• Advertise
  • Submit a Press Release
NewsBTC
Bitcoin & cryptocurrency news
Crypto.com Logo
  • Home
  • News
    • Bitcoin
    • Ethereum
    • Cardano
    • Dogecoin
    • Ripple
    • DeFi
    • NFT
    • Sponsored
    • Press Releases
  • Analysis
    • Bitcoin (BTC)
    • Ethereum (ETH)
    • Cardano (ADA)
    • Chainlink (LINK)
    • Litecoin (LTC)
    • Tezos (XTZ)
    • Zcash (ZEC)
    • EOS
    • YearnFinance (YFI)
  • Trading Course
  • Directory
    • Crypto Businesses
    • Bitcoin Brokers
    • Casinos
    • Sportsbooks
  • Events
  • Play GamesTry
  • Play Casino GamesTry
No Result
View All Result
Breaking News: Dogecoin (DOGE) Soars 8%, But An Uptick In This Metric Suggests A Pullback
  • Home
  • News
    • Bitcoin
    • Ethereum
    • Cardano
    • Dogecoin
    • Ripple
    • DeFi
    • NFT
    • Sponsored
    • Press Releases
  • Analysis
    • Bitcoin (BTC)
    • Ethereum (ETH)
    • Cardano (ADA)
    • Chainlink (LINK)
    • Litecoin (LTC)
    • Tezos (XTZ)
    • Zcash (ZEC)
    • EOS
    • YearnFinance (YFI)
  • Trading Course
  • Directory
    • Crypto Businesses
    • Bitcoin Brokers
    • Casinos
    • Sportsbooks
  • Events
  • Play GamesTry
  • Play Casino GamesTry
No Result
View All Result
NewsBTC
No Result
View All Result
Breaking News: Dogecoin (DOGE) Soars 8%, But An Uptick In This Metric Suggests A Pullback
Flow

Flow Monitoring: Why This Price FLOW May Not Attract Short-Term Traders

Christian Encila by Christian Encila
5 months ago
in Cryptocurrency news
Reading Time: 3 mins read
Advertisement

FLOW, a blockchain-powered coin, is back in its element.

  • FLOW price plunged by 4.00%
  • Network releases MetaplierFlow gave rise to collaboration with CelerNetwork
  • Coin performance may not attract short-term traders

Even though the network may not currently be experiencing a strong bull run, it does appear to be focused on giving consumers who access its decentralized architecture more options.

The native coin of the Flow ecosystem is called FLOW. It is employed for all payments of protocol-level fees, rewards, and staking of tokens.

Get 30 FREE SPINS at Punt Casino - NO DEPOSIT REQUIRED! Start Playing Now.
No Deposit 40 FREE SPINS at Wild.io on SIGN UP. Wheel of fortune, daily bonuses, 10 BTC in prizes monthly! Start Playing Now!

In order to attain its goal, the ecosystem recently released MetaplierFlow, a Decentralized Exchange (DEX), which now includes a few integrations. The said integration gave rise to a relationship with the cross-chain platform CelerNetwork.  

Related Reading: Cardano Price Trajectory Signals Negative Bearing, Weekly Chart Mostly In Red

Integrations Didn’t Impact FLOW Price

Another initiative aimed at improving the decentralization of the ecosystem is the recent cooperation. Keep in mind that developing such systems has been done before. In the past, FLOW collaborated on a similar goal with a Decentralized Autonomous Organization (DAO).

While there are certain differences, the most recent development will allow its users to quickly connect to other cryptocurrencies.

BitStarz Player Lands $2,459,124 Record Win! Could you be next big winner?

The specified assets are USDC, Wrapped Ethereum [WETH], Wrapped Bitcoin [WBTC], and Wrapped Ethereum. The additions didn’t appear to worry FLOW, though.

According to CoinMarketCap, FLOW price has nosedived by 4% or trading at $1.82 as of this writing.

Related Reading: Shiba Inu Burn Events Spark A Rally In Altcoin Over The Past Weeks

The integrations didn’t cause its price to rise or fall. The one-month green take, however, was insufficient to generate enthusiasm for the coin. Investors in FLOW could benefit from these improvements in certain ways.

First, compared to the period between August 18 and August 22, the volatility on the four-hour chart against the USDT was remarkably reduced. The Bollinger Bands revealed this feeling (BB).

The Relative Strength Index (RSI), which measures momentum, was neutral but had ominous indications at 45.70. However, with the AO value at -0.048, it was more of a negative sign.

Stats Way Off Short-Term Traders’ Estimates

An in-depth analysis of the on-chain portion reveals that the coin’s performance did not meet expectations, particularly for short-term traders.

The merger sparked a positive trend in development activity. However, there was hardly any difference in the whales’ overall supply, which was worth $5 million and more.

Investors may wish to maintain their expectations at a low level because FLOW is nearly 95% away from re-hitting it’s All-Time High (ATH).

