon Musk tweeted a meme featuring a picture of one of the Milady NFTs right at that time.

FUMO Price Analysis - Should You Buy the FUMO Crypto-Elon-Musk-tweet

So, this “re-sparked” interest in Milady enabled the Milady Maker project’s creators to come up with a new project and ride the wave of interest. This project was none other than $FUMO.

As for the unique mechanics of the FUMO price, the project simply used Uniswap’s bonding curve as a model. In fact, after looking at the smart contract provided on the FUMO Etherscan page, the “Contract” section actually features Unisocks:

What is a Bonding Curve Model?

It is a dynamic pricing mechanism that allows the token’s price to be a function of its supply. In other words, this means that the price is programmed to increase as the token supply reduces.

Since looking into the curve model more in-depth goes outside the scope of this article, we advise you to further analyze the model on your own.

Alien Milady Fumo Community

As explained above, one of the core fundamentals of this project is the already existing Milady Maker NFT collection. The latter created a large, powerful community that the FUMO crypto asset adopts. After all, the project has the same creators – Remilia Corporation with art by Milady Sonora Sprite and design by Charlotte Fang.

This community is mostly active on Discord (a.k.a. Milady Village) and on the Milady Maker X (formerly Twitter) account. 

FUMO Crypto-Unisocks-smart-contract-on-Alien Milady Fumo-projects-official-Twitter-account

But there are also many Milady fans on 4chan. And speaking of this popular bulletin board, there have been some claims that Charlotte Fang might have participated in some rather horrific activities in the past on that platform. We do not wish to dive into that in this article; however, it seems fair to give you the heads up, so you can look into it further and draw your own conclusions.  

What is the FUMO Coin?

The FUMO token is a fungible cryptocurrency on the Ethereum chain and was minted on June 22, 2023. However, unlike most tokens with millions, billions, or even trillions of assets, the FUMO coin had an initial supply of only 300.

Plus, whenever a user utilizes the above-outlined “fumo.remilia.org” website to exchange $FUMO for the doll, that instance of the token gets burned. In other words, it is pulled out of circulation. 

So, either by looking at the stats on the projects page or by visiting Etherscan’s page designated to FUMO, you can see the current maximum supply. At the time of writing, there are 293 FUMO tokens left. That means that seven tokens have already been exchanged for the mega-large doll. 

Alien-Milady-Fumo-$FUMO-token-on-Etherscan

If you look at the above screenshot, you can see that there are over 1,400 FUMO holders. This reminds you that, like with all fungible tokens, one can hold a fraction of $FUMO, just like one can hold $0.01.

What Type of Crypto is Alien Milady Fumo’s $FUMO?

The FUMO coin is an ERC-20 token with additional built-in bonding curve mechanisms. So, aside from following the ERC-20 token standard for fungible tokens on the Ethereum chain, the FUMO price is also programmatically entangled with its supply.

So, do not mistake $FUMO for an NFT! 

FUMO Price Analysis

Whether you are interested in buying $FUMO to trade it in for the 27-inch doll or just to profit from trading it, you should consider its price. As such, let us take a closer look at $FUMO’s four-hour chart on LBANK – the Indonesia-based exchange that the token launched on:

Fumo-4-hourly-chart

The token was listed at $18,000; however, the initial two hours of trading took the asset’s price as high as $64,856.51. For now, that value remains the all-time high (ATH) FUMO price.

Following the initial pump, the price of the FUMO coin went into a retracement mode. Of course, the path to the bottom of the trading range wasn’t straight, and there were several bounces along the way. But 14 days following the initial rally, the FUMO price pulled back by approximately 85%. It found support at $9436.64 on July 8, 2023.

From that level, the token’s price started to show signs of recovery but wasn’t able to break through the resistance at $15.6k-ish. As such, it revisited the $9.5k-ish level before going on a 120% run to a new local high at $23,284.34. However, the rejection at that level was strong, pushing the price back to the previous low. On July 24, 2023, the FUMO price reached its current all-time low (ATL) level, which sits at $9,324.41.

After that, $FUMO stayed in the $9.3k-ish-13.5k-ish region for the next ten days. Then, it finally managed to break out of that range. Though the previously important level at approximately $18,000 rejected its move. However, after that rejection, the price found support on top of the top level of the aforementioned region. 

