Flow

Get Flow (FLOW) all time high price, historical charts, latest news and other information.

  BeInCrypto takes a look at the seven altcoins that decreased the most over the past seven days, from October 15 to 22.
These altcoins are: 

Flow (FLOW) : -19.06%
dYdX (DYDX) : -13.45%
Celsius (CEL) : -10.02%
eCash (XEC) : -8.99%
Perpetual Protocol (PERP) : -7.04%
Telcoin (TEL) : -5.60%
Waves (WAVES) : -5.52%

FLOW
FLOW has been decreasing alongside a descending resistance line since August 30. The resistance line is a sign that the token is correcting. Until FLOW breaks out, the trend cannot be considered bullish. 
Currently, the token is holding just above the $12.50 horizontal support area. The area is crucial, since a breakdown below it could take it towards new lows below $8. 
Currently, there are no bullish reversal signs in place.
Chart By TradingView
DYDX
DYDX has been decreasing inside a descending parallel channel since September 30, when it reached an all-time high price of $27.85. Such channels usually contain corrective movements. This means that a breakout from the channel would be the most likely scenario, since the decrease is considered a correction. 
The most likely level for a bounce and eventual break to transpire would be at $17. This is the previous all-time high resistance level which is now expected to act as support. Additionally, it coincides with the support line of the channel.
Chart By TradingView
CEL
CEL has been trading inside a large symmetrical triangle since January 22. Such triangles are considered neutral patterns, meaning moth a breakout and a breakdown could occur. 
The token is rapidly approaching the point of convergence between resistance and support, at which point a decisive movement outside the pattern is expected. 
Until CEL either breaks out or down, the direction of the trend cannot be determined due due to the neutrality of the pattern.
Chart By TradingView
XEC
XEC has been decreasing alongside a descending resistance line since Septembere 28. While following the line, it fell to a new all-time low of $0.00017 on October 20. 
While it attempted to bounce afterwards, it was rejected by both the $0.0002 area and the descending resistance line (red icon). 
Therefore, the trend is likely bearish and XEC could fall to a new all-time low.
Chart By TradingView
PERP
On October 11, PERP broke out from a descending resistance line, putting an end to the downward movement that had been ongoing since August 30.
The upward movement continued until October 15, when PERP was rejected by the 0.5 Fib retracement resistance level at $18.50. The same area previously rejected the token on September 14 and 26 (red icons). 
PERP has been moving downwards since and is approaching the $13 support area, which could initiate a bounce.
Chart By TradingView
TEL
TEL has been increasing alongside an ascending support line since September 21. While doing so, it initially broke out above the $0.021 area and proceeded to reach a high of $0.0234. 
However, the upward movement could not be sustained and TEL decreased below the $0.021 area afterwards. This is a bearish sign, since the area was expected to provide support. To the contrary, it acted as resistance on October 20 (red icon). 
There is confluence of support levels at $0.018, created by the ascending support line and a horizontal support area. TEL is likely to bounce once it gets there.
Chart By TradingView
WAVES
WAVES has been increasing alongside an ascending support line since September 21. While doing so, it nearly reached a new all-time high price on October 14 (red icon). 
However, it failed to do so and was rejected by the $33.50 resistance area instead. It has been moving downwards since. It has now reached the ascending support line once more.
If the support line holds, it would created an ascending triangle, which is considered a bullish pattern. In that case, an eventual breakout and a new all-time high price would be the most likely scenario.
If a breakdown occurs, the closest support would be at $25.80.
Chart By TradingView


For BeInCrypto’s latest Bitcoin (BTC) analysis, click here.
  The post Flow (FLOW) Risks Falling To a New All-Time Low — Biggest Weekly Losers appeared first on BeInCrypto.


