Analysts and investors are scrutinizing the trend for the cryptocurrency FLOW which shows a steady upward path projected until 2030, suggesting it as a potential good investment. In contrast, Bitcoin's performance is deviating from the stock-to-flow model with significant ups and downs. The USDC support on Flow blockchain by Circle is set to discontinue, exemplifying a cash flow narrative of the digital asset market.
However, Coinbase, a popular cryptocurrency exchange, is demonstrating strong cash flow. FLOW's founding company, Dapper Labs, underwent an investigation by the SEC but managed a clean slate in September 2024. Looming fears rise as 140,000 BTC from Mt. Gox Settlement flowing into the market. Meanwhile,
Bitcoin whales have been identified to shift capital to long-term holdings, hinting at a bullish rally.
Flow coin's growth prospects are also being argued as surpassing BlockDAG's forecasted 20,000-fold growth and OKB listing. Notwithstanding the lack of news flow,
NFT giant Dapper Labs' $4M settlement reassures confidence in NBA NFTs, circumventing securities. Other coins such as SOL and AVAX are also seeing influxes. Medium to low cap meme coins like Dogecoin and Shiba Inu are showing significant turnovers in net flows. Lastly,
the Flow network is planning to undergo a testnet upgrade on June 19th, promoting future improvements.
FLOW Coin News Analytics from Mon, 23 Oct 2023 07:00:00 GMT to Tue, 17 Sep 2024 03:00:22 GMT -
Rating 7
- Innovation 5
- Information 6
- Rumor -2
