The host of crypto channel Coin Bureau is outlining what he believes it could take for the altcoin Flow (FLOW) to see a lift in price.
Flow is a decentralized layer-one blockchain for video games, functions and non-fungible tokens (NFTs).
Its blockchain builds practical enhancements immediately on its protocol layer, permitting customers to make funds and take part in the community’s governance. Its ecosystem companions embody model names comparable to Warner Music, the NBA and Ubisoft.
Coin Bureau’s pseudonymous analyst Guy tells his almost two million YouTube subscribers that Flow’s high-profile partnerships aren’t totally optimistic for the blockchain, nonetheless.
“The only problem is that Flow’s alignment with established players is probably why it has next-to-no interest in partnering with crypto projects or even appealing to the crypto community. My evidence is the lack of wallet support and the apparent absence of interoperability with any other cryptocurrency. Remember that Flow has hundreds of millions of dollars in its back pocket.”
Flow’s native token, FLOW, has just lately been caught in price doldrums like a lot of the crypto market. The 61st-ranked crypto asset by market cap is buying and selling at $5.28 at time of writing and is down greater than 30% in the previous month.
Guy says making additional inroads with the crypto neighborhood may assist improve FLOW’s price.
“Currently, the Flow blockchain is sort of centralized. And, as you little doubt know, centralization is usually a threat to a trustless community. Now having stated all of that, the Dapper Labs [FLOW developer] crew is conscious of this, and there are strikes afoot to additional decentralize the community.
My solely hope is that extra efforts are made to onboard common crypto customers by way of extra integrations and pockets assist. These two issues alone is perhaps sufficient to create the demand Flow wants to offset its fixed provide shock and lead to some critical positive factors down the line.”
Disclaimer: Opinions expressed at The Daily Hodl usually are not funding recommendation. Investors ought to do their due diligence earlier than making any high-risk investments in Bitcoin, cryptocurrency or digital property. Please be suggested that your transfers and trades are at your individual threat, and any loses chances are you’ll incur are your accountability. The Daily Hodl doesn’t advocate the shopping for or promoting of any cryptocurrencies or digital property, neither is The Daily Hodl an funding advisor. Please be aware that The Daily Hodl participates in internet affiliate marketing.
Featured Image: Shutterstock/HUT Design