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

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

Anyone looking at the charts will have seen FLOW due to the incredible rally that its price has been on. The digital asset has gone from being in the shadows to be on the radar of crypto investors after growing more than 100% in a single. However, lesser known is the reason behind this rally. In this article, we take a look at FLOW and what has triggered such an increase in price over the past day. Meta News Is The Catalyst On Thursday, news broke that Meta (formerly known as Facebook) was moving forward with its NFT plans. It was implementing an NFT feature for its sister platform....


Related News

Dapper Labs' Flow token auction closes at 4X the price of 'community sale'

Dapper Labs, the team behind Cryptokitties, has completed a Dutch auction for the native token of their ‘Flow’ blockchain, selling 2% of its entire supply at $0.38 each Dapper Labs, the team behind pioneering non-fungible token (NFT)-powered collectibles Cryptokitties and NBA Top Shot, has completed a dutch auction for the native token of their blockchain, Flow.Dutch auctions allow investors to place bids at which they are willing to purchase tokens prior to the commencement of the sale, with the price moving down from the opening price until all of the tokens are sold. All participants....

Circle Launches USDC on Flow Blockchain

Circle, the operator of USDC, one of the biggest stablecoins by market cap, has launched USDC as a native asset on top of the Flow blockchain. Flow is a blockchain project made to host NFT and game-based initiatives, aiming for low fees and a high volume of transactions. With this launch, USDC aims to keep expanding its reach to more blockchains, with Flow being the eighth native blockchain where USDC resides. USDC on Flow Circle, one of the biggest payments companies in the U.S., has launched one of its prime products — USDC — on Flow, an NFT and Web3 oriented....

Insta-rally! FLOW token jumps 50% amid Instagram adoption euphoria

FLOW latest price rally has turned it into an "overbought" asset, which could amount to an imminent correction. Flow (FLOW) logged its best daily performance on Aug.4 after becoming the latest blockchain to support Instagram's nonfungible token (NFT) features.Insta-made FLOW rallyMeta CEO Mark Zuckerberg announced on Aug. 4 that Instagram had expanded its NFT support to 100 more countries in Africa, the Asia-Pacific, the Middle East and the Americas. As a result, more users can post digital collectibles minted on the Flow blockchain on Instagram.The high-profile integration helped FLOW....

Bitcoin Miners Suffer Cash Flow Halving Following 2021 Peak

Data shows the cash flow of Bitcoin miners has halved since the price all-time high set in early November of last year. Bitcoin Miner Cash Flow Halves As Hashrate Makes New ATH And Price Declines As per the latest weekly report from Arcane Research, the cash flow for BTC miners seems to have halved since […]

Google Partners With Dapper Labs Flow Blockchain

Google isn’t known for being a primary leader in the next generation of Web 3.0, but perhaps news this week could spur change on that front. The tech giant announced a partnership with Top Shot and Flow blockchain creator Dapper Labs. The partnership will allow Google to assist in scaling the Flow blockchain for the […]