FOGO is a specialized Layer 1 blockchain built by former Citadel and Jump Crypto executives for high-frequency trading. It leverages a pure Firedancer client to achieve 40ms block times and 1.3s finality while maintaining full SVM compatibility for easy Solana migration .
Value & Risks: Backed by $13.5M from CMS Holdings & Distributed Global, it hosts 10+ live dApps including Valiant DEX and Pyron lending . FOGO powers gas, staking, and governance. However, current market sentiment is bearish (Fear & Greed 5) after steady decline from ATH $0.0648, with unlock risks looming .
Targets:
· Up: $0.030 – Technical resistance on ecosystem growth
· Down: $0.021 – Critical support; break signals deeper correction
FOGO
0.02547
-5.03%