RedFOX Labs $RFOX
RedFOX Labs
RedFOX Labs is a giant when it comes to Southeast Asian markets, providing the platform for businesses to build a successful business model.
Their website says:
Through building new and emerging technology, RedFOX Labs continues to disrupt legacy business models using excellent user experiences with a blend of cutting-edge technology.
Their technology extends and has explored the fields of Artificial Intelligence, IOT, AR/VR and more. RFOX has built RFOXVALT which is a fully immersive shopping experience that is combined with gaming, together they form a metaverse VR. Some other products of RFOX Labs are: RFOX Games, RFOX Media, RFOX Finance, and many more.
Rankings and Tokenomics of the Project
RFOX is ranked 585 on Coingecko rankings. The market cap of the token is 56,036,452M as of writing this post.
The total supply of RFOX is 1,988,838,078 tokens, while most of the tokens,1,364,645,153, are already in circulation, and is currently trading at $0.041. RFOX is up by 8.9% in 24hrs. Current trading volume of the token is $901,775.
RFOX can be traded at these markets:
Charting
When it comes to FA, RFOX has all the bases covered, but there is something still lagging in it that can be seen in the charts. The overall performance of $RFOX this year has been below par when compared to other gaming genre tokens. It had a decent run early year but then with Bitcoin drop, never seemed to recover until late July early August. Even that run wasn't sustainable and it continued to fall and stabilized for a couple of weeks around the previous, July., bottom.
From what can be seen in the charts is a long consolidation, which has resulted in a positive move to the upside. With the overall market recovering and $RFOX reacting to it, it seems to have finally started waking up. The first resistance that needs to be conquered is $0.045. Confirming it as support will give it the launchpad it needs to hit the higher resistances. RSI is above moving average with a positive slope, while stochs, also positive, are also looking to hit the 85-90 region.
All of this will be invalidated if resistance doesn't break, or if $RFOX falls below previous support $0.033
Note: Nothing that I have mentioned in my post is a financial advice. Always do your own research and take care of your money.