Tuesday, August 16, 2022
BLOCK PATRIOT
  • Home
  • Cryptocurrency
  • Bitcoin
  • Ethereum
  • Blockchain
  • Altcoins
  • Ripple
  • ADA
  • ICO
  • NFT
  • Market And Analysis
  • Regulation
No Result
View All Result
BLOCK PATRIOT
No Result
View All Result
Home Blockchain

What Is FLOW Blockchain And Why Is The Price Up 100% In The Last 24 Hours?

Keita Mizokuchi by Keita Mizokuchi
August 6, 2022
in Blockchain
0
What Is FLOW Blockchain And Why Is The Price Up 100% In The Last 24 Hours?
189
SHARES
1.5k
VIEWS
Share on FacebookShare on Twitter


Anybody wanting on the charts can have seen FLOW because of the unimaginable rally that its worth has been on. The digital asset has gone from being within the shadows to be on the radar of crypto traders after rising greater than 100% in a single. Nonetheless, lesser recognized is the rationale behind this rally. On this article, we check out FLOW and what has triggered such a rise in worth over the previous day.

Meta Information Is The Catalyst

On Thursday, information broke that Meta (previously often called Fb) was shifting ahead with its NFT plans. It was implementing an NFT function for its sister platform Instagram throughout 100 nations. The platform had been going deep into the metaverse and NFT house, and the announcement didn’t shock the market. Nonetheless, the long-time coming information got here with a brand new participant that had beforehand not been named within the plan.

Naturally, as NFTs want a blockchain to run on, Meta needed to announce the blockchain that it will be utilizing. It went towards everybody’s predictions that the social media big would use one of many main NFT networks to implement this function. Nonetheless, it introduced that the FLOW Blockchain could be its official companion to host the NFTs on its blockchain.

price chart from TradingView.com

FLOW buying and selling at $2.7 | Supply: FLOWUSD on TradingView.com

The information of the announcement shortly circulated, and FLOW blockchain gained extra recognition because of this. By the point the day was over, its’ worth had already risen greater than 100% to be buying and selling above $2.50  as traders flocked to capitalize on this newfound fame.

FLOW Continues To Rise

It has been a day because the Meta information broke, however FLOW has not declined in any manner. The digital asset has risen shortly because it garners extra assist from the crypto group. On the time the information broke on Thursday, FLOW had been buying and selling at round $1.85. On the time of this writing, it’s buying and selling as excessive as $2.74. This registers as a brand new two-month excessive for the digital asset.

FLOW blockchain was constructed by Dapper Labs and launched in September 2019. It has a powerful group of supporters, as Dapper Labs had been behind the creation of CryptoKitties again in 2017. When it launched the NBA Prime Shot, FLOW blockchain had garnered extra consideration.

Regardless of this, although, the blockchain has not been in a position to attain a degree the place it was competing with market leaders reminiscent of Ethereum and Solana. Nonetheless, Instagram’s reputation might but make it a high contender.

FLOW’s rally has pushed it upwards available in the market. It’s at present the twenty ninth largest cryptocurrency with a market cap of $2.8 billion. This places it forward of cryptocurrencies reminiscent of ApeCoin, Algorand, and Bitcoin Money.

Featured picture from The Coin Republic, chart from TradingView.com

Comply with Best Owie on Twitter for market insights, updates, and the occasional humorous tweet…





Source link

Related articles

Blockchain ACGN Game NEO FANTASY, Rising Star Of Gamefi!

Blockchain ACGN Game NEO FANTASY, Rising Star Of Gamefi!

August 16, 2022
Australian Grand Prix uses CENNZnet blockchain for fan experience

Australian Grand Prix uses CENNZnet blockchain for fan experience

August 16, 2022
Tags: blockchainFLOWHoursPrice
Share76Tweet47

Related Posts

Blockchain ACGN Game NEO FANTASY, Rising Star Of Gamefi!

Blockchain ACGN Game NEO FANTASY, Rising Star Of Gamefi!

by Keita Mizokuchi
August 16, 2022
0

Since the success of Axie Infinity, gaming has become one of the most invested verticals in the crypto industry. Many...

Australian Grand Prix uses CENNZnet blockchain for fan experience

Australian Grand Prix uses CENNZnet blockchain for fan experience

by Keita Mizokuchi
August 16, 2022
0

CENNZnet, New Zealand's largest public blockchain and decentralised applications platform was employed by Power'd Digital to deliver the Formula 1...

