FLOW token price is up by over 35% today: here’s why

FLOW token price is up by over 35% today: here’s why
фото показано с : coinjournal.net

2022-8-5 23:34

Today the price of FLOW has been rising and rising. It surged by about 45% in the morning to set a new two-month high of $2.7681 before slightly pulling back to its current price of $2.58.

At the time of writing, FLOW was still green and showing a lot of bullish momentum. But why did the FLOW token register surge a huge pump today? What is happening to Flow blockchain?

Here is a comprehensive dive into the forces behind today’s FLOW token pump.

Why FLOW price pumped suddenly today

Today morning, Meta (formerly Facebook) announced that it had started the Instagram NFT integration and it was going to add support for NFTs created on the Flow blockchain.

On May 10, Meta announced that Instagram would integrate NFT collectibles starting with Ethereum and Polygon-based NFTs. The addition of Flow into the list almost came as a surprise and it could explain the sudden surge in the price of the FLOW token.

Ethereum is the leading blockchain network for NFTs while Polygon is an Ethereum Layer-2 solution that allows for faster, cheaper, and more efficient transactions. Flow, therefore, becomes the only other Layer-1 blockchain that Instagram has integrated so far after Ethereum

Instagram also plans to add support for Solana NFTs.

Facebook, which is a sister social media platform form to Instagram, began testing the support for Polygon and Ethereum in June and has also revealed plans to add Solana and FLOW.

By adding support for NFTs minted on the Flow blockchain, Instagram users will be able to link digital wallets and showcase their verified Flow NFTs. The initiative was first launched in the US but today’s announcement marks the beginning of its expansion to over 100 countries across Africa, the Americas, the Middle East, and the Asia Pacific.

Besides adding support for Flow NFTs, Meta also announced that it has also added support for Dapper Wallet and Coinbase Wallet. Both Dapper Wallet and Flow are products of the same firm called Dapper Labs, which is also best known for its own sports NFT projects that include the NBA Top Shot, NFL All Day, and UFC Strike.

Meta is pushing hard on its metaverse plan since it rebranded from Facebook last fall. It recently revealed its grand vision for a next-generation internet navigated with avatars in immersive 3B space.

The post FLOW token price is up by over 35% today: here’s why appeared first on CoinJournal.

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Источник: coinjournal.net

today flow → Результатов: 43


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Разработчики представили сервис по созданию каналов в Lightning Network

Разрабатывающий инфраструктуру для блокчейна биткоина стартап Voltage запустил бета-версию сервиса Flow. Он облегчает процесс создания каналов Lightning Network (LN). Today we introduce Flow.

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Dapper Labs and Blockparty Join Forces to Bring A New Breadth of Digital Collectibles onto Flow

VANCOUVER / SEPTEMBER 25, 2020 — Blockparty—the New York-based rare digital collectibles marketplace that launched last month to foster more meaningful fan engagement for artists, musicians, and sports teams—today announced a partnership with Dapper Labs, the company behind CryptoKitties and NBA Top Shot, who will bring Blockparty onto Flow, their user-centric blockchain built for mainstream […] The post Dapper Labs and Blockparty Join Forces to Bring A New Breadth of Digital Collectibles onto Flow appeared first on Bitcoin News.

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Аналитик Plan B по-прежнему уверен в биткоине по $100 000 в конце 2021 года

Популярный в Twitter аналитик Plan B твердо уверен, что его модель Stock to Flow (S2F) не утратила актуальность, несмотря на падение биткоина к отметкам двухмесячной давности. #bitcoin S2F chart adjusted for today’s «crash» … nothing really happened, btc still spot on S2F track pic.

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Centotrenta launches credit securitization management platform based on IBM Blockchain technology

IBM and Centotrenta Servicing, today announced the HyperMast STS platform, an end to end credit securitization management platform based on IBM Blockchain technology designed to address financial sector requirements for their clients including data quality, process security, flow traceability, and the reduction of processing time and paper-based processes.

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Bitcoin Price’s November Close Triggers Medium-Term Sell Signals

Earlier today, NewsBTC reported that CryptoThies, a popular analyst, noted that the Chaikin Money Flow (CMF) for Bitcoin was trending positive. The CMF, an oscillating indicator that is derived from the MACD to signal market strength, suggested that “smart money is just now flowing into the market and is trending upwards,” indicating that the cryptocurrency.

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