BeInCrypto takes a look at the seven altcoins that have decreased the most over the past seven days, from October 15 to 22.
The post Flow (FLOW) Risks Falling To a New All-Time Low — Biggest Weekly Losers appeared first on BeInCrypto.


beincrypto.com

Flow (FLOW) Risks Falling To a New All-Time Low — Biggest Weekly Losers

Bitcoin BTC’s price surged by 9.88% on the first day in October ’21, as it heads for Plan B’s October $63K price target. PlanB, famous for the stock-to-flow model predicts that Bitcoin as a store of value would attain the $98K mark in November and the $135K mark in December. He also mentioned a floor model (Worst-case scenario), that’s not based on S2F-Stock to flow, but on-chain and price data as the S2F already suggests $100K at the current time.
Let’s try to validate some of his thoughts, starting from the daily time frame, and concluding on the 4HR time frame.
Bitcoin (BTC) Daily Chart Analysis

The BTCUSDT slumped and entered into a price consolidation, following a breakdown of the uptrend line on 07 Sep ’21.
A price close above inside bar resistance [$42969.90] on 26 Sep ’21, hinted an end to the consolidation phase, which was later followed by a price surge to the 18 September resistance level [$48800.00]. If the $48800.00 resistance holds, we might see a temporary price pull-back before a full surge to the ATH, and perhaps a new price discovery.
Bitcoin (BTC) 4HR Chart Analysis

A step down to the 4HR time frame shows how the 21 September 20:00 bullish divergence support proved to be a hard nut to crack after which the 28 September 20:00 bullish divergence confirmed the uptrend.
The RSI continues to set new highs as a sign of exiting the sideways price structure into an uptrend. There’s no hope for the bears at this point as they get squeezed with new Bitcoin BTC price discovery on the 4HR time frame. 
Bullish/Bearish Scenario
As analyzed on the daily and 4HR charts, the RSI [4] proves our bias towards an upbeat campaign, as the BTCUSDT knocks on the $48800.00 resistance at press time.
The uptrend stays valid even if the RSI dips below level-25 on the 4HR time frame on the condition that the RSI stays above level-25 on the daily time frame.
With that said, trading without leverage [spot] or with the least leverage [2X] will keep you safe.
Bitcoin (BTC) Intraday Levels

Spot rate: $48221.8
Mid–Term Trend [H4]: Uptrend Starts
Volatility: High
Support: $$39571.00, $40875.0, and $44345.80
Resistance: $48800.00 and $52827.30

The post BTC Price Analysis: Surge in Demand Pushes Bitcoin Price Out of Consolidation, Bulls Are Back! appeared first on Coingape.


Bitcoin BTC&#8217;s price surged by 9.88% on the first day in October ’21, as it heads for Plan B’s October $63K price target. PlanB, famous for the stock-to-flow model predicts that Bitcoin as a store of value would attain the $98K mark in November and the $135K mark in December. He also mention...

coingape.com

BTC Price Analysis: Surge in Demand Pushes Bitcoin Price Out of Consolidation, Bulls Are Back!

  
The world is getting smaller as digital capabilities expand. However, the effective transfer and easy flow of money are not keeping up. Cryptocurrencies are promised as a solution to remittance barriers but are still only just beginning to become effective. 



Cross-border payments are a hot topic when it comes to cryptocurrency use-cases. There is no shortage of discussions on how crypto will revolutionize sending and receiving money across the globe.



Countries are already testing various cross-border payments. In July, the central banks of France and Singapore announced successful cross-border CBDC testing. 



However, while it is beneficial for governments, one of the real strengths of cryptocurrencies for improved cross-border payments lies in migrant remittances. 



These specifically refer to the transfer of funds by migratn workers. These workers send money back to their home country, either to their own accounts or to their family. 



The transfer of money keeps economies going 



For lower and middle-income countries, remittances are a central part of the economy and overall development.  



For many of these countries, access to jobs and earning opportunities in the country is weak. As a result, many try to find work outside of their borders. This income flowing into the country from migrant labor across the world assists in keeping economic activity active. 



Even COVID-19 didn’t stop the flow of money across borders. In a report by the World Bank, 2020 saw official remittance flows to middle and lower-income countries reach $540 billion. This was only a 1.6 percent drop from 2019. 



Cryptocurrencies and remittances



These kinds of transfers have been continuing for centuries, before the technology to somewhat simplify them began. People would send envelopes of cash to relatives with those making the journey. At the time, there was little assurance that the cash would arrive.



However, the uptick in technological advances hasn’t completely removed the stress for workers worldwide. While it is easier in some locations, overall, this process is still costly if not also complicated.



For example, even with improved fintech money transfer options, a migrant worker from Zimbabwe living in South Africa will be charged a percentage to transfer through a third party. Thus, losing out on some of their earnings.



