{"id":497830,"date":"2022-08-05T23:00:16","date_gmt":"2022-08-05T23:00:16","guid":{"rendered":"https:\/\/uniquehot.com\/?p=497830"},"modified":"2024-06-11T14:22:15","modified_gmt":"2024-06-11T14:22:15","slug":"what-is-flow-blockchain-and-why-is-the-price-up-100-in-the-last-24-hours","status":"publish","type":"post","link":"https:\/\/uniquehot.com\/news\/what-is-flow-blockchain-and-why-is-the-price-up-100-in-the-last-24-hours\/","title":{"rendered":"What Is FLOW Blockchain And Why Is The Price Up 100% In The Last 24 Hours?"},"content":{"rendered":"

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.<\/p>\n

Meta News Is The Catalyst<\/h2>\n

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 Instagram across 100 countries. The platform had been going deep into the metaverse and NFT space, and the announcement did not shock the market. However, the long-time coming news came with a new player that had previously not been named in the plan.<\/p>\n

Related Reading: Why Bitcoin Investors Should Pay Attention To The Macro Environment<\/a><\/strong><\/em><\/div>\n

Naturally, as NFTs need a blockchain to run on, Meta had to announce the blockchain that it would be using. It went against everyone\u2019s predictions that the social media giant would use one of the leading NFT networks to implement this feature. However, it announced that the FLOW Blockchain would be its official partner to host the NFTs on its blockchain.<\/p>\n

