$FOGO
I’ve been watching FOGO closely since it launched its mainnet last month. It’s a high-performance "Solana-style" (SVM) chain that’s incredibly fast, we’re talking 40ms block times. Lately, the charts are starting to flash some interesting recovery signs.
Here is what I’m seeing:
🟢 Why I’m Watching (The Good Stuff)
To me, the ecosystem is moving in the right direction. They just kicked off Flames Season 2, which is distributing 200 million FOGO tokens to people using the network (staking on Brasa, lending on Pyron, etc.).
If you're on Binance Square, there’s an even easier way to get involved: they just launched the CreatorPad campaign today (Feb 13) with a 2,000,000 FOGO reward pool. You basically just have to follow them, post with the hashtag #Fogo, and do a small $10 trade to qualify. On the technical side, the MACD just did a "bullish crossover" on my chart, which usually means the downward pressure is fading and buyers are stepping back in.
🔴 What Worries Me
But I have to be honest, the big picture is still a bit heavy. The price is still trading below its long-term moving average (EMA 99), so we aren't officially in a "bull market" yet.
I also noticed some people in the community were frustrated with the Season 1 rewards, saying they didn't even cover gas fees. If the project doesn't keep users happy with this new round of rewards, the excitement could die out quickly. Plus, we’re still in that "post-launch" phase where early airdrop winners might still be looking to sell.
My Plan:
I love the tech, trading on FOGO feels as fast as a centralized exchange but it's all on-chain. I’m not "aping" in with a huge position yet, but I am participating in the CreatorPad tasks to grab some of those 2 million vouchers. I’m waiting for the price to break and hold above the recent resistance before I get more aggressive.
