Evaluating How FLOW is Losing Meta-Inspired Upside Pace

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Flow has enjoyed benefits following its latest announcements. We can attribute the alt’s optimism to Meta’s partnership with Flow blockchains. FLOW changed hands at $1.85 when the news emerged on August 4. However, it soon surged higher on its charts to hit $2.96.

Upside FLOW

The latest announcement had Meta confirming that users can display NFTs created on the Flow blockchain on their Instagram accounts.

Flow is one of the initial blockchains Meta supports, alongside Polygon and Ethereum. That’s an enormous breakthrough for the Flow blockchain, as the project starts to establish itself within the crypto space.

The latest integration allows individuals to showcase verified no0fungible tokens using photo-sharing services by Meta.

Moreover, the announcement declared expanding the deal to over 100 nations after arriving in the United States in May. Flow might capitalize on the more than two billion users to enjoy massive adoption.

However, that wasn’t all. Sources suggest that Bitrue introduced FLOW yield staking services on its ecosystem. Bitrue commented on the deal, saying it was pleased to work with Flow for an opportunity to ensure the communities access 8% APY in Yield Farming.

The farming will last 30 days. Meanwhile, there will be preparation & distribution phases at the start and conclusion of the investment.

Meanwhile, the FLOW community received the news with open hands, and activity exploded. Lunar Crush shares a social update where FLOW touched an all-time high on social contributors, at 2.62K. Furthermore, the crypto project has recorded increased social engagements and mentions.

FLOW’s Social Dominance chart also confirms the effects. The metric surged well beyond FLOW’s weekly average. Meanwhile, the Instagram integration triggered a massive surge in this index. FLOW’s online engagements mostly accompany blockchain expansion.

Final Thought

While the announcement was massive, FLOW couldn’t maintain the momentum. For instance, the altcoin had lost around 5.45% before surging amidst improved broad market sentiments.

Meanwhile, volumes confirmed the suddenly faded pace, dipping by a whopping 71%. Can FLOW sustain upside as its tries to emerge from the latest pump? Time will tell. Meanwhile, stay tuned for the latest developments in the crypto sector.

Editorial credit: photo_gonzo / shutterstock.com


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