Cryptocurrency related content creator Coin Bureau The host of the channel named NFT altcoin Flow (FLOW) stated what is needed to experience a price increase.
Flow (FLOW); It is designed as a decentralized Layer-1 blockchain for games, applications and NFTs. This blockchain builds functional innovations directly at the protocol layer, making it possible for users to pay directly and participate in the management of the network. Flow (FLOW) Among the partners of the ecosystem are famous brands such as Warner Music, NBA and Ubisoft.
The analyst, nicknamed Guy, host of the Coin Bureau channel, shared his views on nearly two million YouTube subscribers, stating that Flow’s high-profile partnerships are not entirely positive for the blockchain.
“The only issue right now seems to be that Flow’s alignment with existing players probably has no interest in partnering with crypto projects or even appealing to the crypto community. I can show my proof in this regard as the lack of any wallet support and the lack of open interoperability with any other crypto currency. Remember that Flow has hundreds of millions of dollars in its back pocket!”
Flow’s native token, FLOW, has recently been affected by price fluctuations and dips, like most of the crypto market. The 61st-ranked crypto asset by market cap is trading at $5.28 at the time of writing and has dropped more than 30% over the past month.
Guy noted that further progress with the crypto community could help boost the price of FLOW.
“Currently, the Flow blockchain is highly centralized. And as you no doubt know, centralization is often a risk for an untrusted network. Now having said all this, Dapper Labs The (FLOW developer) team is of course aware of this and are trying to take steps to further decentralize the network.
My only hope is that more efforts are made to involve regular crypto users through additional integrations and wallet support. These two things alone may be enough to create the demand that Flow needs to offset the sustained supply shock and even lead to some serious gains.”
Disclaimer: What is written here is not investment advice. Cryptocurrency investments are high-risk investments. Every investment decision is under the individual’s own responsibility. Finally, Koinfinans and the author of this content cannot be held responsible for personal investment decisions.