In addition, the documentation required is also quite extensive. Depending on the amount, documents like an ID or passport number, ID photo, and other similar Know-Your-Customer (KYC) compliance have to be followed. 



This is where cryptocurrencies bring in their benefits. 



“There are a number of benefits. Sending via crypto is cheaper and faster than traditional methods of sending money. Crypto is borderless. You can send money anywhere in the world for a very low cost,” says John Colson, Chief Marketing Officer as Yellow Card.



While KYC’s might still be necessary across centralized exchanges, the high cost incurred on both ends is significantly diminished. 



To keep the example on the African continent, the same transfer in bitcoin or ethereum from South Africa to Nigeria using the exchange Luno with a registered email address or cellphone number is free. In addition, withdrawals on the exchange don’t incur a cost outside of a network fee.



“Cryptocurrencies bring a lower cost, cheaper and faster option to remittances which are disrupting traditional methods such as MoneyGram, Western Union, and WorldRemit. This is a good thing for the remittances industry,” says Tadii Tendayi, Founder of Zimbabwe-based BitFlex.



Remittances: Sending and recieving



A major aspect of migrant remittances is the need for easy cash access. This is especially true if a person is sending it home to family memebers.



When it comes to cryptocurrencies, third-party on-ramps and rails are key to making this possible.



It is unlikely that most migrant workers or expatriates will be able to teach their relatives back home how to sell their cryptocurrencies on exchange each time they send. 



It is not impossible to do. However, it is a bit more challenging and frustrating. This is especially so if you’re someone sending home money to less tech-savvy relatives. 



“By offering local payment on-ramps all across Africa, it’s our mission to remove those barriers. Additionally, we are providing education to help users understand the benefits of crypto,” Colson explains.



Centralized exchanges like Yellow Card make the process easier. However, being able to access cryptocurrencies as cash on the other side is still a hurdle. 



“Crypto allows me to potentially send money to my relatives in Donetsk, a city that has been entirely disconnected from global banking for seven years,” explains Andrey Shevchenko, a crypto enthusiast.



“The EU and Ukrainian/Russian banking systems are very siloed, and most people’s bank accounts don’t even have Swift codes over there. It all relies on ‘cards,'” he explains. 



In his case, Shevchenko merely sends the cryptocurrency to one of these bank “cards,” therefore avoiding the issue of explaining an exchange to anyone on the other side.



Peer-to-peer benefits for remittances



Alongside needing the ability to buy the cryptocurrency from a viable exchange and possibly ensuring it is received in a usable form like cash on the other end, an additional issue is the number of unbanked people in the world. 



According to the World Bank, an estimated 1.6 billion adults are unbanked. This means they have no access to banking or financial services. 



As such, a centralized cryptocurrency exchange doesn’t mean much when there is no bank account to send the sold crypto to. 



Peer-to-peer services in lower-middle-income contexts have proven incredibly useful and usable. While still requiring an understanding of the technology needed to conduct the transfers, it removes the middlemen and barriers to entry found in traditional financial products. 



An example of a peer-to-peer platform that is providing such a service is Paxful. The platform allows for over 350 payment methods, removing the need for a bank.



“We are a peer-to-peer crypto marketplace, so our users individually determine the exchange rate they’re willing to accept to on/off ramp cryptocurrency, and that is often guided by the local demand for crypto, gift cards, etc.,” explains Jean Ng, Paxful Vice President, Growth. 



“The result is that for many of our key corridors, we see that the effective exchange rate our users can get ends up being much better than the official exchange rates, sometimes by as much as over 20%. So when a sender sends $100 cross border, the recipient can actually receive the equivalent of $120,” she says. 



Peer-to-peer phone payments



As expressed by Ng and Paxful’s wide range of payment methods, low-income countries are already resourceful when it comes to navigating around institutional structures to access funds. 



This is where much of the lower-middle-income countries’ impressive fintech comes in. Countries where there are the most unbanked or underbanked individuals have long been using alternate methods to send and receive money. 



Tools like M-Pesa allow users to send money without even needing to log onto the internet. Now, cryptocurrencies are joining fiat with transfers between users via Unstructured Supplementary Service Data (USSD). 



In Kenya, KotaniPay allows blockchain protocols to integrate money mobile platforms. Users can receive and spend bitcoin, celo, ethereum, and EOS. All without access to the internet or having to learn how to use an exchange.



