Flux surged upwards amidst bullish momentum during November. The cryptocurrency broke all of its previous records as the bulls strengthened during the previous month. It also established the new all-time high at $2.77 while the previous ATH stood at $0.48 – established during May. At the time of writing, the cryptocurrency stands at a price level of $2.30. The price is, once again, surging upwards as the bullish momentum of November has not been lost yet. The token increased by more than 70% during the past twenty-four hours while the daily trading volume recorded a growth of 1,800%. At the current price is skirting near the ATH, it is expected to establish a new ATH if the momentum sustains.
Flux – recent developments
Flux is working towards breaking the hegemony of centralized service providers in the cloud computing industry through the power of the blockchain technology. Tech corporations like Amazon have dominated the sphere and their services become inefficient for customers as they are purely profit-making entities. Flux ecosystem is a fully operational suite of decentralized computing services along with blockchain-as-a-service solutions. It provides a fully decentralized and conducive development environment.
The cryptocurrency has been making headlines because of the recent developments going on in the network. Flux was recently launched by Binance – one of the largest crypto exchanges in the market – in BTC, BUSD and USDT denominations. The team believes this to be only the beginning of tier-1 listings and more should be expected in the upcoming days. Mandala Exchange has also listed the cryptocurrency with full Binance liquidity. MEXC Global has launched FLUX/USDT perpetual futures and is also holding a 5,000 USDT giveaway for the token.
The recent listings have turned the wave for cryptocurrency. It saw a phenomenal growth both in terms of price and in terms of the community growth. There has been a massive influx of users on the ecosystem which is further fueling the bullish momentum.
Future outlook
The development team regards the current performance and developments to be steps in the right direction towards entering the top 100 cryptocurrencies’ list followed by the top 50. Given the potential Flux has, this is a realizable goal for the network which is why the current outlook of the cryptocurrency is extremely bullish. According to the estimates of Wallet Investor, the cryptocurrency is expected to be operating at a price level of $2.98 in a year’s time while the five-year projection places it at $10.24.