2022-08-15 | TSXV:QNC | Press Release

2022-08-15 | TSXV:QNC | Press Release

by Keita Mizokuchi
August 15, 2022
0

Montreal, Quebec--(Newsfile Corp. - August 15, 2022) - Quantum eMotion Corp. (TSXV: QNC) (OTCQB: QNCCF) (FSE: 34Q) ("QeM" or the...

What Does the Chart Say Monday?

What Does the Chart Say Monday?

by Keita Mizokuchi
August 15, 2022
0

The market has been high on HIVE Blockchain Technologies Ltd (HIVE) stock recently. HIVE gets a Bullish score from InvestorsObserver...

Blockchain gaming titan partners with chess Grandmasters to build a chess-inspired game

Blockchain gaming titan partners with chess Grandmasters to build a chess-inspired game

by Keita Mizokuchi
August 15, 2022
0

Animoca Brands and its subsidiary, Lympo, made the announcement today, August 15 that they are in the process of developing...

Load More
  • Trending
  • Comments
  • Latest

Metamask and its meteoric rise to DeFi’s Number 1 wallet.

August 8, 2022
Balance in All Things: Make Sure Your Portfolio is Diversified By Investing in NFT Art

Balance in All Things: Make Sure Your Portfolio is Diversified By Investing in NFT Art

August 9, 2022
Love It or Not to Love It, Crypto Regulations Apply to the World

Love It or Not to Love It, Crypto Regulations Apply to the World

August 9, 2022
Reasons Why You Must Have Proper Understanding Of Bitcoin

Reasons Why You Must Have Proper Understanding Of Bitcoin

August 6, 2022
Cryptocurrency Market Analysis, Size, Share, Trends, Global Industry Overview, Demand, Growth and Forecast 2028 Binance, Coinbase, Bitstamp, Bitfinex, Kraken, FTX, Gate.io, Bittrex, CoinDeal

Cryptocurrency Market Analysis, Size, Share, Trends, Global Industry Overview, Demand, Growth and Forecast 2028 Binance, Coinbase, Bitstamp, Bitfinex, Kraken, FTX, Gate.io, Bittrex, CoinDeal

0
How are Binance (BNB), Cardano (ADA) and Mehracki (MKI) impacting the fashion industry?

How are Binance (BNB), Cardano (ADA) and Mehracki (MKI) impacting the fashion industry?

0
What is a decentralized money market and how does it work?

What is a decentralized money market and how does it work?

0
Is MATIC Price All Set To Hit $1 In Next 12 Hours ?

Is MATIC Price All Set To Hit $1 In Next 12 Hours ?

0
Cardano launches its social community platform

Cardano launches its social community platform

August 16, 2022
Algorand (ALGO) Price Prediction 2025-2030: Will double-digits beckon ALGO in 2030?

Algorand (ALGO) Price Prediction 2025-2030: Will double-digits beckon ALGO in 2030?

August 16, 2022
Blockchain ACGN Game NEO FANTASY, Rising Star Of Gamefi!

Blockchain ACGN Game NEO FANTASY, Rising Star Of Gamefi!

August 16, 2022
Ethereum is neither decentralized nor deflationary

Ethereum is neither decentralized nor deflationary

August 16, 2022

Recent News

Cardano launches its social community platform

Cardano launches its social community platform

August 16, 2022
Algorand (ALGO) Price Prediction 2025-2030: Will double-digits beckon ALGO in 2030?

Algorand (ALGO) Price Prediction 2025-2030: Will double-digits beckon ALGO in 2030?

August 16, 2022

Category

  • ADA
  • Altcoins
  • Bitcoin
  • Blockchain
  • Cryptocurrency
  • Ethereum
  • ICO
  • Market And Analysis
  • News
  • NFT
  • Regulation
  • Ripple

Follow Us

Find Via Tags

ADA Altcoin Altcoins August Big Binance Bitcoin blockchain BNB BTC Cardano Coin Coinbase CoinDesk Crypto Cryptocurrency Cuban Digital Dogecoin ETH Ethereum Heres Industry investors Mark Market Markets Merge Million money Network News NFT NFTs Price Regulation Ripple rises Solana Support Token Top trading Week XRP

© 2021 Block Patriot

No Result
View All Result
  • Home
  • Cryptocurrency
  • Bitcoin
  • Ethereum
  • Blockchain
  • Altcoins
  • Ripple
  • ADA
  • ICO
  • NFT
  • Market And Analysis
  • Regulation

© 2021 Block Patriot