\"price<\/p>\n

FLOW trading at $2.7 | Source: FLOWUSD on TradingView.com<\/a><\/pre>\n
The news of the announcement quickly circulated, and FLOW blockchain gained more recognition as a result. By the time the day was over, its\u2019 price had already risen more than 100% to be trading above $2.50\u00a0 <\/span>as investors flocked to capitalize on this newfound fame.<\/p>\n
FLOW Continues To Rise<\/h2>\n
It has been a day since the Meta news broke, but FLOW has not declined in any way. The digital asset has risen quickly as it garners more support from the crypto community. At the time the news broke on Thursday, FLOW had been trading at around $1.85. At the time of this writing, it is trading as high as $2.74. This registers as a new two-month high for the digital asset.<\/p>\n
FLOW blockchain was built by Dapper Labs and launched in September 2019. It has a strong community of supporters, as Dapper Labs had been behind the creation of CryptoKitties back in 2017. When it launched the NBA Top Shot, FLOW blockchain had garnered more attention.<\/p>\n
Related Reading: Bitcoin Funding Rates Turn Positive, Why The Rally May Not Be Over<\/a><\/strong><\/em><\/div>\n
Despite this, though, the blockchain has not been able to reach a point where it was competing with market leaders such as Ethereum and Solana. However, Instagram\u2019s popularity may yet make it a top contender.<\/p>\n
FLOW\u2019s rally has pushed it upwards in the market. It is currently the 29th largest cryptocurrency with a market cap of $2.8 billion. This puts it ahead of cryptocurrencies such as ApeCoin, Algorand, and Bitcoin Cash.<\/p>\n
Featured image from The Coin Republic, chart from TradingView.com<\/pre>\n
Follow <\/i><\/b>Best Owie on Twitter<\/i><\/b><\/a> for market insights, updates, and the occasional funny tweet\u2026<\/i><\/b><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"
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 Instagram across 100 countries. The platform had been going deep into the metaverse and NFT space, and the announcement did not shock the market. However, the long-time coming news came with a new player that had previously not been named in the plan. Related Reading: Why Bitcoin Investors Should Pay Attention To The Macro Environment Naturally, as NFTs need a blockchain to run on, Meta had to announce the blockchain that it would be using. It went against everyone\u2019s predictions that the social media giant would use one of the leading NFT networks to implement this feature. However, it announced that the FLOW Blockchain would be its official partner to host the NFTs on its blockchain. FLOW trading at $2.7 | Source: FLOWUSD on TradingView.com The news of the announcement quickly circulated, and FLOW blockchain gained more recognition as a result. By the time the day was over, its\u2019 price had already risen more than 100% to be trading above $2.50\u00a0 as investors flocked to capitalize on this newfound fame. FLOW Continues To Rise It has been a day since the Meta news broke, but FLOW has not declined in any way. The digital asset has risen quickly as it garners more support from the crypto community. At the time the news broke on Thursday, FLOW had been trading at around $1.85. At the time of this writing, it is trading as high as $2.74. This registers as a new two-month high for the digital asset. FLOW blockchain was built by Dapper Labs and launched in September 2019. It has a strong community of supporters, as Dapper Labs had been behind the creation of CryptoKitties back in 2017. When it launched the NBA Top Shot, FLOW blockchain had garnered more attention. Related Reading: Bitcoin Funding Rates Turn Positive, Why The Rally May Not Be Over Despite this, though, the blockchain has not been able to reach a point where it was competing with market leaders such as Ethereum and Solana. However, Instagram\u2019s popularity may yet make it a top contender. FLOW\u2019s rally has pushed it upwards in the market. It is currently the 29th largest cryptocurrency with a market cap of $2.8 billion. This puts it ahead of cryptocurrencies such as ApeCoin, Algorand, and Bitcoin Cash. Featured image from The Coin Republic, chart from TradingView.com Follow Best Owie on Twitter for market insights, updates, and the occasional funny tweet\u2026<\/p>\n","protected":false},"author":541,"featured_media":497832,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[3],"tags":[83783,86525,86526,86524,2457,84822,15369,82423],"class_list":["post-497830","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-flow","tag-flow-blockchain","tag-flow-price","tag-flowusd","tag-instagram","tag-meta","tag-nft","tag-nfts"],"acf":[],"yoast_head":"\nWhat Is FLOW Blockchain And Why Is The Price Up 100% In The Last 24 Hours?<\/title>\n<meta name=\"description\" content=\"Anyone looking at the charts will have seen FLOW due to the incredible rally that its price has been on. 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Best is a highly skilled professional with a track record of producing engaging and informative content. With a keen eye for detail and a passion for accuracy, Best is committed to ensuring that each article published meets the highest standards of quality. Best has over six years of experience in the crypto industry and has overseen the creation and publishing of thousands of articles over the years. Best is always abreast of everything that is going on in the crypto industry in order to create and curate the most relevant content for readers. This shines through in Best\u2019s publications, which are always clear and concise, enabling easy reading and understanding for all. Best is also an avid learner and advocate for new technology. This has seen Best dive into topics in areas such as decentralized finance (DeFi), non-fungible tokens (NFTs), Layer 2 blockchains, etc. In