• Contact Us
  • Affiliate Disclosure
  • Privacy Policy
  • Terms of Use
  • DMCA
Wednesday, February 1, 2023
WongaNews.com
  • Live Prices
  • Crypto News
  • Bitcoin
  • Altcoins
  • NFT News
  • Blockchain
  • Regulations
  • Trading
No Result
View All Result
  • Live Prices
  • Crypto News
  • Bitcoin
  • Altcoins
  • NFT News
  • Blockchain
  • Regulations
  • Trading
No Result
View All Result
WongaNews.com
No Result
View All Result

Why This Price FLOW May Not Attract Short-Term Traders

August 28, 2022
in Bitcoin
Reading Time: 3 mins read
A A
ShareShareShareShareShare

Related articles

Metaverse Tokens Outperform Top Crypto Assets in 2023 With Decentraland’s MANA Leading the Pack – Metaverse Bitcoin News

January 31, 2023

Regulators Seek Crypto Blood, They Shatter Annual Record With 58 Legal Actions

January 31, 2023

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.

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.  

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.

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.

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

Credit: Source link

ShareTweetSendPinShare
Previous Post

Uniglo (GLO) Is A Once In A Lifetime Opportunity To Make A Fortune

Next Post

Bitcoin Freedom From The Fiat Walled Garden – Bitcoin Magazine

Related Posts

Metaverse Tokens Outperform Top Crypto Assets in 2023 With Decentraland’s MANA Leading the Pack – Metaverse Bitcoin News

January 31, 2023

During the first month of 2023, the top two leading cryptocurrencies, bitcoin and ethereum, experienced double-digit gains against the U.S....

Regulators Seek Crypto Blood, They Shatter Annual Record With 58 Legal Actions

January 31, 2023

In the last year, many have claimed the crypto industry is under attack by U.S. regulators and recent data supports...

Tesla saw $204m loss with bitcoin last year

January 31, 2023

According to a U.S. Security and Exchange Commission filing, Tesla made a $204 million loss in gross impairment in 2022...

Bitcoin Kills Rent Seeking – Bitcoin Magazine

January 31, 2023

This is an opinion editorial by Jimmy Song, a Bitcoin developer, educator and entrepreneur and programmer with over 20 years...

Alameda Research Seeks $446 Million Over Alleged ‘Preferential Transfers’ to Voyager Digital – Bitcoin News

January 31, 2023

On Monday, Alameda Research Ltd. filed a legal complaint against Voyager Digital LLC and HTC Trading Inc. in the U.S....

Load More
Next Post

Bitcoin Freedom From The Fiat Walled Garden - Bitcoin Magazine

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Recommended

Mandala Club Introduces NFT Memberships with Incredible Perks

January 2, 2023

Behind the two mining pools controlling 51% of the global hash rate

January 1, 2023

DOJ Accuses Bitzlato Crypto Exchange of Money Laundering, Arrests Founder

January 18, 2023

About Us

Wonga News is an online news portal that aims to provide the latest crypto news, blockchain, regulations, and much more stuff like that around the world. We promise to share only high quality content from the world's best crypto sources. Feel free to get in touch with us!

What’s New Here!

  • United Kingdom Finance Ministry proposes new crypto regulations, focus on consumer protection
  • Metaverse Tokens Outperform Top Crypto Assets in 2023 With Decentraland’s MANA Leading the Pack – Metaverse Bitcoin News
  • NFT Sports Brand Sorare Partners with Premier League

Newsletter

Loading
  • Contact Us
  • Affiliate Disclosure
  • Privacy Policy
  • Terms of Use
  • DMCA

© 2022 WongaNews.com - All Rights Reserved!

No Result
View All Result
  • Live Prices
  • Crypto News
  • Bitcoin
  • Altcoins
  • NFT News
  • Blockchain
  • Regulations
  • Trading

© 2022 - WongaNews.com - All Rights Reserved!

  • bitcoinBitcoin(BTC)$23,121.001.17%
  • ethereumEthereum(ETH)$1,586.961.08%
  • USDEXUSDEX(USDEX)$1.07-0.47%
  • tetherTether(USDT)$1.00-0.09%
  • usd-coinUSD Coin(USDC)$1.00-0.01%
  • binancecoinBNB(BNB)$312.231.75%
  • rippleXRP(XRP)$0.4064533.14%
  • binance-usdBinance USD(BUSD)$1.00-0.10%
  • cardanoCardano(ADA)$0.3912355.09%
  • dogecoinDogecoin(DOGE)$0.0953176.70%
  • matic-networkPolygon(MATIC)$1.123.33%
  • okbOKB(OKB)$37.921.07%
  • solanaSolana(SOL)$23.880.03%
  • staked-etherLido Staked Ether(STETH)$1,580.130.94%
  • polkadotPolkadot(DOT)$6.261.34%
  • shiba-inuShiba Inu(SHIB)$0.0000122.61%
  • litecoinLitecoin(LTC)$94.432.21%
  • avalanche-2Avalanche(AVAX)$19.770.62%
  • tronTRON(TRX)$0.0625160.34%
  • daiDai(DAI)$1.00-0.08%
  • uniswapUniswap(UNI)$6.581.04%
  • wrapped-bitcoinWrapped Bitcoin(WBTC)$23,121.001.49%
  • cosmosCosmos Hub(ATOM)$13.411.51%
  • chainlinkChainlink(LINK)$6.960.52%
  • ToncoinToncoin(TON)$2.301.71%
  • leo-tokenLEO Token(LEO)$3.54-1.51%
  • moneroMonero(XMR)$178.010.98%
  • ethereum-classicEthereum Classic(ETC)$21.681.34%
  • AptosAptos(APT)$16.60-3.85%
  • bitcoin-cashBitcoin Cash(BCH)$132.661.38%
  • Aerarium FiAerarium Fi(AERA)$7.12-13.06%
  • stellarStellar(XLM)$0.0905750.76%
  • apecoinApeCoin(APE)$5.881.25%
  • quant-networkQuant(QNT)$142.461.09%
  • crypto-com-chainCronos(CRO)$0.0790331.61%
  • nearNEAR Protocol(NEAR)$2.320.84%
  • filecoinFilecoin(FIL)$5.222.54%
  • lido-daoLido DAO(LDO)$2.216.65%
  • algorandAlgorand(ALGO)$0.2415230.70%
  • vechainVeChain(VET)$0.0232100.04%
  • internet-computerInternet Computer(ICP)$5.882.13%
  • hedera-hashgraphHedera(HBAR)$0.064846-0.04%
  • fantomFantom(FTM)$0.5311.16%
  • decentralandDecentraland(MANA)$0.772.77%
  • axie-infinityAxie Infinity(AXS)$10.961.52%
  • aaveAave(AAVE)$83.032.30%
  • terra-lunaTerra Luna Classic(LUNC)$0.0001723.95%
  • eosEOS(EOS)$1.071.41%
  • the-sandboxThe Sandbox(SAND)$0.742.73%
  • flowFlow(FLOW)$1.068.17%