Understanding payment needs on the ground 



As mentioned by Ng, the services gaining traction in low-income countries are those that are responding to the needs on the ground. 



Understanding this flow of cross-border payments, how local economies function and adapting to these needs. 



“By offering local payment on-ramps all across Africa, it’s our mission to remove those barriers. Additionally, we are providing education to help users understand the benefits of crypto,” says Colson. 



This kind of co-operation requires those working with people on the ground to fit into the local framework. 



“We started learning from our users actually that [gift cards] were kind of one of the preferred methods that they’ve been using. We’ve been focusing on growing strategically that part of the market knowing that it’s kind of one way they’ve hacked together to get into banking services,” says Ng. 



This is apparent in the plans by BitFlex as well. Tendayi explains that with the launch of their BitFlex Wallet, users in Zimbabwe will be able to remit using the Celo Dollar stablecoin. On the other end, the recipient can cash out in the local currency.



For a country like Zimbabwe, this is key. The national currency has only been recently reinstated after over a decade of use of the US dollar. The precarious nature of the new currency makes transfers in cryptocurrency a safer bet for those in the country.



Cryptocurrency adoption makes gains in low-income countries



There is no denying the need and demand for effective cryptocurrency remittances. 



“We have seen a huge demand for crypto across Africa, crypto has a real use case here. People are trading, sending, and saving all across Africa,” says Colson. 



A ChainAnalysis report on cryptocurrency interest found that India and Vietnam saw massive spikes alongside Ukraine and Pakistan. 



Although the institutional investment was present, individual retail investors make up the bulk of those getting involved in crypto. 



“In emerging markets, many turn to cryptocurrency to preserve their savings in the face of currency devaluation, send and receive remittances, and carry out business transactions,” says a report from ChainAnalysis. Vietnam and India were specifically rising in adoption.



Overall, India’s remittances inflows for 2020 were $83 billion. In Vietnam, personal remittances in 2020 accounted for 6.3 of the countries GDP. 



Overall, lower-middle-income countries have impressive adoption especially compared to some of their high-income counterparts. 



According to data from Statista, respondents in a 2020 survey showed higher adoption in countries including Nigeria (34%), Phillippines (20%). By comparison, Germany and Japan are at just 5% and 4% respectively. 



Are there real use-cases though? 



However, whether all these crypto transfers are specifically migrant remittances is hard to identify. 



Reports and news stories claiming to calculate cryptocurrency remittances often conflate centralized exchange use with remittances. 



This makes sense as it is not exactly possible to know what people are using their cryptocurrencies for unless they declare it themselves. No bitcoin or ethereum sale has a reference saying “paying my mom.” 



As such, it is hard to track how many people are indeed using this technology to send money across the world. 



However, those on the ground attest that the demand is there, and people are coming to this still new and novel solution.



“I believe more people are using blockchain/crypto remittances more today than ever as the pros far outweigh the cons,” says Tendayi. 



Ng agrees. In a recent Paxful user survey, 22% of the 230,000 respondents said they use the service to send money to family and friends. 



“We never really marketed ourselves as something focused on this. Our users are brilliant, and they’re already using this right there. They already trade, figuring out on the ground what is available to them as an option. Those who found out about us realize that they can already use our platform as it is for this without any kind of bells and whistles,” she says. 



Paying attention to this sector



While discussion on crypto for remittances may outshine the actual use-cases, the evidence of some cross-border transfers is starting to materialize. 



There are select examples and evidence from those building these products on the ground. This makes it a crypto area to watch. 



As crypto adoption grows, innovations and key resources will continue to come from those actually using coins and tokens. This makes migrant remittances a sector worth keeping an eye on.
  The post Cryptocurrency Remittances Are Successfully Navigating Across Borders appeared first on BeInCrypto.


The world is getting smaller as digital capabilities expand. However, the effective transfer and easy flow of money are not keeping up. Cryptocurrencies are promised as a solution to remittance barriers but are still only just beginning to become effective. 
The post Cryptocurrency Remittances Ar...