addition to this, Best is a vocal member of the crypto community across various social media platforms such as X and Reddit. Best\u2019s work garners tens of thousands of readers monthly, who rely on the information in these publications to keep up-to-date with everything happening in the crypto community. Best\u2019s articles explore breaking news, intricate systems such as yield farming, liquidity pools, and other decentralized finance (DeFi) systems. This is because Best understands the importance of information to gaining financial freedom and believes that everyone should have access to this information. Best also believes in leveraging the blockchain for philanthropy to create the most positive social impact. This involves work with charitable organizations focused on financial literacy and education. With each article, Best lends a voice to important issues such as a more financially inclusive future, transparent systems for growth and development, and technology that is not self-serving but one that serves all of humanity. When not curating engaging content, Best can be found reading a book with a cup of hot chocolate, enjoying a Netflix series, or exploring the outdoors with Green - the world\u2019s most quiet and well-behaved Husky. Best\u2019s interests also span other industries such as art, finance, and security, attending seminars and conferences in not just the crypto industry but other industries as well. As an animal lover, Best is also involved with charities for animals, local shelters, and rescues. Best is also involved in local events that promote inclusivity, such as being a prominent member of hiking clubs and a cycling club, as well as being a part of a very happy group of animal lovers. Best is a true professional in every sense of the word, with an exceptional dedication to producing high-quality work. This shines through in Best's work on and off the clock. These include advocating for inclusive crypto education for all, the impact of financial illiteracy, and the benefits of adopting new technologies such as cryptocurrencies. Best\u2019s prolific career in the media industry is a testament of how hard work and dedication pays.","sameAs":["https:\/\/www.linkedin.com\/in\/best-owie-41a150178\/","https:\/\/x.com\/https:\/\/twitter.com\/BestOwie"],"url":"https:\/\/uniquehot.com\/author\/owiebest\/"}]}},"parsely":{"version":"1.1.0","meta":{"@context":"https:\/\/schema.org","@type":"NewsArticle","headline":"What Is FLOW Blockchain And Why Is The Price Up 100% In The Last 24 Hours?","url":"http:\/\/uniquehot.com\/news\/what-is-flow-blockchain-and-why-is-the-price-up-100-in-the-last-24-hours\/","mainEntityOfPage":{"@type":"WebPage","@id":"http:\/\/uniquehot.com\/news\/what-is-flow-blockchain-and-why-is-the-price-up-100-in-the-last-24-hours\/"},"thumbnailUrl":"https:\/\/uniquehot.com\/wp-content\/uploads\/2022\/08\/FLOW-Blockchain.jpeg?resize=200%2C200","image":{"@type":"ImageObject","url":"https:\/\/uniquehot.com\/wp-content\/uploads\/2022\/08\/FLOW-Blockchain.jpeg?fit=1140%2C641"},"articleSection":"Cryptocurrency Market News","author":[{"@type":"Person","name":"Best Owie"}],"creator":["Best Owie"],"publisher":{"@type":"Organization","name":"NewsBTC","logo":"https:\/\/uniquehot.com\/wp-content\/uploads\/2020\/06\/cropped-cropped-cropped-favicon.png?w=32"},"keywords":["flow","flow blockchain","flow price","flowusd","instagram","meta","nft","nfts"],"dateCreated":"2022-08-05T23:00:16Z","datePublished":"2022-08-05T23:00:16Z","dateModified":"2024-06-11T14:22:15Z"},"rendered":"<script type=\"application\/ld+json\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@type\":\"NewsArticle\",\"headline\":\"What Is FLOW Blockchain And Why Is The Price Up 100% In The Last 24 Hours?\",\"url\":\"http:\\\/\\\/uniquehot.com\\\/news\\\/what-is-flow-blockchain-and-why-is-the-price-up-100-in-the-last-24-hours\\\/\",\"mainEntityOfPage\":{\"@type\":\"WebPage\",\"@id\":\"http:\\\/\\\/uniquehot.com\\\/news\\\/what-is-flow-blockchain-and-why-is-the-price-up-100-in-the-last-24-hours\\\/\"},\"thumbnailUrl\":\"https:\\\/\\\/uniquehot.com\\\/wp-content\\\/uploads\\\/2022\\\/08\\\/FLOW-Blockchain.jpeg?resize=200%2C200\",\"image\":{\"@type\":\"ImageObject\",\"url\":\"https:\\\/\\\/uniquehot.com\\\/wp-content\\\/uploads\\\/2022\\\/08\\\/FLOW-Blockchain.jpeg?fit=1140%2C641\"},\"articleSection\":\"Cryptocurrency Market News\",\"author\":[{\"@type\":\"Person\",\"name\":\"Best Owie\"}],\"creator\":[\"Best Owie\"],\"publisher\":{\"@type\":\"Organization\",\"name\":\"NewsBTC\",\"logo\":\"https:\\\/\\\/uniquehot.com\\\/wp-content\\\/uploads\\\/2020\\\/06\\\/cropped-cropped-cropped-favicon.png?w=32\"},\"keywords\":[\"flow\",\"flow blockchain\",\"flow price\",\"flowusd\",\"instagram\",\"meta\",\"nft\",\"nfts\"],\"dateCreated\":\"2022-08-05T23:00:16Z\",\"datePublished\":\"2022-08-05T23:00:16Z\",\"dateModified\":\"2024-06-11T14:22:15Z\"}<\/script>","tracker_url":"https:\/\/cdn.parsely.com\/keys\/uniquehot.com\/p.js"},"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"https:\/\/uniquehot.com\/wp-content\/uploads\/2022\/08\/FLOW-Blockchain.jpeg?fit=1140%2C641","amp_enabled":true,"_links":{"self":[{"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/posts\/497830","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/users\/541"}],"replies":[{"embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/comments?post=497830"}],"version-history":[{"count":0,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/posts\/497830\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/media\/497832"}],"wp:attachment":[{"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/media?parent=497830"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/categories?post=497830"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/tags?post=497830"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}