Fuma Finance is a decentralized Anti-Inflation coin made in the binance smart contract network to provide a good value as an asset to investors and holders.
The developers of FUMA Finance claim that this Defi technology is revolutionary, but how? Let’s find out the Fuma Finance Coin is an Anti-Inflation coin, and what does that mean?
Whenever anyone makes a transaction using Fuma Tokens, 1% of the token will be burned from the supply, which means that 1% of the tokens will be removed and deleted from the total supply of the tokens. The transaction can be anything: sell, buy, swap, and transfer, the supply will be reduced, the fun fact is that there is no reserve token, or there will be no new token created. There are about 5 million tokens in the supply as a whole.
The next question which arises is will the supply vanish at one point in the future, the answer is maybe yes, but the price might go up. If there are 5 million tokens in the total supply and 1% is burned, it is called cycle-1.After 40 cycles, the 4 million will be burned and deleted. Still, the value will be very high as only 1 million tokens will be left.
Fuma vs Other Defi
Is it different from the other Defi out there? Let’s take the example of the AAVE, the most prominent Defi out there. The model of AAVE is an excellent money-making model for the investor as the Tokens are pooled and lent to a person, and the interest rates are decided algorithmically.
So looking at both, Fuma is still a better option as we hold the token for the time being as we use half of the amount to make a transaction, the other halfs value will increase, which is beneficial for the investors. This cycle will keep working, and developers are working hard to make Fuma Finance one of the best Defi. Is fuma a good investment? The answer is yes, but with many variables to consider, as we don’t know what the future holds for us.
Technical analysis
In the 15-min chart interval, the price of Fuma token is near the support. Now the bulls make a comeback as the RSI is in the oversold zone of 30, which means the tokens are oversold, and the RSI line is pointing towards the neutral zone, which means the bulls are winning the fight against the bears. Also, the MACD shows the red histograms as the MACD line is below the signal line, but we can see the MACD line is changing its direction and will soon cross the signal line, which is a buy signal for the bulls. So, the bulls have found support and now they can push the price up to the resistance or even break the resistance if they can maintain the volume.
RESISTANCE:- $1.2622, 1.4662
SUPPORT:- $0.9975, 0.9528