- The four-hour chart shows that the FLOW price has been steadily bullish.
- To continue the uptrend, the price needs to breach the resistance at $6.10.
The team behind Flow is a relative newcomer to the blockchain space and is the same team that brought in Cryptokitties. The platform employs proof-of-stake and is well-known for its pace and dependability. In order to maximize throughput and scalability, its validators gather nodes and execute them. Additionally, they have nodes that verify accuracy and those that maintain decentralization.
Flow is now employed by some of the world’s most well-known companies. These include Samsung, BlockDaemon, and Binance. NBA and Figment Networks are also utilizing it. Silicon Valley heavyweights including Andreessen Horowitz and Coinbase Ventures, Venrock, and BlockChange have invested in the project.
Multi-role Architecture
Dapper Labs created it to power future generation games, applications, and digital assets on a high-speed, developer-friendly blockchain. In order to avoid sharding, Flow uses a multi-role architecture.
When it comes to the Flow network, FLOW tokens are the native currency. FLOW token is the fuel that fuels the network considering Flow as the digital infrastructure. The Flow economy’s long-term reserve asset, FLOW, is also designed as a payment method.
The four-hour chart shows that the FLOW price has been steadily bullish in the past few sessions. To continue the uptrend, the price needs to breach the closest resistance at $6.10. This resistance has been once tested recently and a breach will open doors for FLOW to greater levels.
According to CoinMarketCap, the Flow price today is $5.92 USD with a 24-hour trading volume of $251,991,851 USD. Flow is up 12.04% in the last 24 hours.