Cryptocurrency Remittances Are Successfully Navigating Across Borders

Quantitative analyst PlanB believes Bitcoin will hit a six-figure price by the end of the year despite the recent meltdown in the cryptocurrency markets.
PlanB tells his 833,000 Twitter followers that BTC will close at or above $100,000 in December, according to his stock-to-flow (SF2) model.
 
However, based on logarithmic regression or the time model, the quantitative analyst says the flagship cryptocurrency could fall to $30,000.
“So what will Bitcoin’s December closing price be?
– S2F model says $100K
– Time model (logarithmic regression) says $30K
Next couple of months will be Interesting. My money is on S2F, of course.”
In the case of Bitcoin, the stock-to-flow model attempts to predict the price of the flagship cryptocurrency by measuring the amount of new supply entering the market per year compared to the amount of supply already in existence.
The time model or logarithmic regression, on the other hand, aims to predict the price of Bitcoin based on the assumption that growth will initially accelerate rapidly before slowing over time.
Bitcoin is trading at around $43,600 at the time of writing, according to CoinGecko.
PlanB also says, in response to reactions about his prediction, that his stock-to-flow model will be invalidated if Bitcoin does not hit a closing price of $100,000 in December.
“Price must increase >100k (to make a 100k average) or s2f is dead.”
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Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any loses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.

Featured Image: Shutterstock/cherezoff
The post PlanB Predicts Bitcoin Will Hit $100,000 by December – But Warns One Chart Shows Steep Price Drop Incoming appeared first on The Daily Hodl.


Quantitative analyst PlanB believes Bitcoin will hit a six-figure price by the end of the year despite the recent meltdown in the cryptocurrency markets. PlanB tells his 833,000 Twitter followers that BTC will close at or above $100,000 in December, according to his stock-to-flow (SF2) model. How...

dailyhodl.com

PlanB Predicts Bitcoin Will Hit $100,000 by December – But Warns One Chart Shows Steep Price Drop Incoming

  
Two respective industry giants, Google and Dapper Labs, came together in an effort for enhanced blockchain support as Web 3.0 approaches.



On Tuesday Google Cloud revealed a partnership with blockchain industry-giant Dapper Labs. The deal surrounds support and scalability for the Dapper Labs blockchain Flow. Google’s cloud service infrastructure will help with Flow operations and scaling. 



This move comes as the Flow network hosts dozens of applications, which includes the NFT giants NBA Top Shot and CryptoKitties. Along with the applications, the network has over 2,000 developers building on top of it. This new partnership allows those developers access to lower latency nodes through Google cloud services. 



As the digital world moves to Web 3.0, internet giants try to find their niche. Google’s latest move with Dapper Labs gives it a developer-friendly sheen. However, it still does not process crypto mining. Nonetheless, this new development allows the ability to choose a preferred region to power their platforms. This means the choice can be made off of regional energy consumption. 



According to vice president of Google Cloud North America, Janet Kennedy this development provides Dapper Labs with the support and scalability it needs in this time of industry growth. 



“It’s really about helping them with rapid and sustainable growth,” says Kennedy. “Blockchain technology is becoming more and more mainstream. So companies like Dapper need scalable, secure infrastructure to grow their business, and even more importantly, support their networks.”



A new dawn for blockchain



With the monumental rise of non-fungible tokens over the last year, the blockchain and crypto industry felt the shift. Over the summer, according to Dapp Radar, users on Dapper’s network conducted between 500,000 and one million weekly transactions. During this time the platform grew to the fourth largest in the space. 



The highly popular NBA Top Shot collection made almost $700 million in sales in only one year of existence. The new partnership with Google is in hopes of scaling Top Shot and other NFTs which run on Flow. 



This deal between Google and Dapper is the latest in some recent crypto-forward moves from the tech giant. Recently, Google allowed crypto ads as a part of new policy. 
  The post Google Partners With Dapper Labs to Power Flow Blockchain appeared first on BeInCrypto.


Two respective industry giants, Google and Dapper Labs, came together in an effort for enhanced blockchain support as Web 3.0 approaches.
The post Google Partners With Dapper Labs to Power Flow Blockchain appeared first on BeInCrypto.


Flow price	$13.44
Low - High 24H	$13.26 - $13.73
Market cap	$4.10B
Volume 24H	$77.11M
All time high	$42.40 -68.40% April 5th 2021
All time low	$4.95 170.65% January 27th 2021
Genesis date	N/A

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