FUMO Crypto Price Prediction

At the time of writing, the FUMO price moves around $16.2k, which is nearly $2,000 below the listing price. However, by looking at the chart, we can see that it’s priming to take another jab at the $18k level. If successful at breaking above that, the FUMO price will need to face some resistance at $20.8k-ish.

So, as for the most realistic short-term price prediction for the FUMO price, you can consider the above-outlined levels of significance.

As for the more speculative and exotic predictions that may come to fruition in the upcoming bull market, we have several options. We will focus on using the Fibonacci retracement tool and comparison with the Unisocks ATH market cap. These are the speculative prices we get with these two methods:

  • $244,000-ish – According to the Fibonacci retracement tool’s 4.236 extension.
  • $176,000-ish – According to the Unisocks ATH market cap and the current maximum supply of 293 FUMO tokens.

Do you think that $FUMO can reach those levels?

Buy-$FUMO-coin-or-not

Should You Buy $FUMO?

All of the above sections should suffice for you to decide whether or not the FUMO crypto project deserves further attention.

If not, then by all means, start looking for better altcoin opportunities today. After all, even our most optimistic prediction only gives $FUMO a 15x potential.

Fortunately, you can use Moralis Money’s core feature – Token Explorer – and run your unique strategies. Doing so, you’ll be able to find tokens before they pump using the power of real-time, on-chain metrics.

On the other hand, if $FUMO caught your attention, then make sure to research the project and its token further. There are many ways and tools to do that. However, the Moralis Money Alien Milady Fumo ($FUMO) token page is the best. It provides you with all you need to determine whether you should buy $FUMO in a single place. 

Plus, you’ll find the token’s real-time, on-chain metrics (a.k.a. alpha metrics) on that page. By looking at these metrics, you can determine if the asset is gaining or losing on-chain momentum. And since the on-chain activity always precedes price action, you can time your trades much more effectively.    

So, use the above token page link or use the interactive widget below to determine what to do next regarding FUMO. 

Where to Buy the FUMO Coin?

At the time of writing, the only two markets that offer the FUMO crypto token are LBank and Uniswap. The former may have a larger trading volume; however, we prefer using decentralized exchanges. However, instead of visiting Uniswap and risking landing on a scammy page or on a wrong trading pair, you can use a much better path. 

For those who decide to get their bags of FUMO, the instant crypto swap feature on Moralis Money’s FUMO token page is the ultimate place to buy it. It’s safe, ensures the lowest available price, and it’s right there:

Where to buy the FUMO-token

FUMO Price Analysis – Should You Buy the FUMO Crypto? – Key Takeaways

  • The creators of the Milady Maker NFT collection launched the FUMO crypto project on June 22, 2023.
  • If you remember Uniswap’s Unisocks project, you can compare $FUMO with $SOCKS. It follows the same bonding curve mechanism, and users can also exchange it for a real-life item. However, instead of $SUCKS, you can exchange the FUMO coin for a 27-inch Alien Milady Fumo doll. 
  • The FUMO price currently sits roughly $2,000 below the launch price and is almost 4x below its ATH level. 
  • You should use Moralis Money’s token page dedicated to $FUMO to research the project and the token further and, in turn, determine whether you should buy it or not. If yes, remember to use alpha metrics to get your timing right and the swap feature to buy the asset.

Whether you decide to buy $FUMO or not, you should explore other altcoin opportunities. There’s no better tool for that purpose than Moralis Money’s Token Explorer! This is the tool that traders in the know – Moralis Money’s Starter and Pro users – have been pocketing insane profits with since the beginning of 2023. 

The tool helps you overcome crypto FOMO. Plus, you get to use its crypto volatility indicator and other powerful on-chain insights to find the best altcoin opportunities at any given moment. That includes spotting meme coins (e.g., BOBO, POP, MOG, etc.) as well as other more serious crypto projects (e.g., WOOF, PRIME, SDEX, etc.).

https://secure.gravatar.com/avatar/c2302e6fd5cb280211b39010cc15d17c?s=96&d=mm&r=g
WRITTEN BY Matic PircI am an SEO writer, a content creator, a digital marketing specialist, and above all an entrepreneur, with a strong passion for crypto. I believe blockchain technology has a massive potential in helping us create a better, more just, transparent, and globally united future.
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