FLOW latest price rally has turned it into an "overbought" asset, which could amount to an imminent correction.
Flow (FLOW) logged its best daily performance on Aug.4 after becoming the latest blockchain to support Instagram's nonfungible token (NFT) features.
Insta-made FLOW rally
Meta CEO Mark Zuckerberg announced on Aug. 4 that Instagram had expanded its NFT support to 100 more countries in Africa, the Asia-Pacific, the Middle East and the Americas. As a result, more users can post digital collectibles minted on the Flow blockchain on Instagram.
The high-profile integration helped FLOW surge 54% to reach an intraday high of $2.83 a token. Interestingly, the token's massive upside move accompanied a spike in its daily trading volumes, confirming some weight behind the bullish trend.
#blockchain #nonfungible #gamefi #metafi #defi #bitcoin #playtoearn #flow
Flow (FLOW) logged its best daily performance on Aug.4 after becoming the latest blockchain to support Instagram's nonfungible token (NFT) features.
Insta-made FLOW rally
Meta CEO Mark Zuckerberg announced on Aug. 4 that Instagram had expanded its NFT support to 100 more countries in Africa, the Asia-Pacific, the Middle East and the Americas. As a result, more users can post digital collectibles minted on the Flow blockchain on Instagram.
The high-profile integration helped FLOW surge 54% to reach an intraday high of $2.83 a token. Interestingly, the token's massive upside move accompanied a spike in its daily trading volumes, confirming some weight behind the bullish trend.
#blockchain #nonfungible #gamefi #metafi #defi #bitcoin #playtoearn #flow