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

Name	Symbol	Market	Market Cap ($)	Algorithm
SHIBA INU	SHIBUSD	Crypto	11,196,336,592	Not Mineable

Name

Symbol

Market

Market Cap ($)

Algorithm

SHIBA INU

SHIBUSD

Crypto

11,196,336,592

Not Mineable

	Price Change	Price Change %	Current Price	Bid Price	Offer
	0.00	0.00%	0.000019	0.000019	0.000019

Price Change

Price Change %

Current Price

Bid Price

Offer

0.00

0.00%

0.000019

High Price	Low Price	Open Price	Prev. Close	52 Week Range
0.00002	0.000018	0.00002	0.000019	0.00000662 - 0.000048

High Price

Low Price

Open Price

Prev. Close

52 Week Range

0.00002

0.000018

0.00002

0.000019

0.00000662 - 0.000048

Exchange	Last Trade	Size	Trade Price	Currency
GEMN	00:36:23	2,437,500.00	0.000019	USD

Exchange

Last Trade

Size

Trade Price

Currency

GEMN

00:36:23

2,437,500.00

0.000019

USD

Price x Volume	Volume	Base Symbol	Related Pairs
56,343,060.74	133,566,078,553.90	SHIB	SHIBEUR	SHIBGBP	SHIBBTC

Price x Volume

Volume

Base Symbol

Related Pairs

56,343,060.74

133,566,078,553.90

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

28/08/2022 9:35am

NEWSBTC

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. 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. 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

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