Even while the cryptocurrency market has not quite made a decisive move out of its bear state, all may not be lost.

The earned coin can be used to create, develop, and grow Dapps as well as to stake, delegate, hold, and vote.

For signing into transactions, use the ecosystem’s client library as a tool. For the purpose of using FLOW tokens, investors can log in using their accounts.

Holders of Flow have the ability to interact with the coin’s crypto community, take part in conversations, and cast votes for Flow governance.

BTC total market cap at $384 billion on the daily chart | Source: TradingView.com

Featured image from The Coin Republic, chart from TradingView.com
Tags: btcusdethbtcethusdFlowFLOW price
Tweet123Share196ShareSend
Win up to $1,000,000 in One Spin at CryptoSlots
Christian Encila

Christian Encila

Freelance writing is Christian's other cup of tea. When not on his computer, he unwinds with a bottle of beer and laughs with his son over cartoons. Other than that, he's just like everybody else who wants to be happy with their life.

Related Posts

Ripple XRP

XRP Bulls Try To Break Consolidation At $0.4 To Conquer New Levels

2 hours ago
Cardano (ADA)

Cardano Adds 50,000 New Wallets As ADA Market Cap Surges

6 hours ago
ethereum

Ethereum Hovers Above $1,600, What’s The Next Move?

8 hours ago
Litecoin Whale Transactions Set New 2023 High, Bullish Signal?

Litecoin Whale Transactions Set New 2023 High, Bullish Signal?

9 hours ago
Polkadot

Polkadot Hints At Price Recovery – Can DOT Go Past 15% Weekly Ceiling?

9 hours ago
cardano

Cardano (ADA) Continues To Shine With 15% Gains In the Last Week

10 hours ago

Premium Partners

Top Casinos

BitStarz

BitStarz

Review · Visit
Punt Casino

Punt Casino

Review · Visit
Trust Dice

Trust Dice

Review · Visit
Metaspins

Metaspins

Review · Visit
Coinplay

Coinplay

Review · Visit
CryptoSlots

CryptoSlots

Review · Visit
mBit

mBit

Review · Visit
Vave

Vave

Review · Visit

Sportsbooks

1xBit

1xBit

Review · Visit
Coinplay

Coinplay

Review · Visit

Solana (SOL) and LEO Token (LEO) Witness Steep Decline; Flasko (FLSK) Looking To Help Investors Recover Loss

January 26, 2023

BudBlockz (BLUNT) Emerges as a Haven as Bitcoin Cash (BCH) and Stellar (XLM) Struggle to Grow

January 26, 2023

The Top Picks for a Bear Market: Hedera (HBAR), Toncoin (TON), and Orbeon Protocol (ORBN)

January 26, 2023

STEPN (GMT) gains 21% as GameFi, and NFT Industries Suddenly Bounce Back, Decentraland (MANA) named one of the top creditors of bankrupted Genesis Global, Snowfall Protocol (SNW) Seems like the best buy in 2023

January 26, 2023

Polkadot (DOT) On the Rise Following New Releases This Week, Tron (TRX) Down 3% , Snowfall Protocol Is Giving Investors an Edge Over the Bear Market In 2023 With Over 500% Price Gain

January 26, 2023

About Us

NewsBTC is a cryptocurrency news service that covers bitcoin news today, technical analysis & forecasts for bitcoin price and other altcoins. Here at NewsBTC, we are dedicated to enlightening everyone about bitcoin and other cryptocurrencies.

We cover BTC news related to bitcoin exchanges, bitcoin mining and price forecasts for various cryptocurrencies.

Links

Crypto Prices from Nomics

Cryptocurrency news

  • Bitcoin
  • Ethereum
  • Ripple
  • Chainlink
  • Cardano
  • EOS
  • Tezos

Technical Analysis

  • Bitcoin (BTC)
  • Ethereum (ETH)
  • Ripple (XRP)
  • Chainlink (LINK)
  • Cardano (ADA)
  • Tezos (XTZ)

Company

  • Advertising
  • Comments Policy
  • Privacy Center
  • Sitemap
  • About Us
  • Contact

© 2022 NewsBTC. All Rights Reserved.

  • Home
  • News
    • Bitcoin
    • Ethereum
    • Cardano
    • Dogecoin
    • Ripple
    • DeFi
    • NFT
    • Sponsored
    • Press Releases
  • Analysis
    • Bitcoin (BTC)
    • Ethereum (ETH)
    • Cardano (ADA)
    • Chainlink (LINK)
    • Litecoin (LTC)
    • Tezos (XTZ)
    • Zcash (ZEC)
    • EOS
    • YearnFinance (YFI)
  • Trading Course
  • Directory
    • Crypto Businesses
    • Bitcoin Brokers
    • Casinos
    • Sportsbooks
  • Events
  • Play Games
  • Play Casino Games

© 2022 NewsBTC. All Rights Reserved.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy Center or Cookie Policy.