In many instances, it was seen that several រូបិយប័ណ្ណសម្ងាត់ take opposite routes against the global crypto market. Flux’s (FLUX) recent growth expresses the similarity, where its price showed impressive growth in such a short time span. Meanwhile, the border គ្រីប market is still struggling to find its resistance above 1 trillion.
FLUX price surged upto 1.4 USD creating a recent high in May 2022. Along with this, the total value locked of the cryptocurrency was reported to cross 100 million and reached approx 108.5 million USD. However, it is still down by over 68% from its all-time high of 4.17 USD, which it achieved in December 2021.
Price Prediction of Flux (FLUX)
According to the daily chart, the price of FLUX was following a relatively strong bullish trend for quite some time. While keeping the pace up, it remained above its 25-day and 50-day moving averages. With the recent growth, the Flux token managed to get over its resistance level of 1.24 USD. This remained the highest point since August 13th, 2022.
Several factors like investors keep filling their bags with FLUX and the anticipated launch of Flus Geolocation 2.0 upgrade pushed the price. The oscillator makes the coin move beyond its neutral point and hence it is likely to keep rising until the next resistance gets set at 1.50 USD.
Earlier, Flux was known as Zelcash. Primarily it is a blockchain infrastructure platform intended to help the developers in building and hosting their developing applications.
Flux ecosystem has a second-layer operating system dubbed as FloxOS that hardly packs applications to operate on a decentralized network. Haven Protocol, Keep Network, Docusheild, and Element are some of the examples of Flux running applications.
Additionally, FluxNodes, Zelcore, and Parallel Mining-like products are also a part of Flux’s ecosystem. Considering multiple products within its portfolio, regardless of any direct interaction with Flux, the ecosystem remains in contact with developers to build the applications.
Source: https://www.thecoinrepublic.com/2022/09/07/where-flux-anticipates-to-move-ahead-after-the-recent-price-jump/