When market experts first see Fogo, they see it as just another token launch, however, Fogo is actually a governance expirement that could change the way people see coordination in blockchains.
Fogo is currently in the middle of a potential governance experiment. The recent announcements made by Binance seem to show both a market and an architectural ambition.
The most recent announcement made about the Fogo model is that it will reward people for temporarily holding their tokens as opposed to people doing it for the purpose of speculation.
The value of the Fogo token will be the patience of the stakeholder and the long term road ahead will take. This is also a positive thing as it provides people with a counter to the volatility that is usually the case with tokens on exchanges.
The market reception has also been a result of the Fogo token listing the market token of the Fogo token. People feel the need to have a fluid market and to feel that they have a direct impact on the price (even if their actions are counterproductive) and the the token listing has made it worse. Numerous trading communitites show that they value a token far more than the token is worth and then they are disappointed if the value of the token does not change and speculation and guessing are used to determine the value of the tokens instead of the actual value. The price and value of the Fogo token will be determined by its underlying technologies (or lack thereof) and market psychology, as the price will determine the value of the token.
Because of this, the price is predicted to balance of the underlying technologies. The underlying demand of the market has been shown by the Fogo Pre-TGE Initiative which was more than 40 times oversubmitted.Nevertheless, if adoption doesn't speed up, scheduled unlocks can lead to selling pressure.
The potential path for Fogo depends on if governance sophistication can change the skeptical markets to active buyers and convert excellence to lasting valuation.
