Insta-rally! FLOW token jumps 50% amid Instagram adoption euphoria

Insta-rally! FLOW token jumps 50% amid Instagram adoption euphoria


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.

Trending: 11 Adults Charged For Sexually Assaulting Children During Witchcraft Rituals

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. 

FLOW/USD daily price chart. Source: TradingView

Like any blockchain native asset, the ups and downs in FLOW’s demand are tied to the adoption of its

Continue reading


 

Join the conversation!

Please share your thoughts about this article below. We value your opinions, and would love to see you add to the discussion!

Thanks for sharing!
Send this to a friend